Market Insights report
Cyber Solutions are automated technologies that help monitor, detect, report, counter, and secure organizations against the risk of cyberattacks, which can cause phishing, information extortion, data breaches, etc. These solutions include application security, cloud security, data security, and network security.
This market segment is still achieving significant growth, with US$77.09 billion in 2023 and an estimated US$148.32 billion by 2029.
What's included?
The COVID-19 pandemic drove the rapid shift toward digital transformation. As digital transformation has grown, the security market has grown with it. What's clear is that there is a huge demand for cybersecurity solutions in 2023. After an initial decrease in 2020, this segment bounced back strongly and is predicted to reach a peak in response to Russia’s invasion of Ukraine. With more and more devices connected to the cloud, an increasing number of organizations have been adding cybersecurity to their focus. Therefore, in the revenue contribution of the Cyber Solutions segment, the subsegment Cloud Security has demonstrated the most robust development: 29.3% in 2023.
Overview
Overview
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