The increase is due to an increase in the number of service providers as well as increased government and international investor investments in various security projects. Countries such as China, India, and Korea are expected to grow at a rapid pace. Advanced IT security solutions are installed by key providers to protect highly sensitive information related to manufacturing operations while also increasing productivity.Īsia Pacific is expected to increase at an exponential rate. The increasing number of internet security projects and related investments by large firms in the U.K., Spain, Germany, Italy, France, and others are driving the expansion. The cybersecurity industry in Europe is expected to increase at a significant CAGR. To provide better security measures to businesses, the government uses advanced network security protocols. and Canada, the growing number of online e-commerce platforms is boosting the market growth. The growing frequency of high-profile security breaches in the region is driving demand for cloud application security solutions. North America Cyber Security Market Size, 2020 (USD 62.41 Billion). North America to Lead the Global Cyber Security Market The demand for innovative solutions is expanding dramatically as the number of internet security threats increases, this factor may impede the global cyber security market growth. The demand for network security solutions is expanding as these technologies are increasingly adopted to combat cyber-attacks. Machine learning (ML) is used by Sken.ai to correlate and assign a security risk level to each vulnerability discovered across multiple scan kinds and apps. Sken.ai offers comprehensive testing for all major languages and frameworks, as well as all types of scans (SAST, DAST, SCA, Secrets, and more). purchased application security innovator Skenai. July 2021: To expedite DevSecOps, Fortinet, Inc. The development of internet security solutions based on AI platforms is a top priority for key industry competitors.įebruary 2020: GE Healthcare introduced an AI-based network security service to connect AI, medical devices, and process management tools and help hospitals to evade It threats. Fortune Business Insights has presented this information in its report titled, “Global Cyber Security Market Share, 2022-2029”.Įmerging online e-commerce platforms and the introduction of essential technologies such as the internet of things (IoT), cloud security, artificial intelligence (AI), and others are driving the market. Pune, India, J(GLOBE NEWSWIRE) - The global Cyber Security Market Size is projected to reach USD 376.32 Billion by 2029, from 139.77 Billion in 2021, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. According to Fortune Business Insights, the global Cyber Security Market Size is projected to reach USD 376.32 billion in 2029, at CAGR of 13.4% during forecast period Rising Number of E-commerce Platforms to Drive the Market Growth
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