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Thursday 05 December 2019

*NEW RESEARCH* Cyber Security Market Trends and Forecasts to 2022

Out now is our Cyber Security Market Trends and Forecasts to 2022 report, containing revenue estimates and trend analysis for companies delivering security hardware, software and services to the UK enterprise market over the next four years.

Fundamental changes in the way that organisations prefer to source and pay for ongoing cyber security protection have forced suppliers to adopt a more flexible approach, and subsequent innovation in product and service portfolios is rebalancing the market in favour of cloud hosted and managed service solutions.*NEW RESEARCH* Cyber Security Market Trends and Forecasts to 2022

Spending on cyber security software and services accounted for just over 3% of the total UK enterprise software and IT services (SITS) market in 2018. Yet with a compound annual growth rate (CAGR) of 11.5% forecast between now and 2022 it is one of the fastest growing segments of the entire industry.

Intense competition for customers between technology infrastructure and IT services giants, dedicated cyber security specialists, consultancies, start-ups and systems integrators is helping fuel that momentum, but most suppliers know they cannot protect mission critical data and systems alone. Establishing trusted relationships with end user organisations, each other, cloud service providers, law enforcement agencies and government departments to share and implement threat intelligence and bolster the thin ranks of security professionals is essential if they are to minimise UK organisations’ exposure to damaging cyber attacks and data loss.

This anchor report – one of three key components within our SecureConnectViews research stream – includes revenue forecast and segmentation data for the UK enterprise cyber security market to 2022 combined with detailed analysis of the trends that impacted suppliers and end users over the last 12 months and their implications for the future.

SecureConnectViews clients can read the research here: Cyber Security Market Trends and Forecasts to 2022. If you are not yet a SecureConnectViews subscriber but would like to learn more about getting access, please contact Deb Seth to find out more.

Posted by: Martin Courtney

Tags: markettrends   forecasts   revenue   cybersecurity  

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