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July 2018
IT Security
Sectorwatch
The global cybersecurity market is extremely competitive, due to the players in the market that are poised to see growth owing to an increased cyber threat landscape. The cybersecurity market is one of the highest growing markets in the IT services domain which produces a substantial amount of economic opportunities. Increasing risks such as hacking, piracy and virus deployment are multiplying the demand for IT security services. The growing demand for cybersecurity products and services are also expected to open up new opportunities.
Industry Trends:
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants
