Commercial Cyber Security Market Overview
Cyber security has become an integral part of IT infrastructure. Business entities and individuals need security for their products and networks. Individuals need security to maintain privacy while businesses need it to fulfil corporate governance obligations. The inputs from individuals and business entities enable government organizations to chalk out rules and regulations that would strengthen and upgrade cyber security deployments. With increased cyber-attacks in the public as well as commercial sectors, companies have started investing in the commercial cyber security solutions.
Industries such as aerospace & defence, retail, healthcare, public, and BFSI are heavily investing in the cyber security market. The lack of consistency in security measures is one of the main factors hindering the market growth. The rise in the cyber-attacks in industry verticals such as banking and healthcare is one of the key reasons for the growth of commercial cyber security market.
The rising dependence of consumers on internet based applications such as online billing and online banking are few factors driving the commercial cyber security market growth. Cyber security plays a major role in offering security solutions for the users of smartphones, laptops, and tabs who are frequently targeted by cyber-attacks.
Market Analysis
According to Infoholic Research, the Worldwide Commercial Cyber Security Market will grow at an estimated CAGR of 22.6% during the forecast period 2016–2022.
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The Cyber Security market is fuelled by the rising incidence of cybercrimes worldwide. The unprecedented rise in cybercrimes, ransomware epidemic, deployment of billions of IoT device with ins ..
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