Dublin, Dec. 21, 2021 (GLOBE NEWSWIRE) — The “Global Cyber Security Market (By Segment, End-Users & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.com’s offering.
The global cyber security market is forecasted to reach US$276.1 billion in 2025, experiencing growth at a CAGR of 7.64% during the period spanning from 2021 to 2025.
Growth in the global cyber security market was supported by factors such as surge in cyber crime rate, increasing digitalization, rise in cyber security regulations, evolution of Internet of Things (IoT) devices, upsurge in web traffic, surge in tech startups, and rising e-commerce sales.
However, the market growth is expected to be restrained by complexity of network infrastructure and higher reliance on traditional authentication methods.
The global cyber security market by type can be segmented as follows: security services, infrastructure protection, network security, identity access management, consumer security services, integrated risk management, data security, application security, cloud security and other information security software. In 2020, the dominant share of global…
