Sri Lanka Cyber Security Market (2022-2028) | Trends, Value, Revenue, Forecast, Analysis, Outlook, Growth, Industry, Size, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Product Type (Solutions (Identity & Access Management, Threat Detection & Prevention, DDoS & Mitigation, IDS, Security Information & Event Management And Others) And Services), By End-User Industry (Aerospace & Defense, Healthcare, Manufacturing, Retail, Utility, IT & Telecom And Others), By Deployment (On-Premise And Cloud) And Competitive Landscape

Product Code: ETC037360 Publication Date: Dec 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Sri Lanka Cyber Security Market Synopsis

Sri Lanka Cyber Security Market is projected to proliferate at a CAGR of XX% during the forecast period. The major growth factors for the market are the increasing awareness about cyber threats, increasing number of internet users, rising number of online transactions stringent government regulations, and the growing adoption of cloud-based solutions. However, the lack of awareness among businesses and individuals about cyber security threats is plunging the growth of Sri Lanka Cyber Security Market in forthcoming years. In addition, the inadequate technical proficiency and dearth of highly trained personnel are some of the challenges faced by the market players. The swashbuckling growth of globalization and digitalization lead to the surging need for better cyber security. The outlook for Sri Lanka Cyber Security Industry seems promising by growing internet users. Further, the cyber security threats are also expected to upsurge in the coming time frame which will further proliferate the demand for better cyber security solutions during the forecast period.

According to 6Wresearch, Sri Lanka Cyber Security Market is expected to grow during 2022-2028. The favourable initiatives by government to promote digitalization and the increasing number of internet users are the major drivers for the growth of the Sri Lanka Cyber Security Market in the imminent years. The rising awareness about cyber threats and data breaches are further propelling the demand for this market owing to the growing need for securing important data. However, the lack of skilled personnel is restraining the growth of this market to some extent. Notwithstanding, government is encouraging businesses to move towards a digital economy. This changeover is resulting in an increase in the use of digital technologies and online services which is further propelling the cyber security market in Sri Lanka. With the growing number of cyber-attacks, there is an increasing concern over data security. Therefore, businesses are heavily investing in cyber security solutions to protect their data from unauthorized access and theft.

Impact of COVID-19 on Sri Lanka Cyber Security Market

The COVID-19 pandemic is expected to have a positive impact on the Sri Lanka Cyber Security Market growth as organizations invested heavily in securing their remote workforce and data. The government has also contributed in boosting the country’s digital infrastructure to create opportunities for the growth of the Sri Lanka Cyber Security Market during the forecast period.

Market analysis based on End-User Industry

By End-User Industry, the market is categorized into Aerospace & Defense, Healthcare, Manufacturing, Retail, Utility, IT & Telecom, and Others. The Retail industry is expected to boost the market growth potential and is projected to lead the Sri Lanka Cyber Security Market share over the forecast period backed by the immense deployment of e-commerce platforms.

Competitive Landscape

The Sri Lanka Cyber Security Market is a highly competitive with a large number of international key players. These companies have a strong presence in the market and offer a wide range of products and services to meet the needs of businesses of all sizes. Many players have a strong foothold in the market due to their advanced product offerings and wide geographical presence. However, the market is also fragmented with the presence of many small and medium sized players.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Sri Lanka Cyber security Market Overview
  • Sri Lanka Cyber security Market Outlook
  • Sri Lanka Cyber security Market Forecast
  • Historical Data of Sri Lanka Cyber security Market Revenues for the Period 2018-2021
  • Sri Lanka Cyber security Market Size and Sri Lanka Cyber security Market Forecast of Revenues, Until 2028
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Product, for the Period 2018-2021
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Product, Until 2028
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Deployment Mode, for the Period 2018-2021
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Deployment Mode, Until 2028
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Regions, for the Period 2018-2021
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Regions, Until 2028
  • Market Drivers and Restraints
  • Sri Lanka Cyber security Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Sri Lanka Cyber security Market Share, By Players
  • Sri Lanka Cyber security Market Share, By Regions
  • Sri Lanka Cyber security Market Overview on Competitive Benchmarking

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Solutions
    • Identity & Access Management
    • Threat Detection & Prevention
    • DDoS & Mitigation
    • IDS
    • Security Information & Event Management And Others
  • Services

By End-User Industry

  • Aerospace & Defense
  • Healthcare
  • Manufacturing
  • Retail
  • Utility
  • IT & Telecom
  • Others

By Deployment

  • On-Premise
  • Cloud
Frequently Asked Questions About the Market Study: FAQs

1. Based on Deployment, the market is segmented into?

Based on Deployment, the market includes Cloud and On-Premise.

2. Which are the major growth aspects for the market?

The government initiatives to promote digitalization and the increasing number of internet users are the major aspects for the market growth.

3. What are the major constraints in the growth of Sri Lanka Cyber Security Market?

Lack of awareness among individuals about cyber security threats and insufficient technical expertise are the major constraints in the growth of this market.

4. What is the future outlook of the market?

The future outlook of the market is promising and the market is expected to grow at a CAGR of XX% in the coming years owing to the increasing number of internet users and government organizations in the country.

1.  Executive Summary

2.  Introduction

2.1. Report Description

2.2. Key Highlights

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3.  Sri Lanka Cyber Security Market Overview

3.1.  Sri Lanka Cyber Security Market Revenues, 2018-2028F

3.2.  Sri Lanka Cyber Security Market Revenue Share, By Product Type, 2021 & 2028F

3.3.  Sri Lanka Cyber Security Market Revenue Share, By End-user Industry, 2021 & 2028F

3.4.  Sri Lanka Cyber Security Market Revenue Share, By Deployment Mode, 2021 & 2028F

3.5.  Sri Lanka Cyber Security Market Revenue Share, By Countries, 2021 & 2028F

3.6.  Sri Lanka Cyber Security Market Industry Life Cycle

3.7.  Sri Lanka Cyber Security Market- Porter’s Five Forces

4.  Sri Lanka Cyber Security Market Dynamics

4.1.  Impact Analysis

4.2.  Market Drivers

4.3.  Market Restraints

5.  Sri Lanka Cyber Security Market Trends

6.  Sri Lanka Cyber Security Market Overview, By Product Type

6.1.  Sri Lanka Cyber Security Market Revenues, By Solutions, 2018-2028F

6.1.1. Sri Lanka Cyber Security Market Revenues, By Identity & Access Management, 2018-2028F

6.1.2.  Sri Lanka Cyber Security Market Revenues, By Threat Detection & Prevention, 2018-2028F

6.1.3.  Sri Lanka Cyber Security Market Revenues, By DDoS & Mitigation, 2018-2028F

6.1.4.  Sri Lanka Cyber Security Market Revenues, By IDS, 2018-2028F

6.1.5.  Sri Lanka Cyber Security Market Revenues, By Security Information & Event Management, 2018-2028F

6.1.6.  Sri Lanka Cyber Security Market Revenues, By Others, 2018-2028F

6.2.  Sri Lanka Cyber Security Market Revenues, By Services, 2018-2028F

7.  Sri Lanka Cyber Security Market Overview, By End-user Industry

7.1.  Sri Lanka Cyber Security Market Revenues, By Retail, 2018-2028F

7.2.  Sri Lanka Cyber Security Market Revenues, By Aerospace & Defense, 2018-2028F

7.3.  Sri Lanka Cyber Security Market Revenues, By Healthcare, 2018-2028F

7.4.  Sri Lanka Cyber Security Market Revenues, By IT & Telecom, 2018-2028F

7.5.  Sri Lanka Cyber Security Market Revenues, By Utility, 2018-2028F

7.6.  Sri Lanka Cyber Security Market Revenues, By Manufacturing, 2018-2028F

7.7.  Sri Lanka Cyber Security Market Revenues, By Others, 2018-2028F

8.  Sri Lanka Cyber Security Market Overview, By Deployment Mode

8.1.  Sri Lanka Cyber Security Market Revenues, By On-premises, 2018-2028F

8.2.  Sri Lanka Cyber Security Market Revenues, By Cloud, 2018-2028F

9. Sri Lanka Cyber Security Market Competitive Landscape

9.1. Sri Lanka Cyber Security Market, By Companies, 2021

10.  Company Profiles

11.  Key Strategic Recommendations

 

Market Forecast By Product Type (Solutions (Identity & Access Management, Threat Detection & Prevention, DDoS & Mitigation, IDS, Security Information & Event Management And Others) And Services), By End-User Industry (Aerospace & Defense, Healthcare, Manufacturing, Retail, Utility, IT & Telecom And Others), By Deployment (On-Premise And Cloud) And Competitive Landscape

Product Code: ETC037360 Publication Date: Jan 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Sri Lanka cyber security market is anticipated to witness significant growth in the coming time zone backed by an increase in the growth of the modern industrial landscape which is leading to a rise in the automated technology underpinned by massive software and internet technology use and is expected to be of great importance for shaping the industrial landscape of the cyber industry. Additionally, a rise in the growth of the digital platforms backed by the rapid growth of the digital and technical aid, there is a need for technical aid over the digital platform to safeguard the data and software-indulged industrial work and is expected to benefit the Sri Lanka cyber security market to seek growth in the coming time zone. Further, the market is anticipated to register significant revenue growth in the coming time zone underpinned by deeper penetration of digitalization in the developing and developed economies across the region. The era of digitalization has posed bountiful opportunities on the face of the technological up gradation and advancement adoption across various industrial applications and as a result is leading to the exposure of the digital platforms towards digital threat which is posing great need for security to be followed for the long-term success of digital busines platforms and is expected to be a catalyst in the overall market growth of the Sri Lanka cyber security market in the forthcoming years.

According to 6Wresearch, the Sri Lanka Cyber Security Market size is anticipated to register growth during 2020-26. The outbreak of the global COVID-19 pandemic has no doubt, led to disruptions in the economy globally and has impacted various sectors globally also. The industrial sector has been highly impacted as a result of disruptions in the production cycle as a result of nationwide lockdown imposed over in the developed and developing economies across the world, as the Regions ramp up to win the bid to combat the spread of the novel coronavirus. The advent of the digital world has led to an increase in the demand for data and as a result has imposed pressure on the installation of superior software-based security infrastructure to align the supply chain with the rising demand in the economy. This is expected to bring in bountiful opportunities for the Sri Lanka cyber security market to witness a spur in the coming year 2021 and is anticipated to leave a positive impact on the overall market growth of the Sri Lanka cyber security market in the next five to ten years.

On the basis of end-user industry segmentation, the retail industry is expected to contribute towards the growth of the cyber security in the coming time frame backed by the massive deployment of e-commerce platforms leading to an immense and vital product-related information being loaded over the web, which requires timely update and security as such data is exposed to customer malware activities and false claims by famous brands to catch the interest of the public for fraudulent means and as a result, may hamper the industrial outlook and goodwill of the top retail brands and this is, hence leading to an increased need for cyber security to safeguard the interest of the consumers and sustain the goodwill of the organization/brand and is expected to be a much vital source of growth for the Sri Lanka cyber security market in the coming years.

The Sri Lanka Cyber security market report thoroughly covers the market by Product, End-user industry, Deployment Mode and key Regions. The Sri Lanka Cyber security market outlook report provides an unbiased and detailed analysis of the on-going Sri Lanka Cyber security market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Sri Lanka Cyber security Market Overview
  • Sri Lanka Cyber security Market Outlook
  • Sri Lanka Cyber security Market Forecast
  • Historical Data of Sri Lanka Cyber security Market Revenues for the Period 2016-2019
  • Sri Lanka Cyber security Market Size and Sri Lanka Cyber security Market Forecast of Revenues, Until 2026
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Product, for the Period 2016-2019
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Product, Until 2026
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Deployment Mode, for the Period 2016-2019
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Deployment Mode, Until 2026
  • Historical Data of Sri Lanka Cyber security Market Revenues, by Regions, for the Period 2016-2019
  • Market Size & Forecast of Sri Lanka Cyber security Market Revenues, by Regions, Until 2026
  • Market Drivers and Restraints
  • Sri Lanka Cyber security Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Sri Lanka Cyber security Market Share, By Players
  • Sri Lanka Cyber security Market Share, By Regions
  • Sri Lanka Cyber security Market Overview on Competitive Benchmarking

Markets Covered

The Sri Lanka Cyber security Market report provides a detailed analysis of the following market segments:

  • By Product type:
    • Solutions
      • Identity & Access Management
      • Threat Detection & Prevention
      • DDoS & Mitigation
      • IDS
      • Security Information & Event Management
      • Others
    • Services

  • By End-user industry:
    • Manufacturing
    • Retail
    • IT & Telecom
    • Aerospace & Defense
    • Healthcare
    • Utility
    • Others    
               
  • By Deployment Mode:
    • On-premises
    • Cloud

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