UK Cyber Security Market Share 2019 Growth Challenges, Opportunities and Future Trends 2025
UK Cyber Security market is growing at a CAGR of around 11.8% during the forecast period. The UK is the third-largest economy after Germany and France in the Europe. The digitalization of banking, Insurance, and business services in the country are the key drivers for the growth of the economy. Along with the high internet penetration rate has been acting as the major motivator of the UK cyber security market.
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The awareness of European
firms is another major driver of the market’s growth. Enterprises are getting
awareness of the cybercrimes and the measures to protect their data and
information from these attacks. A survey conducted by Institute for Criminal
Justice Studies, University of Portsmouth 2016 – 2017 on 1523
business. About 74% of the UK considered cyber security as a high priority to
them, while 31% takes it as of very high priority. Moreover, due to the
severity of these attacks, the proportion for very low reduces to 7% which was
13% in 2016. Additionally, 67% of the business invested in cyber security out
which 87% were medium size firms and 91% the as large firms.
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In UK, the National Cyber
Security Strategy was published which aims for key objectives including defend,
detect and develop. According to strategy, defend aims to have the means to
protect the UK against evolving cyber threats as well as to respond effectively
to incidents. Moreover, it ensures the country’s data, networks and systems are
protected and resilient. While, detect involves understanding, investigating,
and disrupting hostile action taken against of country. Therefore, it is
estimated to augment the demand for cyber security tools in the UK cyber
security market.
UK Cyber Security Market Segmentation
By Type
-
Network Security
-
Application Security
-
Mobile Security
-
Wireless Security
-
Cloud Security
-
Others
By Solutions
-
Risk and Compliance Management
-
Identity and Access Management
-
Data Loss Protection
-
Firewall
-
Unified Threat Management
-
Encryption
-
Antimalware and Antivirus
-
DDOS mitigation
-
Others (Security and Vulnerability Management, and Disaster Recovery)
By Vertical
-
Government
-
Aerospace & Defense
-
BFSI
- Telecommunication
-
Healthcare
-
Retail
-
Others (Manufacturing, and Transportation)
Company Profiles
- AVG
Securities
-
Booz Allen Hamilton
-
Capgemini SE
-
CISCO Corp.
- CSC
Corp.
- Cyberark
Software Ltd.
-
DELL (Secureworks Inc.)
-
Herjavec Group
- IBM
Corp.
-
Intel Corp.
-
Lockheed Martin Corp.
-
Palo Alto Networks
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