Cyber security market to grow at a CAGR of 11.3%

Press Release   •   Jul 05, 2012 16:21 BST

In 2011 the cyber security market was valued at $63.7 billion, and by 2017 market value is expected to grow to about $120.1 billion. It is expected to have a healthy CAGR of 11.3% from 2012 to 2017.

North America, Western Europe, and APAC regions are emerging markets, whereas Latin America, Middle East & Africa, and Eastern Europe regions are considered as high growth markets.

In 2011, North America accounted for about 40.1% of the global revenue, and is expected to grow at a CAGR of 9.2% through to 2017. Western Europe and APAC are estimated to contribute $28.1 billion and $25.9 billion, respectively, by 2017; at a CAGR of 10.1% and 13.4%.

The growing number of attacks within the cyber security market has become, in President Obama's words, "one of the most serious economic and national security threats America faces."

The cyber security market is projected to be among the fastest growing segments of the information technology sector in the next 3 to 5 years, with significant potential investments from companies to secure their computing environment.

Cyber security providers offer systematic methods to guarantee vulnerabilities and threats are blocked at each layer through application of industry compliant security products and services.

For more information on the cyber security market, see the latest research: Cyber Security Market Report

Follow us on Twitter @CandMResearch issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.