What is the cyber security market growth?


The growing number of cyber attacks and hacks has made the importance of cyber security in today’s technology world very significant. The global demand for this service is expected to rise even more in the upcoming years as our data-dependent lives expand further into the fields of virtualization, IoT and blockchain technologies. The cyber security market is projected to show a hike of up to USD 390.2 billion by 2030 with a CAGR of 14.50%.

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The cyber attack world has witnessed increasing attacks on critical infrastructure and industrial control networks in recent years as several countries are upgrading their cyber security capacities to counter such attacks. This trend is expected to continue due to demand for greater protection from these attacks, increasing focus on these sectors, presence of large number of potential targets in this segment, etc.

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