Digital Fortification: Trends and Innovations in the Global Cyber Security Landscape (2025-2030)

 Industry Overview

The global Cyber Security Market witnessed remarkable growth, reaching $174.6 billion in 2023 and projecting to hit $342.3 billion by 2030, marking a steady CAGR of 10% throughout the forecast period (2025–2030). This surge is attributed to the escalating cyber threats and the widespread adoption of digital solutions across diverse industries. The Cyber Security Market plays a pivotal role in shielding internet-connected devices against various cyber risks, securing hardware, software, and data, and preventing unauthorized access to development networks. As businesses increasingly prioritize data, cash, and intellectual property protection, the global cyber security market is expected to experience substantial growth.

Get a sample report for free:​
https://www.vynzresearch.com/ict-media/cyber-security-market/request-sample


Cyber Security Market Highlights
Impact of COVID-19
The COVID-19 pandemic catalyzed digital business growth, intensifying the demand for robust digital presence. Businesses witnessed a 37% surge in cyber security attacks during the pandemic, emphasizing the need for cybersecurity services. Companies are now compelled to adopt cybersecurity services to streamline corporate governance, disclosure, workplace health and safety, data privacy, supply chain, and working capital, all of which were significantly impacted by the pandemic.


Market Segmentation
Insight by Component
The market segments into solutions and services based on components, with the solutions category dominating in 2023. However, the services category is anticipated to exhibit higher growth, driven by an increasing number of players offering security services against cyberattacks and growing concerns about data security and privacy.
The solutions category further subdivides into identity and access management, risk and compliance management, distributed denial of service mitigation, online filtering, security and vulnerability management, web filtering, unified threat management, firewalls, disaster recovery, data loss prevention, antivirus or antimalware, and intrusion detection systems. Online filtering solutions are expected to witness the fastest growth.
The market for cyber security services is categorized into managed and professional services, with managed services projected to experience higher growth.
Insight by Deployment Type
Based on deployment type, the market classifies into cloud-based and on-premise solutions. Cloud-based solutions are expected to grow faster due to the higher susceptibility of cloud systems to cyberattacks.
Insight by Security Type
The market categorizes into network, endpoint, wireless, application, cloud, and others based on security type, with the application category projected to grow at the highest rate.
Insight by Organization Size
The market divides into small and medium-sized businesses and large enterprises based on organization size. While large enterprises held a larger share in 2021, small and medium-sized businesses are anticipated to witness faster growth.
Insight by Vertical
Verticals encompass government and public utilities, aerospace and defense, BFSI, manufacturing, retail, healthcare, IT and telecom, and others. BFSI is expected to grow at the quickest rate due to being a prime target for cybercriminals, necessitating high-level protection.


Global Cyber Security Market Report Coverage
  • Report Metric: Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
  • Regions Covered: North America, Europe, Asia-Pacific, Middle East, and Rest of the World
Industry Dynamics
Growth Drivers
  1. Stringent Data Privacy Regulations: Increasing regulations regarding data privacy drive the demand for cybersecurity solutions.
  2. Rising Cyberattacks: The surge in cyber threats escalates the need for robust cybersecurity measures.
  3. Digital Solutions Adoption: Widespread adoption of digital solutions across industries fuels the demand for cybersecurity.
  4. Shift to Cloud-based Solutions: Organizations increasingly favor cloud-based solutions, triggering a demand for cloud security.

Challenges
  1. Budget Limitations: Constraints on security budgets in poorer nations impede market growth.
  2. Pirated Security Solutions: The rapid spread of pirated security solutions poses a challenge.
  3. Shortage of Security Specialists: The shortage of qualified security specialists hinders market expansion.

Geographic Overview
North America leads in cyber security consumption due to numerous businesses investing significantly in combating cyber threats. However, the Asia-Pacific market is expected to experience substantial growth, driven by a large population with internet access and growing awareness of combating cyber threats.

Competitive Insight
Major players include Hewlett Packard Enterprise, IBM Corporation, Accenture, McAfee Inc., Capgemini, Cognizant, F5 Networks Inc., FireEye Inc., HCL Technologies Limited, Symantec Corporation, Fortinet Inc., Check Point Software Technologies Ltd., Trend Micro Inc., Palo Alto Networks Inc., Cisco Systems Inc., Broadcom Inc, Sophos Ltd., Webroot Inc., F-Secure, Kaspersky Lab, Infosys Limited, L&T Technology Services Limited, PwC International Limited, Broadcom Inc., Tata Consultancy Services, Tech Mahindra Limited, Wipro Limited, and LogRhythm Inc.

Industry News & Updates
IBM reported a 6-fold increase in data breaches since the COVID-19 outbreak, indicating the urgent need for cybersecurity advancements. The rise of cybercrimes has fueled the demand for hi-tech innovations, such as cloud security and AI-integrated solutions.
The Cyber Security Market report provides comprehensive segmentation analysis and estimations for the forecast period 2023–2030, reflecting the dynamic landscape of the industry.

About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

Contact Us:
Address: H.O - 9591 Fontainebleau Blvd. 617 Miami Florida 33172 U.S.A
Phone: +91 9960 288 381
Toll Free:1 888 253 3960
Email: marketing@vynzresearch.com
Website: www.vynzresearch.com

Comments

Post a Comment

Popular posts from this blog

The Race Towards Lower Emissions: Forecasting the Global Automotive Catalytic Converter Market from 2022-2030

Image
 The global automotive catalytic converter market is expected to experience significant growth from 2022 to 2030. Catalytic converters are essential components of modern automobiles, helping to reduce harmful emissions and meet environmental regulations. According to a report by Market Research Future, the automotive catalytic converter market is expected to grow at a CAGR of 7.86% during the forecast period. The increasing demand for low-emission vehicles, stringent emission regulations, and growing automotive production are some of the key factors driving the market's growth. The market is segmented based on type, material, and region. By type, the market is segmented into two-way catalytic converter, three-way catalytic converter, and others. The three-way catalytic converter segment is expected to dominate the market during the forecast period due to its ability to reduce multiple pollutants simultaneously. By material, the market is segmented into ceramic, metallic, and other...
Read more

"Future Outlook: Forecasting the Global TIC Market for Childcare Products & Toys (2023-2030)"

Image
  Introduction: The childcare products and toys industry is a vibrant and rapidly growing sector that caters to the needs of infants, toddlers, and children. With an increasing emphasis on child safety and product quality, the Testing, Inspection, and Certification (TIC) market plays a vital role in ensuring the safety, reliability, and compliance of childcare products and toys. According to VynZ Research's analysis, the global  TIC market for the childcare products and toys industry  is poised for significant growth from 2023 to 2030. This article provides a comprehensive analysis of the market trends, drivers, challenges, and future prospects of the global TIC market, offering valuable insights for stakeholders, manufacturers, retailers, and consumers. Safety First: Exploring the Global TIC Market for Childcare Products & Toys Industry: Child safety is of utmost importance in the childcare products and toys industry. This section provides an overview of the global T...
Read more

"Europe's Renewable Energy Push: Opportunities in the TIC Market for Energy & Power Industry"

Image
  Introduction: In an ever-evolving energy and power industry, ensuring compliance, reliability, and safety standards are crucial for sustainable growth. This has led to a growing demand for Testing, Inspection, and Certification (TIC) services to meet the stringent regulatory requirements and enhance operational efficiency. According to a recent report by VynZ Research, the Global TIC Market for  Energy & Power Industry  is poised for substantial growth during the forecast period of 2023 to 2030. This article provides an overview of the market trends, key drivers, challenges, and growth opportunities in this dynamic sector. Rising Emphasis on Quality Assurance and Regulatory Compliance: In the energy and power industry, quality assurance and regulatory compliance play a vital role in ensuring the safety and reliability of operations. With the increasing adoption of renewable energy sources, grid modernization, and energy efficiency measures, the demand for TIC servic...
Read more