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The rising adoption of cloud computing and connected devices has ushered in a wave of threats from cyber criminals worldwide. Amid the escalating pace of cyberattacks and growing sophistication of cyber threats, the cybersecurity industry has been expanding at a healthy pace over the years.
That growth is expected to continue, as Gartner projects global cybersecurity spending to increase 14.3% to $215 billion this year. Moreover, the global cybersecurity market is expected to keep expanding at a 13.8% CAGR to reach $424.97 billion in revenue by 2030.
