According to Markntel Advisors Report, Cybersecurity Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Cybersecurity is the process of defending computer networks, systems, applications, and data from online threats, illegal access, loss, or theft. It includes a range of tools, procedures, and methods intended to protect data and stop tampering with or abuse digital assets. The goal of cybersecurity measures is to guarantee computer system functionality as well as the availability, confidentiality, and integrity of data. To protect against cyber-attacks, this entails putting security protocols, encryption, firewalls, intrusion detection systems, antivirus software, and other instruments into place.

Cybersecurity Market Research Report & Summary:

The Global Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2024-30.                   

Time Period Captured in the Report:

·        Historical Years: 2019-2022

·        Base Years: 2023

·        Forecast Years: 2024-2030

Who are the Key Players Operating in the Cybersecurity Market?

The top companies of the Cybersecurity Market ruling the industry are: 

IBM, Cisco, Microsoft, Palo Alto Networks, Fortinet, Check Point, Trellix, Trend Micro, Rapid7, Open Text, AWS, Oracle, Accenture, Cyberack, ZScaler, and others

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What is included in Cybersecurity Market Segmentation?

The Cybersecurity Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Offering
  • Solution- Market Size & Forecast 2019-2030, (USD Million)
    •  Standalone Hardware- Market Size & Forecast 2019-2030, (USD Million)
    •  Software Solution- Market Size & Forecast 2019-2030, (USD Million)
  • Services- Market Size & Forecast 2019-2030, (USD Million)
    • Professional Services- Market Size & Forecast 2019-2030, (USD Million)
      • Design, Consulting & implementation- Market Size & Forecast 2019-2030, (USD Million)
      • Risk & Threat Management- Market Size & Forecast 2019-2030, (USD Million)
      • Training & Education- Market Size & Forecast 2019-2030, (USD Million)
      • Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
    • Managed Services- Market Size & Forecast 2019-2030, (USD Million)
•  By Solution Type
  • Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
  • Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
  • Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
  • Firewall- Market Size & Forecast 2019-2030, (USD Million)
  • Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
  • Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
  • Patch Management- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)
•  By Deployment mode
  • On-premises- Market Size & Forecast 2019-2030, (USD Million)
  • Cloud- Market Size & Forecast 2019-2030, (USD Million)
  • Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)
• By Organization size
  • Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
  • SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)
• By Security Type
  • Network Security- Market Size & Forecast 2019-2030, (USD Million)
  • Cloud Security- Market Size & Forecast 2019-2030, (USD Million)
  • Endpoint & IoT Security- Market Size & Forecast 2019-2030, (USD Million)
  • Application Security- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)
• By Vertical
  • Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
  • Government- Market Size & Forecast 2019-2030, (USD Million)
  • Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
  • Aerospace & Defense- Market Size & Forecast 2019-2030, (USD Million)
  • Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
  • IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
  • Education- Market Size & Forecast 2019-2030, (USD Million)
  • Retail & Ecommerce- Market Size & Forecast 2019-2030, (USD Million)
  • Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
  • Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
  • Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
  • Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Education, Construction, Travel & Hospitality)- Market Size & Forecast 2019-2030, (USD Million)
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Explore the Complete Cybersecurity Market Analysis Report – https://www.marknteladvisors.com/research-library/cybersecurity-market.html

Cybersecurity Market Driver:

Increasing Number of Target-Based Cyber-Attacks Augmenting Market Demand – Over the past few years, increasing cybercrime and target-based attacks have vigorously driven the growth of the Cybersecurity Industry. Cyber attackers target network infrastructure, endpoints, and cloud-based applications to cause significant financial losses and disrupt business operations. Rising cybercrimes like the theft of sensitive & critical data or information result in huge financial losses; thus, advanced information security technologies have been adopted by businesses across the globe to safeguard their security infrastructure. For instance,

·        In 2022, according to the FBI's Internet Crime Report, 8,00,944 complaints of cybercrime were reported to the FBI by the public on a global level.

·        Among the complaints received in 2022, phishing and personal data breaches were the top incidents reported. While phishing ranked number one, the associated dollar loss of USD 52 million is small in comparison to investment fraud, which resulted in a USD 3.3 billion loss, an increase of 127% from the previous year.

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