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The cybersecurity industry is experiencing rapid growth driven by increasing digital transformation, sophisticated cyber threats, and stringent regulatory demands. Identity security, especially PAM and IAM, is a critical component as organizations shift to Zero Trust models and secure complex hybrid and multi-cloud environments. AI integration is enhancing threat detection and automation, making security more proactive.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~Around 121.7 billion USD (2023)
(13-15% CAGR)
- Network security remains the largest segment.
- Cloud security and identity security are growing fastest.
- Driven by ransomware, data breaches, and regulatory compliance.
121.7 billion USD
Generative AI is revolutionizing threat intelligence, enabling the creation of advanced attack simulations for proactive defense and accelerating the development of sophisticated detection models.
Confidential computing secures data in use by performing computations within a hardware-protected trusted execution environment, protecting sensitive information even from the cloud provider.
Decentralized identity systems, built on blockchain or distributed ledger technology, empower individuals and organizations with greater control over their digital identities and access credentials.
The National Institute of Standards and Technology (NIST) updated its Cybersecurity Framework (CSF) to version 2.0, expanding its scope beyond critical infrastructure to all organizations and introducing a new 'Govern' function.
This update will push organizations to adopt more comprehensive and integrated cybersecurity risk management strategies, increasing demand for identity-centric security solutions aligned with the framework's updated guidelines.
This U.S. Executive Order mandates significant improvements in federal cybersecurity, including requirements for Zero Trust architecture, enhanced software supply chain security, and improved information sharing.
The EO accelerates the adoption of Zero Trust principles and secure software development practices across federal agencies, creating a strong market pull for advanced identity and access management solutions like those offered by CyberArk.
The U.S. Securities and Exchange Commission (SEC) adopted new rules requiring public companies to disclose material cybersecurity incidents within four days and to provide annual disclosures about their cybersecurity risk management, strategy, and governance.
These rules significantly heighten the accountability of corporate boards and executives for cybersecurity, driving increased investment in robust security controls, including identity security, to mitigate risks and ensure timely, accurate disclosures.
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