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Cybersecurity Market Sees Surge with 13.38% CAGR through 2031 Due to Increasing Threats | SkyQuest Technology

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WESTFORD, Mass., June 24, 2024 /PRNewswire/ — As per SkyQuest, the Global Cyber Security Market was valued at USD 150.02 Billion in 2022 and is poised to grow from USD 168.04 Billion in 2023 to USD 452.08 Billion by 2031, growing at a CAGR of 13.38% during the forecast period (2024-2031).

The global cybersecurity market is growing exponentially and is expected to continue to rise. A major factor in this growth is the frequent and dramatic increase in cyber threats targeting businesses, governments, and individuals. The increasing integration of digital technologies into critical infrastructure, such as strength grids, transportation systems, and healthcare facilities, has appreciably intensified the potential damages due to cyber-attacks.

Cybersecurity is growing as international organizations adopt technology like cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and large information analytics as a part of their virtual transformation tasks. This enormous shift might present corporations that adopt virtual transformation with the chance of encountering new and unexpectedly converting cybersecurity threats.

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Cybersecurity Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 168.04 billion 

Estimated Value by 2031 

$ 452.08 billion 

Growth Rate 

Poised to grow at a CAGR of 13.38% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Type, Industry, Deployment Mode and Organization Size

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Integration of Quantum Cryptography Represents a Pivotal Opportunity 

Key Market Drivers 

The Adoption of AI-powered Security Solutions Offers Substantial Growth Prospects for Participants Within Market 

Segments covered in Cybersecurity Market are as follows:

TypeData Privacy, Data Security, Cloud Security, Industry Security, Integrated Risk Management, Consumer Security Software, Identity Access Management, Network Security Equipment, Infrastructure Protection, Security Services (Professional Services (Risk & Threat Management, Professional Services, Design, Consulting, And Implementation, Training & Education, Support & Maintenance), Managed Services), and Others (Antivirus/Antimalware, Patch Management, Security Information and Event Management (SIEM), OthersIndustryAerospace & Defence, Government, BFSI, Healthcare, IT, Telecommunication, Manufacturing, Retail, Energy & Utilities, Media & Entertainment, and OthersDeployment ModeCloud, On-premises, & HybridOrganization SizeSmall Enterprises, Medium Enterprises, and Large Enterprises

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Palo Alto Networks

Palo Alto Networks is a global leader in the global cybersecurity market, known for its advanced security programs and a wide range of services designed to protect against a variety of cyber threats The company focuses on breeding the next generation of firewalls on a large scale, including the use of artificial intelligence (AI) and machine learning identify and mitigate threats strength. Bolstered by acquisitions like io and RedLock, which has enhanced their Prisma cloud security suite Palo Alto Networks is also a strong proponent of zero trust architecture, which ensures strict access controls to mitigate vulnerability under various types.

In recent news, the acquisition of Sider Security in 2023 aims to strengthen its capabilities in supply chain security, addressing growing concerns about software supply attacks. The company’s hybrid of AI and machine learning sets a high standard in their security measures and continuous threat detection and prevention, contributing significantly to the global cybersecurity agenda.

Cisco Systems

Cisco Systems, a leading force in the cybersecurity landscape, leverages its extensive networking expertise to deliver robust security solutions. One of its key strategies is Secure Access Service Base (SASE) integration, which encompasses networking and security functions combine into a unified cloud-native service offering comprehensive solutions to enhance threat detection, detection and response. Their secure network analytics use network behavior analytics to detect and address anomalies in real time.

While the recent acquisition of Kenna Security enhanced Cisco’s risk-based vulnerability management capabilities, enabling them to better prioritize threats, Duo Security’s ongoing expansion enhances multifactor authentication and zero trust capabilities. Adding security to Cisco’s networking products provides enterprises with simple and scalable solutions, dramatically improving enterprise security worldwide.

Crowd Protection 

CrowdStrike has created a strong niche in the global cybersecurity market with its cloud-native Falcon platform, which specializes in endpoint security, threat intelligence, and cyberattack response services. The company’s cloud-native approach scales. Ensures feasible and efficient security solutions. CrowdStrike places a strong emphasis on threat intelligence, providing deep insights to anticipate, prevent, and respond effectively to cyber threats. Their Managed Detection Response (MDR) service delivers proactive monitoring and response, helping companies better manage security operations.

Recent developments have enhanced their existing platform to enable expansion with the introduction of the Falcon XDR year 2023 in the country Cisco Systems, a leading force in the cybersecurity landscape, leverages its extensive networking expertise to deliver robust security solutions.

Check Point Software Technology 

Check Point Software Technologies is known for its comprehensive threat mitigation and comprehensive security solutions. The company’s Infinity architecture combines multiple security applications, including threat mitigation, mobile security, and cloud security into a consolidated platform. Their SandBlast solution uses advanced threat simulation and extraction technologies to create protection against sophisticated cyber-attacks. Check Point also offers a compatible security management system, which simplifies and streamlines security operations and policies.

Recently, their Cloud Guard security portfolio extension brought new capabilities to protect cloud-native applications and services. The acquisition of Avanon in 2021 strengthened the security of their email collaboration app, providing improved protection against phishing malware.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/cyber-security-market

Fortinet

Fortinet stands out in the global cybersecurity market with its high-performance security fabric and wide range of security solutions. The company’s security fabric integrates a broad range of security features, ensuring seamless cooperation in the face of digital attack. Fortinet’s strategic focus on AI and machine learning enhances their threat detection and automated response capabilities.

The acquisition of Panopta in 2020 enhanced Fortinet’s network monitoring and security management capabilities. Fortinet’s comprehensive security fabric provides a unified and robust approach to cybersecurity, dramatically improving security in network endpoint cloud environments. Their new solution is a focused approach that has contributed significantly to cybersecurity, providing robust security for many businesses. It has also been extended to Operations Technology (OT) security to protect industrial applications and critical infrastructure. The 2023 release of FortiOS 7.2 brought new features and enhancements to their flagship operating system, improving network security and user experience.

Cyber Security: Fortifying the Digital Fortress

The conclusion on cybersecurity was that it is absolutely necessary in our modern digital age. We cannot ignore the risks of cyberattacks, data breaches, and other online threats. Instead, we must take proactive measures to protect our information and systems from this threat.

Cybersecurity must be an ongoing effort: Threats to our information and systems are constantly evolving, so we must remain vigilant and constantly update our security measures. 

Prevention is key: The best way to protect against a cyberattack is to prevent it in the first place. This means implementing strong security measures such as firewalls, anti-virus software and encryption.

Education is essential: Everyone who uses the internet and digital devices should be aware of the risks and best practices for online safety. Education and awareness campaigns are an important part of defending against cyber threats.

Related Reports:

Network Security Market

Managed Security Services Market

Cloud Security Market

Application Security Market

Zero Trust Security Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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ANGHAMI REPORTS FY2025 REVENUE OF $99.3M, UP 27%, ON 3.5M SUBSCRIBERS AND LANDMARK STRATEGIC PARTNERSHIPS

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ABU DHABI, UAE, April 30, 2026 /PRNewswire/ — Anghami Inc. (NASDAQ: ANGH) (“Anghami”), the leading music and entertainment streaming platform in the MENA region, today announced its consolidated financial results for the year ended December 31, 2025, marked by revenue growth and subscribers reaching 3.5 million with a registered user base now exceeding 130 million, supported by landmark strategic partnerships.

HIGHLIGHTS

Revenue increased to $99.3 million in 2025, up 27% from $78.1 million in 2024. Growth came from subscriber gains across OSN+ and Anghami Plus, and the first full-year consolidation of OSN+ (April 1, 2024).Paid Subscribers exceeded 3.5 million across Anghami and OSN+, and registered users crossed 130 million.Warner Bros. Discovery closed its $57 million minority investment in OSN Streaming Limited in March 2025, expanding the content partnership and committing to joint investment in regional original production.Multiple strategic partnerships launched for OSN+ with Noon as well as a regional distribution agreement with talabat and the first-of-its-kind “Epic Bundle” with Shahid and Disney+ in December, delivering strong subscriber traction, high activation rates, and above-average conversion, reinforcing Anghami’s expanding distribution and monetization ecosystem.

Commenting on Anghami’s results, Elie Habib, CEO of Anghami, said: “2025 was the first full year of the combined Anghami and OSN+ business, and a year in which the scale of the opportunity became clear. Revenue grew 27% to $99.3 million. Paying subscribers exceeded 3.5 million, and our registered user base crossed 130 million across the MENA region.

We made important progress across the business. We rebuilt the OSN+ platform in-house, launched our first OSN+ Original, expanded strategic distribution partnerships with talabat and Noon, and signed the Epic Bundle with Shahid and Disney+, bringing three leading entertainment platforms into one subscription for the first time in the region. Warner Bros. Discovery’s investment in OSN Streaming Limited reflects confidence in our model, our market position, and the long-term value of premium regional streaming. Our HBO content commitments remain contractual and unchanged.

With a stronger product, a deeper content slate, Ramadan momentum, and early Epic Bundle traction, we enter 2026 focused on scaling revenue, improving unit economics, and converting momentum into sustainable growth.”

BUSINESS UPDATE

2025 marked a significant year in Anghami’s evolution as it progressed the integration of OSN+ into its multi-media streaming ecosystem and expanded its content, partnerships, and technology capabilities.

Anghami continued to invest in its proprietary technology, including AI-powered content recommendations, and completed the in-house rebuild of the OSN+ streaming platform, delivering improved performance, 4K capabilities, and full control over the user experience. 

In January 2025, OSN+ premiered its original production The Fashionista, reinforcing the platform’s investment in locally relevant content alongside its exclusive HBO catalogue, which includes House of the Dragon, The Last of Us, and Game of Thrones.

In March 2025, Warner Bros. Discovery announced an agreement to acquire a minority stake in OSN Streaming Limited, Anghami’s majority shareholder, investing $57 million. The transaction expands the existing content partnership and includes plans to jointly invest in locally produced content targeting regional audiences.

OSN+ partnerships with talabat and Noon expanded distribution and opened new customer acquisition channels, while high-profile live events including the Amr Diab & Adam Port concert in Abu Dhabi and Nancy Ajram Riyadh Boulevard activation reinforced Anghami’s cultural leadership position. Regional conflicts have impacted live events and regional content production; however, Anghami continued to scale its cultural footprint through flagship initiatives such as “Aktar Men Ayya Waqt,” a pan-Arab collaboration uniting leading artists across the region, alongside a focused Ramadan content strategy that delivered resilient engagement and outperformed industry trends that typically see lower metrics during the period.

As the year drew to a close, OSN+ launched the “Epic Bundle”, a first-of-its-kind bundled subscription with Shahid and Disney+, bringing all three platforms together under a single plan and broadening content access for consumers.

Anghami also continued to expand its telco partnership ecosystem in 2025, maintaining integrations with 45 telco operators across the MENA region. Telco partnerships serve as a dual-purpose growth lever by facilitating frictionless subscription payments, helping Anghami maintain one of the highest paying conversion rates among music streaming services in the MENA region, while also providing a significant marketing channel through co-branded campaigns and data bundle offerings.

From a financial perspective, revenue increased to $99.3 million in 2025, from $78.1 million in 2024, driven by subscriber growth across Anghami Plus and OSN+ and the first full-year contribution from the OSN+ video streaming segment which was consolidated from 1 April 2024. Profitability was impacted by the fixed video content licensing fees reflecting the full 12 month impact compared to 2024.

During 2025 and early 2026, the Company strengthened its Board of Directors with the appointments of Bassil Almouallimi (SRMG), James Cooke (Warner Bros. Discovery), Moustapha Chami (KIPCO), and Eman Al Awadhi (KIPCO).

OUTLOOK

Anghami is positioned to capitalize on continued growth in digital entertainment demand across the MENA region. The Company’s platform-led partnerships enhance distribution, content access and audience reach, further differentiating Anghami within an increasingly competitive streaming market.

Strategic collaborations with leading regional and global platforms, including Shahid, Disney+, talabat, and the expanded Warner Bros. Discovery relationship, are expected to remain key growth drivers. The content lineup is set to remain exceptional throughout the year, featuring highly anticipated global releases and returning flagship series. This includes A Knight of the Seven Kingdoms, Euphoria Season 3, Season 2 of The Pitt, which has emerged as one of the most widely watched series globally, and Season 4 of FROM. This is further reinforced by upcoming seasons of The House of the Dragon and a robust pipeline of award-winning and globally successful films, including major 2025 theatrical releases such as Sinners, Superman, and other leading box office titles.

Building on this early traction, Anghami aims to scale embedded and bundled distribution models to support more efficient user acquisition and deeper engagement across its core markets.

Management remains focused on balancing growth with operational discipline, as continued investment in platform capabilities, reshaping content acquisition costs, advertising optimization and partner integrations support scale benefits over time. As these initiatives mature, Anghami aims to drive improved monetization and stronger operating leverage across its digital entertainment platform that will lead to material unit economics improvements in 2026.

Anghami’s annual report on Form 20-F (the “Form 20-F”) for the year ended December 31, 2025 was filed today with the U.S. Securities and Exchange Commission. The Form 20-F can be accessed by visiting either the SEC’s website at www.sec.gov or the Company’s website at https://www.anghami.com/investors.

About Anghami Inc. (NASDAQ: ANGH)

Anghami is the leading multi-media technology streaming platform in the Middle East and North Africa (“MENA”) region, offering a comprehensive ecosystem of exclusive premium video, music, podcasts, live entertainment, audio services, and more.

With a user base exceeding 130 million registered users and over 3.5 million paid subscribers, Anghami has partnered with 45 telcos across MENA, facilitating customer acquisition and subscription payment, in addition to establishing relationships with major film studios, entertainment giants, and music labels, both regional and international. Headquartered in Abu Dhabi, UAE, Anghami operates in 16 countries across MENA, with offices in Beirut, Dubai, Cairo, and Riyadh.

To learn more about Anghami, please visit: https://anghami.com. Any questions for the Investors Relations Department can be emailed to IR@anghami.com or anghami@apcoworldwide.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “position,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “transform,” “commitment” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These statements include those related to the effect of the OSN+ integration, Warner Bros. Discovery investment in OSN Streaming, other new partnerships and collaborations, and future growth. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the outcome of any legal proceedings that may be instituted against Anghami; wars, conflicts and political instability; foreign exchange fluctuations, changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s fiscal 2025 annual report on Form 20-F filed with the SEC on April 30, 2026, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

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Soliant Health Names Graig Paglieri CEO; Founder David Alexander Transitions to Vice Chairman

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Transition supports Soliant’s continued growth as a leading specialized workforce organization in education and healthcare

PEACHTREE CORNERS, Ga., April 30, 2026 /PRNewswire/ — Soliant Health announced a leadership transition today as Founder and Chief Executive Officer David Alexander transitions to Vice Chairman, and Graig Paglieri has been appointed Chief Executive Officer, effective May 26, 2026. Paglieri joins Soliant following his tenure as Chief Executive of Randstad Digital, the technology staffing and solutions business unit of Randstad, the world’s leading talent company.

Under Alexander’s leadership, Soliant has built a strong national presence as one of the largest specialized workforce organizations serving the education and healthcare sectors. Since founding the company in 1992, Alexander has guided its expansion to more than 1,000 colleagues, supporting over 3,300 school districts and 750 healthcare organizations across 48 states.

“After more than three decades leading the business, I believe this is the right time to transition day-to-day leadership while remaining actively engaged in supporting the company’s long-term strategy. Graig’s experience accelerating growth, integrating acquisitions, and building high-performing global teams will be instrumental, and he is the right leader to build on our foundation and lead Soliant forward,” said David Alexander, Founder and current CEO of Soliant.

Graig Paglieri, Chief Executive Officer

Paglieri joins Soliant after leading large, global staffing and services businesses, most recently serving as Chief Executive of Randstad Digital, spanning North America, Europe, and APAC.During his tenure, he played a central role in unifying Randstad’s global technology businesses under the Randstad Digital brand identity.Paglieri played a key role in three significant strategic acquisitions that strengthened the company’s market position and service offerings, growing the business unit to $3 billion in revenue.He will focus on growing the Soliant business, strengthening relationships with partners, and supporting the team as the company continues to expand.

“I’m honored to join Soliant at this point in its journey. The company has a strong reputation, a differentiated culture, and a clear opportunity to continue growing. I look forward to partnering with David and the leadership team to build on that momentum,” said Graig Paglieri, incoming Chief Executive Officer of Soliant Health effective May 26, 2026.

Differentiated Platform

Soliant helps schools meet growing, legally mandated special education and behavioral support requirements by delivering highly qualified clinicians across a range of therapeutic areas. Soliant’s brands include BlazerWorks, VocoVision, and Spindle, enabling Soliant to deliver high quality solutions to its clients across both physical and virtual modalities.

About Soliant Health
Soliant is a leader in human capital solutions within the education and healthcare sectors. It operates offices in Atlanta, Tampa, Jacksonville, Houston, and Greenville. The company identifies and recruits highly skilled healthcare professionals across a wide range of specialties and connects them with healthcare providers in the education, nursing, and pharmacy segments, primarily on a temporary basis. For more information, visit soliant.com.

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Localcoin responds to federal proposal to ban crypto ATMs in Canada, calls for industry consultation

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Proposed nationwide ban raises concerns over lack of industry consultation and evidence-based policymaking

TORONTO, April 30, 2026 /CNW/ – Localcoin, Canada’s largest cryptocurrency ATM operator, is expressing concern following a recent federal government proposal to ban crypto ATMs nationwide, introduced without consultation with industry operators or key stakeholders.

With a network of over 1,000 retail partners across Canada, many of them independent, locally owned businesses, and dozens of contracted service providers nationwide, Localcoin’s mission is to provide accessible, safe, and user-friendly access to digital currency. Through its crypto ATMs, Localcoin served over 250,000 Canadians who value the convenience of buying and selling crypto with cash at familiar retail locations.

“This proposal represents a sweeping measure that risks undermining an entire industry, hundreds of small retail partners, and the Canadian employees and contractors the sector supports,” says Tristan Fong, CEO Localcoin. “It was developed without prior notice to stakeholders, and no one in the industry was aware it was under consideration. As a company committed to expanding the safe and responsible use of cryptocurrency, a blanket ban would disproportionately impact legitimate operators like Localcoin, as well as the hundreds of thousands of Canadians who use crypto ATMs for lawful, financial transactions.”

While Localcoin acknowledges that bad actors can misuse financial technologies, including crypto ATMs, and that fraud remains a concern, it notes that this is not unique to the crypto ATM industry.

Fraud is a broader challenge across the financial system,” Fong adds. “If we look across sectors in Canada, there have been hundreds of thousands of fraud cases, yet outright bans have not been proposed in response. Eliminating one access point does not stop criminal activity, it simply shifts it elsewhere, often to channels with fewer safeguards and less oversight. Rather than imposing a reactionary ban, effective solutions require targeted enforcement, stronger protections, and collaboration between regulators and industry. The focus should remain on addressing bad actors directly, rather than restricting legitimate access to financial tools.”

“We are ready to work collaboratively with policymakers to strengthen regulation, enhance fraud prevention measures, and improve public education across crypto ATM networks,” says Fong. “Regulatory tightening is a normal part of the financial services sector, and is especially common in the crypto sub-sector as it evolves. We believe there is a time and place for government support to ensure greater protection of Canadians, and that is important. However, an immediate escalation toward a ban, without clear supporting data or industry consultation, is not in the public interest.”

To learn more, visit Localcoinatm.com.

About Localcoin: Founded in 2016 in Toronto, Localcoin is Canada’s largest Bitcoin ATM network, with over 60 full-time staff members in Canada, operating over 2,150 machines across five countries including Canada, Australia, New Zealand, Hong Kong, and Poland. Localcoin makes cryptocurrency accessible to anyone, regardless of technical experience, through physical ATM kiosks that allow customers to buy and sell crypto with cash in minutes.

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