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2018 Press Releases

January 05, 2018

Cyber Security Market Segments Will Hit $180.77 Bn in 2021

Internet security or cyber security is a branch of computer security specifically related to internet. The Internet has given rise to new opportunities almost in every field such as business, sports, education or entertainment and many others. However, the 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. The purpose of cyber security is to establish rules and measures to use against cyber crimes over the internet.
 
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 transmit a 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 the 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, the 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 the forecast period.