"Cybersecurity Trends: Forecasting Emerging Threats and Solutions in the Digital Age."

Cybersecurity Market Size is Projected to Reach USD 363.34 Billion by 2030, Growing at a CAGR of 9.68% From 2023-2030.

In addition, the market is expanding positively as a result of the spike in demand for cloud-based cyber security solutions. The expansion of the market is being hindered by organizational budget restrictions and the complexity of device security. However, it is anticipated that during the course of the projection period, the increasing use of mobile platforms and applications, the requirement for safe authentication techniques, and the growth.

The term "cybersecurity" describes the process of protecting internet-connected devices from various online threats. It involves preventing fraudsters from accessing networks or systems and also involves protecting data, software, and hardware. Businesses need cyber security to safeguard their data, cash, and intellectual property. People still need intellectual property protection for comparable reasons, even though it is less important and there is a higher chance of losing important data, such family photos. Thanks to cybersecurity, the general public may be able to depend on governmental organizations and public services.

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Growth of endpoint security segment due to increased BYOD trend :

As organizations embrace flexible work environments and remote collaboration, employees increasingly use personal devices such as laptops, smartphones, and tablets to access company networks and data. While BYOD policies enhance employee productivity and satisfaction, they also introduce new cybersecurity challenges, making endpoint security a critical component in safeguarding sensitive information.

The demand for advanced endpoint protection solutions is fueled by the need for organizations to secure a multitude of devices and ensure data integrity across various platforms. This presents a lucrative market opportunity for cybersecurity companies to develop and deliver robust endpoint security solutions, catering to the specific challenges posed by the increased adoption of BYOD practices.

Segments Covered :

By Type

• Solution
• Services

By Deployment Type

• Cloud
• On-Premise

By Software

• IAM
• Encryption and Tokenization
• Other Software

By End Users

• BFSI
• IT and Telecommunications
• Retail
• Healthcare
• Government
• Manufacturing
• Travel and Transportation
• Energy and Utilities

Key Industry Developments in the Cybersecurity Market:

• IBM has recently unveiled "Project Quantum Leap," a ground-breaking initiative aimed at advancing the realm of commercial quantum computing. This ambitious project signifies IBM's commitment to pushing the boundaries of quantum technology and marks a significant leap forward in the field. Additionally, IBM has forged a strategic partnership with NASA, focusing on collaborative efforts in asteroid detection.
• Fortinet launched Forti Recon which is a comprehensive Digital Risk Protection Service (DRPS) offering that manages a company's risk posture and advises meaningful action to protect its brand reputation, enterprise assets, and data. It provides a unique triple offering of outside-in coverage across External Attack Surface Management (EASM), Brand Protection (BP), and Adversary-Centric Intelligence (ACI).

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Cybersecurity Market Top Key Players:

NortonLifeLock (US)

• Rapid7 (US)
• Microsoft (US)
• Amazon Web Services (AWS) (US)
• Oracle (US)
• Fortinet (US)
• Palo Alto Networks (US)
• Imperva (US)
• Accenture (Ireland)
• CyberArk (US)
• SentinelOne (US)
• BluVector (US)
• F5 (US)
• F-Secure (Finland)
• Trend Micro (Japan)
• Micro Focus (UK)
• WiJungle (India)
• Aristi Labs (India)

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