Information Technology (IT) And Telecom Cyber Security Market Set to Reach $80.26 Billion by 2029 with 12.7% Yearly Growth

How Are the key drivers contributing to the expansion of the information technology (it) and telecom cyber security market?
The rising use of cloud computing is predicted to fuel the expansion of the IT and telecom cyber security market in the future. Cloud computing is a tech innovation that provides users with internet-based access to computing resources, like storage, processing power, and applications, on a pay-per-use model. It appeals to users because of its cost-effectiveness, scalability, flexibility, accessibility, and security, all of which facilitate business agility, innovation, and growth in a world that is becoming more digital and interconnected. With the increasing adoption of cloud computing comes the challenge of upholding data privacy, sticking to compliance and regulatory standards, especially in sectors like healthcare, finance, and government that have tight data protection laws. To address these challenges, organizations employ cybersecurity measures to safeguard data privacy, ensure regulatory compliance, and guard against data breaches and unauthorized access within the cloud or during data transfer. For example, data released by the European Commission (EC), the executive body of the European Union (EU) based in Belgium, revealed a 4.2% rise in the adoption of cloud-based solutions in the EU in 2023, showing that 45.2% of enterprises purchased cloud computing services. This marks a considerable increase compared to 2021. Thus, the increasing usage of cloud computing is a driving force behind the expansion of the IT and telecom cyber security markets.

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What growth opportunities are expected to drive the information technology (it) and telecom cyber security market's CAGR through 2034?
The information technology (IT) and telecom cybersecurity market has seen sturdy growth in recent years. The market size is projected to expand from $44.39 billion in 2024 to $49.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.2%. Factors contributing to the market growth during the historical period include a rising dependency on digital infrastructure, an upsurge in cybercrime incidents, the growing complexity of IT ecosystems, the occurrence of significant data breaches, and increased awareness of the vital role of cybersecurity.

The market size for cyber security in information technology (IT) and telecom is anticipated to witness swift expansion in the forthcoming years. It is projected to escalate to $80.26 billion by 2029, with a compound annual growth rate (CAGR) of 12.7%. The boost during the predicted timeframe can be credited to the emergence of fresh attack vectors, the uptake of cloud computing, multiplication of mobile devices, the swell in remote work and digital transition, and the broadening of the Internet of Things (IoT). The key trends for the forecast period consist of the rising prevalence of zero trust architecture, the increased focus on threat intelligence sharing, a surge in ransomware and extortion attacks, the spotlight on privacy and data protection regulations, and a growing demand for managed security services.

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What are the emerging trends shaping the future of the information technology (it) and telecom cyber security market?
Major players in the IT and telecom cybersecurity sector are escalating their efforts to create sophisticated solutions such as Sentra Jagger, an AI-driven assistant for cloud data protection, to build a competitive advantage. This software solution harnesses the power of AI to independently concoct and establish security actions, guidelines, and principles to defend data housed in cloud settings. For example, in March 2024, Israel-based Sentra unveiled the Sentra Jagger. This dynamic platform provides efficient threat analysis and swift incident reaction, trimming response duration by as much as 80% and strengthening cybersecurity operations within the IT and telecom realms. This indicates a fundamental move towards AI and automation in cybersecurity, which paves the way for advanced threat analysis, on-the-spot insights and improved efficiency in tackling ever-changing cyber threats and protecting key data assets in the IT and telecom cybersecurity field.

Which growth-oriented segments of the information technology (it) and telecom cyber security market are leading the industry's development?
The information technology (IT) and telecom cyber security market covered in this report is segmented -

1) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Deployment Mode: On-Premises, Cloud-Based
4) By End-User Industry: Telecom Service Providers, E-commerce, Enterprises, Utilities, Government And Defense

Subsegments:
1) By Network Security: Firewalls, Intrusion Detection Systems (IDS), Intrusion Prevention Systems (IPS), Virtual Private Network (VPN), Network Access Control (NAC), Distributed Denial Of Service (DDoS) Protection, Unified Threat Management (UTM)
2) By Endpoint Security: Antivirus Or Antimalware Software, Endpoint Detection and Response (EDR), Mobile Device Management (MDM), Data Loss Prevention (DLP), Encryption, Application Control, Device Control
3) By Application Security: Web Application Firewalls (WAF), Secure Software Development Life Cycle (SDLC), Application Security Testing, Code Review Tools, API Security, Identity And Access Management (IAM) For Applications
4) By Cloud Security: Cloud Access Security Brokers (CASBs), Cloud Encryption, Identity and Access Management (IAM) For Cloud, Security Information And Event Management (SIEM) For Cloud, Cloud Security Posture Management (CSPM), Multi-Factor Authentication (MFA), Cloud Workload Protection
5) By Other Security Types: Data Security And Privacy, Identity And Access Management (IAM), Security Orchestration, Automation, And Response (SOAR), Blockchain Security, Zero Trust Security Model, Threat Intelligence, Security Information And Event Management (SIEM)

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What regions are leading the charge in the information technology (it) and telecom cyber security market?
North America was the largest region in the information technology (IT) and telecom cyber security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (IT) and telecom cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the information technology (it) and telecom cyber security market?
Major companies operating in the information technology (IT) and telecom cyber security market are Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Broadcom, Telefonaktiebolaget Lm Ericsson, Bae Systems Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Symantec Corporation, Splunk Inc., Micro Focus International, Check Point Software Technology Ltd., CrowdStrike, McAfee LLC, Trend Micro Incorporated, Zscaler Inc., Proofpoint Inc., AO Kaspersky Lab, Tenable Holdings Inc., Rapid7, Sophos, CyberArk Software Ltd., FireEye Inc., SecureWorks Corp., Qualys Inc., Varonis Systems Inc., Mimecast Ltd., Okta Inc.

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What Is Covered In The Information Technology (IT) And Telecom Cyber Security Global Market Report?

•Market Size Forecast: Examine the information technology (it) and telecom cyber security market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the information technology (it) and telecom cyber security market for a structured understanding.
•Key Players Overview: Analyze major players in the information technology (it) and telecom cyber security market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the information technology (it) and telecom cyber security market.
•Segment Contributions: Evaluate how different segments drive overall growth in the information technology (it) and telecom cyber security market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the information technology (it) and telecom cyber security market.
•Industry Challenges: Identify potential risks and obstacles affecting the information technology (it) and telecom cyber security market.
•Competitive Landscape: Review strategic developments in the information technology (it) and telecom cyber security market, including expansions, agreements, and new product launches.

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