According to Technavio, the Cyber security Market is anticipated to grow by USD 107.1 billion at a CAGR of 9.6% from 2023 to 2028. This growth is spurred by increasing reliance on mobile devices for both personal and business use, necessitating stronger mobile and internet security solutions. The proliferation of IoT devices further complicates the security landscape as interconnected systems are more vulnerable to attacks. Moreover, the high cost of deploying cutting-edge cybersecurity technologies and adapting to new threats presents challenges for businesses. Despite these obstacles, the market is expected to grow due to rising awareness of cyber risks and increased demand for advanced protection technologies.

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