This report is the result of an extensive market and company research covering the global cyber security industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
“The Global Cybersecurity Market 2013-2023” offers the reader detailed analysis of the global cyber security market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.
What are the key drivers behind recent market changes?
The global cyber security market is dominated by North America, with the US being the largest defense spender in the world; overall, North America is set to spend US$93.6 billion on cyber security during the forecast period. Despite the scheduled budget cuts, Europe represents the second-largest market, with the total cyber security market valued at around US$24.7 billion, offering a potentially attractive investment opportunity for suppliers. Asia-Pacific is projected to spend an estimated US$23.2 billion on cyber security during the forecast period, followed by the Middle East and Latin America with US$22.8 billion and US$1.6 billion respectively.
What makes this report unique and essential to read?
“The Global Cyber Security Market 2013-2023” provides detailed analysis of the current industry size and growth expectations from 2013 to 2023, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the market for cyber security during 2013-2023, including the factors that influence the reasons countries are investing or cutting defense expenditure. It provides detailed expectations of growth rates and projected total expenditure.
Historically, most of the expenditure in this sector is generated by the private sector, yet government spending has witnessed a robust increase in the recent past; the US’s private and public sector spending is almost the same, pegged at US$94 billion over the next 10 years. The UK has also made cyber security a tier one priority by allocating an additional US$800 million for various cyber security initiatives in its 2010 strategic defense and security review (SDSR); the government is expected to spend close to US$6 billion on cyber security over the next 10 years. Similarly countries in the Middle East, Asia Pacific and Latin America are also expected to ramp up spending on cyber security during the forecast period.
Key Market Issues
It is very important for cyber security providers to identify the source of malware so that similar patterns can be tracked and observed for flaws, and a proper response to the attack can be delivered without causing undue inconvenience to the entire cyberspace community. This challenge stems from the fact that the cyber security institutional eco-system which consists of a broad set of international, national, and private organizations has unclear and overlapping boundaries.
Cyber weapons are in their infancy and are expected to rapidly evolve over the next decade. Therefore, nations are currently dedicating increasing resources at the executive policy level as well as at the private sector level, in order to deal with complex cyber threats. These resources have been well utilized as is evident from the innovations in cyber defense technologies, but as these mechanisms become commercially available and their mode of operation is scrutinized, attackers will develop more advanced cyber weapon technologies to deal with advanced defenses.
Key Highlights
At the cyber-security world summit held in 2010, security experts raised credible issues such as crashing power grids, stalled air control towers, hospital infrastructure being rendered useless, and national defenses being susceptible to outside attack. New technologies such as cloud computing, social networking, and the proliferation of mobile devices have also resulted in an increase of cyber attacks. The governments of the UK, the US, France, Belgium, Germany, and India have stated that their systems and networks were infiltrated by criminal networks. Such incidents are expected to augment a sustainable demand for cyber security over the forecast period
The militaries of most countries have always enjoyed a certain degree of autonomy, but they are not immune from the economic uncertainties that face governments. With budget cuts being implemented, many countries are looking to channel their resources towards certain areas of military spending. For example the US is looking to phase out tanks and other major weapons programs and divert its spending towards IT and cyber security programs.
CONTENT
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Executive Summary
3 Global Cybersecurity Market Size and Drivers
3.1 Cybersecurity Market Size and Forecast 2013-2023
3.1.1 Global cybersecurity market expected to witness a robust growth over the forecast period
3.2 Global Cybersecurity Market – Regional Analysis
3.2.1 North America is expected to lead the global cybersecurity market
3.2.2 Demand for cybersecurity systems in the US to support market growth
3.2.3 European cybersecurity market expected to account for the second highest spending over the forecast period
3.2.4 Cybersecurity market expected to grow at a CAGR of 9% in the Asia-Pacific region
3.2.5 Markets in the Middle East to register a robust growth
3.2.6 Brazil expected to be the highest spender on cybersecurity in the Latin American region
3.2.7 Markets in Africa expected to increase over the forecast period
3.3 Cybersecurity Sub-Sector Market Size Composition
3.3.1 Network security to account for the largest share of the market during the forecast period
3.3.2 Market for network security to register a CAGR of 4.3%
3.3.3 Data security market to experience robust growth over the forecast period
3.3.4 Identity and access segment to account for 23% of market
3.3.5 Cloud security market to grow at a CAGR of 8.4%
3.4 Demand Drivers and Growth Stimulators
3.4.1 Increased dependence on information technology resulting in more cyber attacks
3.4.2 Dynamic nature of cyber threats warrants increased spending on innovative technologies
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to decline marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
3.6 Defense Modernization Review
3.6.1 Debt crisis in Europe leading to postponement of modernization plans
3.6.2 Arms race in Asia reflected in modernization plans
3.6.3 North American modernization plans marginally affected by economic recession
3.6.4 Modernization programs in South America driven by replacement of obsolete armaments
3.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to slow growing crime rate
3.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems
4 Industry Trends, Recent Developments, and Challenges
4.1 Technological Developments
4.1.1 Network based IP sensor to enable detection of cyber attacks
4.1.2 Machine Learning technology to be the new platform for future cyber security measures
4.1.3 FlowID10G to enable constant internet traffic monitoring
4.1.4 Japan developing defensive cyber weapon
4.2 Market Trends
4.2.1 Development of offensive cyber weapons on the rise
4.2.2 Middle East emerging as one of the major markets
4.2.3 Increased threat of cyber attacks against military radars and communication systems resulting in an increase in governmental spending on cyber security
4.3 Industry Consolidation
4.3.1 Joint RandD programs expected to increase over the forecast period
4.3.2 Cyber security domain recording robust MandA activity
4.4 Key Challenges
4.4.1 Lack of exhaustive databases on malware and their sources impeding the global cyber defense sector
4.4.2 Counter measures against cyber weapons expected to be a significant challenge in the future
4.4.3 Mobile and Wireless technologies increasing vulnerability of cyber networks
5 SWOT Analysis of the Cybersecurity Market
5.2 Strengths
5.2.1 Robust demand due to increased threat
5.2.2 Technological advancements ensure continued operational demand
5.2.3 Reforms in defense spending to favor cyber security systems
5.3 Weaknesses
5.3.1 Probability of cyber threats being exaggerated
5.3.2 Lack of skilled personnel
5.3.3 Lack of cyber security enforcement in the Latin American and African regions
5.4 Opportunities
5.4.1 A dynamic industry provides many avenues for growth, especially for established companies
5.4.2 Need for databases to effectively combat cyber crime
5.5 Threats
5.5.1 Limited budget and weak infrastructure in less developed countries
5.5.2 Lack of transparency in information sharing
6 Country Analysis – Cybersecurity
6.1 United States Market Size and Forecast 2013-2023
6.1.1 Network security segment expected to account for the largest segment during the forecast period
6.1.2 Data security segment expected to accounts for 26.2% of the market during the forecast period
6.1.3 Cloud security segment expected to grow at a CAGR of 9.2% over the forecast period
6.2 France Market Size and Forecast 2013-2023
6.2.1 Network security segment expected to account for the largest share of the French cybersecurity market
6.2.2 The market for data security in France is expected to grow at a CAGR of 9.7%
6.3 UK Market Size and Forecast 2013-2023
6.3.1 Network security segment expected to account for the largest segment in the UK
6.3.2 Spending on the data security expected to grow at a CAGR of 11.6% over the forecast period
6.3.3 Identity and access segment accounts for 23.5% of the market during the forecast period
6.4 Russia Market Size and Forecast 2013-2023
6.4.1 Network security segment account for the largest area of expenditure by Russia
6.4.2 Data security market to account for 29% of the Russian cybersecurity market
6.1 Saudi Arabia Market Size and Forecast 2013-2023
6.1.1 Network Security expected to grow at a CAGR of 1.94% over the forecast period
6.1.2 Data Security to account for the second largest market segment in Saudi Arabia over the forecast period
6.2 UAE Market Size and Forecast 2013-2023
6.2.1 Network Security market to grow at a CAGR of 2.32% during the forecast period
6.2.2 Data Security market to account for the second largest segment of investment during the forecast period
6.1 Israel Market Size and Forecast 2013-2023
6.1.1 Network Security to account for the largest area of expenditure during the forecast period
6.1.2 Data Security market in Israel to grow at a CAGR of 4.83% over the forecast period
6.1 Japan Market Size and Forecast 2013-2023
6.1.1 Network Security expected to account for the largest share of the Japanese cyber security market
6.1.2 The market for data security in Japan expected to grow at a CAGR of 10.30%
6.2 China Market Size and Forecast 2013-2023
6.2.1 Network Security expected to constitute the largest market share in China
6.2.2 Data Security to account for the second largest area of expenditure by China
6.2.3 Expenditure on identity and access expected to grow at a CAGR of 9.78 % over the forecast period
6.3 Indian Market Size and Forecast 2013-2023
6.3.1 Network Security expected to grow at a CAGR of 9.16% over the forecast period
6.3.2 Data Security is expected to account for the second largest share of expenditure by India during the forecast period
6.3.3 Identity and Access to account for the third largest segment of expenditure on Indian cyber security
6.4 Brazil Market Size and Forecast 2013-2023
6.4.1 Network security segment expected to lead the cybersecurity expenditure during the forecast period
6.4.2 Data security segment to grow at a CAGR of 8.74% during the forecast period
6.1 South Africa Market Size and Forecast 2013-2023
6.1.1 Network Security expected to account for the largest segment of expenditure
6.1.2 Data Security expected to account for the second largest category of expenditure in South Africa
6.2 Nigeria Market Size and Forecast 2013-2023
6.2.1 Network Security expected to account for the largest segment of expenditure
7 Major Cybersecurity Programs
7.1 Network security
7.1.1 US – Einstein Intrusion Detection System Program
7.1.2 US – Cyber Genome Program
7.1.3 France РR̩seau IP de la Force AeroNavale (RIFAN) Stage Two
7.2 Data Security
7.2.1 US – Automated Program Analysis for Cybersecurty (APAC)
7.3 Identity and Access
7.3.1 US – Active Authentication Program (AAP)
7.4 Cloud Security
7.4.1 US – Mission-oriented Resilient Clouds (MRC)
8 Competitive Landscape and Strategic Insights
8.1 Competitive Landscape Overview
8.1.1 Lockheed Martin Corporation: overview
8.1.2 Lockheed Martin Corporation: products and services
8.1.3 Lockheed Martin Corporation: recent announcements and strategic initiatives
8.1.4 Lockheed Martin Corporation: alliances
8.1.5 Lockheed Martin Corporation: recent contract wins
8.1.6 Lockheed Martin Corporation.: financial analysis
8.1.7 Panda Security: overview
8.1.8 Panda Security: products and services
8.1.9 Panda Security: recent announcements and strategic initiatives
8.1.10 Panda Security: alliances
8.1.11 Panda Security: recent contract wins
8.1.12 Booz Allen Hamilton: Overview
8.1.13 Booz Allen Hamilton: products and services
8.1.14 Booz Allen Hamilton: recent announcements and strategic initiatives
8.1.15 Booz Allen Hamilton: alliances
8.1.16 Booz Allen Hamilton: recent contract wins
8.1.17 Booz Allen Hamilton: financial analysis
8.1.18 CACI: Overview
8.1.19 CACI: recent announcements and strategic initiatives
8.1.20 CACI: alliances
8.1.21 CACI: recent contract wins
8.1.22 CACI: financial analysis
8.1.23 NetCentrics: Overview
8.1.24 NetCentrics: products and services
8.1.25 NetCentrics: recent announcements and strategic initiatives
8.1.26 NetCentrics: alliances
8.1.27 NetCentrics: recent contract wins
8.1.28 Check Point Software Technologies: overview
8.1.29 Check Point Software Technologies: products and services
8.1.30 Check Point Software Technologies: recent announcements and strategic initiatives
8.1.31 Check Point Software Technologies: alliances
8.1.32 Check Point Software Technologies: financial analysis
8.1.33 General Dynamics: Overview
8.1.34 General Dynamics: products and services
8.1.35 General Dynamics: recent announcements and strategic initiatives
8.1.36 General Dynamics: alliances
8.1.37 General Dynamics: recent contract wins
8.1.38 General Dynamics: financial analysis
8.1.39 Mantech International Corporation: Overview
8.1.40 Mantech International Corporation: products and services
8.1.41 Mantech International Corporation: recent announcements and strategic initiatives
8.1.42 Mantech International Corporation: alliances
8.1.43 Mantech International Corporation: recent contract wins
8.1.44 Mantech International Corporation: financial analysis
8.1.45 BAE Systems Detica: overview
8.1.46 BAE Systems Detica: products and services
8.1.47 BAE Systems Detica: recent announcements and strategic initiatives
8.1.48 BAE Systems Detica: alliances
8.1.49 BAE Systems Detica: recent contract wins
8.1.50 BAE Systems Detica: financial analysis
8.1.51 Dynamic Research Corporation: overview
8.1.52 Dynamic Research Corporation: products and services
8.1.53 Dynamic Research Corporation: recent announcements and strategic initiatives
8.1.54 Dynamic Research Corporation: alliances
8.1.55 Dynamic Research Corporation: recent contract wins
8.1.56 Dynamic Research Corporation: financial analysis
8.1.57 Cassidian: overview
8.1.58 Cassidian: products and services
8.1.59 Cassidian: recent announcements and strategic initiatives
8.1.60 Cassidian: alliances
8.1.61 Cassidian: recent contract wins
8.1.62 Raytheon: Overview
8.1.63 Raytheon: products and services
8.1.64 Raytheon: recent announcements and strategic initiatives
8.1.65 Raytheon: alliances
8.1.66 Raytheon: recent contract wins
8.1.67 Raytheon: financial analysis
8.1.68 Thales: overview
8.1.69 Thales: products and services
8.1.70 Thales: recent announcements and strategic initiatives
8.1.71 Thales: alliances
8.1.72 Thales: recent contract wins
8.1.73 Thales: financial analysis
8.1.74 Usmax Corporation: Overview
8.1.75 Usmax Corporation: products and services
8.1.76 Usmax Corporation: recent announcements and strategic initiatives
8.1.77 Usmax Corporation: alliances
8.1.78 Usmax Corporation: recent contract wins
8.1.79 CRGT: overview
8.1.80 CRGT: products and services
8.1.81 CRGT: recent announcements and strategic initiatives
8.1.82 CRGT: alliances
8.1.83 CRGT: recent contract wins
8.1.84 Digital Management Inc: overview
8.1.85 Digital Management Inc: products and services
8.1.86 Digital Management Inc: recent announcements and strategic initiatives
8.1.87 Digital Management Inc: alliances
8.1.88 Digital Management Inc: recent contract wins
8.1.89 KEYW: overview
8.1.90 KEYW: products and services
8.1.91 KEYW: recent announcements and strategic initiatives
8.1.92 KEYW: Alliances
8.1.93 KEYW: Recent Contract Wins
8.1.94 KEYW: financial analysis
8.1.95 Camber Corporation: overview
8.1.96 Camber Corporation: products and services
8.1.97 Camber Corporation: recent announcements and strategic initiatives
8.1.98 Camber Corporation: alliances
8.1.99 Camber Corporation: recent contract wins
8.1.100 Defense Group Inc.: overview
8.1.101 Defense Group Inc.: products and services
8.1.102 Defense Group Inc.: recent announcements and strategic initiatives
8.1.103 Northrop Grumman Corporation: overview
8.1.104 Northrop Grumman Corporation: recent announcements and strategic initiatives
8.1.105 Northrop Grumman Corporation: alliances
8.1.106 Northrop Grumman Corporation: recent contract wins
8.1.107 Northrop Grumman Corporation: financial analysis
9 Appendix
9.1 Methodology
9.2 Contact us
9.3 About SDI
9.4 Disclaimer
