Page 224 - Cyber Defense eMagazine June 2024

Additionally, the use of digital technologies has expanded even more as a result of COVID-19.
According to projections, the global expenditure on digital transformation is expected to reach
around USD 3.4 trillion by 2026. Additionally, The World Economic Forum estimates that by 2025,
digital transformation will bring $100 trillion to the global economy. Furthermore, it is poised that
by 2025, platform-driven interactions will facilitate almost two-thirds of the $100 trillion in value
that digitization holds.

Segmentation Analysis:

• Solutions The solution segment
Component • Services holds the largest
market share. With
realtime insight from
threat intelligence
solutions, operational
security teams can
save time and
increase efficiency,
thus driving segment
growth.

Type • Strategic The operational segment held
• Tactical the largest industry share.
• Operational This is due to an increase in
the demand for information

about specific incoming
attacks by hackers.

Deployment • Cloud The cloud segment is
• On-premise analyzed to garner the highest

market value. In the face of
increasing cyber threats,
cloud services play an
important role. This has led to
a tremendous increase in the
use of cloud threat
intelligence tools over the past
several years.

Organization Size • SMEs The SMEs segment is slated
• Large Enterprise to have great opportunities.
Globally, SMEs become
targets for new types of cyber
attacks and thus are in favour

Cyber Defense eMagazine – June 2024 Edition 224
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