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The Business Research Company’s global market report has updated the latest market sizing information for the year 2023 and forecasted to 2032. The global cybersecurity market size is expected to grow from $201.3 billion in 2022 to $223.7 billion in 2023 at a compound annual growth rate (CAGR) of about 11%. The increase in the adoption of IoT technology among cybersecurity companies is expected to drive the cybersecurity services market in the forecast period.