Cyber Security Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies - LionLowdown

The global cyber security market had a valuation of $119.9 billion in 2019 and is predicted to progress at a CAGR of 12.6% between 2020 and 2030. According to the estimates of the market research firm, P&S Intelligence, the market will generate a revenue of $433.6 billion by 2030. The main factors propelling the advancement of the market are the increasing smartphone penetration, the rising incidence of cyberattacks, soaring digitization, and the growing popularity of cloud computing around the world.

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The increasing occurrence of data breaches is a major factor driving the advancement of the market across the globe. Weak passwords, improper configuration, complex access permissions, and malware attacks are the prominent reasons behind the high incidence of data breaches. The increasing focus of businesses toward cloud computing and shifting their databases to cloud networks is pushing up the prevalence of data breaches.

The adoption of cyber security solutions enables the early detection of security threats. Additionally, it enables the prevention of unauthorized access to sensitive information and the detection and analysis of cyber threats in real time. Besides these factors, the increasing usage of mobile devices is also causing the expansion of the cyber security market. Mobile devices equipped with advanced features and capabilities are allowing people to access global positioning system (GPS) navigation, emails, and various other applications.Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=cyber-security-market
This market research report provides a comprehensive overview of the cyber security market

Future potential of the market t ..

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