Blog Post

29 June 2015

CYBER THREATS DRIVING A NEW GROWTH MARKET

The Cyber threat to companies large and small is driving the need for solutions to help companies identify, protect, and respond to cyber threats.  This growth market is expected to expand exponentially in the coming years due to the increase in network connection, processing, and high dependency on the Internet.   In a recent report by Market and Market, they state that “Cyber security is one of the alarming concerns in many critical domains such as aerospace, defense, and intelligence; Banking, Financial Services, and Insurance (BFSI), government, and manufacturing. Among the most important industries, aerospace and defense accounts for the largest market share during the forecast period owing to the increase in need to protect sensitive information regarding government, prime contractors, and suppliers. The concept of e-governance has led to major usage of web, thereby increasing threats of cyber-attacks on government agencies. Therefore, governments across the world are making stringent regulations and laws regarding data security. .. Increasing usage of mobile data for various purposes like social marketing, and mobile banking has made data more vulnerable to cyber threats.” For the full article: www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html