NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) — Kenneth Research has published an in-depth market report on “Global Internet security market‘ for the forecast period, i.e. 2022 – 2031, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- Profiling of key market players
Global Internet security Market size:
It is estimated that the global cybersecurity market will achieve remarkable revenue by the end of 2031 by growing at ~12% CAGR during the forecast period i.e. 2022 – 2031. Additionally, the market generated revenue of nearly US$150 billion in 2021. The growth of the market is attributed with increasing number of cyber attacks across the world. The growth of the market can further be attributed to the increase in information and communication technology (ICT) spending and a reduction in operational expenses of business organizations. Furthermore, the future of the digital economy is based on cloud infrastructure as it helps organizations to be more efficient and cost-effective in a highly competitive environment. According to the World Bank, over the past 15 years, the digital economy has grown two and a half times faster than the global economy, which accounts for 15.5% of global GDP. Hence, the growing digital economy is expected to drive the growth of the global market.
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Global Internet security Market: The central theses
- The North America region is expected to generate the largest share of sales by 2031
- The healthcare sub-segment dominates the sales chart
- The cloud sub-segment remains prominent in the deployment type segment
Rapid digitization in various organizations across the world to boost market growth
Increasing demand for increasing the rate of productivity in various companies and increasing insistence on ensuring regulatory compliance and preventing errors are expected to be responsible factors for…
