Read Time:1 Minute, 35 Second
The growing global market for antivirus software is overtaking the rising number of cyber-attacks occurring globally.
Blog Business Advice & Research reveals that the fifth top-rated risk across public and private sectors is cyber-attack. It is projected to thrive more in 2022 and tends to double its growth in 2025.
This heightened cyber-attack sophistication caused the buoyant boost in antivirus software’s global market size since 2021. Published in March 2022, the Antivirus Software Global Market Report 2022 revealed a 0.14% growth in the worldwide antivirus software market. It is expected to balloon from $3.92 billion in 2021 to $4.06 billion in 2022 at a compound annual growth rate (CAGR) of 3.6%—meanwhile, a 4.0% CAGR in 2026 accounts for $4.75 billion.
In 2021, North America topped the global market with a sizeable market share of over 25% in the year 2021, followed by Europe with a significant CAGR. They are among the regions in Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa included in the said report.
Products offered in the market enable devices to scan, detect and remove viruses. They typically run in the background upon downloading to monitor running programs from potential virus attacks. These product offerings are classified by entities such as organizations, sole traders or partnerships.
The expansion of the global market for antivirus software may also be linked to an increase in service providers. To mention a few, these are Cisco, Check Point Software, Symantec, Palo Alto Networks, and McAfee. Moreover, the list of growth stimulants includes the growing government and international investor investments in various security projects.
Data now run businesses; thus, maintaining their integrity towards them requires using cutting-edge technologies to secure our walls against internet intrusion. Weak measures carry significant risk, but robust ones ensure secure, safe and dependable data.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
