Global Cyber Security Market www.vynzresearch.com
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Industry Overview Cyber Security refers to the protection of systems connected to the internet such as data, software, and hardware from cyber-attacks. The global cyber security market is predicted to grow at 11.1% CAGR during the forecast period with the market size reaching USD 282.3 billion by 2024. Different solutions including firewall, encryption, identity and access management, security, and vulnerability management are majorly contributing to the cyber security market size. The market has witnessed significant demand for these solutions and services over the last few years due to the increasing internet penetration globally and the simultaneous increase in cyber-attacks. Explore Full Report Description at: https:// www.vynzresearch.com/ict-media/cyber-security-market
market segmentation  Among different types of security solutions (identity and access management, security and vulnerability management, risk and compliance management, encryption, firewall, unified threat management, web filtering, disaster recovery, distributed denial of services mitigation, antivirus or antimalware, data loss prevention, and intrusion detection systems), web filtering solution market is predicted to grow at the fastest CAGR during the forecast period. Among the different types of services (managed and professional), managed security services market size will witness the faster growth during the forecast period in the cyber security services market.
Geographic Overview  Geographically, North America is the largest cyber security market as the region is home to a large number of industry players and also spends a large amount of capital to tackle cyber threats. Asia-Pacific is observed to witness significant growth in the market during the forecast period. As the region comprises of a large population with internet access, the increasing penetration, and increasing awareness among masses and government bodies for tackling cyber threats and crimes.
Competition among key players  Market players in the cyber security industry are investing capital to develop technologically advanced systems for security and vulnerability management, risk and compliance management, and encryption among others. Hewlett Packard Enterprise, McAfee Inc., IBM Corporation, Symantec Corporation, Trend Micro, Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Cisco Systems, Inc., Fortinet, Inc., Sophos Ltd., FSecure, Kaspersky Lab, Webroot, Inc., and LogRhythm, Inc. are some of the key players offering solutions and services for cyber security.
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