Cybersecurity protects internet-connected devices such as hardware, software, and data from various online threats. Cybersecurity ensures that the public relies on public services and government organizations. Business requires cyber security to safeguard their data, intellectual property, and money. Cybersecurity has risen to the top priority list for businesses worldwide in recent years. Privacy legislation such as Europe’s General Data Protection Regulation and the upcoming California Consumer Privacy Act will play a larger role in CIOs’ data handling and privacy decision-making.
The global cybersecurity market in 2021 was $216.10 billion, and by 2030 it will reach $478.68 billion at a CAGR of 9.5% during the forecast period 2021–2030.