Malware Attacks Have Led To Augmented Revenue Generation of Cyber Security Market Outlook: Ken Research
Cyber security, also denoted to as IT security, emphasizes on protecting computers, programs, networks, and data from unlicensed or spontaneous admittance. It entails network security, application security, endpoint security, distinctiveness management, data security, cloud security, and infrastructure security. As cyber threats have augmented at an alarming rate, security solutions have been obtaining traction, around the globe. Solutions such as antivirus software and firewalls have increased in complexity and proven to be proficient at safeguarding threats and attacks, such as malware, Trojans, and phishing. The achievement of these solutions has led to speedy development of the cyber security industry, as implementing technical defenses has become a standard best preparation in every enterprise.
Cyber Security Industry Research Report of Ken Research predicts effective growth in adoption of cybersecurity solutions by SMEs and other enterprise sectors is expected to proper Vietnam cyber security market growth. New kinds of cyber threats such as Advanced Persistent Threats and IoT device attacks will motivate the cybersecurity organizations in the country to improve product abilities and develop technologically advanced and proficient products. The modernization of technology in industries such as Banking, Healthcare and E-Commerce will also propel increased implementation of information security solutions.
Furthermore, owing to the ongoing COVID-19 outbreak, regions across the world have accepted precautionary measures. While schools are being closed and societies are asked to stay at home, and several organizations are finding a manner to allow their employees to function from their homes. This has resulted in an augment in the adoption of video communication podiums. The fresh domain registration on these video communication podiums, comprising Zoom, has rapidly augmented in the past four months.
The Future Analysis Cyber Security Industry looks auspicious as certain major aspects like Increase in Mobile as well as Internet utilization and new development in end users and the several laws and directives which are introduced delivers the good growth opportunities.
The effective growth in malware and phishing threats amongst the enterprises and augment in adoption of IoT and BYOD trends amongst organizations are the foremost drivers for the cyber security market. In addition, growth in requirement for cloud-based cyber security solutions is also one of the foremost factors propelling the cyber security market growth. Moreover, augment in adoption of mobile device applications & podiums and transformation in traditional antivirus software industry are generating the lucrative opportunities for worldwide cyber security market. Constant requirement to conform to cyber security industry standards, regulations, and complexities of device security are some of the foremost factors boosting the cyber security market growth.
Not only has this, the North America registered the entire cyber security market share during 2019 and is projected to remain dominant throughout the forecast period, owing to growth in dependency on internet and social media podiums. Moreover, augment in utilization of cloud, mobile data, and digitization has also boosted the requirement for cyber security industry in the region. Furthermore, Asia-Pacific is projected to exhibit greatest growth rate throughout the review period. Therefore, in the near years, it is predicted that the market of cyber security will increase around the globe more significantly over the upcoming years.
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Ankur Gupta, Head Marketing & Communications
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