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In 2024, spending in the cybersecurity industry reached  billion U.S. dollars, with the forecast suggesting that the market will grow to billion U.S. dollars in 2029. Global spending on cybersecurity has been increasing continuously over the forecast period.

Cybersecurity remains a priority

Since the outbreak of the COVID-19 pandemic, organizations worldwide have sent their employees into the home office for work. This decentralization of an organization’s IT landscape created new vulnerabilities for malicious actors to exploit, which is concurred by IT professionals’ observation that there is an increase in cyber attacks following the COVID-19 pandemic. As a result, cybersecurity remains a priority among business leaders to ensure the operability of the company and data security.

Cybersecurity solutions

Among solutions for cybersecurity are endpoint security, identity access management, data security, and network security. These technologies are leveraged to protect sensitive information and critical systems from attacks. More specifically, these measures are designed to protect threats originating both from inside and outside an organization. This highlights the need to think of cybersecurity as a comprehensive strategy made up of practices and technologies.