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Table of Contents
Exponential growth of internet especially in last two decades has increased information security over the internet. Protection of online data, programs, networks and devices are possible due to Cybersecurity. With rising concerns of online theft, attack and damage resulting into development of more advance technologies, processes, and practices combinedly called as Cybersecurity. Global Cybersecurity Market has shown solid growth since 2018 and estimated to further grow with higher growth rate.
Competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Cybersecurity offering organizations investing massive budget and resources on developing new technologies to offer more secure solutions to clients. Companies all around the globe facing interruption and loss of normal business processes due to cyber-attacks. Major Cybersecurity providers are facing challenge to implement effective cybersecurity measures due to more number of devices than people, also attackers are becoming more innovative.
Rising population, fast growth of industrial and healthcare infrastructure, increasing disposable income are some of the important driving factors of Global Cybersecurity Market. Banking, Financial Services and Insurance (BFSI) is one of the largest sectors and faces high number of Cyberattacks. In recent years this sector have aggressively transformed and leveraged technology to deal with Cyberattacks. With phishing and Distributed denial-of-service (DDoS) attacks primarily in customers online transaction process has immensely damage BFSI sector. Government and Healthcare sector estimated to show high growth rate during forecasted period.
Regional outlook of research study is based on analysis of Cybersecurity Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. North America is market leader with around 35 % of market share followed by Asia Pacific & Europe. North America is expected to show constant demand growth in upcoming years. Asia Pacific is emerging as most lucrative market primarily due to exponential growth in BFSI and IT sector along with massive industrial expansion in the region. Middle East, South America also shown expected to show impressive growth during forecasted period.
Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis have gained significant importance in recent years primarily due to dynamic nature of technology sector. Study consider 2024 as base year while forecast analysis between 2025 to 2031 is based on historical data from 2019 to 2024.
Global Cybersecurity Market: Solutions Type
Global Cybersecurity Market: Application
Global Cybersecurity Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Cybersecurity Market:
Geographical analysis of Global Cybersecurity Market:
Global Cybersecurity Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 212010.44 million |
Forecast Value (2031) |
USD 395090.21 million |
CAGR (2025-2030) |
9.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Cybersecurity Market was valued at around USD 212010.44 million in 2023 & estimated to reach USD 395090.21 million by 2030.
Cybersecurity Market is likely to grow at Compound Annual Growth Rate (CAGR) of 9.3% between 2024 to 2030.
Cybersecurity Market is dominated by the Identity and Access Management (IAM) segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Cybersecurity Market are
Primary driving factors for the growth of the Cybersecurity Market include Rising concerns of online theft, attack and damages hence organizations investing massive budget and resources on developing new technologies to offer more secure solutions.
Yes, the report includes COVID 19 impact on the market.
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