Cyber Security Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2025
“Increasing adoption of various cloud-based services such as authentication techniques, video management, biometric information storage, and big data computing by number of organizations are driving demand for the advanced cyber security systems�
The Global Cyber Security Market is subject to witness a substantial growth due to the increasing focus towards prevention of information in the wake of high profile data thefts and breaches. Adoption of the machine learning, artificial intelligence (AI) and various communication techniques such as instant messaging applications to provide protection against potential cyber-attacks and data breaches, are on the rise. These factors are responsible for the growth of the artificial intelligence-based cyber security market, in recent years. Globally, the cyber security market is predicted to grow at CAGR of 12.88% over the forecast period, providing numerous opportunities for market players to invest in research and development of the cyber security market. Additionally, increasing adoption of various cloud-based services such as authentication techniques, video management, biometric information storage, and big data computing by number of organizations are driving demand for the advanced cyber security systems. The highly advanced cyber security systems offer flexibility and scalability, which are vital in several industries and firms such as the financial industry that allows storing of critical information on the cloud storage securely. Growing focus towards adoption of the cloud-data security services to ensure security and protection from potential threats are expected to drive market growth, in recent years. Furthermore, rise in the adoption of cloud-based services by small and medium-sized enterprises is anticipated to drive the expansion of cyber security market over the forecast period. With recent technological advancement in the cloud technology, is leading to integration of various cloud-based application in number of business processes. Additionally, shifting trends towards adoption of latest technologies including cloud computing, and nextgeneration mobile computing for private enterprises are permanently changing the way an organization uses