Cyber Security Market Size, Share and Trends Analysis Report by Type
The cyber security market size was valued at US$220.6 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% during 2021-2026. Evolving security threats together with a surge in threat of targeted cyberattacks are factors expected to favor cyber security market growth over the forecast years. Overwhelmed by the volume of threat information, there is a need for security services in the public and the private sector. Therefore, the global cyber security market share is vast and expanding rapidly, driven by different trends.
