Revenue in the cybersecurity market in Panama 2028

The revenue in the cybersecurity market in Panama was forecast to continuously increase between 2023 and 2028 by in total 44.6 million U.S. dollars (+81.06 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 99.64 million U.S. dollars and therefore a new peak in 2028.

The Statista Market Insights cover a broad range of additional markets.

Revenue in the cybersecurity market in Panama from 2016 to 2028 (in million U.S. dollars)

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Release date

September 2023

More information

Region

Panama

Survey time period

2016 to 2028

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
Cybersecurity refers to the process that provides and maintains confidentiality, integrity, availability, and privacy. This includes measures to prevent and respond to all incidents of cybercrime, such as digital attacks and disruptions, to protect computer systems, networks, programs, and data (e.g., personal assets, important files, as well as industrial and governmental information).

Cybersecurity is becoming increasingly important, as companies, governments, and individuals are more and more reliant on IT systems, which are vulnerable to malicious actions. This digital transformation has made security a priority for organizations of every size.

Structure:

The Cybersecurity market includes revenues generated by its two key products, cyber solutions and security services.

Cyber solutions refer to a range of products or services designed for the specific cybersecurity requirements of organizations, effectively aligned with their risk landscape and security strategies.
Security services refer to an overarching processing or a wide range of services that enhance an organization’s protection and security strategy against common cybercrimes, such as phishing, malware, or ransomware.

Additional information:

The Cybersecurity market comprises revenues, revenue change, average spend per employee, the number of recorded cyberattacks, the estimated cost of cybercrime, as well as a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors, either directly or through distribution channels (manufacturer prices, excluding VAT). Reported market revenues include consumer spending (B2C), business spending (B2B), and government spending (B2G). Detailed definitions of each market can be found on the corresponding market pages. Key players in the market include Microsoft, Accenture, and Palo Alto Networks.

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