Straits Research published a report based on the Cyber Security industry. The key objective of this report is to highlight various trends and dynamics, new and innovative technology and mergers and acquisitions that are expected to make a positive impact on the overall industry. Then, the report provides a comprehensive analysis of the Cyber Security industry and has shared complete information about its various features.
While studying the worldwide markets for Cyber Security industry, The report also provides details analysis of the market drivers, trends and restraints to showcase the current and future market scenario. Straits Research has ensured to provide a full- proof report that consists of the market strategies based on advanced technologies, applications, and different regions in the globe. The markets are expected to show significant growth during the forecasted period due to increasing demand for the Cyber Security.
Cybersecurity refers to the protection of networks, devices, programs and data from attack or unauthorized access. Organizations transmit sensitive data across multiple networks and devices during business process. This leads to the need for cybersecurity in organizations for secured data transfer which impels the market growth.
Cybercrime activities are increasing due to connectivity through the cloud, Big data, mobile services and social media. For instance, according to Symantec internet security threat report, number of mobile malware variants increased by 54% in 2017 with an average of 24,000 malicious mobile applications being blocked each day.
Also, third-party data storage and cloud-based services are making systems vulnerable for cyber-attacks which are driving demand for the cybersecurity market. Increasing use of IoT devices is also further increasing the demand for the market.
Some of the major players in cyber security market are Cisco Systems, Inc. (U.S.), Symantec Corporation (U.S.), International Business Machines Corporation (U.S.), Amazon Web Services, Inc. (U.S), McAfee, LLC (U.S), Microsoft (U.S.), Check Point Software Technologies Ltd. (Israel), FireEye, Inc. (U.S).
This report includes the profiles of key vendors in the Cyber Security market and the strategies adopted by them to sustain in the competition. recent developments and limitations of the market are expected to help new players to design their strategies in an effective manner. The study is expected to help key players to formulate and develop new strategies.
These market estimates have been examined by considering the impact of various political, social, financial, innovative, and legal factors alongside the present market dynamics influencing market development. Elements including the market status, contributions, and R&D initiatives are ascribed to the organization’s capabilities. This segment likewise identifies and includes the different ongoing developments undertaken by the key participants.
The geographical analysis of the Global Market segments the worldwide market into key areas that include the continents as well as specific nations that are as of now growing in terms of their demand, volume or overall growth. Users of the report can center around these areas on the off chance that they are looking to expand their business outskirts.