- Cybersecurity Market Owing to Increasing Demand for Reducing Unauthorized Access of Information among the End-users
PUNE, India, April 16, 2020 /PRNewswire/ -- The evolution of computing technology over the last two decades has taken almost all industries on Earth by storm. Whether it is the manufacturing of a component or something as complex as aviation and astronomy, computer networks have made their presence felt in industries in one form of the other. Smart devices and the internet has brought countless user online. The zillions of bytes that are being generated are vulnerable to numerous forms of attacks by hackers with malicious intentions. Incidences such as identity theft have facilitated financial fraud. It is estimated that the industries across the globe lose close to US$40 billion each year as a result of cyber-attacks. Therefore, the protection of data and applications is atop the list of strategies of most businesses. In 2018 alone, around two million cyber attack cases were recorded around the globe. The increasing need to prevent losses as a result of cyber attacks is one of the major reasons for the growth of the global cybersecurity market.
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Presently, the Coronavirus pandemic has promoted the work-from-home culture. Due to this, companies are required to take added care to ensure that highly confidential applications remain safe from cyber attacks. Unlike the company's network that may have a fool-proof plan to protect unauthorized cyber encroachments, the network that is used by the employee may be vulnerable to cyber-attacks. The hackers will increasingly target these devices and networks to steal relevant data. Highly sophisticated decryption algorithms are being used to decipher the encrypted data. With the rising popularity of freelancing and the remote working culture, companies will need to bolster their cyber defences to ensure that the data isn't stolen. The arrival of self driving cars and the maturing of industrial IoT (IIoT) will demand even more sophisticated cyber defence systems. All these makes the global cybersecurity market an attractive investment area.
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The detailed research study provides qualitative and quantitative analysis of cybersecurity market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
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