Press release
Cybersecurity Market is Estimated to Reach USD 337.09 Billion by 2030: Cognitive Market Research
What is Cybersecurity?
Cybersecurity refers to the practice of protecting computer systems, networks, devices, and sensitive information from unauthorized access, theft, damage, or other malicious activities. It involves the use of technologies, processes, and policies designed to prevent, detect, respond to, and recover from cyber-attacks. Cybersecurity measures include the use of firewalls, antivirus software, intrusion detection and prevention systems, encryption, authentication, and access control mechanisms.
Summary:
As per the study of CMR, the Global Cybersecurity Market size was valued at USD 173.78 Billion in 2022 and will reach USD 337.09 Billion by 2030 and is expected to grow at a CAGR of 8.7% during the forecast period (2023-2030).
To know more about The Cybersecurity Market statistics click here: https://www.cognitivemarketresearch.com/cybersecurity-market-report
Market Dynamics:
Cybersecurity Market Drivers:
Cybercriminals are continuously developing new techniques and methods to bypass security controls, making it essential for organizations to invest in robust cybersecurity measures. Thus, the increasing number and complexity of cyber-attacks are driving the demand for the cybersecurity market.
Governments and regulatory bodies are imposing stringent data protection and privacy regulations to protect personal and sensitive data. Compliance with these regulations is driving the adoption of cybersecurity solutions to protect against data breaches and cyber threats which significantly drives the market growth.
Cybersecurity Market Opportunities:
The use of AI and ML in cybersecurity can improve threat detection and response capabilities, reduce false positives, and automate security processes. This presents a significant opportunity for cybersecurity vendors to develop and offer AI and ML-based cybersecurity solutions.
Cybersecurity Market Restraints:
The high cost of cybersecurity solutions can be a significant barrier to adoption, especially for small and medium-sized businesses with limited budgets. This can impact the growth of the cybersecurity market, as many organizations may not be able to afford advanced cybersecurity solutions.
Cybersecurity Market Segmentation:
Component:
• Hardware
• Software
• Services
Based on components, services have the leading segment in the cybersecurity market. This can be attributed to the growing demand from small and medium businesses for consultation services as well as maintenance and upgrade services. Due to their small teams and tight budgets, SMEs frequently confer with other organizations before implementing any solutions.
Services:
• Professional Services
• Managed Services
Vertical:
• Aerospace and Defense
• BFSI
• ITand ITeS
• Telecommunication
• Energy and Utilities
• Retail and eCommerce
• Healthcare
• Transportation and Logistics
• Manufacturing
• Media and Entertainment
• Other Verticals
Software:
• IAM
• Antivirus/Antimalware
• Log Management and SIEM
• Encryption and Tokenization
• Compliance and Policy Management
• Patch Management
• Other Software
Deployment Mode:
• Cloud
• On-premises
Competitive Analysis of the Cybersecurity Market: International Business Machines (IBM) Corporation, Hewlett Packa Inc., Symantec Corporation, Check Point Software Technologies, Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Fireeye Inc., Sophos Ltd.
Get free sample pages of the latest published Cybersecurity Market Report: https://www.cognitivemarketresearch.com/cybersecurity-market-report#request_sample
Regional Analysis:
North America accounted for the largest share of the cybersecurity market
North America has the largest revenue share in the cybersecurity market. The increasing need for cloud application security solutions in the region is driven by the increase in high-section security breaches. Market expansion is accelerated by the rise of online e-commerce platforms in nations like the United States and Canada. To provide businesses with improved security measures, the government employs cutting-edge network security methods.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Cybersecurity Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Cybersecurity Market Segmentation
1.5.1 Cybersecurity Market Regional Fragmentation
1.5.1 Cybersecurity Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Cybersecurity Market
Chapter 4 Global Cybersecurity Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Cybersecurity Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Cybersecurity Market by Services Segmentation Analysis (2018-2030)
Chapter 11 Global Cybersecurity Market by Vertical Segmentation Analysis (2018-2030)
Chapter 12 Global Cybersecurity Market by Software Segmentation Analysis (2018-2030)
Chapter 13 Global Cybersecurity Market by Deployment Mode Segmentation Analysis (2018-2030)
Chapter 14 Global Cybersecurity Market Regional Analysis
Chapter 15 North America Cybersecurity Market Outlook (2018 - 2030)
Chapter 16 Europe Cybersecurity Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Cybersecurity Market Outlook (2018 - 2030)
Chapter 18 Latin America Cybersecurity Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Cybersecurity Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Cybersecurity Market TOC click here: https://www.cognitivemarketresearch.com/cybersecurity-market-report#table_of_contents
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• Cyber Attack Simulation Software Market- https://www.cognitivemarketresearch.com/cyber-attack-simulation-software-market-report
• Cybersecurity Consulting Services Market- https://www.cognitivemarketresearch.com/cybersecurity-consulting-services-market-report
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• How Businesses can Perform SWOT Analysis?: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/how-businesses-can-perform-swot-analysis
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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