Cyber Security Market Growth
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Cybersecurity is the practice of protecting computer information systems hardware network and.
Cyber security market growth. The global cyber security market size was valued at usd 156 5 billion in 2019 and is expected to expand at a compound annual growth rate cagr of 10 0 from 2020 to 2027. The cyber security market size was valued at 104 60 billion in 2017 and is projected to reach 258 99 billion by 2025 growing at a cagr of 11 9 from 2018 to 2025. The trends for iot byod ai and machine learning in cybersecurity are increasing. The global cybersecurity market is predicted to grow from 167 1b in 2019 to 248 26b by 2023 attaining a 10 4 cagr according to statista.
Cyber security market size and growth 2020 2025 global cyber security market expected to reach 254 21 billion by 2025 growing at a cagr of 11 54 during the forecast period. Press release cyber security market growth by manufacturers type and application forecast to 2025 published. 18 2020 at 1 34 p m. Cyber security and defense against online threats undertake greater significance in today s digital changing landscape.
Cyber security also referred to as information technology it security emphasize on safeguarding computers programs networks and data from unlicensed or spontaneous access. It security and cyber risk defense are becoming more critical in today s changing digital environment. 24 2020 at 5 52 a m. Press release cyber security market analysis revenue price market share growth rate forecast to 2026 published.
Cyber security market growth is driven by the rising adoption of e commerce online platforms and the emergence of disruptive technologies such as artificial intelligence ai internet of things iot blockchain and others. The global cybersecurity market size is forecasted to grow to 248 26 billion u s. Worldwide security spending on identity access. Acquired aporeto inc an iot and machine identity based company.
The cybersecurity market was valued at usd 161 07 billion in 2019 and it is expected to reach usd 363 05 billion by 2025 registering a cagr of 14 5 during 2020 2025. This acquisition enabled palo alto networks to strengthen the cloud native security platform and further expand its cloud security capability.
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