Artificial Intelligence
Cyber Security Market to Surpass USD 357.10 billion by 2031 | SkyQuest Technology
WESTFORD, Mass., April 29, 2024 /PRNewswire/ — SkyQuest projects that Global Cyber Security Market size is poised to grow from USD 190.40 Billion in 2023 to USD 357.10 Billion by 2031, at a CAGR of 9.4% during the forecast period (2024-2031). In order to safeguard sensitive data and networks, the use of cloud computing, IoT devices, and remote work arrangements has increased need for sophisticated cybersecurity solutions. Strong cybersecurity measures are also required because the attack surface has grown due to the quick digitization of many industries.
Download a detailed overview:
https://www.skyquestt.com/report/cyber-security-market
Browse in-depth TOC on the “Cyber Security Market”
Pages – 157Tables – 78Figures – 79Cyber Security Overview:
Report Coverage
Details
Market Revenue in 2023
$190.40 billion
Estimated Value by 2031
$357.10 billion
Growth Rate
Poised to grow at a CAGR of 9.4%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Offering, Solution Type, Deployment Mode, Organisation Size, Security Type and Verticals
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Increasing shift of cyber security towards online services
Key Market Opportunities
Adoption of cloud based cyber security solution among SMEs
Key Market Drivers
Increasing demand for cybersecurity mesh.
Driving Force Behind the Cloud Security Ascendency is Surge in Computerized Reasoning and AI Arrangements
Among cybersecurity deployment modes, cloud security is clearly the most popular choice. Cloud services are superior in terms of security protocols, offering economies of scale together with access to cutting-edge tools and specialised knowledge. The fastest-growing market is cloud security, which is being driven by the growing demands of the cloud industry. The swift expansion of cloud services demands strong security protocols to protect user information and apps.
Behind Supporting Growth of on Premise is Surge of Compliance Requirement in Cyber Security Infrastructure
Control and visibility over cybersecurity infrastructure are becoming more and more important for organisations due to the growth of sophisticated cyber-attacks and strict data protection rules. Businesses may better customise and control security measures to meet their unique demands and compliance requirements with on-premises solutions. Furthermore, the preference for on-premises installations is driven by worries about data sovereignty and privacy, particularly in industries that handle sensitive data.
North American Region is Dominating Due to Cyber Security Solutions Deployed
The North American region is anticipated to hold the largest share of the market in 2023—more than 35%. This is explained by the fact that there are more cyber dangers and cyber security solutions in this region. Over the course of the projection period, the Asia-Pacific region is expected to grow at the fastest rate. This is explained by the region’s expanding security threats as well as the prevalence of several market incumbents.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/cyber-security-market
Drivers:
Rising Demand for Virtual Assistants Driving Market Growth Autonomous AI AdoptionRestraints:
Data Privacy Concerns Bias Generated and Inaccurate AI OutputProminent Players in Global Cyber Security Market
Check Point Software Technologies Ltd. (Israel)McAfee LLC (US)Palo Alto Networks, Inc. (US)Microsoft (US)Symantec Corporation (US)IBM Corporation (US)Fortinet, Inc. (US)Trend Micro Incorporated (Japan)FireEye, Inc. (US)Proofpoint, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/cyber-security-market
Key Questions Answered in Global Cyber Security Market Report
What is the anticipated market size for cyber security globally by 2031, and what is the compound annual growth rate (CAGR) anticipated to be observed between 2024 and 2031?How is the security of decentralised enterprises supported by the cybersecurity mesh architecture?What are some of the growth tactics used by the leading cybersecurity industry players to stay competitive?This report provides the following insights:
Analysis of key drivers (increasing demand for cybersecurity mesh, new paradigm security architectures, extend security, protection from each access point), restraints (Implementing and sustaining strong cybersecurity solutions, expenses associated with security software, skilled personnel, and continuous updates, effectively safeguard of digital assets and sensitive information), opportunities (efficiently integrated into a wide array of devices, secure communication protocols, advanced identity and access management systems), and challenges (bridging skill gap, many security breaches may go undetected or unresolved) influencing the growth of cyber security marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the cyber security marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the cyber security marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the cyber security marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Artificial Intelligence (AI) in Cybersecurity Market
Global Automotive Cyber Security Market
Global Cyber Security in Oil and Gas Market
Global Cybersecurity Mesh Market
Global Cyber Insurance Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
View original content:https://www.prnewswire.co.uk/news-releases/cyber-security-market-to-surpass-usd-357-10-billion-by-2031–skyquest-technology-302129806.html
Artificial Intelligence
Glancing into Tomorrow at GITEX: e& UAE’S Vision for a Smarter, AI-powered Future
DUBAI, UAE, Oct. 14, 2024 /PRNewswire/ — As e& UAE prepares to make an impact at GITEX Global, the company’s momentum is undeniable. Fresh off the heels of being crowned ‘World’s Fastest 5G Network’ by Ookla, e& UAE is poised to showcase the cutting-edge innovations stemming from its state-of-the-art telco core.
e& UAE serves 5G to 12 million active users every day bringing to the forefront of global connectivity. “High-speed networks are crucial for connecting the dots between AI components, including transferring data and accessing cloud-based resources,” says Masood. “In essence, AI is a product of a sophisticated infrastructure that combines hardware, software, and networking to enable the development and deployment of intelligent systems,” Masood says.
For e& UAE, this means continually embracing AI as a key component of its innovation strategy. The company has a successful history of implementing AI solutions to drive productivity and enhance customer experiences, and, as Masood puts it, “AI is where we see the real potential for transformation.”
It’s with this vision in mind that e& UAE plans to make its mark at GITEX, showcasing its latest AI innovations and demonstrating its leadership in the digital landscape.
More than a telco: e& UAE’s digital leap
“AI is embedded across our operations, enabling smarter, faster decision-making and driving new efficiencies in business and customer service,” he says. e& UAE was a pioneer in adopting AI internally, but its true impact lies in delivering exceptional digital experiences to customers. A prime example is EASE, the world’s first autonomous telecom retail experience, launched at GITEX last year. Since then, e& UAE has rapidly expanded the reach and capabilities of this innovative concept, demonstrating its commitment to leveraging AI for customer-centric solutions.
The company is actively building its reputation as a digital leader, offering cutting-edge connectivity solutions powered by 5G and AI and IoT integrations. This strategic shift is at the heart of e& UAE’s participation at GITEX, where the company will showcase its innovative digital offerings and vision for the future.
GITEX spotlight
“We’re thrilled to be part of GITEX, an exciting showcase of the future where the world’s greatest minds come together to envision and shape the technology of a better tomorrow,” Masood says.
In addition to the latest smart home solutions and drone technology, its showcase will include advanced applications in AI, augmented reality, and 5G technology, reflecting its commitment to digital transformation. One of the standout features will be the Hologram Customer Service Avatar, which aims to provide an interactive customer experience. This avatar will utilise ultra-HD, intelligent capabilities to facilitate real-time interactions, allowing users to engage with services in a more immersive manner. The integration of 5G New Calling technology will further enhance user experience by offering visualised voice calling, real-time translation, and multimedia content during calls.
Continuing the tradition of announcing 5G milestones at previous GITEX events, e& UAE announced network speed upgrades including the fastest aggregated 5G-Advanced speed of 62Gbps. Demonstrating its commitment to 5G leadership, e& UAE will also highlight its achievement as the largest 5G-Advanced commercial network in the MENA region, with over 1,000 operational sites. This milestone marks the dawn of the 10G era, delivering unparalleled speeds and ultra-low latency that will redefine digital experiences. At GITEX, it will not only showcase its impressive technological advancements but also unveil strategic partnerships that align with its vision for a digital future. Building upon the success of its 5G private network deployment in the oil and gas sector with ADNOC, the company is now expanding its reach in more industries.
“The success of AI, IoT, and 5G depends on building an ecosystem of innovation. That means working closely with tech giants, startups, and government entities to ensure we’re building the right solutions for the future,” says Masood.
Making networks AI-ready
At the heart of e& UAE’s mission to pioneer the digital frontier in the UAE lies a firm commitment to high-speed connectivity. For example, 50G-PON, the next generation of high-speed connectivity, promises to revolutionise internet connectivity, delivering unprecedented capacity and considerably speeding things up for consumers and businesses.
“Our strategy is rooted in a profound belief that we can achieve more for the people and communities we serve—drive more growth, create more opportunities, and have a greater impact—infused with a passion for excellence. As we evolve beyond traditional telecom, we are enhancing our services and tailoring our offerings to meet the diverse needs of our customers.
The UAE’s global leadership in broadband and mobile speeds, as recognised by Ookla, is significantly attributed to the contributions of e& UAE. “We are part of the UAE fabric, and we stand with the country, helping to build a stronger, more connected society,” Masood concludes.
Contact details: Nancy Sudheer, Senior Manager at e&, [email protected]
Photo – https://mma.prnewswire.com/media/2529931/e_GITEX_2024.jpgPhoto – https://mma.prnewswire.com/media/2529932/stand_GITEX.jpg
View original content:https://www.prnewswire.co.uk/news-releases/glancing-into-tomorrow-at-gitex-e-uaes-vision-for-a-smarter-ai-powered-future-302275312.html
Artificial Intelligence
Security and Vulnerability Management Market worth $24.04 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 14, 2024 /PRNewswire/ — The global Security and Vulnerability Management Market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to new research report by MarketsandMarkets™.
Browse in-depth TOC on “Security and Vulnerability Management Market ”
250 – Tables 50 – Figures300 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204180861
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2030
Base year considered
2023
Forecast period
2024–2030
Forecast units
Value (USD Billion)
Segments Covered
Component, Software, Services, Type, Target, Deployment Mode, Organization Size, Vertical, And Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
Major vendors in the global Security and vulnerability management Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US)
High financial losses due to security breaches and the growing demand for real-time monitoring and continuous vulnerability assessment drive the Security and Vulnerability Management Market. Organizations are thus striving to minimize these financial risks and they demand for robust security and vulnerability management solutions to strengthen their security posture.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=204180861
Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.
According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.
By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.
The SME segment is expected to grow at the highest rate in the Security and Vulnerability Management Market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=204180861
By region, North America accounts for the largest market size during the forecast period.
North America is expected to hold the most significant Security and Vulnerability Management Market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.
Top Key Companies in Security and Vulnerability Management Market:
Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) are the key players and other players in the Security and Vulnerability Management Market.
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
Related Reports:
Quantum Cryptography Market – Global Forecast to 2030
Public Safety and Security Market – Global Forecast to 2029
Post-Quantum Cryptography (PQC) Market – Global Forecast to 2029
Network Security Market – Global Forecast to 2029
Security Testing Market – Global Forecast to 2029
Get access to the latest updates on Security and Vulnerability Management Companies and Security and Vulnerability Management Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/security-and-vulnerability-management-market-worth-24-04-billion-by-2030–exclusive-report-by-marketsandmarkets-302274888.html
Artificial Intelligence
OpenCorporates Appoints tech-entrepreneur Wojtek Kokoszka as New CEO, Founder Chris Taggart to Step into strategic innovation role for Partnerships and New Opportunities
LONDON, Oct. 14, 2024 /PRNewswire/ — Following on from an exceptional 2024 performance, OpenCorporates, the world’s largest open database of legal entities, is excited to announce the appointment of Wojtek Kokoszka as its new Chief Executive Officer. Wojtek, a seasoned entrepreneur and co-founder of Zappi, the leading SaaS Consumer Insights platform, brings a wealth of experience in scaling high-growth businesses and innovation in data-driven industries, both in Europe and the US.
Wojtek joins OpenCorporates with the clear mission to scale the world’s authoritative source of legal-entity data. At Zappi, Wojtek played a pivotal role in growing the company to $100 million in revenue. Under his leadership, Zappi transformed into an industry-leading platform that revolutionized how global consumer brands harness data to derive actionable insights. His track record of driving performance, fostering innovation, and executing strategic vision makes him ideally suited to lead OpenCorporates into its next phase of fast growth.
Chris Taggart, co-founder and outgoing CEO of OpenCorporates, will take on a strategic role as Founder focused on opening up new markets and opportunities. Chris will bring his exceptional domain knowledge and heritage to reinforce OpenCorporates’ position as the world’s most authoritative source of legal entity data. His leadership and vision have been instrumental in building the company from its inception, and he will continue to guide its mission to make company data open, transparent, and accessible to all.
Wojtek Kokoszka, Incoming CEO of OpenCorporates, commented:”I’m thrilled to join OpenCorporates at such an exciting time in its journey. OpenCorporates has established itself as the trusted authority in its space, and I look forward to driving us forward. We are going to deliver ever more quickly on our mission to provide certainty and clarity through our open, reliable, and transparent legal-entity data. I look forward to building on the very strong foundation created by Chris and the team, scaling our operations, and driving innovation to serve the ever-growing demand for high-quality, trustworthy data across public and private sector organisations.”
Chris Taggart, Founder of OpenCorporates, added:”In Wojtek Kokoszka, we have found a leader who will take OpenCorporates to new heights. His expertise in scaling businesses and operational excellence makes him the ideal choice for this role. This also frees me to focus on our strategic vision and work alongside him to explore new markets and ensure OpenCorporates remains at the forefront of corporate transparency. Legal entities are at the heart of the modern world – and as we move into a world of digitalized commerce and AI-generated uncertainty, OpenCorporates will be there to provide the trusted foundational data the world needs.”
About OpenCorporatesOpenCorporates is a certified B Corp, revolutionizing access to company data. It has built the world’s largest open database of companies, and is trusted by regulators, financial institutions, investigative journalists, and businesses for its unparalleled breadth of data, covering over 200 million companies across 140+ jurisdictions, including the entirety of the USA. This leadership transition marks an important milestone as the company continues to scale, innovate, and drive positive change by promoting transparency in the corporate world.
For more information, please contact:
Press Contact:Jackson TorchiaCommunity Manager at [email protected]
Logo – https://mma.prnewswire.com/media/1709363/4965689/OpenCorporates_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/opencorporates-appoints-tech-entrepreneur-wojtek-kokoszka-as-new-ceo-founder-chris-taggart-to-step-into-strategic-innovation-role-for-partnerships-and-new-opportunities-302275220.html
-
Artificial Intelligence4 days ago
Dun & Bradstreet Global Business Optimism Insights Report Shows Quarterly Increase
-
Artificial Intelligence4 days ago
Automation.com & Hikvision white paper: how AIoT technologies drive manufacturing digitalization
-
Artificial Intelligence6 days ago
Thundercomm Launches RUBIK Pi on Qualcomm Platforms
-
Uncategorized7 days ago
Over 2000 Companies Hire NxtWave Learners, Addressing the Talent Gap in India’s Booming IT Industry
-
Artificial Intelligence6 days ago
Precisely Announces Breakthrough in Data Enrichment with New Data Graph API
-
Artificial Intelligence6 days ago
High tech specs and adapted World Cup pitch sensors awarded share of £1.5m as finalists in Longitude Prize on Dementia
-
Artificial Intelligence4 days ago
ACCENTURE CHAIR & CEO JULIE SWEET TO DELIVER KEYNOTE AT CES 2025
-
Artificial Intelligence6 days ago
ACT³ to Embrace the GIGA and AI eras