The Global Cyber Security Market Set To Grow By $190 Billion

Technavio has published its latest market Report Cyber Security Market – Forecast and Analysis 2021-2025. The report provides a comprehensive analysis of market size, growth rates, and market behaviour through 2025.

The global cyber security market has the potential to grow by US$189.70 billion between 2020 and 2025 and the market observed a year-over-year growth of 12.69% in 2021 and the growth is expected to accelerate at a CAGR of 14.97% during the forecast period.

The market is driven by the increasing adoption of mobile devices. Access to the Internet has significantly increased with the growth in the adoption of mobile devices such as mobile phones, laptops, and tablets. These devices hold a lot of personal and critical information that can be accessed by unauthorized users in case of the loss of a mobile device.

Also, the confidential information accessed by mobile devices is more prone to cyber attacks and hacking. All these factors are necessitating the need for advanced cybersecurity solutions, thereby driving the growth of the market.

Consequently,  the increasing access to the Internet has led to an increase in the cases of cyber threats. With the expansion of businesses across regions, there is an increased need for global data and information exchange.

Global business expansion has led to a significant increase in the number of employees travelling around the world. This has led to an increase in services offering security and access to secure networks from mobile devices.

Moreover, to eliminate the risk of cyber threats, end users are deploying cyber security solutions. The growing complexity of cyber attacks and growing awareness of security risks have forced end users to increase their IT spending on advanced security products.

According to Technavio, the adoption of the Internet of Things (IoT) will have a positive impact on the market and contribute to its growth significantly over the forecast period. Their report also analyses other significant trends and market drivers that will influence market growth over 2021-2025.

Enterprises across various industries are making significant investments in IoT technologies to ensure better connectivity and enhance productivity. The technology is being integrated with communication systems, devices, and services to improve the overall operational efficiency.

The adoption of the technology has increased the interaction between people and machines over a common wireless network, thereby making the organization susceptible to cyber threats.

This is forcing organisations implementing the IoT technology to invest heavily in cyber security solutions. This trend will have a positive impact on the growth of the market during the forecast period. "The implementation of firewall as a disruptive deception capability will further accelerate the growth of the market", says an analyst at Technavio.

The demand for cyber security solutions will be significant from the government agencies during the forecast period. The segment is driven by the increase in security installations in developed and developing countries and the increased contribution from homeland security and the defence sectors. Similarly, in terms of deployment, the market growth will be significant in the on-premises segment through 2025.

The North American region led the cyber security market in 2021, followed by Europe, APAC, South America, and MEA respectively.

During the forecast period, the North American market is expected to register the highest incremental growth due to factors such as increased adoption of cyber security solutions by end-user industries, the shift of conventional IT services to Internet-based IT systems, and increased government initiatives for the implementation of cyber security solutions.

Technavio:     Statista:     PRNewswire:      TC Vistor:    

You Might Also Read: 

The Cyber Security Market Is Booming:

 

« The Use Of Intellectual Property As An Instrument Of War
Germany Warns About Russian Anti-Virus Software »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

UK Cyber Week Expo & Conference

UK Cyber Week Expo & Conference

Award-winning event organiser ROAR B2B announces the launch of UK Cyber Week and its inaugural event on 4 and 5 April 2023 at the Business Design Centre, London.

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

Clayden Law

Clayden Law

Clayden Law are experts in information technology, data privacy and cybersecurity law.

Stratogent

Stratogent

Stratogent is a custom managed services organization based in San Mateo, California. We design, implement and support mission critical infrastructure

Site24x7

Site24x7

Site24x7 is an all-in-one performance monitoring solution for Networks, Websites, Servers and Applications.

Enigmedia

Enigmedia

Enigmedia provide solutions for the encryption of audio and video calls across all devices including Smartphones, Tablets and PCs.

Cologix

Cologix

Cologix provides reliable, secure, scalable data center and interconnection solutions from 24 prime interconnection locations across 9 strategic North American edge markets.

Qufaro

Qufaro

Qufaro is a new initiative designed to make it simpler for those with career ambitions in cyber security to access the UK’s cyber-specific education and innovation opportunities.

Altron

Altron

Altron provides locally relevant innovative and integrated ICT solutions to business, government and consumers.

Redbelt Security

Redbelt Security

Redbelt is a cyber security consultancy. We integrate people, systems, services and products to transform how your information security is delivered.

Arctic Wolf Networks

Arctic Wolf Networks

Arctic Wolf Networks delivers the industry-leading security operations center (SOC)-as-a-service that redefines the economics of cybersecurity.

Wipe-Global

Wipe-Global

Wipe-Global is specialized in data erasure with an international established service partner network.

Stealth-ISS Group

Stealth-ISS Group

Stealth–ISS Group is your extended IT, cyber security, risk and compliance team, providing strategic guidance, engineering and audit services, along with technical remediation and security operations.

Sprint Networks

Sprint Networks

Sprint Networks is a trusted compliance and risk program advisor which deliver cost-effective technology to reduce enterprise-wide risk.

R3I Ventures - House of DeepTech

R3I Ventures - House of DeepTech

The House of DeepTech is an incubator for deeptech entrepreneurs that are transforming global industries. Areas of interest include cybersecurity.

Punk Security

Punk Security

Punk Security are specialists in integrating security into DevOps pipelines, enabling rapid and secure development.

Vectra AI

Vectra AI

Vectra threat detection & response - see and stop threats across hybrid and multi-cloud enterprises.

Execweb

Execweb

Execweb are a cybersecurity executive network, comprised of 400+ security practitioners who work at Fortune 500 and SME companies.

CyberUp

CyberUp

CyberUp is a nonprofit organization created to strengthen the cybersecurity workforce. We help employers reimagine how they grow and scale their cybersecurity workforce.