DUBLIN–(BUSINESS WIRE)–The “Cybersecurity Market by Type, Solution – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global cybersecurity market is projected to reach $300 billion by 2027, at a CAGR of 11.2% during the forecast period of 2019-2027.
The growth of this market is attributed to the increasing demand for network security & privacy, increasing adoption of cloud computing, growing need for digital transformation in the telecommunication industry, increasing frequency of cyberattacks, and growing regulations for information security.
Based on component, in 2018, the solutions segment accounted for the largest share of the cybersecurity market. The large market share of this segment is attributed to the growing number of IoT deployments, the increasing focus on solution-centric security capabilities, and the rising vulnerabilities on endpoint devices. In addition, the benefits offered by cybersecurity, such as high performance, reliability, comprehensive vulnerability coverage, efficiency, and security of real-time applications, further augment the growth of this segment.
Based on type, in 2018, the network…
