press release

Growth to USD 20.4 Billion in 2032: Global Consumer Cybersecurity Market Analysis

2024.05.20 / Last updated: 2024.11.16

Tokyo, Japan – Report Ocean Co., Ltd. has released its latest market research report, “Global Consumer Cybersecurity Software Market.” According to the report, the market is expected to reach USD 20.4 billion in 2032 from USD 8.58 billion in 2023, growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period 2024-2032 .

Consumer cybersecurity software refers to a variety of digital tools and technologies that protect individuals and small businesses from malware, phishing attacks, data breaches, and other cybercrimes. Deploying these solutions is critical to protecting your digital assets from unauthorized access, data theft, and other malicious acts.

You can request a free sample of this report here.
https://www.reportocean.co.jp/request-sample/consumer-cybersecurity-software-market

market dynamics

Market driving factors

Increase in cyber attacks: With the rise in fraud, cyber attacks, and theft, there has been a noticeable increase in the integration of consumer cybersecurity software by various organizations. Additionally, increased awareness and technological interventions within organizations are leading to increased identification of employees and increased monitoring and monitoring of transactions.
Post-pandemic demand growth: After the COVID-19 pandemic, increased use of digital services in sectors such as healthcare and manufacturing will increase the demand for security services globally, driving the growth of the consumer cybersecurity software market I did.

market constraints

High implementation costs: The global growth of the consumer cybersecurity software industry is hampered by the high costs involved. This poses a challenge, especially for small and medium-sized enterprises, when considering investing in such solutions. In 2023, businesses will spend approximately $168.8 billion on cybersecurity, and in 2024 they may allocate nearly $192.2 billion, representing a significant 14% increase.

market opportunity

Adoption of advanced technologies: Digitization, smart software frameworks, and adoption of cutting-edge technologies are driving the market growth. Furthermore, increasing adoption of IoT devices, advancements in AI technology, and increasing demand for automation are expected to boost the market growth during the forecast period.

Market segment insights

By deployment mode: Cloud segment is expected to witness the fastest growth during the forecast period, driven by the advantages of cloud-based deployment models. This model requires minimal initial investment and low maintenance costs, making it particularly attractive to small and medium-sized enterprises.
By offering: In 2023, the infrastructure protection segment accounted for the largest share of overall revenue. Infrastructure protection systems help protect physical and virtual assets such as transportation networks, communication systems, and internally operated assets.

Regional insights

In 2023, North America held the highest market share in the global market. The region's expansion is in line with continued advances in technologies such as big data and the Internet of Things (IoT). Additionally, the increase in the number of IT companies in the region and their diversified businesses creates the need for protection of endpoint devices.

North American governments are also actively pursuing initiatives to increase organizational cybersecurity awareness and encourage and support the adoption of appropriate cybersecurity measures. These factors are expected to continue driving the market growth.

List of major companies

AVG Technologies
CyberArk Software Ltd.
Fortinet
Cisco Systems Inc.
IBM Corporation
Juniper Networks, Inc.
Microsoft Corporation
Sophos Ltd.
Check Point Software Technologies
McAfee

Segmentation overview

The global consumer cybersecurity software market focuses on offering, deployment mode, device type, and region.

By offer

antivirus software
network security
Personal information protection
infrastructure protection software
password management software
others

By deployment mode

on-premises
cloud

By device type

Security software for PC/laptop
smartphone security app
Security software for tablets
others

By region

North America
- US
- Canada
- Mexico
Europe
- western europe
  - England
  - Germany
  - France
  - Italy
  - Spain
  - Other Western Europe
- eastern europe
  - Poland
  - Russia
  - Other Eastern Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia/New Zealand
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East and Africa (MEA)
  - Saudi Arabia
  - South Africa
  - united arab emirates
  - Other MEAs
- South America
  - Argentina
  - Brazil
  - Other South America

■Click here for report details and application
https://www.reportocean.co.jp/industry-reports/consumer-cybersecurity-software-market

About Report Ocean Co., Ltd.

Report Ocean Co., Ltd. has been providing advanced analytical research solutions, custom consulting and A leading company that provides deep data analysis. We provide strategic and growth analysis insights, giving companies the data they need to achieve their goals and help them capitalize on future opportunities.

Our research studies help our clients make better data-driven decisions, understand market forecasts, and take advantage of future opportunities, while we, as a partner, increase efficiency by providing accurate and valuable information. help you optimize. The industries we cover span a wide range of industries, including technology, chemicals, manufacturing, energy, food and beverage, automotive, robotics, packaging, construction, mining and gas.

Report Ocean integrates our skills with our clients' needs and believes that the right expertise can provide powerful insights. Our professional team works tirelessly to create the most effective solutions for the business needs of our clients, including multinational corporations, product manufacturers, small businesses, or startups.