Global Cybersecurity Market Projected To Reach $500 Billion By 2030 At A CAGR Of 11.6%>
Cision PR Web
PALM BEACH, Fla, April 11, 2023 /PRNewswire/ — The astonishing growth of new technologies and solutions in the cyber security market were spurred by the increased number of data breaches across the globe, rising digitalization, and increased sophisticated cyber intrusions. A report from MarketsAndMarkets projected that the global cyber security market is poised to reach $266.2 billion by 2027, growing at a CAGR of 8.9% from 2022 to 2027. Another report from Spherical Insights went even further projecting that: “The Global Cybersecurity Market Size To Grow USD $501.6 Billion By 2030 at a CAGR of 11.6%. The global cyber security market is dominated by North America, which has the world’s largest number of cyber security vendors.
Link: https://www.prnewswire.com/news-releases/global-cybersecurity-market-projected-to-reach-500-billion-by-2030-at-a-cagr-of-11-6-301794540.html