North America dominates the Global Cyber Security market during the forecast period 2023-2029

Cyber Security Market size is expected to grow from an estimated value of USD 173.5 billion in 2022 to 266.2 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 8.9% from 2022 to 2027, according to a new report by MarketsandMarkets™

To provide detailed information related to the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the cybersecurity market.

To define, describe, and forecast the cyber security market by Components, Security type, Deployment Mode, Organization Size, Verticals, and Region.

The major growth drivers of the market include the need to mitigate IT security risks, rising instances of enterprise targeted cyber-attacks and threats, and proliferation of smart city and digitization projects in the Middle East region.

Automotive Cyber Security Market report categorizes the global market by Security Type (Network, Endpoint, Application, Wireless & Cloud), Area of Application (Infotainment, Telematics, OBD, Safety, Powertrain), Vehicle Type, and by Region

The cyber security market size is estimated to grow from USD 122.45 Billion in 2016 to USD 202.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.