Get 20% off on all global market reports with code ONLINE20 – stay updated on tariff changes, macroeconomic trends, and more!
What’s Behind the Strong Growth of the Information Technology (IT) And Telecom Cyber Security Market Size in the Last 5 Years?
The cyber security market in the information technology (IT) and telecom sectors has seen swift growth in the recent past. The market, valued at $44.39 billion in 2024, is projected to expand to $49.6 billion in 2025, marking a compound annual growth rate (CAGR) of 11.7%.
This significant growth during the historical period can be traced back to factors such as amplified dependence on digital infrastructure, a spike in cybercrime incidents, escalating intricacy of IT ecosystems, major data breaches, and an elevated awareness about the value of cybersecurity.
The market size for cyber security in information technology (IT) and telecom is projected to experience impressive expansion in the coming years. The growth is predicted to reach $79.9 billion by 2029, with a compound annual growth rate (CAGR) of 12.7%.
Factors contributing to this amplified growth during the forecast period could be the evolution of new attack threats, the shift towards cloud computing, the proliferation of mobile technologies, the increase in remote work and digital transformation, and the expansion of the Internet of Things (IoT). Key trends that may be observed during the forecast period are the emerging popularity of zero trust architecture, the concentration on the sharing of threat intelligence, the rise of ransomware and extortion attacks, focus on privacy and data protection guidelines, and a heightened demand for managed security services.
Claim Your Free Sample Report:
http://www.thebusinessresearchcompany.com/sample….p;type=smp
What Drivers Are Powering the Rise of the Information Technology (IT) And Telecom Cyber Security Market?
Cyber security in the information technology (IT) and telecom sectors is set to move forward owing to the rising use of cloud computing. Cloud computing enables users to make use of computing resources like storage, processing ability, and applications over the internet on a pay-per-use model.
This technology’s growing acceptance can be attributed to its provision of cost-effective, scalable, flexible, accessible, and secure IT solutions that help businesses stay agile, innovate, and expand, particularly in today’s digital and interconnected era.
However, its adoption also brings up issues relating to data privacy, conformity with regulations, and adherence to regulatory demands, especially for sectors such as healthcare, finance, and government with strict regulations for data protection.
To ensure data privacy, compliance with rules, and protection from data breaches and unauthorized access within a cloud environment or during data transfer, organizations put into place cybersecurity measures. For example, European Commission (EC) figures reveal that the uptake of cloud-based solutions in the European Union went up by 4.2% in 2023, with 45.2% of businesses acquiring cloud computing services, marking a significant increase compared to 2021.
Consequently, the ever-increasing use of cloud computing fuels the growth of the IT and telecom cyber security markets.
How Is the Information Technology (IT) And Telecom Cyber Security Market Structured Across Key Segments?
The information technology (it) and telecom cyber securitymarket covered in this report is segmented –
1) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Deployment Mode: On-Premises, Cloud-Based
4) By End-User Industry: Telecom Service Providers, E-commerce, Enterprises, Utilities, Government And Defense
Subsegments:
1) By Network Security: Firewalls, Intrusion Detection Systems (IDS), Intrusion Prevention Systems (IPS), Virtual Private Network (VPN), Network Access Control (NAC), Distributed Denial Of Service (DDoS) Protection, Unified Threat Management (UTM)
2) By Endpoint Security: Antivirus Or Antimalware Software, Endpoint Detection and Response (EDR), Mobile Device Management (MDM), Data Loss Prevention (DLP), Encryption, Application Control, Device Control
3) By Application Security: Web Application Firewalls (WAF), Secure Software Development Life Cycle (SDLC), Application Security Testing, Code Review Tools, API Security, Identity And Access Management (IAM) For Applications
4) By Cloud Security: Cloud Access Security Brokers (CASBs), Cloud Encryption, Identity and Access Management (IAM) For Cloud, Security Information And Event Management (SIEM) For Cloud, Cloud Security Posture Management (CSPM), Multi-Factor Authentication (MFA), Cloud Workload Protection
5) By Other Security Types: Data Security And Privacy, Identity And Access Management (IAM), Security Orchestration, Automation, And Response (SOAR), Blockchain Security, Zero Trust Security Model, Threat Intelligence, Security Information And Event Management (SIEM)
Access the Full Report Today:
http://www.thebusinessresearchcompany.com/report/…ket-report
How Will Market Trends Drive Strategic Shifts in the Information Technology (IT) And Telecom Cyber Security Sector?
Key businesses in the IT and telecom cybersecurity scene are ramping up their efforts to create innovative solutions, like the AI assistant Sentra Jagger for cloud data security, in order to strengthen their market position. The Sentra Jagger, a software solution designed for cloud data security, uses AI technology to independently concoct and carry out protective measures, plans, and procedures for data housed in cloud-based platforms.
In March 2024, Israel’s cloud data security firm, Sentra, introduced the Sentra Jagger, a platform endowed with the ability to promptly analyze threats and respond to incidents, thereby slashing response times by as much as 80% and boosting cybersecurity operations in the IT and telecom sectors. This trend underscores the growing shift to AI and automation in cybersecurity, providing heightened threat analysis capabilities, real-time data, and increased efficiency in tackling emerging cyber threats and securing vital data assets in the IT and telecom cybersecurity sphere.
Where Is the Information Technology (IT) And Telecom Cyber Security Market Experiencing the Fastest Regional Growth?
North America was the largest region in the information technology (IT) and telecom cyber security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the information technology (IT) and telecom cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get a Customized Version of the Report:
http://www.thebusinessresearchcompany.com/customi…p;type=smp
Leading Players Shaping the Future of the Information Technology (IT) And Telecom Cyber Security Industry
Major companies operating in the information technology (IT) and telecom cyber security market are Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Broadcom, Telefonaktiebolaget Lm Ericsson, Bae Systems Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Symantec Corporation, Splunk Inc., Micro Focus International, Check Point Software Technology Ltd., CrowdStrike, McAfee LLC, Trend Micro Incorporated, Zscaler Inc., Proofpoint Inc., AO Kaspersky Lab, Tenable Holdings Inc., Rapid7, Sophos, CyberArk Software Ltd., FireEye Inc., SecureWorks Corp., Qualys Inc., Varonis Systems Inc., Mimecast Ltd., Okta Inc.
Access the Complete Report:
http://www.thebusinessresearchcompany.com/purchas…x?id=14405
How Our Market Research Reports Help Maximize ROI Across Industries:
* Identify High-Growth Opportunities: Pinpoint emerging trends, untapped segments, and regional hotspots that align with your strategic goals.
* Reduce Investment Risk: Make data-driven decisions with confidence by understanding market dynamics, key drivers, and competitive threats.
* Optimize Strategic Planning: Align your product development, marketing, and expansion plans with industry forecasts and customer behaviour insights.
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
News From
The Business Research Company …
Category: Industry Reports & Market Analysis Profile: The Business Research Company is a leading market research and consulting services provider. It offers over 9,500 market reports across 27 industries in 60+ geographies, providing detailed insights and forecasts. Its customised research solutions support companies in making critical decisions, while its continuous research service enhances organizational capabilities. The flagship Global Market Model database provides comprehensive market intelligence with 1,500,000 datasets covering 8,000+ mark …
This email address is being protected from spambots. You need JavaScript enabled to view it.
