A 2022 Grand View Research Inc. analysis report on the cybersecurity market forecasts a Compound Annual Growth Rate (CAGR) of 12.9% between 2025 and 2030.
In 2024, the industry reached $245.62 billion, less than half of the projected $500.70 billion for 2030. The main factor contributing to this dramatic uptick is the rapid advancements in cyberthreats, calling for better cybersecurity solutions.
The report highlights how the cyber landscape is evolving due to the rise in adoption of remote work, digital communications, mobile devices, social media, and Big Data. Unfortunately, this trend renders traditional security systems insufficient.
The expectation of a rise in cyberattacks in the upcoming years creates a demand for multi-layered, adaptive, and self-learning cybersecurity solutions, which is supported by new stakeholders’ investments. As a result, the cybersecurity market is expected to grow exponentially across all its vectors:
Considering that we expect 2025 to be the worst year for cybersecurity, this trend isn’t surprising. Unfortunately, while new tech breakthroughs are generally seen as positive, they can also hurt us. For businesses and individuals alike, it’s becoming increasingly vital to understand what’s at stake regarding cybersecurity threats.
For enterprises and organizations, it might mean looking into business-centered security software and revising supply chains, and for individuals, subscribing to an internet security solution. If you’re not sure where to start, we recommend reading the following blog articles:
💼 Businesses
🧍Individuals
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