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Retail Cybersecurity Market Trends

Report ID: GMI6539
Published Date: Aug 2023
Report Format: PDF

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Retail Cybersecurity Market Trends

The escalating trend of direct e-commerce cyber threats is driving the retail cybersecurity industry growth. As online shopping becomes more prevalent, cybercriminals increasingly target e-commerce platforms, seeking to exploit payment systems, steal customer data & disrupt operations. This surge in direct e-commerce cyber threats compels retailers to invest in robust cybersecurity solutions that safeguard sensitive transactions and customer information. The urgency to counter these threats has amplified the demand for advanced security measures, thereby boosting the market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of retail cybersecurity reached USD 12.1 billion in 2022 and may witness over 18.8% CAGR from 2023 to 2032, due to the rapid rise in online retail and e-commerce worldwide.

The large enterprises segment held over 67% of the market share in 2022, owing to their extensive resources and capabilities.

North America recorded over 39% of the market share in 2022, attributed to the rising collaborations between cybersecurity solution providers, technology vendors, and retail businesses.

Cisco Systems Inc., IBM Corporation, Fortinet, CrowdStrike, Microsoft Corporation, Palo Alto Networks and Check Point Software Technologies are some of the major retail cybersecurity firms.