The global cybersecurity market is expected to witness significant growth, reaching $478.68 billion by 2030. Industry players are focusing on developing innovative solutions utilizing technologies like AI and cloud computing.
Security Industry Value
The security industry, including cybersecurity, is crucial for protecting organizations from cyber threats and attacks. The market value is projected to increase to $500.7 billion by 2030, driven by the adoption of cloud solutions and smart devices.
Key Insights
- The global cybersecurity market had a value of $216.10 billion in 2021, with a projected CAGR of 9.5%.
- The market size is estimated to grow to USD 208.8 billion by 2024, with a Y-o-Y increase of ~10%.
- The global access control market is anticipated to be worth $12.1 billion by 2024.
- Security robots market is expected to reach $4.4 billion by 2025.
- Physical security measures are essential to safeguard buildings and equipment.
- Collaborative efforts are enhancing the private security ecosystem to meet evolving societal needs.
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