Global Market Size of Cybersecurity Market – 10 Year Market Forecast

ICT

Cybersecurity Market Size Forecast 2022-2029

Cybersecurity is estimated to have a market value of USD 287.61 Billion in the year 2022 and is expected to grow to USD 499.96 Billion by the year 2029, giving a CAGR of 8%. Increasing cyber security incidents and regulations requiring their reporting could drive the market towards growth. However, high reliance on traditional authentication methods could restraint this growth.

Frequently Asked Questions(FAQ)

• By Vertical, which sub segment is expected to contribute the most to this market during the forecast period?

• By Vertical, Government and Defence segment is expected to contribute the most to this market during the forecast period.
• Which region is expected to dominate the market during the forecast period?

• North America is expected to dominate the market during the forecast period.
• Which region is expected to have the lowest share during the forecast period?

• ROW is expected to have the lowest share in this market during the forecast period.
• By Component, which sub segment has the larger share of this market during the forecast period?

• By Component, Service segment has the larger share of this market during the forecast period.
• What is Global Market Database?

• Global market database is a cloud based market research tool that is a key secondary research source which provides information across the Cybersecurity market in addition to other industry verticals.

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