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Global Cyber Security Market, 2015 – 2021

Global cybersecurity market will reach USD 181.77 billion by 2021, growing at a CAGR of 9.5% from 2015 to 2021.

Global cybersecurity market will reach USD 181.77 billion by 2021, growing at a CAGR of 9.5% from 2015 to 2021.

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<strong>Cyber</strong> <strong>Security</strong> <strong>Market</strong><br />

<strong>Cyber</strong> security referred to the processes and technologies designed to safeguard, computers and<br />

data from cyber crime. Governments, military, financial organizations, hospitals and several<br />

other industries gather and store or transmits large amount of confidential data on computers.<br />

In order to protect this information or data cyber security becomes essential.<br />

The cyber security market has shown exponential growth in past few years. The major driving<br />

factor for the global cyber security market is increasing stringency of government regulations<br />

and growing cyber threats. Demand for integrated cyber solutions is another key factor<br />

anticipated to drive the market growth in the years to come. Furthermore, rising severity of<br />

cyber-crimes, popularity of cloud security, rapid adoption of cloud computing, data center and<br />

wireless communication are expected to boost the cyber security market in the near future.<br />

However, lack of effective defense major is expected to hamper the market growth. Growing<br />

demand for cyber security products and services is expected to open up new growth<br />

opportunities in forecast period.<br />

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