The increasing adoption of cloud computing solutions by SMEs is one of the growth opportunities driving the Cybersecurity Market.

According to MarkNtel Advisors study, The Global Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2024-30.

In recent years, there has been a growing movement towards implementing the Zero Trust Security Framework, which is becoming the fundamental concept of not automatically trusting a user or device. Given the limitations of traditional perimeter-based security strategies to address cyber threats in today's complex environment, companies are adopting Zero Trust to strengthen their security measures and prevent unauthorized access to critical assets. In addition, source access is carefully monitored and confirmed using standards such as users' connections, device conditions, network conditions, and behavioral models.

The Zero Trust Security model works on key principles like verifying identity, least privilege access granting, micro-segmentation, continuous monitoring & assessment of risks involved, encrypting data, and application-centric security solutions. With this shift, the cybersecurity industry is projected to register a healthy growth rate in the coming years.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download Free Sample Copy @ https://www.marknteladvisors.com/query/request-sample/cybersecurity-market.html                 

Key Findings in Cybersecurity Market:

Cybersecurity Market Key Players:

IBM, Cisco, Microsoft, Palo Alto Networks, Fortinet, Check Point, Trellix, Trend Micro, Rapid7, Open Text, AWS, Oracle, Accenture, Cyberack, ZScaler, and others

Market Segmentation Overview:

By Offering

-Solution

--Standalone Hardware

--Software Solution

-Services

--Professional Services

--Design, Consulting & implementation

--Risk & Threat Management

--Training & Education

--Support & Maintenance

--Managed Services

By Solution Type

-Identity & Access Management (IAM)

-Antivirus/Antimalware

-Log Management & SIEM

-Firewall

-Encryption & Tokenization

-Compliance & Policy Management

-Patch Management

-Others

By Deployment mode

-On-premises

-Cloud

-Hybrid Cloud

By Organization size

-Large Enterprises

-SMEs (Small & Medium Enterprises)

By Security Type

-Network Security

-Cloud Security

-Endpoint & IoT Security

-Application Security

-Others

The Application Security segment would account for a prominent share of the Global Cybersecurity Market in the coming years, as enterprises are rapidly shifting their operational activities online along with the adoption of digital solutions. Application usage is increasing, thus becoming more susceptible to cyber risks. These applications integrated with cloud services need advanced and specific security measures to combat the expanded cyberattacks. In software development, the agility of DevOps methodologies is highly required, which has enhanced the need for application security for identifying and mitigating vulnerabilities to cyber risks. Thus, regulatory compliance and data protection laws are being implemented by businesses to ensure application security and the protection of sensitive customer & business data. Therefore, the increased demand for application security solutions in the cybersecurity market has been bolstered by all of these factors.

By Vertical

-Banking, Financial Services and Insurance (BFSI)

-Government

-Healthcare & Life Sciences

-Aerospace & Defense

-Manufacturing

-IT & ITeS

-Education

-Retail & Ecommerce

-Energy & Utilities

-Telecommunications

-Transportation & Logistics

-Media & Entertainment

-Others (Education, Construction, Travel & Hospitality)

Read Full Report @ https://www.marknteladvisors.com/research-library/cybersecurity-market.html                 

By Region

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

The Cybersecurity Industry Recent Development:

In 2023: IBM entered into a strategic partnership with Palo Alto Networks with the primary aim of enhancing enterprise security. This expansion was centered around AI-driven security operations and cloud transformation. This collaboration was intended to bolster end-to-end security postures for clients. It aimed to address the rapidly escalating threats in the realm of cybersecurity.

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

Have an Any Query,

Call Us - US Office: +1 628 895 8081

Email - [email protected]

Address Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India