Part
01
of one
Part
01
What is the cyber security market worth now? And in 5 years?
Hello! Thanks for your question about the current and future market value of the cybersecurity industry. The short version is that the 2017 cybersecurity market is estimated at $134.7 billion and is expected to reach $223.8 billion by 2022. Below you will find a deep dive of my findings.
FINDINGS AND CALCULATIONS
In 2004, the cybersecurity market valued at $3.5 billion, and it was forecast that the 2017 market size would be $120 billion
In 2016, the cybersecurity market was valued at $122.45 billion and projected to reach $202.36 billion by 2021 with a CAGR of 10.6%.
KEY FINDING: The 2017 cybersecurity market is estimated at $134.7 billion and is expected to reach $223.8 billion by 2022.
2017: 122.45*110.6%=$134.7 billion
2022: 202.36*110.6%=$223.81 billion
CONCLUSION
To wrap it up, currently, the cybersecurity market value is around $134.7 billion. The cybersecurity industry has a CAGR of 10.6% and has seen a decade of historical growth. Thanks for using Wonder! Please let us know if we can help with anything else!