Global Cybersecurity Strategic Business Report 2024: Market to Grow by Over $110 Billion During 2023-2030 - Cloud Security Innovation Drives Growth in Cyber Defense Capabilities - ResearchAndMarkets.com

The "Cybersecurity - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Cybersecurity is estimated at US$198.9 Billion in 2023 and is projected to reach US$309.7 Billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

As global data privacy regulations evolve, the trend towards adopting sovereign cloud solutions is gaining momentum, aimed at complying with data sovereignty laws and protecting sensitive data from unauthorized access. Simultaneously, Continuous Threat Exposure Management (CTEM) programs are emerging as essential for organizations to proactively assess and mitigate vulnerabilities in both digital and physical assets. Such programs enable companies to prioritize security investments more effectively, leading to substantial reductions in security breaches.

Additionally, the growing emphasis on an identity-first security approach highlights the expansion of IAM's role in contemporary cybersecurity strategies. This approach prioritizes fundamental security measures such as system hardening and rigorous identity verification, which are crucial for maintaining robust cybersecurity frameworks in an era marked by increasingly sophisticated digital threats.

Key Questions Answered:

• How is the Global Cybersecurity Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Cybersecurity Solutions segment, which is expected to reach US$163.7 Billion by 2030 with a CAGR of a 6.2%. The Cybersecurity Services segment is also set to grow at 6.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $53.5 Billion in 2023, and China, forecasted to grow at an impressive 10.5% CAGR to reach $70.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as 9Star Research, AAC Inc., Accenture, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Cybersecurity - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Surge in Global Cyber Attacks Strengthens Business Case for Advanced Cyber Security Solutions
• Cloud Security Innovation Drives Growth in Cyber Defense Capabilities
• AI and Machine Learning Revolution Throws the Spotlight on Predictive Cybersecurity Measures
• Challenges in Remote Work Security Expands Addressable Market Opportunity for Cyber Solutions
• Increasing Importance of Endpoint Security Spurs Investments in Comprehensive Defense Mechanisms
• Stricter Regulatory Compliance Requirements Strengthen the Business Case for Enhanced Cybersecurity Practices
• Emerging Threats to IoT Ecosystems Drive Demand for Robust Security Solutions
• Deployment of 5G Networks Throws the Spotlight on Enhanced Cybersecurity Protocols
• National Security Concerns Accelerate the Urgency to Bolster Cyber Defenses for Critical Infrastructure
• Advances in Encryption and Quantum Computing Reinforce the Need for Cutting-Edge Cybersecurity
• Cybersecurity Mesh Networks Drive Innovation in Defense Strategies
• Adoption of Behavioral Analytics Spur Innovations in Security Monitoring
• Insider Threats Amplify Demand for Comprehensive Security Strategies
• Advancements in Threat Intelligence Platforms Broaden Market Opportunities
• Zero Trust Security Framework Adoption Strengthens Organizational Cyber Resilience
• Global Regulatory Trends Drive Enhancements in Cybersecurity Compliance

FOCUS ON SELECT PLAYERS (Total 12 Featured)

• 9Star Research
• AAC Inc.
• Accenture
• Aiculus Pty Ltd
• AIMultiple
• Alpha Bravo
• AMOEBA Networks
• AppGuard
• Arakt
• Auriga, Inc.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240801339002/en/