2024 Antivirus Software Market Summary: 5 Key Findings
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What Growth Projections are in Place for the Antivirus Software Market Between 2024-2033?
Continued growth has been observed in recent years within the antivirus software market, with projections indicating an increase from $4.09 billion in 2023 to $4.23 billion in 2024, showcasing a compound annual growth rate (CAGR) of 3.5%. The expansion during the historical phase can be credited to the escalating issues surrounding cybersecurity threats, augmented internet usage and connectivity, concerns about data privacy, risks concerning business and finance, along with government and regulatory compliance.
The market size for antivirus software is predicted to experience a consistent increase in the coming years, reaching a value of $5.1 billion by 2028, with a compound annual growth rate (CAGR) of 4.8%. The anticipated growth during the forecast period can be ascribed to aspects like ransomware and advanced persistent threats (APTs), incorporation with endpoint security, and security concerns pertaining to the Internet of Things (IoT). The projected period is expected to witness prominent trends such as mitigation and protection against ransomware, mobile security solutions, security automation and orchestration, prevention of identity theft and phishing, as well as features ensuring regulatory compliance and data privacy.
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What Are the Major Factors Contributing to the antivirus software Market Expansion?
The rise in cyber-attacks is expected to fuel the antivirus software market’s expansion in the future. A cyberattack, engineered to disrupt, impair, destroy, or manipulate a computer or other device from the virtual space, has seen a rise. The number of ransomware attacks and data breaches on computers, laptops, and mobile devices is rising, often committed using viruses or malware. Antivirus software has the capability to stop or block this virus or malware, thereby protecting against cyberattacks. As an example, the Australian Cyber Security Centre, a cyber security organization based in Australia, reported receiving 76,000 cybercrime reports in 2022, which is almost a 13% increase from the previous financial year. Thus, the rise in cyber-attacks pushes the antivirus software market to expand.
Which Key Segments Shape the Antivirus Software Market?
1) By Type: Computers, Tablets, Smart Phones, Other Types
2) By Operating System: Windows, MAC, Android Or IOS Or Linux
3) By End User: Corporate, Personal, Government
What Are the Transformative Trends Influencing the Antivirus Software Market?
The increasing popularity of cloud-based antivirus is shaping the trend within the antivirus software market. This kind of antivirus, also known as cloud antivirus, leverages a cloud-powered server to perform its tasks, thereby preventing the computer from being overloaded with an antivirus program. It safeguards PCs, laptops, and mobile devices through behavior-driven screening and regularly updates malware software that can facilitate data transmission. A 2021 report from Tracxn Technologies Limited, a software corporation based in India, revealed that leading firms such as Malwarebytes, Avast, Panda Security, Qihoo 360 Technology, and AVG Technologies are utilizing cloud-based antivirus technologies.
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What Regions Are Leading the Growth Trajectory of the Antivirus Software Market?
North America was the largest region in the antivirus software market in 2023. Europe was the second-largest region in the antivirus software market share. The regions covered in the antivirus software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Antivirus Software Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the antivirus software market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Antivirus Software Market Include
1. Antivirus Software Market Executive Summary
2. Antivirus Software Market Segments
3. Antivirus Software Market Size And Template Market Growth Rate
4. Key Antivirus Software Market Trends
5. Major Antivirus Software Market Drivers
……
25. Key Mergers And Acquisitions In The Antivirus Software Market
26. Top Antivirus Software Companies
27. Antivirus Software Market Opportunities And Strategies
28. Antivirus Software Market, Conclusions And Recommendations
29. Appendix
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