The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising scale of cyber threats are expected to drive innovation in cybersecurity manufacturing, thus driving the market during the forecast period.

The global cybersecurity market 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 global cybersecurity market size is expected to grow to $338.84 billion in 2027 at a CAGR of 10.9%.

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Global Cybersecurity Market Segments Include:

• By Solution: Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security, Other Solutions
• By Enterprise Size: Small & Medium Enterprise, Large Enterprise
• By Deployment Type: Cloud, On Premises
• By End-Use: BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities, Other End-Uses
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cybersecurity market in 2021.

Major Market Players in the cybersecurity market include AVG Technologies NV, Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks, FireEye, Forcepoint, Fortinet.

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 Global Market Report 2023  provides a cybersecurity market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cybersecurity market forecast analyzes cybersecurity market size, cybersecurity market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cybersecurity is the protection of Internet-connected systems against cyber threats such as hardware, software, and data.

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