#CyberSecurityMarket
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#DatabaseSecurity#Cybersecurity#DataProtection#InformationSecurity#DataPrivacy#CyberDefense#CyberThreats#DataSecurity#SecuritySolutions#CyberSecurityMarket#DataEncryption#DataSecurityTrends#NetworkSecurity#ITSecurity#CyberSec#InfoSec#DataBreach#CyberAttacks#DataSecuritySolutions#DigitalSecurity
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Growing Sophistication of Cyberattacks Propels Global Cyber Security Market Growth
According to the estimations put forth by Inkwood Research, the Global Cyber Security Market is predicted to register a CAGR of 9.82% in terms of revenue during the forecasting years of 2023-2032.
“Browse 104 Market Data Tables and 75 Figures spread over 320 Pages, along with an in-depth TOC on the Global Cyber Security Market Forecast 2023-2032.”
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In today's digital age, cybersecurity has become a pivotal component of our interconnected world. As organizations, governments, and individuals rely increasingly on digital technologies, the need for robust cybersecurity solutions has surged.
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Increasing Frequency and Sophistication of Cyberattacks: Primary Growth Driver
The increasing frequency and growing complexity of cyberattacks pose an escalating threat to our modern digital society, primarily driven by the ever-expanding attack surface. With the rapid proliferation of digital devices and the Internet of Things (IoT), hackers have a wide range of potential targets. These encompass traditional computers, smartphones, smart home devices, industrial control systems, and vehicles. Each new connected device introduces a possible vulnerability that malicious actors can exploit.
Advanced Persistent Threats (APTs) stand out as a critical factor in the intensification of cyberattacks. APTs are highly sophisticated, long-term campaigns usually conducted by nation-state actors or well-funded criminal organizations. These attacks involve meticulous planning and extensive surveillance at multiple stages, rendering them exceptionally difficult to identify and counter effectively.
Ransomware attacks have surged in both popularity and sophistication. Cybercriminals utilize advanced encryption methods and demand substantial ransoms in cryptocurrency. These attacks have transformed into a profitable enterprise, attracting more individuals to engage in cybercrime.
IAM: Dominating Solution
Identity and Access Management (IAM) is an essential component of cybersecurity, encompassing the procedures, policies, technologies, and methodologies employed by organizations to govern and regulate access to their resources, systems, and data. IAM plays a pivotal role in safeguarding an organization's digital assets, ensuring their security, confidentiality, integrity, and availability.
IAM systems oversee user authentication, guaranteeing that exclusively authorized users can gain access to systems and data. This typically involves the utilization of usernames, passwords, and multi-factor authentication (MFA) to verify the identities of users. Following authentication, IAM systems implement access controls and permissions to determine the actions users are permitted to execute and the resources they can reach. This is generally based on the principle of least privilege, guaranteeing that users possess only the minimum access required to carry out their job responsibilities.
North America: Largest Revenue-Generating Region
The region faces a diverse range of cyber threats, from ransomware attacks to data breaches. The sophistication of cybercriminals requires constant innovation in cybersecurity solutions. Stringent data protection regulations such as GDPR and CCPA have pushed organizations to invest heavily in compliance and data security measures.
Further, the adoption of a Zero Trust security model is gaining momentum, with organizations emphasizing continuous verification and the principle of "never trust, always verify." As more organizations migrate to cloud environments, cloud security solutions are in high demand to protect sensitive data stored in the cloud.
Some of the prominent players in the market are Cisco Systems Inc, Check Point Software Technology Ltd, Fortinet Inc, International Business Machines Corporation, etc.
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About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.
#cybersecuritymarket#cybersecurity#INFORMATIONTECHNOLOGY#SECURITY#inkwoodresearch#marketresearchreports
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The Africa Cybersecurity Market is Segmented by offering (Security type (Cloud security, Data security, Identity Access Management, Network Security, Consumer security, Infrastructure protection) and services), Deployment (Cloud, On-premise), End-user (BFSI, Healthcare, Manufacturing, Government and Defense, and IT and telecommunication), and Geography.
#cybersecuritymarket#cybersecuritymarketsize#cybersecuritymarketshare#market research reports#researchreports
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Cybersecurity Market
The global Cybersecurity market was valued at 140580 million in 2021 and is projected to reach US$ 262330 million by 2028, at a CAGR of 9.3% during the forecast period 2022-2028.
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#cybersecurity#cybersecuritymarket#cybersecuritymarketsize#cyberawareness#computingsecurity#cybersecuritynetworksecurity#networksecurity#ict#ictmedia#ictmediamarket#statsmarketresearch
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#Automotive Cybersecurity Market#AutomotiveCybersecurityMarket#AutomotiveCybersecurity#CybersecurityMarket#Cybersecurity#AutomotiveCybersecurityMarketSize#AutomotiveCybersecurityMarketShare#AutomotiveCybersecurityMarketGrowth#AutomotiveCybersecurityMarketTrends#AutomotiveCybersecurityMarketAnalysis#AutomotiveCybersecurityMarketOutlook#AutomotiveCybersecurityMarketOverview
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Execweb is a Cybersecurity Referral Executive Network facilitating professional 1:1 virtual meetings and virtual roundtables between cybersecurity vendors and security practitioners (CISOs, Heads of Security, etc.) to form mutually beneficial business partnerships.
Website: https://www.execweb.com/
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The need for cyber solutions is especially pronounced in the government market, where protecting critical data, infrastructure and national security assets is of the utmost importance.
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The surge in the trend of #iot & #byod, rise in threats of malware and phishing among enterprises and increase in demand for cloud-based #cybersecurity solutions facilitate the growth in the global #cybersecuritymarket.
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The cybersecurity market for application security is expected to grow at an accelerated pace in the coming years. North America accounted for most of the cybersecurity market in 2016.
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Vietnam Cybersecurity Market is Segmented by Offering (Security Type, and Services), by Deployment (Cloud, On-Premise), and by End User (BFSI, Healthcare, Manufacturing, Government and Defense, IT and Telecommunication).
#cybersecuritymarket#cybersecuritymarketsize#cybersecuritymarketshare#marketresearchreports#researchreports
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The global cyber security market size was around $140 billion – $150 billion in 2018, and the opportunities will be growing at a healthy CAGR of 8% during the forecast period 2019-2025.
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An increase in user preference for public transportation & the growing demand for smart transportation and the IoT will propel the Railway Cybersecurity Market
#railway cybersecurity market#Railway#railway cybersecurity#RailwayCybersecurity#Cybersecurity#CybersecurityMarket#RailwayCybersecurityIndustry#RailwayCybersecurityMarket#RailwayCybersecurityMarketSize#RailwayCybersecurityMarketShare#RailwayCybersecurityMarketGrowth#RailwayCybersecurityMarketTrends#RailwayCybersecurityMarketAnalysis#RailwayCybersecurityMarketOutlook#RailwayCybersecurityMarketOverview#RailwayCybersecurityMarketInsight#RailwayCybersecurityMarketReport
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Cyber Security Market to Reflect Impressive Growth Rate During 2017 – 2025
Enterprises are increasingly deploying cyber security products and solutions in order to protect confidential data from security impeachment. Today, cyber security has become an essential mechanism to block perilous cyber threats. In 2016, the global market for cyber security stood at US$ 76,400 Mn and projected to grow to US$ 205,810.4 Mn by 2025, reflecting a CAGR of 12% during the forecast period. The increasing application of cloud-based services in multiple workloads including data backups, Email services, ERP, CRM, and collaboration services is expected to drive the growth of global cyber security market in 2017 and beyond.
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The cost of cloud-based services is comparatively cheaper, as these services require a very minimum IT infrastructure setup. However, cloud deployment increases vulnerabilities in software and often makes it easy to access. Therefore, many companies are shifting towards the adoption of cyber security solutions to secure their workloads on the cloud. In addition, robust digitization across the globe continue to create the possibility of new cyber threats, hence, compelling enterprises to opt for cyber security solutions in order to tackle unethical hacking and malignant cybercrimes.
Persistence Market Research (PMR) in its report titled “Cyber Security Market: Global Industry Analysis and Forecast 2017-2025” projects that the cyber security market in North America will retain its top spot over the assessment period. By 2025-end, the region’s cyber security market is expected to surpass a valuation of US$ 67,142 Mn. Meanwhile, adoption of cyber security technologies in Asia Pacific (APAC) remains strong, hence, the market in the region is anticipated to witness the highest growth rate during the forecast period. In terms of growth, cyber security market in the Middle East & Africa region is also expected to witness an impressive growth rate despite having a significantly smaller market size.
The report also cites that the arrival of several cutting-edge security services for IoT coupled with the escalating demand for next generation security solutions is bringing lucrative business propositions for market players. IBM Corporation, Microsoft Corp., Lockheed Martin, Intel Corp., Secureworks, Symantec Corporation, Verizon Communication Inc., Sophos, Check point software technologies, and Trend Micro rank amongst the top notch companies in the globe having expertise in cyber security solutions.
Browse Research Report: https://www.persistencemarketresearch.com/market-research/cyber-security-market.asp
Additional Excerpts From the Report Include:
Managed security emerged as one of the most preferred cyber security technology in recent years. Adoption of managed security services is growing rapidly in order to ease up operations and management in various domains such as banking, telecommunications, and healthcare.
Based on components, cyber security services will continue to have a higher preference than cyber security software and hardware throughout the assessment period.
In 2017 and beyond, deployment of cyber security solutions is expected to remain robust in telecommunication and banking sectors. Incidentally, these two sectors account for sizable revenues shares of the global cyber security market.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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Know about CybersecurityMarket Featured Review and Trend Analysis Report includes Top ...
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