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Therefore, several organizations are increasing their cybersecurity spending. Global cybersecurity cumulative spending is expected to exceed $1.75 trillion by for the five-year period 2021 -2025. The cybersecurity market is expected to reach $199.9 billion by 2028, registering a CAGR of 10.5%.
Given this backdrop, we think it could be wise to bet on cybersecurity stocks Check Point Software Technologies Ltd. (NASDAQ:CHKP), Trend Micro Incorporated (TMICY), and Radware Ltd. (RDWR), which possess strong growth prospects.
