The cyber security market is a trillion-dollar industry. With so many players and varying technology, it can be hard for businesses to monitor and understand the global cyber security industry. It’s understandable why there are many questions about the size and growth potential of this market. If you’re wondering just how big the cyber security market is, where it’s headed or what it will look like in future years hopefully this article sheds some light on these questions by answering them.
The cyber security market is expected to grow from $22.6 billion in 2019 to $43.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.3%. The market is expected to be driven by the need for cyber security solutions for government, military and enterprise organizations. Cyber security is a $1.2 trillion business that has grown more than 70% per year during the last five years. However, it remains underdeveloped as compared with other industries such as healthcare and retail, despite being much larger than both of them combined. This is largely because cyber crime has been growing faster than most people realize, with incidents occurring at an alarming rate of 1 million per day according to some experts. The Cyber Security Market report provides an in-depth analysis on the global cyber security market including its definition, types, application areas, stakeholders and key market trends that are expected to drive growth over the next decade.
Cybersecurity has been a hot topic over the past few years. According to Gartner, the cyber security market is expected to grow from $86 billion in 2016 to $133 billion by 2022. This growth is projected primarily due to the increasing number of attacks and breaches that happen every day. The cyber security market size is expected to reach $57.3 billion by 2020, according to a report by MarketsandMarkets. However, the growth of the cyber security market is expected to be sluggish over the next five years, due to several factors such as increasing adoption of digital technologies, growing concerns regarding data privacy and growing government regulations.
Cybersecurity is a multi-billion dollar market, with many of the world’s most successful companies being forced to invest in it. Cybersecurity is a complex field, with multiple causes and consequences for failure. It involves technologies, people, processes and procedures that can be implemented without fail, but which require constant maintenance and attention. The market for cyber security solutions is forecasted by Gartner to grow from $3 billion in 2015 to $98 billion by 2020. This growth is partly attributed to the increasing number of incidents that are reported and the increasing costs associated with these incidents. This report provides an overview of cyber security market size and forecast in terms of revenue and value, by type (infrastructure security, application security), geography (North America and Europe) and by vertical industry segment.
The cyber security market is expected to grow at a compound annual growth rate (CAGR) of 15.8% during the period 2018-2023. The global cyber security market size will be US$23,637.7 million in 2020 and US$51,415.4 million in 2023, growing at a CAGR of 15.8% for the forecast period 2018-2023. The report further elaborates on some key drivers and challenges influencing growth in this market. These include increasing number of cyber attacks, increase in demand for cyber security solutions from government customers, and rapid adoption of cloud computing among
Cybersecurity is a multi-billion dollar market, with many of the world’s most successful companies being forced to invest in it. Cybersecurity is a complex field, with multiple causes and consequences for failure. It involves technologies, people, processes and procedures that can be implemented without fail, but which require constant maintenance and attention. The market for cyber security solutions is forecasted by Gartner to grow from $3 billion in 2015 to $98 billion by 2020. This growth is partly attributed to the increasing number of incidents that are reported and the increasing costs associated with these incidents. This report provides an overview of cyber security market size and forecast in terms of revenue and value, by type (infrastructure security, application security), geography (North America and Europe) and by vertical industry segment.
The cyber security market is a trillion-dollar industry. With so many players and varying technology, it can be hard for businesses to monitor and understand the global cyber security industry. It’s understandable why there are many questions about the size and growth potential of this market. If you’re wondering just how big the cyber security market is, where it’s headed or what it will look like in future years hopefully this article sheds some light on these questions by answering them.
