Top 10 Growth Opportunities in Cybersecurity, 2024

The Evolving Threat Landscape and Increasing Security Requirements Generate Growth Potential for Cybersecurity Providers

Frost & Sullivan's cybersecurity practice area covers a variety of solutions and advanced technologies that offer security protection to organizations. Some of the markets studied include extended detection and response (XDR), secure access service edge (SASE), cloud-native application protection platforms (CNAPPs), identity access management (IAM), and managed security services (MSPs). In this study, Frost & Sullivan discusses growth opportunities for the cybersecurity industry in 2024.

The outlook covers themes relevant to cybersecurity, with cloud migration, threat landscape evolution, and convergence among the key trends. As the threat landscape continues to evolve in 2024, attack sophistication will intensify the security challenge for people, technology, and processes, the tripartite system of security needed to protect business-critical data and infrastructure. Organizational needs have changed drastically from solely on-premises to hybrid or fully remote network access capabilities that differ among regions and industries. As organizations increasingly recognize security features and solutions as business enablers, especially in the post-pandemic world, Frost & Sullivan expects a positive outlook for the cybersecurity industry.