Cybersecurity Market Set to Surpass USD 375 Billion by 2031, Driven by Rising Cyber Threats: – Market Research Intellect | PR Newswire [Video]

The growth of the global cybersecurity market is primarily driven by the increasing frequency and sophistication of cyberattacks, which compel businesses and governments to invest heavily in robust security solutions. Additionally, the rapid adoption of digital technologies, including cloud computing, IoT, and AI, has expanded the attack surface, intensifying the need for advanced cybersecurity measures.

, /PRNewswire/ — The global cybersecurity market is expected to reach USD 375 billion by 2031, growing from approximately USD 180 billion in 2024, at a compound annual growth rate (CAGR) of 10%. This growth is fueled by rising cyber threats, the increasing adoption of digital technologies, and the heightened focus on data security across industries.

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