Global Cybersecurity Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Global Cybersecurity Market Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Global Cybersecurity Market Insight:

The Global Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2024-30. 

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Global Cybersecurity Market Trend:

Increasing Inclination Towards a Zero Trust Security Model – In recent years, there has been a growing movement towards implementing the Zero Trust Security Framework, which is becoming the fundamental concept of not automatically trusting a user or device. Given the limitations of traditional perimeter-based security strategies to address cyber threats in today's complex environment, companies are adopting Zero Trust to strengthen their security measures and prevent unauthorized access to critical assets. In addition, source access is carefully monitored and confirmed using standards such as users' connections, device conditions, network conditions, and behavioral models.

Competitor Insight: Cybersecurity Market

This report focuses on major market participants like:

• IBM
• CISCO
• Microsoft
• Palo Alto Networks
• Fortinet
• Check Point
• Trellix
• Trend Micro
• Rapid7
• Open Text
• AWS
• Oracle
• Accenture
• Cyberack
• ZScaler
• Others

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Segmentation Summary: Cybersecurity Market

This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Cybersecurity Market, with notable highlighting on:

-By Security type

• Network Security
• Cloud Security
• Endpoint & IoT Security
• Application Security
• Others

The Application Security segment would account for a prominent share of the Global Cybersecurity Market in the coming years, as enterprises are rapidly shifting their operational activities online along with the adoption of digital solutions. Application usage is increasing, thus becoming more susceptible to cyber risks. These applications integrated with cloud services need advanced and specific security measures to combat the expanded cyberattacks. In software development, the agility of DevOps methodologies is highly required, which has enhanced the need for application security for identifying and mitigating vulnerabilities to cyber risks. Thus, regulatory compliance and data protection laws are being implemented by businesses to ensure application security and the protection of sensitive customer & business data. Therefore, the increased demand for application security solutions in the cybersecurity market has been bolstered by all of these factors.

-By Offering

• Solution- Market Size & Forecast 2019-2030, (USD Million)
• Services- Market Size & Forecast 2019-2030, (USD Million)

-By Solution Type

• Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
• Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
• Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
• Firewall- Market Size & Forecast 2019-2030, (USD Million)
• Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
• Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
• Patch Management- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

-By Deployment mode

• On-premises- Market Size & Forecast 2019-2030, (USD Million)
• Cloud- Market Size & Forecast 2019-2030, (USD Million)
• Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)

-By Organization size

• Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
• SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)

-By Vertical

• Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
• Government- Market Size & Forecast 2019-2030, (USD Million)
• Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
• Aerospace & Defense- Market Size & Forecast 2019-2030, (USD Million)
• Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
• IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
• Education- Market Size & Forecast 2019-2030, (USD Million)
• Retail & Ecommerce- Market Size & Forecast 2019-2030, (USD Million)
• Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
• Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
• Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
• Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
• Others (Education, Construction, Travel & Hospitality)- Market Size & Forecast 2019-2030, (USD Million)

Cybersecurity Market Geographical Reach:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Key Questions Addressed:

• Factors Driving Market Growth: Understand the primary drivers propelling the Cybersecurity market forward.
• Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
• Growth Projections: Gain insights into anticipated growth projections for the coming years.
• Geographical Hotspots: Identify geographical poised for significant market growth soon.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.

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