What is Cyber Security Solutions for SMBs?
Cyber security solutions are technological tools and services that help protect SMBs against cyber attacks. As SMBs are connected to both customers and larger enterprises and governmental organizations, they now become a compelling target for cybercriminals. The rise in demand for SMBs cybersecurity is expected to push the growth of the global market. The global SMBs cybersecurity market is prognosticated to gain impetus due to the rising incidence of cybercrimes across discrete and process management industries. The expansion of the global Cyber Security Solutions for SMBs market could be a result of the increase in internet penetration in different parts of the world.
|Unit||Value (USD Million)|
|Key Companies Profiled||International Business Machines (IBM) Corporation (United States), Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Schneider Electric (France), Rockwell Automation, Inc. (United States), Dell Inc. (United States), McAfee, LLC (United States), Dell (United States) and Siemens AG (Germany)|
The market study is broken down by Type (Cloud Solutions, Managed Solutions and Cyber Insurance), by Application (Small Businesses and Medium Businesses) and major geographies with country level break-up.
Global Cyber Security Solutions for SMBs is a fragmented market due to the presence of various players. The players are focusing on investing more in launching solutions. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
International Business Machines (IBM) Corporation (United States), Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Schneider Electric (France), Rockwell Automation, Inc. (United States), Dell Inc. (United States), McAfee, LLC (United States), Dell (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Cyber Security Solutions for SMBs market by Type, Application and Region.
On the basis of geography, the market of Cyber Security Solutions for SMBs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Anti-malware will boost the Cyber Security Solutions for SMBs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security Type, the sub-segment i.e. Protection will boost the Cyber Security Solutions for SMBs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 2nd November 2021, IBM announced an expansion of its cybersecurity threat detection and response capabilities with the acquisition of ReaQta. This will expand IBMís abilities in the extended detection and response market, aligning with IBMís strategy to deliver security with an open approach that extends over disparate tools, data, and hybrid cloud environments.
On 23rd February 2022, IBM opened a new cyber security hub in India to help enterprises in Asia-Pacific guard against cyber-attacks. It will provide 24/7 security response services to clients and is staffed by IBM-managed security service experts who are part of the global network that manages more than two million endpoints and 150 billion potential security events on a daily basis.
The European Unionís (EU) General Data Protection Regulation (GDPR) requires people to collect, store and manage the PII of EU citizens in a specific way. To follow the GDPR in this area, people must have enterprise-grade hosting for their data i.e. an industry best practice.
- Technological Advancement with Growing in the Number of Connected Devices
- Increasing Adoption of IoT in Industrial Control Systems
- High Adoption of Cybersecurity Solutions among SMBs as they become a Compelling Target for Cybercriminals due to SMBs connected to Both Customers and Larger Enterprises and Governmental Organizations
- Rapidly Growing Cyber Attacks on Small and Medium Business Sector
- Concerns Related to the Finding Affordable Cyber Security Solutions among SMBs
- Strict Regulatory Compliances on the SMBs to use the Cybersecurity Solutions
Key Target Audience
Cyber Security Solutions for SMBs Providers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.