Cyber Security Market Drivers, Industry Survey and Business Development Analysis till 2025

Posted on 2020-04-06 by researchinsights in Technology // 0 Comments

06^th Apr 2020 – 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. The highly advanced cyber security systems offer flexibility and scalability, which are vital in several industries and firms such as the financial industry that allows storing of critical information on the cloud storage securely.

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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.

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a highest quality of safety for financial transactions.

Rise in the number of incidences related to data breaches and cyber-attacks are driving enterprises to adopt latest security solution to safeguard vital organizational information. Numerous governmental initiatives to promote adoption of cyber security are forcing small and medium-sized enterprises (SMEs) to embed advanced cyber security solutions in their business processes, as SMEs are more susceptible towards cyberattacks in comparison with large-scale organizations. Such factors are contributing to the high deployment rate of security solutions and services in the market, thus escalating growth of the cyber security market, in upcoming years.

Top Players Analysis covered in these report

Cisco
Oracle
Dell
Symantec
Huawei
Intel
Check Point
Trend Micro
IBM
HP
Microsoft
Juniper
EMC
Fortinet
Kaspersky
Quantum
Avast
Hillstone Networks
NSFOUS
ESET

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Market segment by Regions/Countries, this report covers

United States
EU
Japan
China
India
Southeast Asia

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