Cybersecurity Market Growth 2022 Along with Global Industry Size, Industry Share and Forecast with Upcoming Trends 2029

 The global “Cybersecurity Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Cybersecurity Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

According to the market research report by Fortune Business Insights, cyber security market size was valued at USD 153.65 billion in 2022. The market is projected to grow from USD 172.32 billion in 2023 to USD 424.97 billion in 2030, exhibiting a CAGR of 13.8% during the forecast period.

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List of the Key Companies Profiled:

  • Cisco Systems, Inc. (U.S.)
  • IBM Corporation (U.S.)
  • Fortinet, Inc. (U.S.)
  • Proofpoint, Inc. (U.S.)
  • Microsoft Corporation (U.S.)
  • Palo Alto Networks, Inc. (U.S.)
  • Zscaler, Inc. (U.S.)
  • Broadcom, Inc. (U.S.)
  • F5 Networks, Inc. (U.S.)
  • Check Point Software Technologies (Israel)
  • Sophos Ltd. (U.K.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Cybersecurity Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Cybersecurity Market within the estimated period. Cybersecurity Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Cybersecurity Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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