NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global cyber security market size is estimated to grow by USD 107.1 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 9.6% during the forecast period. Increase in use of mobile devices is driving market growth, with a trend towards adoption of IOT.
However, high cost of deployment poses a challenge.Key market players include AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc.
, Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc.
, Fortinet Inc., F Secure Corp., General Dynamics Corp.
, Hewlett Packard Enterprise Co, International Business Machines Corp., Juniper Networks Inc., Lockheed Martin Corp.
, McAfee LLC, Microsoft Corp., Northrop Grumman Corp., RTX Corp.
, Sophos Ltd., The Boeing Co., and Trend Micro Inc.
. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Cyber Security Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 9.
6% Market growth 2024-2028 USD 107.1 billion Market structure Fragmented YoY growth 2022-2023 (%) 10.59 Regional analysis North America, Europe, APAC, Middle East and Africa, and South America Performing market contribution North America at 39% Key countries US, China, UK, Germany, and Japan Key com.