Global Cybersecurity Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global
Cybersecurity Market Industry (2024-2030):
According
to the latest report, the Global Cybersecurity
Market size was valued at around USD 181 billion
in 2023 & is estimated to grow at a CAGR of around 10% during the forecast
period, i.e., 2024-30. The
report demonstrates the prominent factors propelling the exponential growth of
the Global Cybersecurity Market.
Key Takeaways: Beneficial for
Stakeholders and Clients
·
Historic Period: 2019-2022
·
Base year: 2023
·
Forecast Years: 2024-2030
·
CAGR (2024-30): 10%
·
Market Value (2023): USD 181 Billion
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What are the major Driver
the Global Cybersecurity Market industry?
Increasing Number of Target-Based Cyber-Attacks
Augmenting Market Demand – Over the past few
years, increasing cybercrime and target-based attacks have vigorously driven
the growth of the Cybersecurity Industry. Cyber attackers target network
infrastructure, endpoints, and cloud-based applications to cause significant financial
losses and disrupt business operations. Rising cybercrimes like the theft of
sensitive & critical data or information result in huge financial losses;
thus, advanced information security technologies have been adopted by
businesses across the globe to safeguard their security infrastructure. For
instance,
- In 2022, according to the FBI's Internet
Crime Report, 8,00,944 complaints of cybercrime were reported to the FBI
by the public on a global level.
- Among the complaints received in 2022,
phishing and personal data breaches were the top incidents reported. While
phishing ranked number one, the associated dollar loss of USD 52 million
is small in comparison to investment fraud, which resulted in a USD 3.3
billion loss, an increase of 127% from the previous year.
Target-based
cyber-attacks lead to operational disruptions in various sectors such as
aviation, defense, telecom, IT, ITeS, and so on; thus, adopting comprehensive
cybersecurity solutions to defend against sophisticated attacks has become a crucial
factor that is anticipated to augment the size & volume of the Global
Cybersecurity Market during the forecast period.
Global Cybersecurity Market Segmentation
The Global
Cybersecurity Market analysis of MarkNtel Advisors explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market dynamic. The
further bifurcations are as follows:
- By Offering
- Solution- Market Size & Forecast
2019-2030, (USD Million)
- Standalone Hardware- Market Size
& Forecast 2019-2030, (USD Million)
- Software Solution- Market Size
& Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast
2019-2030, (USD Million)
- Professional Services- Market Size
& Forecast 2019-2030, (USD Million)
- Design, Consulting &
implementation- Market Size & Forecast 2019-2030, (USD Million)
- Risk & Threat Management- Market
Size & Forecast 2019-2030, (USD Million)
- Training & Education- Market Size
& Forecast 2019-2030, (USD Million)
- Support & Maintenance- Market
Size & Forecast 2019-2030, (USD Million)
- Managed Services- Market Size &
Forecast 2019-2030, (USD Million)
- By Solution Type
- Identity & Access Management (IAM)-
Market Size & Forecast 2019-2030, (USD Million)
- Antivirus/Antimalware- Market Size
& Forecast 2019-2030, (USD Million)
- Log Management & SIEM- Market Size
& Forecast 2019-2030, (USD Million)
- Firewall- Market Size & Forecast
2019-2030, (USD Million)
- Encryption & Tokenization- Market
Size & Forecast 2019-2030, (USD Million)
- Compliance & Policy Management-
Market Size & Forecast 2019-2030, (USD Million)
- Patch Management- Market Size &
Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast
2019-2030, (USD Million)
- By Deployment mode
- On-premises- Market Size & Forecast
2019-2030, (USD Million)
- Cloud- Market Size & Forecast
2019-2030, (USD Million)
- Hybrid Cloud- Market Size &
Forecast 2019-2030, (USD Million)
- By Organization size
- Large Enterprises- Market Size &
Forecast 2019-2030, (USD Million)
- SMEs (Small & Medium Enterprises)-
Market Size & Forecast 2019-2030, (USD Million)
- By Security Type
- Network Security- Market Size &
Forecast 2019-2030, (USD Million)
- Cloud Security- Market Size &
Forecast 2019-2030, (USD Million)
- Endpoint & IoT Security- Market
Size & Forecast 2019-2030, (USD Million)
- Application Security- Market Size &
Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast
2019-2030, (USD Million)
- By Vertical
- Banking, Financial Services and
Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
- Government- Market Size & Forecast
2019-2030, (USD Million)
- Healthcare & Life Sciences- Market
Size & Forecast 2019-2030, (USD Million)
- Aerospace & Defense- Market Size
& Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size &
Forecast 2019-2030, (USD Million)
- IT & ITeS- Market Size &
Forecast 2019-2030, (USD Million)
- Education- Market Size & Forecast
2019-2030, (USD Million)
- Retail & Ecommerce- Market Size
& Forecast 2019-2030, (USD Million)
- Energy & Utilities- Market Size
& Forecast 2019-2030, (USD Million)
- Telecommunications- Market Size &
Forecast 2019-2030, (USD Million)
- Transportation & Logistics- Market
Size & Forecast 2019-2030, (USD Million)
- Media & Entertainment- Market Size
& Forecast 2019-2030, (USD Million)
- Others (Education, Construction, Travel
& Hospitality)- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Global Cybersecurity Market is expected to be dominated by the North America by capturing the potential market share.
Explore further
details about this research report- https://www.marknteladvisors.com/research-library/cybersecurity-market.html
Top
Companies in the Global Cybersecurity Market
IBM, Cisco, Microsoft, Palo Alto Networks, Fortinet, Check
Point, Trellix, Trend Micro, Rapid7, Open Text, AWS, Oracle, Accenture,
Cyberack, ZScaler, and others
Global Cybersecurity
Industry Recent Development:
- In 2023: Cisco Secure Access, a new SSE solution intended to enhance hybrid work experiences, was introduced by Cisco. The aim was to simplify access across a variety of locations, devices, and applications; thus, it was designed to offer a common access experience, providing users with a single, effortless way to access all resources by intelligently and securely directing traffic.
- In 2023: IBM entered into a strategic partnership with Palo Alto Networks with the primary aim of enhancing enterprise security. This expansion was centered around AI-driven security operations and cloud transformation. This collaboration was intended to bolster end-to-end security postures for clients. It aimed to address the rapidly escalating threats in the realm of cybersecurity.
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