Cybersecurity Services Market Is Likely To See A Massive Surge In Demand And Revenue | Cisco Systems, IBM Corporation, Microsoft
As per the cybersecurity services market report by The Business Research Company, the increasing instances of massive cyber-attacks are a key factor driving the growth of the cybersecurity services market. The primary motive behind cybercrimes is political competition, financial gain, negative credibility, foreign competition and radical involvement of religious groups. Most cyber-attacks are for financial gain.
The global cybersecurity services market size will grow from $81 billion in 2022 to $90.56 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cybersecurity services market size is expected to grow to $139.24 billion in 2027 at a CAGR of 11.4%.
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Major competitors in the cybersecurity services market include Cisco Systems, IBM Corporation, Microsoft, Check Point Software Technologies, Oracle, Trend Micro., Cyber Ark Software Ltd., FireEye Inc., Imperva Inc., ProofPoint, Inc., Micro Focus, RSA Security, Sophos, Splunk, Capgemini, Cognizant, HCL Technologies Limited, Tata Consultancy Services, Wipro Limited, Qualys, Dell Technologies Inc., AVG Technologies NV and Intel Security (Intel Corporation).
The cybersecurity services market is segmented -
• By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types
• By User Type: Large Enterprises, Small & Medium Enterprises
• By Industry Verticals: Aerospace and Defense, BFSI, Public sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cybersecurity services market in 2022.
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Cybersecurity is a practice of protecting the network, computers, mobile devices, hardware, electronic systems and data from digital or malicious attacks. It is also known as electronic information security and information technology security.
The Table Of Content For The Cybersecurity Services Market Include:
1. Executive Summary
2. Cybersecurity Services Market Characteristics
3. Cybersecurity Services Market Trends And Strategies
4. Cybersecurity Services Market - Macro Economic Scenario
5. Cybersecurity Services Market Size And Growth
6. Cybersecurity Services Market Segmentation
26. Africa Cybersecurity Services Market
27. Cybersecurity Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cybersecurity Services Market
29. Cybersecurity Services Market Future Outlook And Potential Analysis
The "Global Cybersecurity Services Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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