Global cybersecurity market will reach USD 181.77 billion by 2021, growing at a CAGR of 9.5% from 2015 to 2021.
Cyber Security Market Zion Market Research has published a new report titled “Cyber Security Market (Network Security, Cloud Security, Wireless Security, and Others), By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global cyber security market was valued at USD 105.45 billion in 2015, is expected to reach USD 181.77 billion in 2021 and is anticipated to grow at a CAGR of 9.5% between 2016 and 2021. Internet security or cyber security is a branch of computer security specifically related to internet. Internet has given rise to new opportunities almost in every field such as business, sports, education or entertainment and many others. However, internet has its own drawbacks like cyber crime, where the computer used for various types of thefts and crime. Various types of cyber crimes include hacking, software piracy, denial of service attack, and cyber terrorism. Purpose of cyber security is to establish rules and measures to use against cyber crimes over the internet.
Cyber Security Market Cyber security referred to the processes and technologies designed to safeguard, computers and data from cyber crime. Governments, military, financial organizations, hospitals and several other industries gather and store or transmits large amount of confidential data on computers. In order to protect this information or data cyber security becomes essential. The cyber security market has shown exponential growth in past few years. The major driving factor for the global cyber security market is increasing stringency of government regulations and growing cyber threats. Demand for integrated cyber solutions is another key factor anticipated to drive the market growth in the years to come. Furthermore, rising severity of cyber-crimes, popularity of cloud security, rapid adoption of cloud computing, data center and wireless communication are expected to boost the cyber security market in the near future. However, lack of effective defense major is expected to hamper the market growth. Growing demand for cyber security products and services is expected to open up new growth opportunities in forecast period. Request Free Sample Research Report @ https://goo.gl/bMRm5z