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Cybersecurity Services Market to Grow by USD 49 Billion from 2024-2028, Driven by Rising Data Breaches and AI’s Influence on Market Trends- Technavio Report

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global cybersecurity services market  size is estimated to grow by USD 49 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.23%  during the forecast period.  Increase in number of data breaches is driving market growth, with a trend towards integration of ai and ml in cybersecurity services. However, high cost of cybersecurity services implementation  poses a challenge. Key market players include Accenture Plc, Akamai Technologies Inc., AO Kaspersky Lab, Broadcom Inc., Cassava Technologies, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Inc., Dell Technologies Inc., FireEye Inc., Fortinet Inc., F Secure Corp., International Business Machines Corp., McAfee LLC, Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., RSA Security LLC, S.C. BITDEFENDER S.R.L., Sophos Ltd., Tenable Holdings Inc., Trend Micro Inc., and Zscaler Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premises and Cloud based), End-user (Government, BFSI, ICT, Manufacturing, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Accenture Plc, Akamai Technologies Inc., AO Kaspersky Lab, Broadcom Inc., Cassava Technologies, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Inc., Dell Technologies Inc., FireEye Inc., Fortinet Inc., F Secure Corp., International Business Machines Corp., McAfee LLC, Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., RSA Security LLC, S.C. BITDEFENDER S.R.L., Sophos Ltd., Tenable Holdings Inc., Trend Micro Inc., and Zscaler Inc.

Key Market Trends Fueling Growth

The integration of Artificial Intelligence (AI) and Machine Learning (ML) in cybersecurity services has revolutionized threat detection and analysis, predictive analytics, and incident response capabilities for organizations. AI and ML algorithms enable the identification of anomalies, detection of malicious patterns, and differentiation between normal and abnormal behavior within network traffic, user access patterns, and system activities. This proactive identification of potential security incidents reduces false positives and allows security teams to focus on genuine threats. Predictive analytics using AI and ML can anticipate potential security vulnerabilities, emerging attack vectors, and malicious patterns, enabling organizations to preemptively fortify their defenses. IBM is an example of a company offering AI-integrated cybersecurity services, including threat detection and prevention, automated incident response, and behavior-based authentication and access control. These advanced technologies enhance organizations’ resilience to cyber threats, minimize the time to remediate incidents, and reduce the risk of insider threats and unauthorized access. The adoption of AI and ML in cybersecurity services is expected to increase, fueling the growth of the global cybersecurity services market. 

The Cybersecurity market is experiencing significant growth due to the increasing number of cyber threats targeting businesses and organizations. Digital technologies, such as cloud computing and remote work, have expanded the attack surface, leading to new cybersecurity risks. Cyberattacks on digital transactions, critical infrastructure, and industries like banking, financial services, healthcare, and e-commerce platforms are on the rise. Advanced security solutions, including machine learning and threat detection, are essential to mitigate these risks. However, there’s a cyber talent shortage, making it challenging for organizations to hire enough cybersecurity professionals. Cloud security services and advanced technologies like artificial intelligence (AI) and machine learning (ML) are popular investments for enterprise security solutions. Network security, cloud-based solutions, endpoint security, and risk-based security are crucial security measures to address remote working vulnerabilities and malicious attacks. The energy sector and critical infrastructure are also at risk from cyber espionage and physical threats to electric power. Cybersecurity investments in advanced technologies and skilled workforce are crucial to stay ahead of evolving cyber threats. 

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Market Challenges

•         The high cost of implementing cybersecurity services poses significant challenges for organizations, limiting their ability to invest in comprehensive security measures. Comprehensive cybersecurity solutions, such as advanced threat detection, incident response, and continuous monitoring, require substantial investments. Consequently, organizations may face budget constraints, leading to resource allocation challenges and potential limitations on the adoption of advanced security solutions. The financial burden of high implementation costs can impact the scope and effectiveness of cybersecurity measures, leaving critical digital assets and sensitive information vulnerable. Small and medium-sized enterprises (SMEs) and organizations with limited budgets may find it challenging to procure and implement costly cybersecurity services, creating disparities in security posture. These factors are expected to negatively impact the growth of the global cybersecurity services market, as organizations balance budgetary constraints with the imperative of safeguarding against evolving cyber threats.

•         The Cybersecurity Services Market is facing several challenges in today’s digital world. The cybersecurity workforce shortage is a significant issue, making it difficult for businesses to find qualified professionals to protect their enterprise security solutions against digital attacks. Cloud-based cybersecurity solutions are increasingly popular, but securing cloud applications and infrastructure remains a challenge. Remote working vulnerabilities have emerged as a major concern due to the pandemic. Cybersecurity investments are on the rise, but there are skill gaps in areas like AI and ML for network security and endpoint security. Banking, Financial Services, Healthcare, and E-commerce platforms are prime targets for malicious attacks. Advanced technologies like RiskBased Security and Incident Response services are essential to mitigate risks. Critical infrastructure sectors like Energy and Transportation of oil face physical threats and cybersecurity risks. Connected devices add to the complexity of security infrastructure. Cybersecurity vendors offer global threat monitoring and security operation centers with threat intelligence to help businesses stay ahead of cyber threats. Cybersecurity solutions must adapt to the ever-evolving threat landscape to ensure effective security measures.

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Segment Overview 

This cybersecurity services market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud basedEnd-user 2.1 Government2.2 BFSI2.3 ICT2.4 Manufacturing2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 On-premises-  The Cybersecurity Services market is essential for businesses to protect their digital assets from threats. These services offer solutions to secure networks, data, and applications from unauthorized access, malware, and cyber-attacks. Service providers offer managed security services, consulting, and integration services. Companies invest in cybersecurity to mitigate risks, ensure compliance, and safeguard their reputation. Cybersecurity Services are crucial for businesses to operate efficiently and securely in today’s digital world.

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Research Analysis

The Cybersecurity market is experiencing exponential growth due to the increasing number of cyber threats in the digital age. With the widespread adoption of digital technologies, cloud computing, and remote work, the risks of cyberattacks have become a significant concern for businesses and individuals alike. Cybersecurity is essential for protecting digital transactions, enterprise security solutions, banking and financial services, healthcare, e-commerce platforms, and critical infrastructure from malicious attacks. Advanced security solutions, such as artificial intelligence (AI) and machine learning (ML), are being employed to mitigate risks and enhance threat detection. However, the cybersecurity skill gap poses a challenge to effective implementation and management of these solutions. Cyber threats are not limited to digital attacks; physical threats to critical infrastructure and energy sectors also pose significant risks. The stakes are high, and cybersecurity measures are crucial to safeguard against potential damages. Risk-based security approaches are gaining popularity as they provide a proactive and adaptive response to cyber threats. Organizations must remain vigilant and invest in advanced security solutions to mitigate risks and protect their digital assets.

Market Research Overview

The Cybersecurity market is experiencing rapid growth due to the increasing number of Cyber threats in the digital age. With the widespread adoption of digital technologies, Cloud computing, and Remote work, Cybersecurity risks have become a significant concern for businesses and individuals alike. Advanced security solutions, such as Machine Learning (ML) and Artificial Intelligence (AI), are being used for Threat detection and incident response. Cyberattacks, including Cyber espionage and Malicious attacks, are a constant threat to critical infrastructure in sectors like Banking, Financial Services, Healthcare, E-commerce platforms, Energy, and Transportation of oil. The Cybersecurity workforce faces a talent shortage, exacerbating the Cybersecurity skill gap. Cloud security services, Network security, and Endpoint security are essential components of a Security infrastructure. Cybersecurity investments continue to grow, with a focus on Cloud-based solutions and RiskBased Security. Global threat monitoring, Incident response services, and Security operation centers provide vital Threat intelligence to mitigate risks. Connected devices and Physical threats add to the complexity of securing digital environments. Cybersecurity vendors offer advanced technologies to help organizations stay ahead of the curve.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud BasedEnd-userGovernmentBFSIICTManufacturingOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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