Antivirus Software Market Demand, Future Trend And Recent Development By Forecast 2027

  Summary:

A new study title “Antivirus Software market size, status and forecast 2027” has been featured on market research future.

Market Analysis

Market Research Future (MRFR) estimates the global antivirus software market to expand at a 10.8% CAGR from 2020-2026 (assessment period).

 

Emergence of Innovative Viruses and Cyber-Attacks 

The antivirus software industry is quickly expanding, owing mostly to an increase in the number of organizations and the threat of cyber-attacks. Innovative viruses and cyber-attacks developed by hackers, such as malware, ransomware, phishing, Trojans, and others, generate significant market demand. Furthermore, the growing use of smartphones and the necessity to protect the cyber terrain from significant threats drive uptake of paid antivirus software.

Every malicious piece of such attacks is hosted on normal services, making it more difficult for defenders to detect via network signals. The growing usage of cloud-based services for storing confidential and private data, as well as the expanding use of smart, connected devices such as laptops and smartphones, introduces cyber vulnerabilities such as data breaches, which frequently result in major financial losses.

 

COVID-19 Impact on the Worldwide Market

The COVID 19 pandemic has had a significant impact on the expansion of the antivirus software market. During the COVID 19 period, there has been a notable surge in cyber breach cases. According to the Cybersecurity and Infrastructure Security Agency (CISA), cyber fraud activities surged by about 20% in the first quarter of the fiscal year 2020. CISA further stated that an estimated USD 3.5 billion was lost in cybercrime alone in 2019.

The coronavirus lockdown resulted in massive financial losses across industries and the closure of various manufacturing facilities throughout the world, putting a halt to production, but the antivirus software market has grown even more. Based on the pattern during the COVID-19 crisis, when individuals are still maintaining social distancing and working from home, the antivirus software industry is expected to increase steadily.

Innovative antivirus solutions have been extremely crucial in the recent COVID 19 crises to enable live streaming, e-learning, and other activities throughout the day as everyone works from home. Furthermore, the continuous advantages of antivirus technology in extending a WiFi footprint to suit the increased demand for internet access throughout the home drive market growth. This scenario is expected to improve the market's growth rate during the projected period (2020 – 2027).

 

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Market Segmentation

The global antivirus software market has been segmented into types and applications.

By type, the global antivirus software market has been segmented into PC and Phones/Pad.

By application, the global antivirus software market has been segmented into enterprises, individuals and government. 

 

Regional Analysis

North America to Dominate the Global Market

During the forecast period, North America is expected to lead the worldwide antivirus software market. The increasing advancements in digital technology and the high disposable incomes of demographics are attributable to market expansion. Furthermore, the increasing use of BYOD policy in most enterprises, as well as rising cybercrime in the region, boost the market share of antivirus software.

The use of cloud technology and antivirus software, as well as different acquisitions, partnerships, and collaborations among regional players drive market expansion. The United States dominates the regional market, accounting for a sizable market share, owing to the presence of prominent technology providers such as NortonLifeLock Inc., Malwarebytes, and Webroot. The antivirus market in the United States is predicted to increase significantly during the study period, with the same growth trends continuing.

 

Key Players

Notable players in the global market are Symantec Corporation (US), ESET, S RO (Slovakia), Mcafee LLC (US), Bitdefender (Romania), Trend Micro Incorporated (Japan), Kaspersky Lab (Russia), Avast Software SRO (Czech Republic), F-Secure (Finland), Fortinet Inc. (US), Data Cyberdefense AG (Nordrhein-Westfalen), Beijing Qihu Keji Co. Ltd. (China), Avira Operations GMBH & CO. KG. (Germany), Tencent (China), Comodo Security Solutions Inc. (US), AHNLAB INC. (South Korea), Microsoft Corporation (US), Cheetah Mobile Inc. (China), Beijing Rising Information Technology CO. LTD.(China), Quick Heal Technologies Limited (India).

 

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

 

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