The global cyber security market size is expected to reach USD 504.46 billion by 2030, according to a new study by Polaris Market Research. The report “Cyber Security Market Size, Trends, Industry Analysis Report By Type (Enterprise, Network, Application, Endpoint, Others); By Deployment Model; By End-User; By Organization Size; By Solution; By Component; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increased usage of cloud-based web safety technologies is likely to promote industry development throughout the projected timeframe. Other reasons boosting the industry include technical improvements, increasing danger of malware amongst businesses, and the growth of cyberwarfare.
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The increased popularity of E-commerce channels, improvements in innovative breakthroughs including IoT and AI, as well as the expansion of linked devices have created more chances for malicious hackers to exploit vulnerable systems or devices. Increasing web crimes and attacks due to the increasing internet adoption are expected to increase the market demand for web safety throughout the forecast period.
The small and medium-size businesses segment is anticipated to grow at the fastest pace throughout the forecast period as these businesses are more prone to online-attacks owing to their low expenditure on safety systems. Furthermore, rising virtual safety demand from emerging startups across the globe is expected to increase the segment growth.
North America is anticipated to dominate the global market throughout the forecast period due to the implementation of safety technologies boosted by end-user expenditure and strong demand for organizational protection systems. Furthermore, the increasing adoption of advanced technology by significant countries in the region is expected to contribute to the rising trends.
Market players such as AlgoSec, Centrify Corporation, Wi-Jungle, DataVisor, EMC Corporation, F5, Cisco Systems Inc., Fortinet, Inc., SonicWall, Hewlett-Packard Enterprise, F-secure, LogRhythm Inc., BAE Systems Inc., Intel Security, Palo Alto Networks, Proofpoint Inc., Qualys, SentinelOne, RevBits, Symantec Corporation, IBM Corporation, and others are operating in the global market.
Polaris market research has segmented the cyber security market report based type, deployment model, end-user, organization size, solution, component and region:
Cyber Security, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, Solution Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Cyber Security, Regional Outlook (Revenue - USD Billion, 2018 - 2030)