Cybersecurity Market Size, Share, Trends & Industry Growth | 2022-27

 

Market Overview:

The global cybersecurity market had a value of USD 150.37 billion in 2021, and it is anticipated to grow at a CAGR of 13.37% from 2022 to 2027 to reach USD 317.02 billion. Cybersecurity defends against online attacks on the network, data, and personal information. BYOD, AI, IoT, and machine learning trends in cybersecurity are expanding quickly. For instance, machine learning benefits cybersecurity by improving outlier detection.

The regional clusters of cybersecurity companies that make up the ecosystem of the cybersecurity industry contribute to the dynamics of the global market. The San Francisco Bay Area (SFBA), Metropolitan Washington, DC, and Israel are the three distinct mega-clusters in which the cybersecurity industry currently operates.

Scope of the Report:

In order to maintain the confidentiality of their data, organisations can use cybersecurity solutions to detect, monitor, report, and combat cyber threats. As internet usage increases in both developed and developing nations, so is the adoption of cybersecurity solutions. Since the internet is now connected to every system in the modern world, giving cybercriminals easier access to data, the need for cybersecurity has grown.

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