The cybersecurity market size is expected to see rapid growth in the next few years. It will grow to $393.72 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing internet penetration, rising number of e-commerce platforms, internet of things (iot) and need for authentication techniques. Major trends in the forecast period include leveraging, artificial intelligence (ai), machine learning and blockchain technologies for cyber defense, focusing on cloud-based cybersecurity strategies, offering app-based 2fa is used to help organizations become safer and less vulnerable to cyber-attacks, taking up itil/iso certifications to align software services with business requirements and focusing on automation and integration to improve efficiency.
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Segmentation & Regional Insights
The cybersecurity market covered in this report is segmented –
1) By Solution: Infrastructure Protection, Network Security, Endpoint Security, Data Security, Application Security, Cloud Security, Other Solutions
2) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
3) By Deployment Type: Cloud, On Premises
4) By End-User: BFSI, IT And Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel And Transportation, Energy And Utilities, Other End-Users
Asia-Pacific was the largest region in the cybersecurity market in 2023. North America was the second largest region in the global cybersecurity market. The regions covered in the cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising scale of cyber threats is generating higher demand for cybersecurity solutions. Cyberattacks on individuals, companies, and governmental organizations are increasing and resulting in huge financial losses. For example, according to Infosecurity Magazine, a Canadian online magazine serving information security community, 108.9 million internet user accounts were breached in the third quarter of 2022, with a 70% increase over the previous quarter. Therefore, rising spending on cybersecurity solutions attributing to the increasing threat of cyberattacks is projected to propel the revenues for the cybersecurity market during the forecast period.
Key Industry Players
Major companies operating in the cybersecurity market report are Palo Alto Networks Inc, Cisco Systems Inc, Dell Technologies Inc, McAfee Inc, Charles River Laboratories, Syneos Health, Sartorius AG, Precision for Medicine Inc., Novartis, Eppendorf Asia Pacific Sdn. Bhd., Emmessar Biotech & Nutrition Ltd, Vcanbio Cell & Gene Engineering Corp., Ltd, Ke Rui Gene, Absea Biotechnology Ltd, CStone Pharm-B, Daiichi Sankyo, bitBiome, Taisho Pharmaceutical, AGC Biologics, Hamamatsu Pharma Research, Artios Pharma, AstraZeneca, Bio Products Laboratory (BPL), Cambridge Bioscience, Shire Pharmaceuticals Ltd, BTG Ltd, eXmoor Pharma, 4D Pharma PLC, Touchlight Genetics, Ophidia Medical Technologies, ATAI Life Sciences, Phaseform, Evotec, Sanity Group, Primmbiotech, , Vaccitech, Biolat, Pharmidea, Asla-Biotech, Genera, Anima Lab, Silvanols, OU TBD-Biodiscovery, Qvalitas Arstikeskus AS, Concise Systems OU, GPE Globalpharma OU, Belarusian National Biotechnology Corporation , Innothera , Olainfarm, Pharmaidea, Amgen Inc., Gilead Sciences, Celgene Corporation, Biogen Inc., Vertex Pharmaceuticals, Illumina, Inc., Regeneron Pharmaceuticals Inc., Alexion Pharmaceuticals , Hemostemix Inc., Resverlogix Corporation, Zenith Epigenetics Corp., Bayer, AMEGA Biotech, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Julphar Pharmaceuticals, Medpharma, Pharmax, Neopharma , City Breeze Technical Services, CinnaGen, BioSun Pharmed, AryoGen Pharmed, 4Clinics, 54gene, Amoun, Aspen Pharmacare, BBI Solutions, BioTech Africa, ClinArt MENA, Crux Pharmaceuticals, Genesis Pharmaceuticals, Massive Genomics, Mayne Pharma, Sanofi Genzyme, Teleflex Medical, The Micron Group Broadcom,
The cybersecurity market report table of contents includes:
1. Executive Summary
2. Cybersecurity Global Market Characteristics
3. Cybersecurity Global Market Trends And Strategies
4. Cybersecurity Global Market – Macro Economic Scenario
5. Global Cybersecurity Global Market Size and Growth
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32. Global Cybersecurity Global Market Competitive Benchmarking
33. Global Cybersecurity Global Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cybersecurity Global Market
35. Cybersecurity Global Market Future Outlook and Potential Analysis
36. Appendix
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