How big is the global cybersecurity market?
The global cybersecurity market reached USD 164 million in 2022 and is expected to reach USD 201 million by 2031, reflecting a CAGR of 11.3%.
What are the main drivers of the cybersecurity market?
Several factors drive the market, including government regulations, increasing cyber threats, cloud adoption, and a growing number of connected devices.
What are the challenges in the cybersecurity market?
A lack of awareness about cybersecurity and a shortage of skilled professionals are major restraints in the market.
Why is cloud security important?
Cloud security is crucial because businesses are increasingly moving data and applications to the cloud.