Global Cyber Security Overview | TechSci Research
1 like•206 views
The document provides a comprehensive overview of the global cybersecurity landscape, highlighting the rise in data breaches, with healthcare and business sectors being the most affected. It outlines market segmentation, major players, and anticipated growth in various sectors like BFSI, IT, and healthcare, driven by advanced technologies such as AI and blockchain. Additionally, it discusses trends and challenges facing cybersecurity, including state-sponsored attacks and the emergence of quantum computing as a significant threat.
Global Cyber Security Overview | TechSci Research
- 2. 2 662.00 421.00 471.00 514.00 783.00 781.00 16.20 22.90 17.50 92.00 85.61 169.07 0 50 100 150 200 0 500 1000 2010 2011 2012 2013 2014 2015 Data Breaches Records Exposed (Million) Global Number of Data Breaches and Records Exposed Business 39.95% Healthcare 35.47% Banking 9.09% Government 8.07% Education 7.43% Global Percent Share of Data Breaches, By End User Sector, 2015 US China Germany Britain Brazil Spain Italy Countries with Highest Cybercrime Rates Source: Identity Theft Resource Centre Source: Identity Theft Resource Centre Regional Cybersecurity Market Snapshot North America Largest Regional Share 44%. APAC 11% (CAGR) Fastest Growing Region MEA (6% Revenue share) Rapid Cloud Adoption Driving the Market of Cybersecurity Tech Savvy Business and Digitized Economy Well Established Cloud, IoT and Enterprise Mobility Markets Increasing Technology, Internet and Smartphone Penetration Oil Rich Economy Digitization Plans by Government North America Europe APAC MEA Overview of Cybersecurity Spear Phishing Ransomware Attacks Web-based Attacks Malware ❑ Network Security ❑ Data Security ❑ Endpoint Security ❑ Cloud Security ❑ Wireless Security ❑ Data Loss Prevention Common Types of Cyberattacks Cybersecurity – Market Overview • According to International Telecommunication Union (ITU), cyber security can be defined as the collection of tools, policies, security concepts, security safeguards, guidelines, risk management approaches, actions, training, best practices, assurance and technologies that can be used to protect cyber environment and organization’s and user’s assets South America Brazil is paving the path for Cybersecurity market in this region. Presence of all Leading players
- 3. 2 Cybersecurity – Segmentation Use Cases by Major End User Sectors expected to Drive Cybersecurity Market (CAGR mentioned is for 2018 – 2023) BFSI CAGR~12.5% IT & Telecom CAGR~9% Government CAGR~8% Healthcare CAGR~13% Others* Mobile and E-Governance Centralized Information Management & Storage Regulatory & Compliance Management Identity Access Management Vulnerability Management Risk Prediction & Mitigation Unified Endpoint Management Patient Privacy Protection Data Leak Prevention IPS/IDS Cloud Secured Mobile Diagnosis Physical Security IT & Network Infrastructure Management Legal & Regulatory Compliance Education -Mobile Education Defense - Border Management Advanced Threat Investigation Manufacturing- Remote Monitoring Large Enterprises , 25.00% SMEs & Start Ups, 75.00% Leading Players are, 1. Intel 2. Check Point 3. Cisco 4. Palo Alto 5. Fortinet 6. RSA Security 7. Trend Micro 8. FireEye 9. Thales Company Market Share Segmentation, 2017 Revenue Size Large enterprises are acquiring the smaller companies in order to make their presence in the market, with which it is expected that the market share for SMEs & Start Ups will decline during the forecast period.
- 4. 2 Cybersecurity – Segmentation Segmentation of Security Type, 2017 (Revenue Size) 35.00% 18.00% 15.00% 14.00% 11.00% 7.00% 2017 Network Security Content Security End Point Security Wireless Security Application Security Cloud Security With the introduction of GDPR it is expected that the market will grow in double digits during the forecast period.
- 5. 2 Cybersecurity –Trends & Challenges Artificial Intelligence (AI) Powered Cybersecurity Fusion of AI (Machine Learning (ML)) in cybersecurity offers an intelligent platform, embedded with not just analytical and predictive capabilities, but also risk assessment, vulnerability management and threat detection capabilities, thereby boosting the demand for ‘smart cybersecurity’ solutions, globally. Companies like Apple, Cisco, IBM, etc., have been leading the race. Rise of Cyber Risk Insurance With increasing incidences of data breaches and cybercrimes, adoption of cyber risk assurance has also gone up. The insurance, which is also referred as Cyber Liability Insurance Coverage (CLIC), helps organizations to recover the cost involved in the security or breach incident. This is going to experience a double digit growth rate. Emergence of Quantum Cryptography Quantum cryptography is more reliable when compared to classical methods of encryptions. In quantum cryptography the data cannot be copied or read, eavesdropping is intently realized and is estimated to become the most secure channel for communication. With increasing intensity of cyber attacks, it is expected that in nearing future Quantum Cryptography will help in data encryption and its security. Blockchain to Boost Cybersecurity Market A distributed ledger technology that is revolutionizing the cybersecurity market. Blockchain is immutable, meaning something that cannot be changed or manipulated over time. Thus, in the context of blockchain, once data (transaction’s information) has been written on a blockchain, it enters in the distributed ledger, and there can be no alterations, not even by the system administrator. Also, there is a time stamp on every transaction which is fed to the blockchain, which the process of auditing. Demand for Cloud Security to Skyrocket Demand for cloud security is likely to grow at the fastest pace in India cybersecurity market till 2023, majorly due to the Digital India momentum initiated by the government coupled with increasing adoption of SMAC technologies. Growing IoT Network The Hackers are Getting Smarter from Data Theft to Data Manipulation Rise of State Sponsored Attacks Quantum Computers Market Challenges With the growing IoT network and the launch of IPV6 (Internet Protocol version 6) The IPV6 uses a 128-bit address, which can provide 7.9×1028 times more IP address as compared to the existing IPv4. Increasing end nodes, has been pushing the IoT ecosystem & it also poses a potential threat, as they became a vanilla target for the hackers. AI technology was majorly seen as a tool for human augmentation, but in the wrong hands it can be deadlier than nuclear weapons. With increase in cybersecurity measures, hackers are finding new ways to counter and step up their game in order to successfully execute cyberattacks. These types of attacks are sponsored by government and are specifically tailored for disrupting the function of government by meddling with voters mindset. This takes targeting to a whole new level, instead of pushing products by targeting the consumer, state sponsored cyber attacks leverages this concept to incept malicious ideas and brainwash the voters by showing content that appeals to emotional quotient of the voters. Quantum computers are 3,600 times faster than a supercomputer and approximately 100 million times than a personnel computer. They can beat classical encryption in a matter of seconds. This is by far the greatest emerging threat in terms of cybersecurity. Market Trends
- 6. Thank - You