Global Cybersecurity Market Size Expected to Reach USD


Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The global increase in cybercrime and cyberterrorism has increased the demand for cybersecurity market some products. The introduction of IPv6 has expanded security services and solutions. Government enterprises have been prompted to upgrade their security policies and reform current security solutions due to the need to harden critical infrastructure from advanced persistent threats. Thanks to new technologies such as ML, IoT and AI, the generation of data has increased in different ways. In many industries, a vast array of data is produced every day. These elements have pushed these industries to protect themselves with potential cybersecurity solutions. Growing data sharing and organizational flaws have enhanced the need for global cybersecurity market growth.

Massive cyberattacks are happening more often all over the world. Cyberterrorists target endpoints, data, networks and other IT infrastructure, causing significant financial damage to businesses, people and governments. The global cybersecurity market is thus expected to grow faster. It has been vital that IoT market penetration rates increase, leading to an increase in connected products such as wearables, consumer electronics, connected equipment, and automobiles.

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This report focuses on the global key players cyber security marketplace :

Accenture
Broadcom Inc.
Capgemini
Competent
F5 Networks Inc.
FireEye Inc.
HCL Technologies Limited
IBM Corporation
infosys limited
L&T Technology Services Limited

This market penetration has been facilitated by significant device cost reductions and emerging business models. Attacks on consumer IoT are common, but the threat of disruption in manufacturing and other sectors is making cybersecurity more pervasive in market dynamics right now. Additionally, the development of 5G is expected to accelerate the use of connected devices in industries that are already moving towards the Industrial Revolution 4.0. The global cybersecurity market reaches US$197.38 billion and is expected to grow at a positive CAGR of 9.7%, to reach US$478.69 billion in 2030.

Scope of Cyber ​​Security Market:

Metric Details
Year of reference 2022
Historical data 2020-2021
Forecast period 2022-2030
Study period 2020-2030
Forecast unit Value (USD)
Revenue forecasts in 2030 $478.69 billion
By company SME, Large Enterprise
By industry Healthcare, Retail, BFSI, IT & Telecom, Manufacturing, Automotive, Public Sector, Energy & Utilities, Other
By component Solutions, Services

Based on components, the solution segment is further divided into Data Loss Prevention, Threat Intelligence and Encryption, Distributed Denial of Service Mitigation, Unified Threat Management, Intrusion Detection Systems, fire, antivirus, disaster recovery and web filtering.. Threat intelligence is divided into several sub-segments, including risk and compliance management, security and vulnerability management, and identity and access management. Network DLP, Storage DLP, and Endpoint DLP are the three sub-segments of Data Loss Prevention. Intrusion detection systems are further divided into network-based, host-based, and wireless types.

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As more sophisticated internet security solutions are used by organizations, North America is expected to dominate the cybersecurity market. The substantial usage of internet services and the importance of cyberspace in the digital world are other significant factors fueling the growth of the cyber security industry across the region. Another significant aspect that is expected to fuel the growth of the North America market is the widespread use of cybersecurity by a number of industries, along with technological advancements in each of these industries.

The Mandiant Worldwide Information Security Exchange (mWISE), which became operational in March 2022, was announced by Mandiant Inc. mWISE is a series of dynamic, vendor-neutral cybersecurity events that bring together practitioners, executives and visionaries from the around the world to talk about best practices, identify new and emerging trends, and turn knowledge into coordinated action to reduce cyber threats.

Contents:

1. Introduction
2. Research methodology
3. Market Outlook
4. Cybersecurity Market by Component, 2022-2029 (USD Billion)
5. Cybersecurity Market by Solution, 2022-2029 (USD Billion)
6. Cybersecurity Market by Deployment Model, 2022-2029 (USD Billion)
7. Cybersecurity Market by Enterprise Size, 2022-2029 (USD Billion)
8. Cybersecurity Market by Vertical, 2022-2029 (USD Billion)
9. Cyber ​​Insurance Market by Region, 2022-2029 (USD Million)
North America

WE

Canada

Europe

UK

Germany

France

The rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

South America

Brazil

Mexico

Rest of South America

Middle East and Africa

10. Competitive landscape
11. Company Profiles
12. Appendix

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Adroit Market Research is a global business analytics and advisory firm incorporated in 2018. Our target audience is a wide range of businesses, manufacturing companies, product/technology development institutions and industry associations that have need to understand the size of a market, key trends, participants and the future. prospects of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help them create opportunities that increase their revenue. We follow a code – Explore, learn and transform. At our core, we are curious people who enjoy identifying and understanding industry patterns, creating insightful study around our findings, and crafting lucrative roadmaps.

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