The cybersecurity market is getting more attention as companies worldwide spend more to protect their data as threats increase. Projections show the sector reaching $211.69 billion in 2026 before rising to $265.17 billion by 2030, which works out to a 5.79% compound annual growth rate (CAGR)through the decade. Cloud security, a key part of that growth, is drawing even more focus as businesses shift more work into hybrid and multi-cloud setups.
Akamai Technologies (AKAM) moved into Wall Street’s spotlight on Jan. 12, when Morgan Stanley delivered a rare double upgrade, lifting AKAM stock from “Underweight” to “Overweight” and raising its price target to $115 from $83. The Cambridge, Massachusetts based company, which runs content delivery, cloud security, and compute platforms, saw shares rise 3.5% on the news to close at $91.27.
