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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cyber Security Market Analysis by Region
North America leads the global cybersecurity industry and is expected to continue dominating the market. This dominance is due to the presence of prominent security companies with global and regional headquarters in the United States. Increased spending on security solutions and services by large corporations and small to medium-sized enterprises is the key trend of cyber security market. In 2022, the Canadian Survey of Cyber Security and Cybercrime documented 5,244 cyber threats, impacting businesses across Canada.
The Asia Pacific region is expected to experience rapid growth during the forecast period. Efforts to secure endpoints, networks, and cloud infrastructure are anticipated to drive market expansion. The widespread adoption of smartphones and increased Internet usage are boosting digital services across the region. As the use of cloud and digital services rises, so do security risks and data theft concerns, further fuelling market growth. According to the ITA, the cyber security market in Australia amounted to USD 5 million in 2022.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124