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The global cybersecurity market is estimated to garner a notable revenue by the end of 2031 by growing at a CAGR of ~12% over the forecast period, i.e., 2022 u2013 2031
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Global Cybersecurity Market to be Propelled by Rising Volume of Data by CAGR of ~12%During 2022 – 2031 KennethResearchpublished areporttitled“CybersecurityMarket:Global DemandAnalysis&OpportunityOutlook2031”whichdeliversdetailedoverview of theglobalcybersecurity marketintermsofmarketsegmentation byverticals, deployment type,securitytype,component,andby region. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators,restraints,supplyanddemandrisk,alongwithdetaileddiscussiononcurrent and future markettrends thatareassociated withthegrowthofthemarket. The global cybersecurity market is estimated to grow at a CAGR of ~12 % over the forecast period, i.e., 2022-2031.Themarket issegmented byverticals into BFSI, healthcare, retail, IT & telecom, aerospace & defense, government, and others. Out of these,thehealthcaresegmentisanticipatedtoholdthelargestshareovertheforecast
period owing to the increasing threat to patients’ health records, and surging medical fraudcasesacrosstheglobe. A high rate of digital transformation is anticipated to drive the growth of the global cybersecurity market. Furthermore, the rising volume of data is further expected to increase thegrowthofthe market. For more descriptions@https://www.kennethresearch.com/report- details/cybersecurity-market/10352414 Geographically, the global cybersecurity market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of rise in the number of high cost of breaches,andan increasingadvanced levelofinfrastructure in the region The research is global in nature and covers detailed analysis on the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities,demandforfutureoutlooketc.hasalsobeencoveredanddisplayedinthe researchreport. SurgingAdoptionof IOTDevices to Drivethe GrowthoftheMarket According to the National Council on Identity Theft Protection, the number of identity fraudcaseshasbeenraisedto5.74 Millionin2021from3.16 Millionin 2018
Backed by the technological advancement in the form of artificial intelligence, IOT devices connections and others are rising the incidences of cyber-crimes. Hence, it is expected toboost thegrowthoftheglobalcybersecuritymarket. However, high cost for security upgradation, high dependency on traditional security methods, and lack of skilled expertise are expected to operate as key restraint to the growth ofglobal cybersecurity marketovertheforecastperiod. This report also provides the existing competitive scenario of some of the key players of the global cybersecurity market which includes company profiling of IBM Corporation, ImpervaInc.,FireEye,Inc.,DellInc.,BroadcomInc., AvastSoftwares.r.o.,Cisco Systems,Inc.,CyberArkSoftwareLtd.,CheckPointSoftwareTechnologiesLtd., Fortinet, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cybersecurity market that will help industry consultants, equipment manufacturers, existingplayerssearchingforexpansionopportunities, newplayerssearching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trendsinthefuture. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10352414 KennethResearch isaleadingserviceproviderfor strategicmarketresearch and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order toavoid futureuncertainties. Contact for more Info: AJDaniel