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Consumers are becoming increasingly aware of the uses of their data, and this may leave opportunities for digital privacy and security companies or ventures to flourish as organizations look to prioritize data safety and protection. This might be through consultation or as application builders that focus on data security - especially in the education sector.
Global Market Insights
Fortune Business Insider
Predicts a growth in data privacy software market size from $2.76bn in 2023 to $30.31bn by 2030. Read more to find out about key industry players and the market share by industry. Not surprisingly, banking and financial services industry has the largest market share, but it is interesting to note the lack of focus on educational software. (Fortune Business Insights, 2023)
McKinsey and Company
Predicts that the cyberattack market may represent up to a $2 trillion opportunity as the damage from cyberattacks continues to grow. Read more about McKinsey's take on this market opportunity and suggestions for security companies. (Aiyer et al., 2022)
Disclaimer: Although the sources are reputable, the following projections are simply predictions. The accuracy, completeness, and reliability of the market projections cannot be guaranteed, and readers/users acknowledge that market conditions may change rapidly, impacting the accuracy of projections. The authors of this OER recommend the reader focuses on the trends, not the actual numbers.
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