Cybersecurity Market Synopsis

Cybersecurity Market Size Was Valued at USD 173.5 Billion in 2022, and is Projected to Reach USD 363.34 Billion by 2030, Growing at a CAGR of 9.68% From 2023-2030.
The cybersecurity market refers to the collective ecosystem of products, services, technologies, and solutions aimed at protecting digital systems, networks, devices, and data from cyber threats, attacks, and unauthorized access. This market encompasses a wide range of offerings designed to safeguard organizations, individuals, and governments against various cyber risks and vulnerabilities. The cybersecurity market is driven by the growing frequency and sophistication of cyber threats, regulatory compliance requirements, increased digitization and connectivity of systems, and the rising awareness of cybersecurity risks among organizations and individuals. As a result, the market continues to evolve with new technologies and innovations to address emerging threats and protect against evolving cyber risks.

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Cybersecurity Market Top Key Players:

·         IBM(US)

·         Cisco(US)

·         Trellix (US)

·         NortonLifeLock (US)

·         Rapid7 (US)

·         Microsoft (US)

·         Amazon Web Services (AWS) (US)

·         Oracle (US)

·         Fortinet (US)

·         Palo Alto Networks (US)

·         Imperva (US)

·         Accenture (Ireland)

·         CyberArk (US)

·         SentinelOne (US)

·         BluVector (US)

·         F5 (US)

·         RevBits (US)

·         DataVisor (US)

·         Qualys (US)

·         F-Secure (Finland)

·         Trend Micro (Japan)

·         Micro Focus (UK)

·         WiJungle (India)

·         Aristi Labs (India)

The Report on Platform As A Market provides detailed analysis of segments in the market based on:

By Type

·         Solution

·         Services

By Deployment Type

·         Cloud

·         On-Premise

By Software

·         IAM

·         Encryption and Tokenization

·         Other Software

By End Users

·         BFSI

·         IT and Telecommunications

·         Retail

·         Healthcare

·         Government

·         Manufacturing

·         Travel and Transportation

·         Energy and Utilities

By Region

·         North America (U.S., Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

The market is segmented into services and solutions, with the service segment anticipated to experience significant growth due to increased demand from large and medium-sized businesses seeking updating, consulting, and maintenance services. This surge in demand is expected to drive a higher Compound Annual Growth Rate (CAGR) for the service segment during the forecast period. Within the solution segment, sub-segments include end-point security, network security, cloud application security, application security, secure web gateway, and others. Growth in this segment is projected to be supported by the growing utilization of hardware, access management software, and end-point security software across various sectors such as IT and telecom, financial institutions, and others.

Report Scope

Feature of the Report

Details

Market Size in 2022

173.5 billion

Projected Market Size in 2030

363.34 Billion

Prominent Players

IBM(US), Cisco(US), Trellix (US), NortonLifeLock (US), Rapid7 (US), Microsoft (US)

CAGR Growth Rate

9.68% CAGR (2024-2032)

Base Year

2023

Forecast Period

2024-2033

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Key Topics Covered:

1. Report Overview

2. Executive Summary

3. Overview

4. Cybersecurity Market by Consumption Type

5. Company Profiles

Why Purchase the Report?

·         Visualize the composition of the global Cybersecurity Market products in terms of Product and application highlighting the critical commercial assets and players.

·         Identify commercial opportunities in the Cybersecurity Market by analyzing trends and co-development deals.

·         PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

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