Cloud Security segment is projected to create high-value opportunities in the cybersecurity market
The global cybersecurity market is expected to reach USD 225.8 bn by 2027, growing at a CAGR of 11.2% during the forecast year (2021-2027). There has been a double growth in the adoption of cybersecurity across various industries, due to the adoption of automation, which is a result of the Industrial Revolution 4.0, machine-to-machine communication, and the emergence of smart cities. The Healthcare industry is expected to grow with a lucrative growth rate. As healthcare sector has become a target of significant interest amongst cybercriminals.
The cloud security segment was a significant contributor to the cybersecurity market and expected to grow with a CAGR of 21.9% during the forecast period (2021-2027). Major players operating in the market include Cisco, Rapid7, Check Point Software, Symantec, Palo Alto Networks, along with numerous start-ups that are offering enhanced cybersecurity software solutions & services to cater to the needs of customers. Such factors are expected to create immense opportunities across the globe.
Top Relevant Markets
Top Relevant Markets
Top Relevant Markets
Top Relevant Markets