The Cybersecurity Global Market Report 2023 by The Business Research Company, provides cybersecurity market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Cybersecurity Global Market Report 2023, the market size is expected to grow from $201.33 billion in 2022 to $223.7 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global cybersecurity is expected to grow to $338.84 billion in 2027 at a CAGR of 10.9%.
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.
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The cybersecurity market is segmented:
1) By Solution: Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security, Other Solutions
2) By Enterprise Size: Small & Medium Enterprise, Large Enterprise
3) By Deployment Type: Cloud, On Premises
4) By End-Use: BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities, Other End-Uses
Increasing government investments in cybersecurity solutions is a major trend shaping the growth of the cybersecurity industry. For instance, in September 2022, the Department of Homeland Security (DHS), a US federal executive department responsible for public security launched a $1 billion investment to fund its first-ever cyber grant program customized especially for state, local and territorial governments across the country. This will aid governments to address cybersecurity risks such as identifying key vulnerabilities, eliminating threats and bolstering critical infrastructure. Thus, increasing investments by the governments globally are likely to create large avenues for expansion for the players operating in the cybersecurity market over the forthcoming years
The cybersecurity market report table of contents includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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26. Company Profiles
27. Key Mergers And Acquisitions
28. Opportunities And Strategies
29. Cybersecurity Market, Conclusions And Recommendations
30. Appendix
Top Major Players:
- AVG Technologies NV
- Check Point Software Technologies
- Cisco Systems
- CyberArk
- F5 Networks
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