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Yahoo
26-05-2025
- Business
- Yahoo
Cyber Security Market Industry Trends and Global Forecasts to 2035, Featuring AlgoSec, Broadcom, Cisco, F5, Fortinet, F-secure, IBM, Intel Security, Microsoft, Proofpoint, Sophos, Zscaler & more
The global cybersecurity market is projected to soar from USD 215 billion in 2025 to USD 697 billion by 2035, at an 11.3% CAGR. Key segments include hardware, software, and services, with North America leading but Asia anticipated to grow fastest. Market growth is driven by rising cyber threats and the demand for robust security solutions. Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Cyber Security Market Industry Trends and Global Forecasts to 2035: Distribution by Type of Component, by Deployment Mode, by Solution Type, by Type of Technology, End-user and Geography" report has been added to offering. The global cyber security market size is estimated to grow from USD 215 billion in 2025, to USD 697 billion by 2035, at a CAGR of 11.3% during the forecast period, till 2035. Cyber Security Market: Growth and Trends Cybersecurity has become an essential part of every business strategy as the risks of data breaches, hacking, and cybercrime continue to escalate. Its significance lies in safeguarding sensitive data, ensuring employee efficiency, and boosting customer trust in products and services. With the growing dependence on digital systems and networks, the necessity for strong cybersecurity measures has become increasingly urgent. In this scenario, zero trust security has emerged as a practical solution. The cybersecurity industry faces a substantial deficit of qualified professionals, with over 3.5 million unfilled positions worldwide. This gap presents a significant opportunity for individuals to make a career change and for companies to enhance the skills of their current workforce. For example, Simplilearn provides extensive courses in cybersecurity, including the Certified Ethical Hacking (CEH) and Certified Information Systems Security Professional (CISSP) certifications, which are in high demand in the field. The need for cybersecurity professionals is fueled by the constantly changing landscape of cyber threats. Ransomware attacks, social engineering tactics, and vulnerabilities associated with IoT are just a few of the obstacles that organizations must address to maintain their cybersecurity defenses. Consequently, companies are making substantial investments in cybersecurity strategies, encompassing network security, cloud security, and safeguarding critical infrastructure. The cybersecurity sector is anticipated to grow, as businesses acknowledge the essential need for strong cybersecurity practices to defend their information and systems against the rising complexity of cyber assaults. Cyber Security Market: Key Segments Market Share by Type of Component Based on the type of component, the global cyber security market is segmented hardware, software and services. Currently, hardware captures the majority share of the market. However, owing to the rising implementation of advanced security solutions and the increasing incorporation of artificial intelligence and machine learning in cyber security offerings, the software segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Deployment Mode Based on deployment mode, the cyber security market is segmented into on-premises, cloud and hybrid. Currently, on-premises captures the majority share of the market. This can be attributed to the advantages of on-premises solutions in providing organizations with complete ownership and control over their data, which is essential for sectors that have strict regulatory compliance mandates. Market Share by Solution Type Based on solution type, the cyber security market is segmented identity and access management, antivirus / antimalware, intrusion detection systems / intrusion prevention systems, security information, log management and event management, firewall, encryption and tokenization, compliance and policy management, patch management, and other solutions. Currently, identity and access management solutions capture the majority share of the market. However, owing to the rising adoption of network security products and increasing expenditure on IT security, the market for intrusion detection systems/intrusion prevention systems is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of Technology Based on type of technology, the cyber security market is segmented 5G security, AI / ML security, blockchain security, cloud security, DevSecOps, IoT security and other technologies. Currently, cloud security captures the majority share of the market. This can be attributed to the rising adoption of cloud services and the necessity to safeguard cloud assets from unauthorized access, malware, and other threats. Market Share by Type of End-user Based on type of end-user, the cyber security market is segmented into government / defense, BFSI, healthcare, aerospace, retail and ecommerce, energy and utilities, telecommunication, transportation and logistics, media and entertainment, and other end-users. Currently, government / defense segment captures the majority share of the market. This can be attributed to numerous investments made by government bodies to enhance national cybersecurity systems. Market Share by Geography Based on geography, the cyber security market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. North America captures the majority share of the market. However, market in Asia is anticipated to experience the highest CAGR during the forecast period Sample Players in the Cyber Security Market Profiled in the Report, Include: AlgoSec Broadcom Check Point Software Technologies Cisco F5 Fortinet F-secure IBM Intel Security Microsoft Palo Alto Networks Proofpoint Sophos Zscaler Cyber Security Market: Research Coverage The report on the cyber security market features insights on various sections, including: Market Sizing and Opportunity Analysis: An in-depth analysis of the cyber security market, focusing on key market segments, including type of component, deployment mode, solution type, type of technology, end user, and geography. Competitive Landscape: A comprehensive analysis of the companies engaged in the cyber security market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, type of component, deployment mode, solution type, type of technology and end user. Company Profiles: Elaborate profiles of prominent players engaged in the cyber security market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, cyber security portfolio, moat analysis, recent developments, and an informed future outlook. Patent Analysis: An insightful analysis of patents filed / granted in the cyber security market, based on relevant parameters, including type of patent, patent publication year, patent age and leading players. Porter's Five Forces Analysis: An analysis of five competitive forces prevailing in the cyber security market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors Key Questions Answered in this Report How many companies are currently engaged in cyber security market? Which are the leading companies in this market? What factors are likely to influence the evolution of this market? What is the current and future market size? What is the CAGR of this market? How is the current and future market opportunity likely to be distributed across key market segments? Key Topics Covered: 1. PROJECT BACKGROUND 2. RESEARCH METHODOLOGY 3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS 4. EXECUTIVE SUMMARY4.1. Insights on Leading Players4.2. Insights on Startups Ecosystem4.3. Insights on Global Cyber Security Market4.4. Insights on Global Cyber Security Market Opportunity4.5. Insights on Global Cyber Security Market Opportunity by Type of Component4.6. Insights on Global Cyber Security Market Opportunity by Deployment Mode4.7. Insights on Global Cyber Security Market Opportunity by Solution Type4.8. Insights on Global Cyber Security Market Opportunity by End-user4.9. Insights on Global Cyber Security Market Opportunity by Geography 5. CYBER SECURITY MARKET: MEGATRENDS 6. INTRODUCTION6.1. Overview of the Cyber Security Industry6.2. COVID-19 impact on the Cyber Security Market6.3. Challenges Prevailing in the Cyber Security Industry6.4. Recent Developments in the Cyber Security Industry6.5. Future Perspectives 7. CYBER SECURITY MARKET: VALUE CHAIN ANALYSIS7.1 Brief Overview on Cyber Security Process and Stakeholders Involved7.2. The Evolving Requirements of Stakeholders and Conclusion 8 COMPETITIVE LANDSCAPE: LEADING PLAYERS IN THE CYBER SECURITY MARKET8.1. Cyber Security Market: Market Landscape of Leading Players8.1.1. Analysis by Year of Establishment8.1.2. Analysis by Company Size8.1.3. Analysis by Company Size and Year of Establishment8.1.4. Analysis by Location of Headquarters8.1.5. Analysis by Company Size and Location of Headquarters8.1.6. Analysis by Type of Component8.1.7. Analysis by Deployment Mode8.1.8. Analysis by Solution Type8.1.9. Analysis by End-User 9. MARKET CONCENTRATION ANALYSIS9.1. Chapter Overview9.2. Assumptions and Key Parameters9.3. Methodology9.4. Market Concertation Analysis: Top Cyber Security Companies 10. PATENT ANLYSIS10.1. Chapter Overview10.2. Scope and Methodology10.3. Cyber Security Market: Patent Analysis10.4. Cyber Security Market: Patent Benchmarking Analysis10.5. Cyber Security Market: Patent Valuation10.6. Leading Patents by Number of Citations 11. MARKET IMPACT ANALYSIS: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES11.1. Chapter Overview11.2. Market Drivers11.3. Market Restraints11.4. Market Opportunities11.5. Market Challenges11.6. Conclusion 12. GLOBAL CYBER SECURITY MARKET12.1. Assumptions and Methodology12.2. Global Cyber Security Market, Historical Trends (Since 2018) and Forecasted Estimates (Till 2035)12.2.1. Scenario Analysis12.2.1.1. Conservative Scenario12.2.1.2. Optimistic Scenario12.2. Key Market Segmentations 13. CYBER SECURITY MARKET, BY TYPE OF COMPONENT 14. CYBER SECURITY MARKET, BY DEPLOYMENT MODE 15. CYBER SECURITY MARKET, BY SOLUTION TYPE 16. CYBER SECURITY MARKET, BY TYPE OF TECHNOLOGY 17. CYBER SECURITY MARKET, BY TYPE OF END-USER 18. NORTH AMERICA CYBER SECURITY MARKET 19. EUROPE CYBER SECURITY MARKET 20. ASIA-PACIFIC CYBER SECURITY MARKET 21. LATIN AMERICA CYBER SECURITY MARKET 22. MIDDLE EAST AND AFRICA CYBER SECURITY MARKET 23. COMPANY PROFILES Leading Players in the Cyber Security Market AlgoSec Broadcom Check Point Software Technologies Cisco F5 F-secure IBM Intel Security Microsoft Palo Alto Networks Other Prominent Players in the Cyber Security Market BAE Systems CyberArk FireEye Fortinet Proofpoint Qualys SentinelOne SonicWall Sophos Zscaler For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-03-2025
- Business
- Yahoo
H&R Block names Phillip Miller as Chief Information Security Officer
KANSAS CITY, Mo., March 25, 2025 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB), a leading provider of global tax preparation, financial products and small business solutions, today announced that Phillip Miller will join the company as the new Vice President and Chief Information Security Officer (CISO) as of March 31. "We are thrilled to welcome Phillip to our leadership team," said Dara Redler, Chief Legal and Administrative Officer. "His extensive experience and innovative approach to information security will be invaluable as we continue to prioritize protecting our clients." Miller brings over 15 years of executive security experience across retail, manufacturing, and technology sectors. Miller has built and maintained strategic programs for companies to meet security, legal, privacy and regulatory frameworks. Most recently, Phillip founded Qurple, LLC, where he served as an advisor and consultant for numerous companies. Prior to that, he held Vice President/Chief Information Security Officer roles at NetApp and Brooks Brother. Miller has also served as a Principal Security Advisor at Amazon Web Services where he advised financial services, health services, financial technology, and investment management companies on secure cloud computing and compliance strategies. Miller is the author of "Hacking Success," a book on information security policy and artificial intelligence. He holds a UK law degree, is a Certified Information Systems Security Professional (CISSP), and actively participates in privacy, ethics, and technology law forums. About H&R BlockH&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News. Media Contacts: Media Relations: Lexi Ryan, (816) 877-7076, Media Desk, mediadesk@ Investor Relations: Jordyn Eskijian, (816) 854-5674, in to access your portfolio
Zawya
20-03-2025
- Business
- Zawya
Forcepoint strengthens executive leadership team to drive AI-powered data security innovation
RELATED TOPICS CYBERSECURITY RELATED COMPANIES Everfox TCS Zscaler Getvisibility Varonis KX Innovation Dubai, UAE – Forcepoint, a global leader in data security, today announced three strategic leadership appointments to accelerate innovation and execution of its AI-driven Data Security Everywhere strategy. Guy Shamilov has been named Chief Information Security Officer (CISO), Bakshi Kohli as Chief Technology Officer (CTO) and Head of Global Engineering, and Naveen Palavalli's role has expanded to Chief Product Officer and Chief Marketing Officer (CPO and CMO). Today's appointments strengthen Forcepoint's vision to unify visibility and control across all stages of the data security lifecycle—from discovery and classification to prioritization, monitoring and risk mitigation. As data spreads across hybrid environments and generative AI (GenAI) introduces new risks, dynamic, adaptive data security is essential for protecting sensitive information and intellectual property from automated, AI-driven threats. Legacy security approaches relying on disconnected, one-off tools are no longer sustainable. By unifying security policies and leveraging AI-powered automation, Forcepoint's Data Security Everywhere platform enables businesses and governments to prevent data loss, simplify compliance and proactively defend against evolving cyber threats—all through a centralized, AI-driven architecture. 'Our mission is to simplify security for enterprises and governments by embedding AI automation into every aspect of data security,' said Ryan Windham, CEO of Forcepoint. 'With AI Mesh at the core of Forcepoint's insights and adaptive controls for risk, we uniquely deliver full-lifecycle data security across hybrid and AI environments. Guy, Bakshi and Naveen bring deep expertise to accelerate this product innovation, enhance customer security postures and drive our growth as the leader in unified data security.' Leadership to Meet the Growing Challenges of AI-based Security Risks Guy Shamilov, CISO – Security at the Core of Business Strategy With over 20 years of experience, Shamilov leads Forcepoint's global security strategy and operations, embedding cybersecurity into business culture, objectives and operations. Prior to Forcepoint, he served as CISO at Varonis, Tata Consultancy Services and Traiana, driving security innovation and risk management. He also holds the (ISC)² Certified Information Systems Security Professional (CISSP) certification and was named CISO of the Year in 2023 by NC Tech Association. 'CISOs today face an unprecedented challenge—AI-driven attacks are on the rise, and businesses are struggling to keep up with evolving threats, adapt strategies, and fix security gaps—all while managing complex tools and controls,' said Shamilov. 'Forcepoint is solving this problem with an end-to-end, AI-powered platform that brings visibility and control under one roof to simplify management, mitigate risk and reduce cost for CISOs.' Bakshi Kohli, CTO and Head of Global Engineering – Advancing AI-Powered Protection A technologist with over 30 years of experience, Kohli drives the architectural vision of Forcepoint's Data Security Everywhere platform and leads global engineering teams. At Zscaler, he helped grow recurring revenue 15x and played a key role in the company's successful IPO. 'GenAI is transforming security, and businesses and governments must understand what data is being fed into AI models and what insights are coming out,' said Kohli. 'AI also presents the perfect pathway for innovating data security. No other vendor delivers the depth and breadth of data security like Forcepoint. With world-class DLP and the Getvisibility acquisition, we are building the industry's most comprehensive data security platform—one that makes security stronger and more manageable.' • Naveen Palavalli, CPO and CMO – Unifying Product and Market Execution With nearly 25 years of technology experience in the cybersecurity industry, Palavalli now oversees product strategy, roadmap and marketing, ensuring seamless alignment between innovation and customer needs. Since joining Forcepoint as CMO in April 2024, he has driven the launch of Data Security Posture Management (DSPM), Data Detection and Response (DDR), and AI-Mesh capabilities—powered by Getvisibility. 'Security must adapt as fast as the threats do, which makes all the difference between which businesses thrive or simply survive in the AI era,' said Palavalli. 'Customers tell us daily there must be a simpler way to keep up. Bringing together product and marketing underscores Forcepoint's commitment to delivering real-time, adaptive data security solutions developed with customers, for customers.' Expanding AI Security Capabilities These leadership appointments come as Forcepoint expands its AI-driven data security capabilities with the planned acquisition of Getvisibility, a leader in AI-powered security solutions. The acquisition strengthens Forcepoint's Data Security Everywhere architecture—including DLP, CASB and SWG—with deeper DSPM, DDR and AI-Mesh integration to help customers identify and protect sensitive data in real time. With this unified approach, Forcepoint brings visibility and control under one roof, enabling organizations to secure their data across cloud, web and endpoint environments, without the complexity of managing multiple security tools. About Forcepoint Forcepoint simplifies security for global businesses and governments. The company's Data Security Everywhere architecture makes it easy to adopt Zero Trust and prevent the theft or loss of sensitive data and intellectual property no matter where people are working. Based in Austin, Texas, Forcepoint creates safe, trusted environments for customers and their employees in more than 150 countries. Media Contact: Forcepoint@
Associated Press
05-02-2025
- Business
- Associated Press
Marquis Who's Who Honors Glen Willis for Expertise in Information Technology
UNIONDALE, NY / ACCESS Newswire / January 17, 2025 / Marquis Who's Who honors Glen Willis for his expertise in information technology. Mr. Willis is currently the director of cyber and technology at Kalles Group and has 26 years of experience in his field. About Glen Willis Mr. Willis served as an air traffic controller in the United States Air Force for seven years. He attributes his confidence and down-to-earth demeanor to his military service, during which he developed many structures and organizational habits. These traits have helped Mr. Willis succeed throughout his long career as he evolved from one role to another. He also believes in focusing on personal and professional growth and learning new things by working outside his comfort zone to develop new skills and knowledge. Mr. Willis has pursued higher knowledge throughout his career. He earned a Bachelor of Science in psychology with a minor in military science from Troy University in 2002. Later, in 2016, he received a cyber security and privacy law certification from the Mitchell Hamline School of Law. Mr. Willis also received his Certified Information Systems Security Professional (CISSP) certificate from the International Information System Security Certification Consortium (ISC2). In his position, Mr. Willis manages a team that assists clients ranging from startups to Fortune 500 companies with their risk and security portfolios. He also leads strategies for business development, marketing and consulting engagements. Mr. Willis is willing to work hard and is committed to the tasks he performs for businesses and organizations. As a leader, he believes in sharing his success with his team. 'I am willing to be vulnerable with my team, clients, and stakeholders. I am willing to be transparent about what I do know and don't know, what I am capable of and where I might be a little less capable. That creates a sense of modeling for my own team,' Mr. Willis explains. Mr. Willis spent a significant amount of time during his career at Thomson Reuters and is especially proud of his time working there. As his career developed through the years, he had different roles within the company, including more traditional technology leadership roles, such as overseeing software and infrastructure developments and later transitioned into new tech areas. The period at Thomson Reuters provided Mr. Willis with the lessons and skills he brought to Kalles Group. A Dedication to Constant Learning and Helping Others Part of Mr. Willis' role at Kalles Group is dealing with the consistently shifting landscape of the tech world, including the emergence of artificial intelligence (AI). He deals with learning and adapting to new technology daily. Mr. Willis is also deeply dedicated to his community and supports nonprofits in his area. He hopes to be appreciated as someone willing to share lessons and wisdom from his wealth of experience, especially with younger people. 'At the end of the day, I'm really all about helping people move forward in their careers and their lives. That's something I always think of as a priority,' Mr. Willis says. About Marquis Who's Who®: Since 1899, when A. N. Marquis printed the First Edition of Who's Who in America®, Marquis Who's Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who's Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who's Who® website,
