Computer security or cyber security involves protection of computer systems from various theft or damage done to hardware or software along with saving systems from service related disruptions. It includes controlling the physical access to the hardware along with protecting against harm that might come via data and code injection or network access. Many a times, it is also seen that malpractices by operators either intentional or accidental leads to the IT security problems. System becomes susceptible to being tricked into other deviations from secure procedures through different methods. Cyber security that provides protection to systems, networks and data within cyberspace is an extremely important issue for all businesses and its smooth functioning in the long run. This is likely to gain more importance with growth in internet penetration and application. Retail industry is experiencing huge growth along with rising advancements and application of technology that are used for maintaining the demand and supply of customers. This has led to the application of cyber security in retail sector resulting in the growth of retail cyber security market. Segmentation for the global cyber security market has been done on the basis of solutions, security type and geography. Based on solutions, this market has been segmented into risk & compliance management, unified threat management, security and vulnerability management, web filtering, encryption and disaster recovery among others. Network, cloud, application and wireless security among others are the various segmentations for this global market based on security type. 

Global retail cybersecurity market on the basis of geography has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.  

Online retail industry is experiencing immense growth as customers nowadays are opting for faster technological solutions to purchase what they need that has been a major driver for this retail cybersecurity market. Time saving processes along with cost-effectiveness associated with the online retail industry has helped in the rising demand for this market. Along with this, the technological advancement has also lead to the rising chances of cyber-attacks leading to the loss of confidential information of customers that further boosted the demand for retail cyber security globally. Considering these drivers, there are certain factors that has negative impact on the overall market. Some of these factors include the technological risk associated with computer such as virus or malware along with the malpractices done by certain operators that has negatively impacted the global market. Post consideration of all these drivers and restraints, it is the growth of IoT (Internet of things) technology along with the prevention of computer systems from ransomware that is likely to provide opportunities for the growth of this market during the coming years. 

Geographically, it is North America that is expected to dominate the global market followed by Europe. The growth of online retail sector along with rise in application of IoT technology has been some major drivers to push the growth of this market.  Asia Pacific has contributed to be another major region for this market along with accounting one of the fastest growth globally. Some major countries contributing to the growth in this region includes China and India among others. Rise in internet penetration along with growth of online retail sector has been some of the important aspects to have a positive impact on this market. 

Some of the key companies that are operating in the global retail cybersecurity market include Symantec Corporation (The U.S.), IBM Corporation (The U.S.), EMC RSA (The U.S.), Intel Security (The U.S.), Hewlett-Packard Enterprise (The U.S.), Cisco Systems, Inc. (The U.S.), Fireeye, Inc. (The U.S.), Rapid7, Inc. (The U.S.), Trend Micro, Inc. (Japan) and Sophos Ltd. (The U.K.) among others. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Retail Cybersecurity Market