Cyber Security Market Will Surpass US$ 205.8B by 2025

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(Newswire.net — June 2, 2017) New York, NY — The cost of cloud-based services is comparatively cheaper, as these services require a very minimum IT infrastructure setup. However, cloud deployment increases vulnerabilities in software and often makes it easy to access. Therefore, many companies are shifting towards the adoption of cyber security solutions to secure their workloads in the cloud. In addition, robust digitization across the globe continues to create the possibility of new cyber threats, hence, compelling enterprises to opt for cyber security solutions in order to tackle unethical hacking and malignant cybercrimes.

Enterprises are increasingly deploying cyber security products and solutions in order to protect confidential data from security impeachment. Today, cyber security has become an essential mechanism to block perilous cyber threats. In 2016, the global market for cyber security stood at US$ 76,400 million and projected to grow to US$ 205,810.4 million by 2025, reflecting a CAGR of 12% during the forecast period. The increasing application of cloud-based services in multiple workloads including data backups, Email services, and ERP, CRM, and collaboration services is expected to drive the growth of global cyber security market in 2017 and beyond.

The cyber security market in North America will retain its top spot over the assessment period. By 2025-end, the region’s cyber security market is expected to surpass a valuation of US$ 67,142 million. Meanwhile, adoption of cyber security technologies in Asia Pacific (APAC) remains strong, hence, the market in the region is anticipated to witness the highest growth rate during the forecast period. In terms of growth, cyber security market in the Middle East & Africa region is also expected to witness an impressive growth rate despite having a significantly smaller market size.

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The report also cites that the arrival of several cutting-edge security services for IoT coupled with the escalating demand for next generation security solutions is bringing lucrative business propositions for market players. IBM Corporation, Microsoft Corp., Lockheed Martin, Intel Corp., SecureWorks, Symantec Corporation, Verizon Communication Inc., Sophos, Check point software technologies, and Trend Micro rank amongst the top notch companies in the globe having expertise in cyber security solutions.

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About Persistence Market Research

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

Persistence Market Research

305 Broadway, 7th Floor
New York, NY 10007
United States
+1-646-568-7751
sales@persistencemarketresearch.com
http://www.persistencemarketresearch.com/