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      "text": "Source: Expert interviews, McKinsey & Company, Company websites. Note: 1. TAM calculated for each line of business considering historical CYBR ARR performance, bottom-up analysis leveraging global firmographics and technology analyst estimates. 2. TAM per McKinsey & Company represents incremental TAM opportunities.",
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      "text": "~$50Bn Identity Security",
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      "text": "~$10Bn Incremental Machine Identity",
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      "text": "Venafi Meaningfully Expands Our Opportunity: 3x TAM Expansion Since 2021",
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