NEW CASTLE, Delaware, May 09, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Consumer Cybersecurity Software Market by Offering (Application Security, Network Security, Identity Theft Protection, Infrastructure Protection Software, Password Management Software, and Others), Deployment Mode (On-premise and Cloud), and Device Type (PC/Laptop Security Software, Smartphone Security Apps, Tablet Security Software, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the consumer cybersecurity software industry generated $7.8 billion in 2022, and is anticipated to generate $20.2 billion by 2032, witnessing a CAGR of 10.1% from 2023 to 2032.
Prime Determinants of Growth
The key factors positively affecting the consumer cybersecurity software market include rise in the number of sophisticated cyberattacks and extensive adoption and deployments of digital technologies. However, high costs associated with consumer cybersecurity software solutions, and lack of skilled professionals, and technical complexities in the deployment of security solutions hinder the market growth. However, favorable government initiatives and investments to strengthen security infrastructure and growing demand for cybersecurity services offer lucrative growth opportunities for market players.
Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A18442
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $7.8 Billion |
| Market Size in 2032 | $20.2 Billion |
| CAGR | 10.1% |
| Segments covered | Offering, Deployment Mode, Device Type and Region. |
| Drivers | Rise in number of sophisticated cyberattacks Extensive adoption and deployments of digital technologies |
| Opportunities | Favorable government initiatives and investments to strengthen security infrastructure Growing demand for cybersecurity services |
| Restraints | High costs associated with consumer cybersecurity software solutions Lack of skilled professionals, and technical complexities in the deployment of security |
Buy this Complete Report (350 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/consumer-cybersecurity-software-market/purchase-options
The antivirus software segment to maintain its leadership status during the forecast period
By offering, the antivirus software segment held the highest market share in 2022, accounting for more than two-thirds of the consumer cybersecurity software market revenue and is estimated to maintain its leadership status during the forecast period. This is attributed to the growing need for a high level of personalization, one of the primary reasons enterprises are increasing their investment in the consumer cybersecurity software market. However, the other segment is expected to attain the largest CAGR of 13.5% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. There is increase in demand for specific protection solutions for each type of connected device due to increase in variety of these electronics devices.
The on-premises segment to maintain its lead position during the forecast period
By deployment mode, the on-premises segment accounted for the largest share in 2022, contributing for more than three-fifths of the consumer cybersecurity software market revenue, owing to rise in demand for consumer cybersecurity software for cloud-based services, which is fueling the market growth for the global market in enterprises. However, the cloud segment is expected to attain the largest CAGR of 11.4% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. The growing trend of remote work often involves the use of cloud-based applications and services, which is expected to propel the cloud segment growth in the global market during forecast period.
The smartphone security apps segment to maintain its lead position during the forecast period
By device type, the smartphone security apps segment accounted for the largest share in 2022, contributing to more than one-fourth of the consumer cybersecurity software market revenue, owing to increase in the adoption of security solutions in smartphone applications has led to the development of completely advanced programs that adhere to the maintenance of security systems, which further contribute the global market growth in this sector. However, the tablet security software segment is expected to attain the largest CAGR of 13.8% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various security benefits to tablet users.
North America region to maintain its dominance by 2032
By region, the North America segment held the highest market share in terms of revenue in 2022, accounting for more than one-third of the consumer cybersecurity software market revenue. increase in the usage of consumer cybersecurity software in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the MEA segment is projected to attain the highest CAGR of 15.5% from 2023 to 2032. Countries such as Saudi Arabia, South Africa and UAE are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, further expected to contribute to the growth of the market in this region.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A18442
Leading Market Players: -
- AVG Technologies
- Cisco System, Inc.
- CyberArk Software Ltd.
- Fortinet, Inc.
- IBM Corporation
- Juniper Networks, Inc.
- Microsoft Corporation
- Sophos Ltd.
- Symantec Corporation
- Trend Micro Incorporated
The report provides a detailed analysis of these key players in the consumer cybersecurity software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
