Cybersecurity market revenues worldwide 2020-2030
The global cybersecurity market size is forecast to grow to 538.3 billion U.S. dollars by 2030. Cybersecurity is the practice of protecting computer information systems, hardware, network, and data from cyberattacks. An increasing awareness of cyber threats lead to a rising investment in cybersecurity infrastructure worldwide.
Cyberattacks
In the modern information age when more and more things are getting connected, cybersecurity becomes an ever-relevant topic. Major data breaches, such as the 2014 hacking of Yahoo’s online platform, saw hundreds of millions of accounts being affected. Today, potentially AI-enabled phishing and network intrusion are some of the most common cyberattacks experienced by organizations, causing serious damages including information or revenue loss.
Market segments
The information security market includes subsegments such as identity access management (IAM), infrastructure protection, and security services. Global security spending on IAM is forecasted to reach over 20 billion U.S. dollars in 2023. Spending on security services, the largest segment of the information security market, is projected to reach nearly 76.5 billion U.S. dollars in the same year.
Cyberattacks
In the modern information age when more and more things are getting connected, cybersecurity becomes an ever-relevant topic. Major data breaches, such as the 2014 hacking of Yahoo’s online platform, saw hundreds of millions of accounts being affected. Today, potentially AI-enabled phishing and network intrusion are some of the most common cyberattacks experienced by organizations, causing serious damages including information or revenue loss.
Market segments
The information security market includes subsegments such as identity access management (IAM), infrastructure protection, and security services. Global security spending on IAM is forecasted to reach over 20 billion U.S. dollars in 2023. Spending on security services, the largest segment of the information security market, is projected to reach nearly 76.5 billion U.S. dollars in the same year.
