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Cyber Security Market Trends

Report ID: GMI3078
Published Date: Nov 2022
Report Format: PDF

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Cyber Security Market Trends

A major trend in the global cyber security market is the integration of artificial intelligence (AI) and machine learning (ML) solutions. AI and ML capabilities are being utilized to enhance detection and response against cyber threats. It enables organizations to identify and mitigate potential security breaches in real-time. Since AI is capable of analyzing large volumes of data, detecting patterns, and identifying anomalies, the technology can indicate a security breach faster. It helps to automate security processes including vulnerability assessments and patch management to minimize human error and fortifying the overall cybersecurity framework.

The increased emphasis on cloud-based cybersecurity solutions is another emerging trend in the industry. Many businesses are migrating their data and applications to cloud platforms, creating the need for robust protection. Cloud security products have evolved to tackle unique challenges in strengthening cloud environments. With the deployment of hybrid cloud and multi-cloud architectures, organizations need comprehensive solutions to enhance visibility, control, and threat prevention in diverse cloud platforms.

The introduction of containerization and serverless computing has led to the advent of novel security considerations which require the use of specialized tools and practices to safeguard cloud-native applications. While many organizations are adopting cloud computing to streamline their operations, the demand for reliable cloud security solutions will grow at a significant pace over the forecast timeframe.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market for cyber security was valued at USD 200 billion in 2022 and is expected to witness 15% CAGR from 2023 to 2032 impelled by mounting internet access across the globe.

The vulnerability assessment infrastructure protection segment held over 20% market share in 2022 and is estimated to witness sturdy growth as companies are opting for regular vulnerability assessments to safeguard IT assets, keep up with the environment's weaknesses, and react promptly to any attacks.

The Asia Pacific cybersecurity industry is projected to grow at over 20% CAGR through 2032 owing to the rapid industrial digitalization across the region.

The industry consists of renowned technology companies such as BAE Systems, Inc., Cisco Systems, Inc., Dell Technologies Inc., Palo Alto Networks, Inc., DXC Technology Company, F5, Inc., Fortinet, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, and others.