“According to Stratistics MRC, the Global Enterprise Cyber Security Market is accounted for $3.35 billion in 2017 and is expected to reach $17.65 billion by 2026 growing at a CAGR of 20.3% during the forecast period. Some of the key factors influencing the market growth include increasing adoption of cloud-based services and an increase in the frequency and sophistication of cyber threats. However, the high cost of implementation is restraining the market growth.
Cyber Security is the body of technologies, processes and practices designed to protect networks, computers, programs and data from major cyber threats, such as cyber terrorism, cyber warfare, and cyber espionage. In their most disruptive form, cyber threats take aim at secret, political, military, or infrastructural assets of a nation or its people. In a computing context, security includes both Cyber Security and physical security.
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Based on the application, BFSI has emerged as a potent sector due to increased cybercrime activities. The BFSI sector is among the backbone of economies and its safety is a matter of high concern. The BFSI industry is an early adopter of cutting-edge cybersecurity solutions due to the highly sensitive financial data. It faces different challenges related to stringent regulatory and security requirements, providing superior service to customers, and others. By Geography, North America is a region of innovative technology adopters and has a large presence of cybersecurity vendors who are contributing to the growth of the market. Especially the United States will play an important role which cannot be ignored. Any changes from the United States might affect the development trend of Enterprise Cyber Security.
Some of the key players in global Enterprise Cyber Security market are In ..
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