Cybersecurity

Spending on cybersecurity throughout the world will increase by 5.6% year-on-year in 2020 - and even if the global economy worsens and IT budgets suffer, the cybersecurity market will still grow by at least 2.5%.
From system security to network security, businesses will face challenges in optimizing their cybersecurity to stop malicious attacks from being successful.
From network and data security to I.T. governance, risk measurement, and policy compliance, cybersecurity is a growing industry estimated to be worth over $300 B by 2025.
The Global Cybersecurity Market is projected to reach $152 billion by 2025 on account of increasing threats of cyber-attacks and data breaches faced by organizations, which has drastically increased the need for strong authentication techniques and cybersecurity solutions.
The Machine Learning technology segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, as well as projected to grow with the fastest CAGR during the forecast period.
The global cybersecurity market is projected to hit $118 billion this year, with $64 billion of that stemming from security services.
The global cybersecurity market is expected to grow from $149.46 billion in 2019 to $152.21 billion in 2020 at a compound annual growth rate of 1.83%.
China's public cloud market is estimated to see a CAGR of 41% from 2017 to 2021, and its cybersecurity market is projected to see a CAGR of 25% from 2017 to 2020.
Global spending on cybersecurity between 2017 and 2021 will exceed $1 trillion.
Global spending on cybersecurity products and services are predicted to exceed $1 trillion cumulatively over the five - year period from 2017 to 2021, growing 12-15% year-over-year.
The cloud-based cybersecurity market is expected to grow by approximately 21% per year for the next couple of years.
Cybersecurity for industrial organisations is a hot topic, with the global ICS cybersecurity market expected to grow from 10.9% to 12.7% in a year and to reach approximately $24.4 billion by the end of 2023.
The government and defense sector is anticipated to dominate the cybersecurity market in the coming years.
Risk quantification software designed for cybersecurity and technology risk has advanced over the past decade enabling very efficient risk analysis, management, and reporting.
Global spending on cybersecurity measures is expected to exceed $1 trillion over the next two years.
The consistent growth in cybercrimes and rapidly increasing demand in the Indian cybersecurity segment will require 1 million cybersecurity professionals by 2020.
The Indian cybersecurity market will still just be a blip on the radar screen for global cybersecurity spending, which is predicted to exceed $1 trillion cumulatively from 2017 to 2021.
The cybersecurity market in India is forecasted to exceed $3 billion USD by 2022, at a compound annual growth rate of 15.6%.
COVID-19 will have impact on the global cybersecurity market, which is expected to grow from $183.2 billion in 2019 to $230.0 billion by 2021, at a Compound Annual Growth Rate of 12.0% during the forecast period.
By 2023, 20% of cybersecurity incidents will stem from Smart City IoT device deployments, which will lead to double-digit increases in cybersecurity software and staff training budgets.
The global automotive cybersecurity market is expected to grow at an unprecedented rate, from $1.34 billion in 2018 to $5.77 billion by 2025.
The global cybersecurity as a service market is expected to register a CAGR of 12.6% in the forecast period (2020-2025).
The overall revenue from cybersecurity software is expected to reach $25.1bn this year, a 4.8% year-on-year growth.

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Last updated: 09 August 2020