Dublin, Jan. 28, 2019 (GLOBE NEWSWIRE) — The “Cyber Security – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
Global Cyber Security market accounted for $95.15 billion in 2017 and is expected to reach $365.26 billion by 2026 growing at a CAGR of 16.1% from 2017 to 2026.
Stringent compliance & regulatory requirements, rising demand for IT security budget, growing attractiveness of digitalization, increasing cyber attacks and growing awareness of the security risks are the factors fueling the market growth. However, lack of awareness regarding benefits of effective security solutions especially in Small and Medium Enterprises (SMEs) are restricting the growth of the market.
Cyber security is a body of technologies, processes and practices designed to protect networks, computers, programs and data from unauthorized access. Cyber security is basically computer security. There is a significant increase in the cyber security because cyber security solutions increase cyber speed and offers number of options to save data. Cyber security is coupled with information technology security, which focuses on protecting computers…
