The Global Cybersecurity market 2013-2023

With the increasing importance of information and communication technologies both on and off the battlefield, new research released by Strategic Defence Intelligence shows robust global spending on cyber warfare systems until 2023, with the market expanding from US$11.1 billion in 2013 to US$19.4 billion by 2023 – a CAGR of 5.77%. 

This significant growth is further fuelled by a surge in the number of cyber attacks, the pressure of austerity measures on Western defense budgets, and the relentless advancement in cybercrime technologies. 

This report provides an in-depth analysis of:

• Global cybersecurity market size and drivers

• Recent development and industry challenges

• SWOT analysis of the cybersecurity market

• Global cybersecurity country analysis

• Main programs to be executed over the next decade

• Competitive landscape and strategic insights

Some key insights include: 

• The global cyber warfare market is expected to grow at a CAGR of 5.77%

• North America is projected to represent the largest market share

• Asia will overtake Europe and hold the second largest market share by 2023

• The increased pace of cyber crimes will drive innovation and new products

• Western austerity measures will encourage consolidation

The Global Cybersecurity Market 2013-2023’ is required reading for those serious about reacting to market trends and capitalising on opportunities in the global cybersecurity sector. 

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Press Contact:

Hung Yuen
Marketing Executive
T:+44(0)20 7936 6830
M: reportinfo@industryreportstore.com

What is driving growth in the Global Cybersecurity Market?

Did you know that the cumulative global expenditure on cyber warfare systems is expected to reach US$166 billion by 2023?

The market for cyber security is expected to increase from US$11.1 billion in 2013, to US$19.4 billion by 2023, representing a CAGR of 5.77%. This is primarily because the main markets are expected to prioritize spending on cyber security systems, an element of defence spending that was not given much importance until the last four years.

These figures derive from the report, The Global Cybersecurity Market 2013-2023, which provides detailed analysis and market forecasts over the next ten years. Looking at key technological and market trends, the report lays out an analysis of the factors which influence the demand for cyber security, and the challenges faced by this industry.

Buy this report now to:

• Examine Global cyber security market size, growth stimulators and demand drivers

• Access insights for recent developments, challenges and a SWOT for the industry

• Explore detailed analysis of the competitive landscape for the cyber security industry

With North America dominating this market, how will you decide to respond to advances within the cyber security industry? Buy this report now to stay up to date, prepare and plan for the future effectively.

To find out more, please click here.

Contact information:

Delfina De Moura

Tel: +44 (0)207 936 6830

Email: reportinfo@industryreportstore.com

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