Consumer Security Market Size

Statistics for the 2023 & 2024 Consumer Security market size, created by Mordor Intelligence™ Industry Reports. Consumer Security size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Consumer Security Industry

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Consumer Security Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.90 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Consumer Security Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Consumer Security Market Analysis

The Consumer Security Market is expected to register a CAGR of 9% during the forecast period. As attacks and security breaches in organizations increase in frequency over the years, there will certainly be an increase in demand for a more powerful consumer protection system.

  • Security measures protect the network and the points of entry that link internal data to equipment that is connected to the internet externally, such as laptops, mobile phones, and other devices. It is the most effective cybersecurity solution for safeguarding various corporate networks. The sector is expected to grow as the bring-your-own-device (BYOD) policy is increasingly used. This enormous number of gadgets necessitates security solutions and favourably affects the consumer security market.
  • There is a significant risk of assaults from inside and outside the company, leaving end-users secret information exposed. Many companies are using artificial intelligence (AI) to combat these threats. Combining AI and machine learning makes recognizing dangers easier, significantly reducing activity. Risks associated with automating endpoint security solutions might be seen simultaneously at multiple security points.
  • Enterprises face substantial data risks from various assaults, including zero-day trojans, malware, and advanced persistent threats due to the expansion of business operations. These dangers have forced businesses to implement consumer security software to shield their networks from potential intrusions. In addition to firewalls, intrusion prevention and detection systems, data backup, and encryption, the security providers also offer packages with several other components.
  • Bring-your-own-device (BYOD) programs are widely accepted in organizations since they increase employee productivity while saving the company money. BYOD has many advantages, but there could be a security concern. Employees who use outdated technology without security updates make it simple for hackers to take advantage of software flaws. Similarly, if an employee saves their credentials, losing or having their device stolen puts both the local device and the corporate network in danger of a data breach.
  • The COVID-19 pandemic has compelled businesses worldwide to act swiftly to secure large numbers of remote workers and upgrade their tooling beyond the basic security measures. Organizations need cybersecurity vendors who can meet their requirements in the perilous threat landscape more than ever because rapid transformations are of utmost importance. Plans and practices for incident response are now being modified or updated because the majority of the security and risk team is working in settings and mindsets entirely different from their previous ones.

Consumer Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)