Cyber Security Solutions Market Driven by Rising Online Threats
The new era of the Internet has witnessed a boom in the usage of ecommerce and other online banking-related applications. This has led to
a surge in thefts, online frauds and risks related to online banking. All
enterprises are excessively dependent on such data, software, hardware,
and networking resources. Hence it is extremely essential to protect
organizations from such threats, and prevent further e-damage. This
makes cyber security solutions necessary, and their demand in the near
future is also going to be high. Globally, this market is worth $86.12
billion, and is estimated to grow annually at a rate of 10.3%. The
industry leaders in this market are Cisco, IBM, Northrop Grumman,
CSC, and Symantec.
Browse through the market data tables, figures and detailed ToC on the
“Cyber Security Market”.
http://www.micromarketmonitor.com/market-report/cyber-security-reports7651948375.html
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North American Cyber Security Market
The North American market has the highest share in the cyber security
market as compared to other regions. This is due to the fact that there is
continuous high demand for security solutions in this region. The driving
force for this high demand is the sudden rise in threats in various sectors.
However, cheap and local cyber security solutions pose a grave challenge to
this market. The cyber security market in the North American region was
valued at $37.4 billion, and is estimated to reach $61.91 billion by the end of
2019. This market’s annual growth rate is projected to be 8.5%. The main
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