CIOInsider India Magazine

It’s no secret that digital transformation has picked up pace ever since the pandemic. Today, no company with foresight can overlook the limitless potential of digital transformation. Several research reports manifests that the global Digital Transformation Market, which was worth $695.5 billion in 2023, is set to skyrocket to $3,144.9 billion

by 2030. During the forecast period, the market is expected to experience robust growth to the tune of 24.1 percent CAGR (from 2024 to 2030). However, while being promising, this dramatic expansion introduces formidable cybersecurity challenges. With cyber attackers harnessing dynamically evolving AI tools, and with the prevalence of hybrid work environments—spanning homes, offices, cafes, and coworking spaces—the threat landscape is becoming increasingly complex. It’s no surprise that estimates predict the global cost of cybercrime will surge from $8.4 trillion in 2022 to over $23 trillion by 2027.

The only viable response is heightened vigilance. Organizations must adopt zero-trust security policies and invest in educating users on best security practices to safeguard their future. Staying ahead of threats also requires significant investment in cybersecurity infrastructure. According to Markets and Markets, the global cybersecurity market is anticipated to grow from $173.5 billion in 2022 to $266.2 billion by 2027, reflecting a CAGR of 8.9 percent. This annual special edition of CEO Insights turns the spotlight on cybersecurity, including modern-day attacking patterns, automated responses, proactive defense strategies and much more. We look forward to hearing your perspectives on this crucial topic.