Learn about the global cybersecurity services market through The Business Research Company, which provides information on cybersecurity services market size, cybersecurity services market drivers and restraints, cybersecurity services market players, the COVID-19 impact on the cybersecurity services market, and more.

The global cybersecurity services market size is expected grow from $72.92 billion in 2021 to $82.42 billion in 2022 at a compound annual growth rate (CAGR) of 13%. 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 service market is expected to reach $134.88 billion in 2026 at a CAGR of 13.1%.

The increasing instances of massive cyber-attacks are a key factor driving the growth of the cybersecurity services market.

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The cybersecurity services market consists of sales of cybersecurity services that are used in IT and telecommunications and other industries. Cybersecurity refers to the collection of technologies, processes and practices designed to secure networks, computers, software and data against online attacks, destruction or data theft. Cybersecurity can also be identified as the security of information technology.

Global Cybersecurity Services Market Segments Include:

By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Others

By User Type: Large Enterprises, Small and Medium Enterprises

By Industry Vertical: Aerospace and Defense, BFSI, Public Sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the cybersecurity services market in 2021.

Leveraging AI, machine learning and blockchain technologies for cyber defense is a key trend in the cybersecurity services market. Cybersecurity vendors integrate artificial intelligence (AI) and machine learning principles into their solutions to tackle crucial hyper-connected workplace risks, with quicker identification, prevention and responsiveness capabilities, the advances in technology, such as AI and machine learning, turn the tables against cybercrime.

TBRC’s cybersecurity services market report covers:

Major Market Players: Cisco Systems, IBM Corporation, Microsoft, Check Point Software Technologies, Oracle, Trend Micro., Cyber Ark Software Ltd., FireEye Inc., Imperva Inc., ProofPoint, Inc., Micro Focus, RSA Security, Sophos, Splunk, Accenture, Capgemini, Cognizant, HCL Technologies Limited, Tata Consultancy Services, Wipro Limited, Qualys, Dell Technologies Inc., AVG Technologies NV and Intel Security (Intel Corporation).

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Cybersecurity Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cybersecurity services market overviews, analyzes and forecasts market size, share, cybersecurity services market players, cybersecurity services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cybersecurity services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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