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Worldwide spending on information security a subset of the broader cybersecurity market products and services exceeded 114 billion in 2018 an increase of 12 4 percent from 2017 according to gartner inc.
Cyber security market. It security and cyber risk defense are becoming more critical in today s changing digital environment. Cyber security market outlook 2025. Verizon s mobile security index 2019 and verizon mobile security index msi 2020 report january 2020 70 pp pdf no opt in the global cyber insurance market as measured by gross. Cyber security market growth is driven by the rising adoption of e commerce online platforms and the emergence of disruptive technologies such as artificial intelligence ai internet of things iot blockchain and others for instance in december 2019 palo alto networks inc.
Cyber security market size and growth 2020 2025 global cyber security market expected to reach 254 21 billion by 2025 growing at a cagr of 11 54 during the forecast period. According to a research report cybersecurity market by solution iam encryption utm antivirus antimalware firewall ids ips disaster recovery and ddos mitigation service security type deployment mode organization size industry vertical and region global forecast to 2023 published by marketsandmarkets the cybersecurity market is expected to grow to usd 248 3 billion by 2023. The global cybersecurity market size is forecasted to grow to 248 26 billion u s. The cyber security market size was valued at 104 60 billion in 2017 and is projected to reach 258 99 billion by 2025 growing at a cagr of 11 9 from 2018 to 2025.
Cybersecurity market growth trends and forecast 2020 2025 the market is segmented by product type solutions and services deployment on cloud and on premise end user industry aerospace defense and intelligence banking financial services and insurance bfsi healthcare manufacturing retail public utility it and telecommunication and geography. The major factors driving the cybersecurity market are increase in the frequency and sophistication of cyber attacks emergence of disruptive digital technologies like iot stringent data protection regulations for information security and increase in number of supply chain based attacks exploiting the software supply chain.
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