Information Security Products And Services Market Size to grow by USD 377.1 billion between 2024-2028
According to a research report “ Information Security Products And Services Market” by Deployment (On-premises, Cloud) Type (Hardware, Software, Services) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 377.1 billion, at a CAGR of 21.49% during the forecast period. The escalating issue of business information theft and insidious insider fraud is propelling the Information Security Products and Services Market forward. With cyber threats evolving at an unprecedented rate, attackers are increasingly targeting networks, individuals, and devices, exploiting vulnerabilities to steal valuable data and disrupt business operations. The burgeoning reliance on web applications and websites for critical transactions, purchasing, and other business-critical activities heightens the risk of credential theft. Industries such as Banking, Financial Services, and Insurance (BFSI) and retail, which handle vast amounts of confidential data over networks, necessitate the deployment of highly sophisticated information security devices and software to safeguard their digital assets..
Browse market data tables, figures, and in-depth TOC on “Information Security Products And Services Market” by Deployment (On-premises, Cloud) Type (Hardware, Software, Services) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Deployment, the On-premises segment is projected to dominate the market size in 2024
The Information Security Products and Services market encompasses the provision of technologies and solutions aimed at safeguarding digital assets and mitigating cyber threats for businesses. These offerings include firewalls, antivirus software, intrusion detection systems, vulnerability assessments, and consulting services. Companies invest in these solutions to protect their sensitive data, maintain regulatory compliance, and ensure business continuity.
By Type, Hardware segment is expected to hold the largest market size for the year 2024
The Information Security Products and Services Market encompasses the provision of hardware, software, and consulting services designed to safeguard digital information from unauthorized access, use, disclosure, disruption, modification, or destruction. Vendors offer solutions such as firewalls, antivirus software, intrusion detection systems, encryption technologies, and identity and access management services to help businesses mitigate risks and ensure data confidentiality, integrity, and availability.
North America is forecasted to hold the largest market size by region in 2024
The Information Security Products and Services Market encompasses a vast array of offerings designed to safeguard businesses from cyber threats. These solutions include firewalls, antivirus software, intrusion detection systems, vulnerability assessments, and security consulting services. Companies invest in these offerings to mitigate risks, ensure data privacy, and maintain regulatory compliance. The market continues to grow as businesses increasingly recognize the importance of robust cybersecurity measures.
The Information Security Products And Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Cybersecurity Transformation in today's digital world is a priority for businesses of all sizes, from Large Enterprises to Small & Medium Enterprises (SMEs), and for various industries such as E-commerce Platforms, Automotive, Aviation, and Healthcare. The Cybersecurity Market is witnessing significant growth due to the increasing number of cybercrimes and data breaches. Integration of Technologies like Big Data Analytics, Artificial Intelligence, and Machine Learning is playing a crucial role in enhancing cybersecurity solutions. Hybrid and Multi-cloud strategies, Remote work, and the adoption of 5G, Internet of Things (IoT), and Edge Computing are adding complexity to the cybersecurity ecosystem. Advanced Persistent Threats (APTs) are a major concern for organizations, leading to the demand for advanced cybersecurity solutions like Intrusion Prevention Systems (IPS) and Intrusion Detection Systems (IDS). Cloud Computing and Cloud Workload Security are also gaining popularity as businesses move towards digital transformation. The Cybersecurity Market is expected to grow exponentially due to the increasing number of cyber threats and the need for robust security solutions. Cybersecurity solutions are no longer just an IT issue but a business imperative. The future of cybersecurity lies in the integration of advanced technologies and a proactive approach to security.
Market Research Overview
The Information Security Products and Services market is experiencing significant growth due to the increasing number of cyberattacks, economic downturns, and the cyber talent shortage. Large enterprises and Small & Medium Enterprises (SMEs) alike are investing in advanced cybersecurity solutions to protect against targeted attacks, cyber espionage, and data breaches. Deployment of NextGeneration Firewalls, Multi-Factor Authentication, and Single Sign-On are becoming standard practices. Cloud Application Security, Data Privacy Importance, and Cybersecurity Transformation are key areas of focus for businesses, especially those in the e-commerce sector. Hybrid and multi-cloud strategies, remote work, and the cybersecurity ecosystem are driving the need for advanced cybersecurity solutions. Cybercrime continues to evolve with Advanced Persistent Threats, Intrusion Prevention Systems, and Intrusion Detection Systems being crucial components of cybersecurity defenses. The integration of technologies such as fiber broadband networks, Big Data analytics, Artificial Intelligence, and Machine Learning is essential for effective threat detection and response. Moreover, the cybersecurity market is expanding to new sectors like Automotive Cyber Security, Aviation Cyber Security, Healthcare Cyber Security, Cloud Workload Security, Cloud Computing, Edge Computing, 5G, and the Internet of Things. Cybersecurity solutions are becoming increasingly important in the digital transformation era, where data is the new oil. Cybersecurity is no longer an optional expense but a necessary investment for businesses to protect their assets and maintain customer trust.
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Technavio Research
Jesse Maida
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Email: media@technavio.com
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