Cyber Security Market Size

Cyber Security Industry Analysis

Cyber Security Market size exceeded USD 200 billion in 2022 and is estimated to grow at over 15% CAGR from 2023 to 2032 driven by mounting internet access across the globe. Increasing consumer inclination toward mobile and wireless gadgets is anticipated to benefit the industry growth. The increasing use of 5G technology and soaring demand for IoT devices are projected to bolster market progress. These modern technologies are more vulnerable to attacks and hence, require high levels of network security. As the global connectivity infrastructure advances quickly, businesses and consumers are embracing smart gadgets. Furthermore, the demand for cybersecurity solutions is rising with the booming digital transformation across varied industries.