What is the cyber security industry?

Question

Could someone give me an estimate regarding the worth of the cybersecurity industry and how fast is it growing?

Answer 1

Every organizations and institution around the world have started recognizing the importance of cybersecurity in their company that could save millions and millions of dollars from being the victim of cybercriminals.

As of now according to Forbes, the global cybersecurity industry at present is valued at $173 billion and is expected to grow by $270 by 2026. And in India, at present, the industry is valued at $4.3 billion and is expected to rise to $13.4 billion by 2025. Such massive growth in such a short period of time gives the fact that every company big or small needs cybersecurity in its core to help run its business operations smoothly and without hiccups of frequent data breaches which could harm their reputation and business with customers.

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