A $172.5 Billion Global Opportunity for Internet Security by 2026 - New Research from StrategyR
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet Security - Global Market Trajectory & Analytics" .
SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ --
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet Security - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: May 2021
Executive Pool: 30314
Companies: 53 - Players covered include Blackstratus; Check Point Software Technologies Ltd.; Cisco Systems, Inc.; CYREN Ltd.; Fortinet, Inc.; F-Secure Corporation; Gemalto NV; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Intel Corporation; Kaspersky Lab; Microsoft Corporation; Palo Alto Networks, Inc.; Rsa Security LLC; Sophos Ltd.; Symantec Corporation; Trend Micro, Inc.; Trustwave Holdings, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Government, BFSI, Manufacturing, Information Communication & Technology (ICT), Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Internet Security Market to Reach $172.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet Security estimated at US$110 Billion in the year 2020, is projected to reach a revised size of US$172.5 Billion by 2026, growing at a CAGR of 7.6% over the analysis period. Government, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$68.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the BFSI segment is readjusted to a revised 8.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $35.8 Billion in 2021, While China is Forecast to Reach $30.2 Billion by 2026
The Internet Security market in the U.S. is estimated at US$35.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.2 Billion by the year 2026 trailing a CAGR of 7.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
Manufacturing Segment to Reach US$30 Billion by the year 2026
In the global Manufacturing segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.9 Billion in the year 2020 will reach a projected size of US$25.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
