The global cybersecurity market, worth US$152.51 billion in 2018, is expected to reach US$430.33 billion by 2027, according to a new report by Stratistics MRC. The market is expected to grow at a compound annual growth rate of 12.2% during that period.
Market growth is being driven largely by technological advancements, an increasing acceptance of the internet of things, and a high demand for cloud solutions. However, that growth is being restrained by an insufficient number of expert workers, according to Stratistics MRC.
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