WESTFORD, Mass., April 29,
2024 /PRNewswire/ -- SkyQuest projects that Global
Cyber Security Market size is poised to grow from USD 190.40 Billion in 2023 to USD 357.10 Billion by 2031, at a CAGR of 9.4%
during the forecast period (2024-2031). In order to safeguard
sensitive data and networks, the use of cloud computing, IoT
devices, and remote work arrangements has increased need for
sophisticated cybersecurity solutions. Strong cybersecurity
measures are also required because the attack surface has grown due
to the quick digitization of many industries.
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https://www.skyquestt.com/report/cyber-security-market
Browse in-depth TOC on the "Cyber Security Market"
- Pages - 157
- Tables - 78
- Figures - 79
Cyber Security Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$190.40
billion
|
Estimated Value by
2031
|
$357.10
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 9.4%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Offering, Solution
Type, Deployment Mode, Organisation Size, Security Type and
Verticals
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and the Rest of the world
|
Report
Highlights
|
Increasing shift of
cyber security towards online services
|
Key Market
Opportunities
|
Adoption of cloud based
cyber security solution among SMEs
|
Key Market
Drivers
|
Increasing demand for
cybersecurity mesh.
|
Driving Force Behind the Cloud Security Ascendency is Surge
in Computerized Reasoning and AI Arrangements
Among cybersecurity deployment modes, cloud security is clearly
the most popular choice. Cloud services are superior in terms of
security protocols, offering economies of scale together with
access to cutting-edge tools and specialised knowledge. The
fastest-growing market is cloud security, which is being driven by
the growing demands of the cloud industry. The swift expansion of
cloud services demands strong security protocols to protect user
information and apps.
Behind Supporting Growth of on Premise is Surge of
Compliance Requirement in Cyber Security Infrastructure
Control and visibility over cybersecurity infrastructure are
becoming more and more important for organisations due to the
growth of sophisticated cyber-attacks and strict data protection
rules. Businesses may better customise and control security
measures to meet their unique demands and compliance requirements
with on-premises solutions. Furthermore, the preference for
on-premises installations is driven by worries about data
sovereignty and privacy, particularly in industries that handle
sensitive data.
North American Region is Dominating Due to Cyber Security
Solutions Deployed
The North American region is anticipated to hold the largest
share of the market in 2023—more than 35%. This is explained by the
fact that there are more cyber dangers and cyber security solutions
in this region. Over the course of the projection period, the
Asia-Pacific region is expected to
grow at the fastest rate. This is explained by the region's
expanding security threats as well as the prevalence of several
market incumbents.
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Drivers:
- Rising Demand for Virtual Assistants Driving Market
Growth
- Autonomous AI Adoption
Restraints:
- Data Privacy Concerns
- Bias Generated and Inaccurate AI Output
Prominent Players in Global Cyber Security Market
- Check Point Software Technologies Ltd. (Israel)
- McAfee LLC (US)
- Palo Alto Networks, Inc. (US)
- Microsoft (US)
- Symantec Corporation (US)
- IBM Corporation (US)
- Fortinet, Inc. (US)
- Trend Micro Incorporated (Japan)
- FireEye, Inc. (US)
- Proofpoint, Inc. (US)
View report summary and Table of Contents (TOC):
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Key Questions Answered in Global Cyber Security Market
Report
- What is the anticipated market size for cyber security globally
by 2031, and what is the compound annual growth rate (CAGR)
anticipated to be observed between 2024 and 2031?
- How is the security of decentralised enterprises supported by
the cybersecurity mesh architecture?
- What are some of the growth tactics used by the leading
cybersecurity industry players to stay competitive?
This report provides the following insights:
- Analysis of key drivers (increasing demand for cybersecurity
mesh, new paradigm security architectures, extend security,
protection from each access point), restraints (Implementing and
sustaining strong cybersecurity solutions, expenses associated with
security software, skilled personnel, and continuous updates,
effectively safeguard of digital assets and sensitive information),
opportunities (efficiently integrated into a wide array of devices,
secure communication protocols, advanced identity and access
management systems), and challenges (bridging skill gap, many
security breaches may go undetected or unresolved) influencing the
growth of cyber security market
- Market Penetration: Comprehensive information on the product
portfolios offered by the top players in the cyber security
market
- Market Penetration: Comprehensive information on the product
portfolios offered by the top players in the cyber security
market
- Product Development/Innovation: Detailed insights on the
upcoming trends, R&D activities, and product launches in the
cyber security market
- Market Development: Comprehensive information on lucrative
emerging regions
- Market Diversification: Exhaustive information about new
products, growing geographies, and recent developments in the
market
- Competitive Assessment: In-depth assessment of market segments,
growth strategies, revenue analysis, and products of the leading
market players.
Related Reports:
Global Artificial Intelligence (AI) in Cybersecurity Market
Global Automotive Cyber Security Market
Global Cyber Security in Oil and Gas Market
Global Cybersecurity Mesh Market
Global Cyber Insurance Market
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economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
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Singh
Skyquest Technology
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Massachusetts 01886
USA (+1) 351-333-4748
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SOURCE SkyQuest Technology