The global cybersecurity market size is expected grow from $181.12 billion in 2021 to $201.33 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cybersecurity market is expected to reach $307.70 billion in 2026 at a CAGR of 11.2%.
What is the Global Cybersecurity Market?
The cybersecurity market consists of sales of cybersecurity software and related services. Cybersecurity is a practice of protecting the network, computers, mobile devices, hardware, electronic systems, and data from digital or malicious attacks. It is also known as electronic information security and information technology security. Cybersecurity can be segregated into categories including network security, application security, information security, operational security, and others.
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What drives the Global Cybersecurity Market?
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. According to Kaspersky, the global cyber threats are developing rapidly with the mounting number of data breaches. 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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Global Cybersecurity Market Segments
The global cybersecurity market is segmented:
By Solution: Network Security, Cloud Application Security, End-Point Security, Secure Web Gateway, Internet Security, Others
By Enterprise Size: Small and Medium Enterprise, Large Enterprise
By Deployment Type: Cloud, On Premises
By End-Use: BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities, Others
By Geography: The regions covered in the cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cybersecurity Global Market Report 2022provides market size and growth forecasts for the global cybersecurity market, global cybersecurity market share, cybersecurity market segments and geographies, cybersecurity market competitive landscape including leading competitors’ revenues, profiles and market shares. The cybersecurity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cybersecurity Industry Playersinclude AVG Technologies NV, Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks, FireEye, Forcepoint, Fortinet, F-Secure, IBM Corporation, Imperva, Juniper Networks, McAfee, Micro Focus, Microsoft, Oracle, Palo Alto Networks, Proofpoint, Qualys, Rapid7, RSA Security, Sophos, Splunk, Symantec and Trend Micro. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
