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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cyber Security Market Growth
Cybersecurity refers to the practice of protecting computer systems, networks, devices, and data from unauthorized access, cyberattacks, damage, or theft. It encompasses a range of measures, technologies, and practices designed to ensure the confidentiality, integrity, and availability of digital information and systems.
The rapid growth of cybersecurity market is driven by interconnected digital ecosystems, evolving cyber threats, regulatory demands, and growing dependence on cloud computing and IoT devices. Addressing these challenges requires innovative cybersecurity strategies, collaboration across sectors, and continuous adaptation to emerging technologies and threat landscapes.
According to the Federal Criminal Police Office, in Austria, the total number of reported cyber-crimes in 2022 reached a new record high of 60,195, marking a 30.4% increase compared to 2021. This significantly supported the cyber security market in the country.
Cyber Security Market Report Snapshots
Cyber Security Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The cyber security market was valued at USD 236.75 billion in 2023.
The market is projected to grow at a CAGR of 8.8% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 506.79 billion in 2032.
The major drivers of the market include rising disposable incomes, and growing cyber-attacks.
The growing demand for advanced cyber protection in both government and private firms and the rising integration of advanced technologies like AI and IoT are expected to be the key trends guiding the growth of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the component, which includes solution and services.
The deployments for cyber security include cloud and on-premises, among others.
The market is categorised according to the security type, including cloud security, application security, endpoint security, data security, network security, infrastructure protection, and others.
Based on the organisation size, the market is divided into large enterprises, small and medium enterprises, and others.
Based on the end use, the market is divided into BFSI, government and defence, energy and utilities, healthcare, it and telecom, manufacturing, retail, and others.
The market key players are Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Broadcom inc., Trend Micro Inc, IBM Corporation, Microsoft Corporation, Check Point Software Technologies Ltd., McAfee Corp, CrowdStrike Holdings, Inc., Sophos Ltd., ESET, spol. s r.o., and others.
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