Ongoing technological advancements and rapid adoption of cloud-based platforms in enterprises are expected to drive the demand of the United Kingdom cyber security market throughout the forecast period.
According to TechSci Research report, “United Kingdom Cyber Security Market By Security Type (Network Security, Endpoint Security, Cloud Security, Application Security, Content Security and Others), By Solution Type (Firewall, Antivirus & Antimalware, Risk & Compliance Management, Identity & Access Management, Data Loss Prevention, Intrusion Detection/Prevention System, Encryption & Decryption, Secure Web Gateways, Email Filtering, Others), By Deployment Mode (On-Premise and Cloud), By End-User Industry (BFSI, IT & Telecom, Defense, Energy & Power, Retail, Healthcare & Others), By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom commercial is expected to grow with a single-digit CAGR in the forecast period. The surge in phishing and malware threats among organizations and the ongoing trend of bringing your own device and adoption of internet of things technology, and ongoing advancements in the cybersecurity market are the key factors driving the growth of the United Kingdom cyber security market. Also, the rise in the adoption of mobile-based applications and platforms is bolstering the need for strong authentication methods is expected to offer numerous growth opportunities for the market in the forecast period.
However, budget constraints of small and medium enterprises prevent them from making heavy investments in advanced cybersecurity solutions, which may restrain the market growth through the next five years.
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United Kingdom cyber security market is segmented into security type, solution type, deployment mode, end-user industry, regional distribution, and company.
Based on security type, the market is divided into network security, endpoint security, cloud security, application security, content security, and others. The network security segment is expected to capture the largest market share in the forecast period owing to the need to protect the network from unwanted access.
Based on solution type, the market is divided into the firewall, antivirus & antimalware, risk & compliance management, identity & access management, data loss prevention, intrusion detection/prevention system, encryption & decryption, secure web gateways, email filtering, and others. Identity & access management is expected to account for significant market share in the forecast period due to the growing importance of employee tracking solutions in organizations and special access to employees for specific applications. Organizations actively seek identity and access management solutions to meet compliance requirements and track different user-related security incidents. Growing investments and focus to strengthen the IT infrastructure in enterprises are expected to boost the United Kingdom cyber security market growth for the next five years.
Based on deployment mode, the market is bifurcated into on-premise and cloud. The on-premise cybersecurity model is expected to hold the dominant market share in the forecast period as it provides enhanced control to organizations to have more control over the cybersecurity solutions such as next-generation firewall detection systems.
Based on the end-user industry, the market is divided into BFSI, IT & telecom, defense, energy & power, retail, healthcare & others. The retail industry is expected to account for a significant market share in the forecast period due to an increase in the tech-savvy youth population in the country. The rise in the market players in the retail industry and the growing proliferation of smart devices among consumers is accelerating the number of consumers using online platforms to buy products of their use. Consumers enter personal and financial information on these platforms, which is at risk of exposure. With the growing cyber-attack threat and gaining customer trust, retail companies actively adopt advanced cybersecurity solutions.
Major market players operating in the United Kingdom cyber security market are:
- Broadcom Limited UK
- Palo Alto Networks
- Mcafee, LLC
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Fortinet Inc.
- BAE Systems Inc.
- Check Point Software Technologies Ltd.
- Trend Micro Incorporated (UK)
- International Business Machine Corporation UK
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“United Kingdom is emerging as a cyber superpower through the adoption of cutting-edge technologies which is pushing the adoption of cybersecurity solutions across various enterprises. Implementation of National Cyber Strategy by the government with an aim to make the United Kingdom continues to lead the cybersecurity market through 2030 is expected to influence the market growth. The government promotes collaboration and knowledge sharing across industries and educational institutions through the UK Cyber Cluster Collaboration (UKC3) program. Increased government focus and investments and growing awareness about the benefits of adopting cybersecurity solutions in enterprises and individuals are expected to propel the growth of the United Kingdom cybersecurity market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“United Kingdom Cyber Security Market By Security Type (Network Security, Endpoint Security, Cloud Security, Application Security, Content Security and Others), By Solution Type (Firewall, Antivirus & Antimalware, Risk & Compliance Management, Identity & Access Management, Data Loss Prevention, Intrusion Detection/Prevention System, Encryption & Decryption, Secure Web Gateways, Email Filtering, Others), By Deployment Mode (On-Premise and Cloud), By End-User Industry (BFSI, IT & Telecom, Defense, Energy & Power, Retail, Healthcare & Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United Kingdom cyber security market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United Kingdom cyber security market.
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