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Recent research: Global cyber security market is projected to reach USD 236.13 billion by 2022, at a CAGR of 17.67%

Recent research: Global cyber security market is projected to reach USD 236.13 billion by 2022, at a CAGR of 17.67%

The Global Cyber security market has been estimated at USD 88.25 billion in 2016 and is projected to reach USD 236.13 billion by 2022, at a CAGR of 17.67% from 2017 to 2022.

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Cyber security market is an amalgamation of various categories of technologies, and services, applied at various level to protect an organization and users personal and professional data from cyber threats. The dependence on information and communication technology is the prominent feature of todays modern and interconnected society and economy.

The government, public utilities, and enterprises are dependent on internet, wireless and cloud based services. With this dependency, the cyber-attacks have shown exponential increase in the past few years and have generated the need for unified cyber security solutions to support the enhanced enterprise mobility and strict data disclosure laws.

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The market for security portfolios such as data encryption, authentication, security and vulnerability management, DDOS mitigation along with various others witnessing high growth because of growth in implementation by various countries.

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The defense organizations such as Lockheed Martin and BAE Systems are introducing cyber security solutions which are specifically developed for the Defense sector. Due to which the defense organizations in the developed and developing regions are encouraged to adopt such specific solutions to provide better dedicated security for their information systems.

This is likely to increase the revenue generated, supporting the growth of the Global Defense Cyber Security market.

Drivers

One of the major drivers in the market is the increased threat of cyber-attacks. As critical data and information are stored in the defense information system, hackers try to retrieve these data.

Such threats increase the demand for defense cyber security solutions in countries, where dependency on advanced communication systems is high.

Challenges

Changing preferences of cyber security departments around the world is one of the major challenges faced by the Global Defense Cyber Security Markets.

Read more details of the report at: Global Defense Cyber Security Markets 2017-2022

What the report offers

  • Market Definition for the specified topic along with identification of key drivers and restraints for the market.
  • Market analysis for the Global Defense Cyber Security Markets, with region specific assessments and competition analysis on a global and regional scale.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
  • Identification and analysis of the Macro and Micro factors that affect the Global Defense Cyber Security Markets on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

 

 

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