Cyber Security Market is estimated to witness a healthy CAGR during the forecast period, according to a report available on Million Insights. Cyber security is defined as advanced technology that protects computer systems, programs, and networks from digital attacks. These attacks are aimed at accessing, changing, and destroying important information related to businesses. Implementation of advanced cyber security solutions in organizations provides complete protection against threats such as malware, ransomware, phishing, and social engineering.
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Market Synopsis of Cyber Security Market:
Rising cases of phishing and
malware threats in organizations is anticipated to propel cybersecurity market
growth. Growing adoption of digitalization prompts organizations to depend on
digital information. Sharing huge volume of data in internal and external
environment across the globe is likely to create vulnerabilities in the
network. Such network vulnerabilities allow hackers to intrude and access
important data. This factor is expected to impel demand for advanced network
solutions to secure information and software. Stringent government regulations
on data privacy in organizations is expected to impel market growth. Moreover,
growing adoption of data center, cloud computing, and wireless communication
will drive the cyber security industry over the forecast period.
To cater to rising demand for
advanced internet safety solutions, manufacturing companies are investing in
R&D. For instance, in May 2019, Quick Heal Technologies launched advanced
cyber security solution for desktops and laptops. The product is aimed at
providing protection against potential cyber threats. In addition, the product
is equipped with comprehensive and advanced features such as webcam protection,
total ransomware protection, portable file vault, parental control, and safe
banking.
Component Insights:
Based on component, the
cybersecurity industry can be divided into solutions and services. Solution
segment is anticipated to dominate the cyber security market over the forecast
period. Rising demand for connected devices, bring your own devices (BYOD) and
internet of things (IOT) is expected to impel segment’s growth.
Security Type:
On the basis of security type,
the cyber security industry can be categorized into enterprise, endpoint,
cloud, application, network, and others. Application security segment is likely
to hold largest market share in coming years owing to rising number of
cyber-attacks in business applications. In addition, rising focus of
enterprises to safeguard critical data and business applications will drive segment’s
growth over the forecast period.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Cyber Security: Market
Variables, Trends & Scope
Chapter 4 Cyber Security: Product
Estimates & Trend Analysis
Chapter 5 Cyber Security:
Application Estimates & Trend Analysis
Chapter 6 Cyber Security: End-use
Estimates & Trend Analysis
Chapter 7 Cyber Security:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Cyber Security: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Cyber Security:
Manufacturers Company Profiles
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