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Home Technology

Cybersecurity Market to Hit $452B by 2031

Cybersecurity market growth driven by AI and ML as global threats rise.

by Lilu Anderson
Tue, Aug 27, 2024 10:07pm
in Technology
• 2 mins read
14.1k
Cybersecurity Market to Hit 2B by 2031 | FinOracle

Photo: Finoracle.net

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The Growing Demand for Cybersecurity

The global cybersecurity market is on a significant growth trajectory, expected to reach a staggering USD 452.08 billion by 2031, boasting a compound annual growth rate (CAGR) of 13.38% from 2024 to 2031. This surge is largely driven by the increasing complexity and frequency of cyberattacks as well as the rapid expansion of digital technologies.

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