Global B2B Cybersecurity Market Research Report Information By Offering, By Security Type, By Deployment Type,By organization Size by Vertical Forecast to 2032
Global B2B Cybersecurity Market Research Report Information By Offering (Solution {Identity, Access Management, Compliance & Policy Management, Firewall, Unified Threat Management (UTM), Encryption & Tokenization, and Antiware & Malware}, and Services), By Security Type (Security Type, Network Security, End Point Security, Email Security, Deception Technology, Application Technology, Wireless Security, and Others), By Deployment Type (On-Cloud and On-Premises),By organization Size {( Freelancers or Micro-Organizations (Upto 5 Users), SME's (5 to 200 Users), and Large Organizations (More than 200 Users)} by Vertical (BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunications, Aerospace & Defense, Government, and Others) Forecast to 2032
Market Overview
The B2B cybersecurity market is anticipated to expand from USD 6,774.4 million in 2023 to USD 22,543.2 million by 2032, with a compound annual growth rate (CAGR) of 14.3% over the forecast period (2023-2032).
The B2B Cybersecurity market is being driven by the following key market drivers: stringent regulatory requirements for data protection compliance, the increasing frequency of cyberattacks on businesses, and B2B Cybersecurity. The convergence of cybersecurity with adjacent domains, including cloud computing, IoT, AI, and blockchain, presents significant opportunities for vendors and service providers to create integrated, comprehensive solutions that improve visibility, automation, and threat detection capabilities. Furthermore, the demand for cloud-native security solutions, identity-centric access controls, and IoT security platforms will persist due to the increasing number of hybrid and multi-cloud environments, remote work models, and IoT devices.
Cloud computing has transformed the manner in which businesses manage and store data, allowing them to access computational resources and applications on-demand via the internet. Rather than relying exclusively on on-premises infrastructure and physical hardware, companies can now utilize cloud platforms to improve agility and streamline operations. This transition to cloud services has enabled businesses to dynamically scale, reduce capital expenditures, and expedite the time-to-market for products and services.
Nevertheless, the attack surface for cyber threats has been widened by the rapid expansion of cloud computing and IoT ecosystems. Each cloud service and connected device represents a potential entry point for malicious actors who are interested in infiltrating networks, stealing sensitive information, or disrupting critical operations. As a result, in this interconnected landscape, B2B organizations are at a higher risk of data intrusions, ransomware attacks, and system vulnerabilities.
Market segment insights
Solution {Identity, Access Management, Compliance & Policy Management, Firewall, Unified Threat Management (UTM), Encryption & Tokenization, and Antiware & Malware}, and Services, comprise the B2B Cybersecurity Market segmentation, as determined by the offerings.
The market segmentation is based on the security category, including Security category, Network Security, End Point Security, Email Security, Deception Technology, Application Technology, Wireless Security, and Others.
The B2B Cybersecurity Market segmentation is categorized into On-Premises and On-Cloud deployment types.
The market segmentation is based on the size of the organization and comprises Freelancers or Micro-Organizations (up to 5 users), SME's (5 to 200 users), and Large Organizations (more than 200 users).
The market segmentation is structured according to industry verticals, including BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunications, Aerospace & Defense, Government, and Others.
Regional Perspectives
In 2022, the B2B cybersecurity market in North America constituted approximately 32% of the market. During the study period, it is anticipated that there will be a substantial increase in the compound annual growth rate (CAGR). The B2B Cybersecurity Market in the North American region is experiencing incremental growth in cyberattacks, which has resulted in a significant share of the global market for this region due to the significant investment in security fortification. This is true for both public and private organizations.
The second-largest market share is attributed to the Asia Pacific market. It is anticipated that the Asia-Pacific cybersecurity industry will experience further expansion as the severity of these attacks increases and government regulations become more stringent. The growing prevalence of cybersecurity solutions is a consequence of the increasing use of the internet in both developed and developing countries.
The Europe B2B Cybersecurity Market is anticipated to experience the most rapid compound annual growth rate (CAGR) between 2022 and 2032. The increasing digitization of Europe is the driving force behind the increasing demand for cybersecurity solutions to protect businesses and governments from malevolent cyber-attacks.
Major Players
Palo Alto Networks, Fortinet, Check Point Software Technologies, CrowdStrike Holdings Inc., Trend Micro Inc., Zscaler, Cloudflare Inc., Rapid7, Darktrace PLC, CyberArk Software Inc., and SentinelOne Inc. are among the key companies in the B2B cybersecurity market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TYPE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING FREQUENCY OF CYBER ATTACKS ON BUSINESSES
4.2.2 STRINGENT REGULATORY REQUIREMENTS FOR DATA PROTECTION COMPLIANCE
4.2.3 GROWING ADOPTION OF CLOUD COMPUTING AND IOT TECHNOLOGIES
4.3 RESTRAINTS
4.3.1 HIGH IMPLEMENTATION COSTS DETER SMALL BUSINESSES
4.3.2 COMPLEX INSTALLATION PROCESSES
4.4 OPPORTUNITY
4.4.1 INTEGRATION OF AI ENHANCES THREAT DETECTION CAPABILITIES
4.4.2 INCREASING USE OF SOCIAL MEDIA FOR BUSINESS PURPOSES
4.5 IMPACT ANALYSIS OF COVID-19
4.5.1 IMPACT ON IT IDNDUSTRY
4.5.2 INCREASING FOCUS TO SECURE REMOTE INFRASTRUCTURE DURING PANDEMIC LOCKDOWN
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 RESEARCH AND DEVELOPMENT (R&D)
5.1.2 HARDWARE AND SOFTWARE COMPONENTS
5.1.3 DISTRIBUTION AND INTEGRATION
5.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
6 GLOBAL B2B CYBERSECURITY MARKET, BY OFFERING
6.1 OVERVIEW
6.2 SOLUTION
6.2.1 IDENTITY ACCESS MANAGEMENT
6.2.2 COMPLIANCE & POLICY MANAGEMENT
6.2.3 FIREWALL
6.2.4 UNIFIED THREAT MANAGEMENT (UTM)
6.2.5 ENCRYPTION & TOKENIZATION
6.2.6 ANTIWARE & MALWARE
6.3 SERVICES
7 GLOBAL B2B CYBERSECURITY MARKET, BY SECURITY TYPE
7.1 OVERVIEW
7.2 NETWORK SECURITY
7.3 END POINT SECURITY
7.4 EMAIL SECURITY
7.5 DECEPTION TECHNOLOGY
7.6 APPLICATION TECHNOLOGY
7.7 WIRELESS SECURITY
7.8 OTHERS
8 GLOBAL B2B CYBERSECURITY MARKET, BY DEPLOYMENT TYPE
8.1 OVERVIEW
8.2 ON-CLOUD
8.3 ON-PREMISES
9 GLOBAL B2B CYBERSECURITY MARKET, BY ORGANIZATION SIZE
9.1 OVERVIEW
9.2 FREELANCERS OR MICRO-ORGANIZATIONS (UPTO 5 USERS)
9.3 SME'S (5 TO 200 USERS)
9.4 LARGE ORGANIZATIONS (MORE THAN 200 USERS)
10 GLOBAL B2B CYBERSECURITY MARKET, BY INDUSTRY VERTICAL
10.1 OVERVIEW
10.2 BFSI
10.3 MANUFACTURING
10.4 HEALTHCARE
10.5 RETAIL
10.6 IT & TELECOMMUNICATIONS
10.7 AEROSPACE & DEFENSE
10.8 GOVERNMENT
10.9 OTHERS
11 GLOBAL B2B CYBERSECURITY MARKET, BY REGION
11.1 GLOBAL
11.2 NORTH AMERICA
11.2.1 US
11.2.2 CANADA
11.2.3 MEXICO
11.3 EUROPE
11.3.1 UK
11.3.2 GERMANY
11.3.3 FRANCE
11.3.4 ITALY
11.3.5 SPAIN
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 CHINA
11.4.2 JAPAN
11.4.3 INDIA
11.4.4 SOUTH KOREA
11.4.5 AUSTRALIA
11.4.6 REST OF ASIA-PACIFIC
11.5 REST OF THE WORLD
11.5.1 MIDDLE EAST & AFRICA
11.5.2 SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1 COMPETITIVE OVERVIEW
12.2 COMPETITIVE BENCHMARKING
12.3 MAJOR PLAYERS IN THE GLOBAL CYBERSECURITY MARKET