46% of the region's total security expenditures are attributed to SMBs and midmarket businesses. With a robust compound annual growth rate of 13% over five years, the market revenue is expected to reach USD 6 billion by 2027, indicating exponential expansion. Large corporations and small and medium-sized businesses in the area are prioritising cybersecurity investments as cyber threats increase, including a spike in ransomware assaults year over year.
46% of the region's total security expenditures are attributed to SMBs and midmarket businesses. With a robust compound annual growth rate of 13% over five years, the market revenue is expected to reach USD 6 billion by 2027, indicating exponential expansion. Large corporations and small and medium-sized businesses in the area are prioritising cybersecurity investments as cyber threats increase, including a spike in ransomware assaults year over year.