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Cyber Security Market Expected to Reach US$ 504.46 Billion by 2030, Reveals Insights by Polaris Market Research

According to the research report published by Polaris Market Research, the global cyber security market was valued at USD 217.65 billion in 2021 and is expected to reach USD 504.46 billion by 2030, to grow at a CAGR of 9.7% during the forecast period.
Published 11 January 2024

Report Overview

Polaris Market Research announces the release of a new report titled Cyber Security Market 2023-2032. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Cyber Security Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

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The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

“According to the research report published by Polaris Market Research, the global cyber security market was valued at USD 217.65 billion in 2021 and is expected to reach USD 504.46 billion by 2030, to grow at a CAGR of 9.7% during the forecast period.”

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding Cyber Security Market key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Some of The Top Key Players

  • AlgoSec
  • BAE Systems Inc.
  • Centrify Corporation
  • Cisco Systems Inc.
  • CyberArk
  • DataVisor
  • EMC Corporation
  • F5
  • Fortinet
  • F-secure
  • Hewlett-Packard Enterprise
  • IBM Corporation
  • Intel Security
  • LogRhythm Inc.
  • Palo Alto Networks
  • Proofpoint Inc.
  • Qualys
  • RevBits
  • SentinelOne
  • SonicWall
  • Symantec Corporation
  • Wi-Jungle

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Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Cyber Security Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

Segmental Analysis

The Cyber Security Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

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Polaris market research has segmented the cyber security market report based type, deployment model, end-user, organization size, solution, component and region: 

Cyber Security, Type Outlook (Revenue - USD Billion)

  • Enterprise
  • Network
  • Application
  • Endpoint
  • Others

Cyber Security, Deployment Mode Outlook (Revenue - USD Billion)

  • On-Premise
  • Cloud-Based

Cyber Security, End-Use Outlook (Revenue - USD Billion)

  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail
  • Defense and Government
  • Travel and Hospitality
  • Others

Cyber Security, Organization Size Outlook (Revenue - USD Billion)

  • Large Enterprises
  • Small and Medium Businesses

Cyber Security, Solution Outlook (Revenue - USD Billion)

  • Encryption
  • Unified Threat Management
  • Identity and Access Management
  • Data Loss Prevention
  • Antivirus/Anti-Malware
  • Risk and Compliance Management
  • Disaster Recovery
  • Others

Cyber Security, Component Outlook (Revenue - USD Billion)

  • Solutions
  • Service

Key Highlights of the Report

  • A descriptive analysis of the demand-supply gap and forecast in the global market.
  • Bottom-up and top-down approaches for regional analysis.
  • Covers a SWOT analysis of key players and the overall Cyber Security Market.
  • Includes both primary and secondary research methods to provide a thorough market understanding.
  • Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.
  • Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

  • What is the current size and projected value for the market?
  • What are the key factors driving the Cyber Security Market demand?
  • Which is the leading segment in the industry?
  • What are the potential attractive investment opportunities in the market?
  • At what CAGR is the market projected to grow over the forecast period?
  • Where will strategic developments take the Cyber Security Market in the short to long term?

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About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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