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Cyber Security Market Size to Boost USD $177.5 billion By 2026 | CAGR 8.5% – IndustryARC

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Cyber Security Market Size to Boost USD $177.5 billion By 2026 | CAGR 8.5% – IndustryARC

September 01
22:52 2022
Cyber Security Market Size to Boost USD $177.5 billion By 2026 | CAGR 8.5% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Cyber Security Market size is forecast to reach $177.5 billion by 2026, estimated to grow at a CAGR of 8.5% during 2021-2026. The increasing demand for cloud-based cybersecurity systems in order to reduce data loss are also enhancing the growth of the market.

IndustryARC, in its latest report, predicts that Cyber Security Market size is forecast to reach $177.5 billion by 2026, estimated to grow at a CAGR of 8.5% during 2021-2026. The rising demand for network and endpoint security, information technology security mobile security, behavioral detection is fueling the growth of the market during the forecast period. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Key takeaways:

This IndustryARC report on the cobalt Cyber Security Market highlights the following areas –

1. In 2020, the Cyber Security market was dominated by North America owing to the increasing use of prevalent technology which has raised the risk of cyber threat leading to the need for cybersecurity solutions.

2. The rising demand for cloud-based cybersecurity solutions in order to store and secure data during data loss or data breaches has driven the growth of the market

3. The rapid advancement of artificial intelligence leading to the introduction of technologies such as machine learning and deep learning which will enhance the growth of the market.

4. The rising security threats due to the increasing use of Blockchain systems and IoT threats are making difficult to detect cyber-attacks which is hampering the market growth.

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=15646

 

Segmental Analysis:

1. Cloud segment held the largest market share of 53.1% in the Cybersecurity market in 2020. The growing of massive store applications in order to store and secure data with advanced security methods are driving the need for cloud-based security solutions.

2. The telecom sector is estimated to grow at a CAGR of 10.2% during the forecast period 2021-2026. The GSM Association (GSMA) predicted that quantum computing will be a destabilizer for the telecom sector, making Public Key Infrastructure (PKI) obsolete in the near future.

3. In 2020, North America dominated the Cyber Security market with a share of more than 40.2%, followed by Europe and APAC. The growing use of technology and data has led to the rise of most vulnerable cyber threats and crimes which is leading to the growth of this market in this region.

 

Competitive Landscape:

The top 5 players in the Cyber Security industry are –

1. FireEye

2. IBM Corporation

3. Oracle

4. Microsoft

5. Juniper Networks

 

Click on the following link to buy the Cyber Security Market Report:

https://www.industryarc.com/reports/request-quote?id=15646

 

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Email: [email protected]

USA: (+1) 614-588-8538, (+1) 815-656-4596

 

Similar Reports:

A. Cyber Security Market In Healthcare

https://www.industryarc.com/Report/17946/cyber-security-market-in-healthcare.html

B. Cyber Security Market In Fintech

https://www.industryarc.com/Report/17945/cyber-security-market-in-fintech.html

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
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Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Report/15646/cyber-security-market.html

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