Cybersecurity Market 2024 – Market Brief Analysis, Market Size, Top Leading Companies, Segmentation | Palo Alto Networks Inc., Cisco Systems Inc., Dell Technologies Inc., McAfee Inc., Charles River Laboratories ring & Construction

The Cybersecurity by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cybersecurity, The cybersecurity market size has grown rapidly in recent years. It will grow from $223.7 billion in 2023 to $248.65 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increasing number of cyber-attacks, strong economic growth in emerging markets, emergence of start-ups and the covid-19 pandemic.

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.

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.

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The cybersecurity market covered in this report is segmented –
1) Cybersecurity Market By Solution: Infrastructure Protection, Network Security, Endpoint Security, Data Security, Application Security, Cloud Security, Other Solutions
2) Cybersecurity Market By Enterprise Size: Small And Medium Enterprise, Large Enterprise
3) Cybersecurity Market By Deployment Type: Cloud, On Premises
4) Cybersecurity Market By End-User: BFSI, IT And Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel And Transportation, Energy And Utilities, Other End-Users

Top Major Players

Palo Alto Networks Inc.

Cisco Systems Inc.

Dell Technologies Inc.

McAfee Inc.

Charles River Laboratories ring & Construction

Increasing government investments in cybersecurity solutions is a major trend shaping the growth of the cybersecurity industry. For instance, in September 2022, the Department of Homeland Security (DHS), a US federal executive department responsible for public security launched a $1 billion investment to fund its first-ever cyber grant program customized especially for state, local and territorial governments across the country. This will aid governments to address cybersecurity risks such as identifying key vulnerabilities, eliminating threats, and bolstering critical infrastructure. Thus, increasing investments by the governments globally are likely to create large avenues for expansion for the players operating in the cybersecurity market over the forthcoming years.

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

……

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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