Cyber Security Market by 2019 June 2014 | Page 2

companies providing cyber security solutions in this market are Cisco, Symantec, and IBM, among others. http://www.micromarketmonitor.com/market/north-america-cyber-security6364811086.html Latin American Cyber Security Market Infrastructure development in Latin America is on the rise. However, along with this development comes emerging cyber security related threats. Also, there is increase in the spending and growth of the defense and security industries. After the challenges created due to the lack of resources and the inability to implement technological solutions are overcome, this market has great potential for growth. Latin America’s cyber security market is currently valued at $4.46 billion. It is expected to grow at a CAGR of 17.6%, and be worth $11.91 billion by the end of 2019. Key companies delivering cyber security solutions include Symantec, CSC, Cisco, and IBM. http://www.micromarketmonitor.com/market/latin-america-cyber-security2019134744.html European Cyber Security Market There has been much technological advancement in various European nations. This has led to wider adoption of innovations such as wireless communication, cloud computing, and so on. This has increased the demand for implementation of cyber security measures. Another factor is the European Union’s initiative to improve cyber security. In 2013, the valuation of the European cyber security market was $23.21 billion, and has been forecast to grow to $35.53 billion by 2019. The projection of annual growth rate in this market is projected to be 7.2%. Prominent companies that are responsible for providing cyber security solutions include Symantec, Cisco, IBM, and Northrop Grumman, among others. http://www.micromarketmonitor.com/market/western-europe-cyber-security4129808188.html Email: [email protected] Tel: +1-888-502-0539