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Industry Landscape
The cybersecurity industry is experiencing rapid growth, driven by escalating cyber threats and digital transformation. Demand for advanced solutions like AI-powered security and Managed Detection and Response (MDR) is soaring. Regulatory pressures and a shortage of skilled professionals further fuel the need for robust and outsourced security services, making it a highly dynamic and essential sector.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~Approximately 72.8 billion USD (2024)
(13.8% CAGR)
- Increased demand for cloud security.
- Growing adoption of AI and machine learning in security solutions.
- Rise in targeted cyber attacks and data breaches.
Total Addressable Market
Approximately 72.8 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Cybersecurity
Generative AI can automate threat intelligence, create sophisticated defensive strategies, and even simulate attacks for stronger security posture.
Zero Trust Architecture (ZTA)
ZTA shifts from perimeter-based security to a 'never trust, always verify' model, scrutinizing every access attempt regardless of origin.
Attack Surface Management (ASM)
ASM continuously discovers, inventories, classifies, and secures an organization's digital assets to identify vulnerabilities proactively.
Impactful Policy Frameworks
NIST Cybersecurity Framework 2.0 (2024)
NIST Cybersecurity Framework 2.0 expands its scope to apply to all organizations and emphasizes governance, supply chain risk, and continuous improvement in cybersecurity practices.
This framework will drive greater adoption of robust cybersecurity practices and increased demand for solutions that aid in compliance and risk management across various industries.
SEC Cybersecurity Rules (2023)
The SEC's new rules require public companies to disclose material cybersecurity incidents within four business days and to annually report on their cybersecurity risk management, strategy, and governance.
These rules will increase demand for advanced threat detection, incident response, and continuous monitoring services to meet stringent disclosure requirements and strengthen governance.
New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Amended 2023)
The NYDFS amended its cybersecurity regulation (23 NYCRR Part 500) to strengthen requirements for financial services companies, including enhanced governance, incident response, and third-party risk management.
This regulation will create a higher demand for specialized cybersecurity services, particularly for companies operating in the financial sector, to ensure compliance with stricter security standards.
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