Cyber Security Market Report 2022: Sector to Reach $657.02 Billion by 2030 at a 12.8% CAGR – Yahoo Finance




DUBLIN, Jan. 21, 2023 /PRNewswire/ — The “Cyber Security Market by Component, Security Deployment Mode, Organization Size, Vertical – Global Opportunity Analysis and Industry Forecast 2022-2030” report has been added to  ResearchAndMarkets.com’s offering.
Cyber security market size was valued at USD 197.4 billion in 2021, and is predicted to reach USD 657.02 billion by 2030 with a CAGR of 12.8% during the forecast period, 2022 to 2030.

Rise in number of cyber-attacks from hackers and data miners, which can maliciously disable computers, steal data, or use a breached computer as a launch point for other attacks is thus expected to fuel the Cyber security market share.

However, high cost for small and medium size enterprises hinders the cyber security market trends. On the contrary, introduction of blockchain cybersecurity is expected to create ample opportunities for key players operating in the cyber security industry during the coming decade.
Market Dynamics
Drivers
Rise in Threats of Phishing and Malware Among Businesses
Increase in Adoption of the Internet of Things, AI, and BYOD Trend by Various E-Commerce Platforms
Increase in the Number of Cyber-Attacks
Restraints
High Cost for SMEs and Lack of Cybersecurity Experts
Opportunities
Introduction of Blockchain Cybersecurity
Segment Overview

The global Cyber security market is segmented on the basis of component, security, deployment mode, organization size, vertical, and region.
By component, the market is classified into hardware, software, and services.
By security, the market is segmented into network security, endpoint security, application security, cloud security, and others.
By deployment mode, the market is categorized into cloud and on-premise.
By organization size, the market is divided into small & medium-sized enterprises and large enterprises.
By vertical, the market is divided into BFSI, IT & telecommunication, healthcare, retail, manufacturing, energy & utilities, government, travel & transportation, and others.
Region wise, the market is segmented into North America, Europe, Asia-Pacific, and RoW.
Regional Analysis

North America market is projected to hold a dominant share by 2030.

North America dominates the Cyber security market share and is potently expected to remain dominant throughout the forecast period. This is attributed to high adoption of cyber security solutions owing to surging cases of cyber-attacks in North America, especially in government and education sectors propel growth of the market. For instance, in February 2020, the economy ministry of Mexico detected an intrusion on some of its servers, but no sensitive information got leaked as some Internet Service Providers (ISPs) temporarily isolated their networks and servers.

In addition, introduction of various laws and regulations to prevent cybercrimes in the region further increases growth of the market. For instance, in June 2022, the government of Canada introduced Bill C-26, an Act Respecting Cyber Security (ARCS). This proposed legislation protects Canadians and bolster cyber security across financial, telecommunications, energy, and transportation sectors, which in turn drives the cyber security market growth.

Key Market Players

Emerging and efficient key players in the cyber security industry research include companies such as:
IBM
Cisco Systems Ltd.
Norton Lifelock
Fortinet Inc.
Check Point Software Technologies Ltd.
Trend Micro
Amazon Web Services
Microsoft
Proofpoint Inc.
Trellix
Palo Alto Networks
Recent Developments
September 2022

Norton LifeLock announced its commitment of Cybersecurity Awareness Month campaign, It’s Easy to Stay Safe Online. Cybersecurity Awareness month will provide access to resources that help keep people safe and secure online. These resources are available to all consumers, small and medium-sized businesses, corporations, educational institutions, and young people worldwide.

April 2022

Fortinet Inc announced the launch of Security Awareness and Training service for companies for protection of their security posture by advancing their employees’ cybersecurity skillsets and knowledge.

June 2022

IBM aquired cybersecurity platform Randori, as Randori helps in identify external-facing assets, both on-premise or in the cloud, that are visible to attackers. The company also announced that by this acquisition the company will strengthens its portfolio of AI-powered cybersecurity products and services.

May 2022

Microsoft launched three new cybersecurity services for businesses in an effort to provide more support in the battle against ransomware and other online threats. The three new services will be placed under an umbrella service category that also includes Microsoft’s pre-existing security services such as Microsoft Security Services for Incident Response.

May 2022

Cisco System Ltd launched a cybersecurity assessment tool to enable small and medium-sized businesses (SMBs) in the Asia Pacific for understanding their overall security posture. The new online assessment tool assesses the cybersecurity readiness of each organization through the lens of Zero Trust, the concept that all attempts to access an organization’s network architecture is not granted until trust can be verified.

Key Topics Covered:

1. Introduction

2. Cyber Security Market – Executive Summary

3. Market Overview

4. Market Share Analysis

5. Global Cyber Security Market, by Component

6. Global Cyber Security Market, by Security Type

7. Global Cyber Security Market, by Deployment Mode

8. Global Cyber Security Market, by Organization Size

9. Global Cyber Security Market, by By Vertical

10. Global Cyber Security Market, by Region

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/qhi8bq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/cyber-security-market-report-2022-sector-to-reach-657-02-billion-by-2030-at-a-12-8-cagr-301727163.html
SOURCE Research and Markets
If Microsoft is giving soft guidance, investors are wondering what awaits these three hypergrowth cloud stocks.
These companies are well positioned to earn the title "tech giant" a decade or two down the road.
Datadog and Snowflake are shaping the future, and it might be worth betting on them for the long term.
Apple (NASDAQ: AAPL) is the world's largest company, Warren Buffett's largest holding, and one of the most successful stocks of this millennium. In order to improve its products and maintain or expand its already-high margins, Apple has embarked on a new strategy: to design more and more of the semiconductors that will go into its smartphones, computers, and other electronic devices. This plan entails some risk, but also could deliver a lot of advantages for Apple if it's successful.
BlackBerry Limited (NYSE: BB; TSX: BB) today released its Global Threat Intelligence Report, highlighting the volume and model of threats across a range of organizations and regions, including industry-specific attacks targeting the automotive and manufacturing, healthcare and financial sectors. After the success and continued demand for its annual threat report, BlackBerry has switched to a quarterly cadence to match the speed adversaries evolve to provide a more holistic view of the threat lan
T-Mobile (NASDAQ: TMUS) saw its stock price climb over 20% last year, while AT&T (NYSE: T) shares remained roughly flat and Verizon (NYSE: VZ) stock fell over 24%. As we start 2023, T-Mobile looks like it could maintain that momentum, with the stock continuing to outperform its rivals. Here's why T-Mobile is my favorite telecom stock for 2023.
Developed with Sony Group Corp, the headset will have two ultra-high-resolution displays to handle the VR aspects and a collection of external cameras to enable an augmented reality "pass-through mode", the report said. It added that the tech giant was working to update its own Apple TV+ material to work with the headset.
Nvidia Corp Chief Executive Officer Jensen Huang on Tuesday said that the burgeoning field of artificial intelligence will create powerful tools that require legal regulation and social norms that have yet to be worked out. Huang is one of the most prominent figures in artificial intelligence because Nvidia's chips are widely used in the field, including in a supercomputer that Microsoft Corp built for startup OpenAI, in which Microsoft said Monday it was making a multibillion-dollar investment.
Ethereum posts a lukewarm response to this week's successful test of the blockchain's upcoming Shanghai upgrade.
Alphabet's video platform is now one of the most popular streaming channels and has plans that could potentially disrupt Roku's business model.
Microsoft reported better earnings per share than Wall Street expected, but it's cloud business continues to slow.
The Competition and Markets Authority (CMA) said in November it was investigating whether the deal between the two U.S.-listed companies could substantially hurt competition in Britain, adding that it had until March 22 to decide. Broadcom and VMware did not immediately respond to Reuters' requests for comment.
Apple is launching a new ad and in-store program meant to highlight its data privacy capabilities.
The best 5G stocks to invest in will change as smartphone apps, enterprise services and the metaverse develop over time.
In today's Action Alerts PLUS Daily Rundown, Chris Versace explains why he has an eye on Elevance Health , Microsoft and Walmart . He also gives further context on AMN Healthcare following Tuesday's drop in the company's share price.
Microsoft Corp.’s popular Teams and Outlook software were hit by a global outage, with tens of thousands of users reporting that the products were down early Wednesday, before the service was restored.
Zelle, among a growing number of money transfer apps, does not charge a fee for instant transfers. Learn more about its pros and cons.
Meanwhile, Block (NYSE: SQ) has seen its share price plunge 75%, marking its sharpest decline as a public company. Block is gaining momentum in the Square and Cash App ecosystems, and it remains well positioned to capitalize on a large and growing addressable market. Through Square, Block provides an integrated suite of hardware, commerce software, and banking services that help sellers manage their businesses across online and offline locations.
If you have an iPhone, iPad, or Mac, your Apple ID is among your most important digital accounts. If it is compromised, bad actors can access your iCloud information, see your location, or outright steal your devices from you. Keeping your Apple ID safe is obviously paramount. While code-based two-factor authentication (2FA) has been Apple’s go-to way to protect your account for years, with the latest update to iOS 16.3, you can now use physical security keys to lock up your Apple ID from would-
What's in your digital wallet? Every major US bank is hoping it'll be one of them. Wells Fargo, Bank of America, JPMorgan Chase, and four other…

source


CyberTelugu

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top

Adblock Detected

Please consider supporting us by disabling your ad blocker

Refresh Page