SMB Cybersecurity Market
Small and medium-sized businesses (SMBs) are increasingly targeted by cybercriminals, yet many still believe they’re too small to be on the radar. In reality, cyberattacks on SMBs are rising sharply, and many organizations are unprepared to handle the consequences. A single attack can cripple operations, with some SMBs unable to recover from even modest financial damages. This growing threat has fueled a sharp increase in cybersecurity spending among SMBs, with the market expected to surpass $100 billion in the next few years. However, many businesses continue to face challenges in adopting strong security practices. A significant portion still handles cybersecurity in-house, often without dedicated IT staff or updated tools. Human error remains one of the leading causes of breaches, making employee education and basic protections — like multi-factor authentication, firewalls, and routine backups — more important than ever. Market Drivers and Solution Trends Several trends are sh...