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Cybersecurity for critical infrastructure in the financial sector market to reach $17,465.33 Million, by 2032 at 6.9% CAGR: Allied Market Research

Allied Analytics LLP is a renowned market research firm that recently published a report on the Global Cybersecurity for Critical Infrastructure in the Financial Sector Market. The report highlights the key factors driving the growth of this market, such as the increasing complexity of cyber threats and the growing interconnectedness and interdependence within the financial sector.

According to the report, the global cybersecurity for critical infrastructure in the financial sector industry generated $9,012.96 million in 2022 and is expected to reach $17,465.33 million by 2032, with a compound annual growth rate of 6.9% from 2023 to 2032.

The report covers various aspects of the market, including components, deployment modes, industries, and regions. It also provides insights into the prime determinants of growth, such as technical debt from legacy systems and the shortage of cybersecurity skills and professionals.

The solution segment is projected to maintain its leadership status throughout the forecast period, accounting for a significant market share. However, the service segment is expected to grow at a faster rate due to the increasing number of third-party cybersecurity service providers globally.

In terms of deployment modes, the on-premise segment is forecasted to maintain its leadership status, while the cloud segment is expected to grow rapidly from 2023 to 2032. Similarly, the fintech industry is predicted to maintain its leadership status, with the insurance segment expected to grow at the fastest rate.

Regionally, North America is poised to maintain its leadership position in the market, with Asia-Pacific expected to experience the fastest growth rate. Key market players in the cybersecurity for critical infrastructure in the financial sector market include Zscaler, Wipro Inc., HCL Technologies, and Tata Consultancy Services, among others.

In conclusion, the report provides valuable insights for stakeholders looking to navigate the evolving landscape of cybersecurity for critical infrastructure in the financial sector. It offers a comprehensive analysis of market trends, key players, and growth strategies, enabling informed decision-making in this dynamic industry.

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