Cyber Security Market Projected to Hit USD 390.2 Billion at a 14.50% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights

According to MRFR analysis, the global Cyber Security market is expected to register a CAGR of  14.50% from 2022 to 2030 and hold a value of over USD 390.2 billion by 2030.

The most crucial applications in the IT environment are cyber security solutions since they guard against unauthorized access and unlawful behavior and safeguard data, computers, programs, and networks. The rapid development of new technologies and trends has led to a surge in cybercrime in recent years. Any little security weakness may be used by cybercriminals to access sensitive data belonging to customers or companies, which they then sell on the black market or to other nations. The manufacturing and sales divisions of numerous sectors have been impacted by the pandemic. The industries have been forced to scale back their production levels and other commercial operations as a result of the extended lockdown. However, many businesses have changed their business practices to be conducted online to adhere to legislative directives and constraints. These sectors have mandated the adoption of cyber security solutions due to the growing work-from-home trend. After the pandemic, the need for reliable authentication methods has risen rapidly.

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Cyber Security Market Report Scope:

Key Players

Some of the key market players are,

• Cisco Corporation
• Mcafee Corporation
• Fortinet Inc
• Trend Micro Inc
• Cassidian Cybersecurity Company
• Computer Science Corporation
• Booz Allen Hamilton Corporation
• Kaspersky Lab
• Fireeye inc
• Symantec Corporation.

Market Segmentation

The Global Cyber Security market has been segmented into Software, Security Type, Deployment Type, Organization Size, and Verticals.

Based on the Software, the Cyber Security market has been segmented into APT, Threat Intelligence Platform, SIEM, Security and Vulnerability Management, Network Access Control,     Antivirus/Antimalware, Firewall, Secure Web Gateway, SOAR, Encryption, Disaster Recovery, IDS/IPS, Risk and Compliance Management, Others.

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Based on the Security Type, the market has been segmented into Network security, Endpoint security, Application security, Cloud security, and Others.

Based on the Deployment Type, the Cyber Security market has been segmented into Cloud, On-Premises.

Based on the Organization Size, the market has been segmented into Large Enterprise and SMEs.

Based on the Verticals, the market has been segmented into Aerospace and Defense, Government, BFSI, IT, Healthcare, Retail, Manufacturing, Energy and Utilities, Telecommunications, Media and Entertainment, and Others.

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Regional Analysis

North America dominates the Cyber Security market. American and Canadian companies hold the lion’s share of the cyber security market, with a combined total of over 70%. This is due in part to the fact that these countries have some of the most advanced cybersecurity infrastructure in the world. Additionally, North American companies have been at the forefront of cybersecurity innovation, developing many of the most popular and effective security solutions on the market today.

With such a large share of the market, North America is home to some of the biggest and most influential cybersecurity companies. These companies are constantly innovating and developing new solutions to keep businesses and consumers safe from online threats. North American companies are also leaders in cyber security education and training, helping to ensure that the workforce is prepared to deal with the ever-changing landscape of online threats.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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