8 July 2019 – The
Global Cyber Security Market is subject to
witness a substantial growth due to the increasing focus towards prevention of
information in the wake of high profile data thefts and breaches. Adoption of
the machine learning, artificial intelligence (AI) and various communication
techniques such as instant messaging applications to provide protection against
potential cyber-attacks and data breaches, are on the rise. These factors are
responsible for the growth of the artificial intelligence-based cyber security
market, in recent years.
Globally, the cyber
security market is predicted to grow at CAGR of 12.88% over the forecast
period, providing numerous opportunities for market players to invest in
research and development of the cyber security market. Additionally, increasing
adoption of various cloud-based services such as authentication techniques,
video management, biometric information storage, and big data computing by
number of organizations are driving demand for the advanced cyber security
systems.
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Growing focus towards adoption of the cloud-data security
services to ensure security and protection from potential threats are expected
to drive market growth, in recent years. Furthermore, rise in the adoption of
cloud-based services by small and medium-sized enterprises is anticipated to
drive the expansion of cyber security market over the forecast period. With
recent technological advancement in the cloud technology, is leading to
integration of various cloud-based application in number of business processes.
The IoT technology is gaining wide popularity in recent
times, as it simplifies execution of complex tasks, thus providing necessary
convenience and simplifying life for millions of people. The IoT technology
utilizes large number of connected devices, which are directly linked with
cloud server to offer real time data to the user. However, this may lead to
cyberattacks and data breaches due to lack of security. Increasing concerns
related to cyber threats are key drivers responsible for rising demand of the
advanced cyber security solutions in numerous IoT applications.
The key players in the cyber security market are Symantec
Co., Cisco Systems Inc., Checkpoint Software Technologies Ltd., Fortinet Inc.,
Samsung, Xilinx, Inc., Amazon, Inc., Kaspersky Lab, and Trend Micro, Inc.,
Market segment by
Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
Market segment by
Application, Cyber Security can be split into
• Defense
• Military
• BFSIpublic utilities
• Healthcare
• Telecom
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