Dublin, May 11, 2020 (GLOBE NEWSWIRE) — The “Global Cyber Security Market Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global cyber security market is forecast to grow at a slower average rate of 6.2% per year to 2023 due to the economic consequences of the coronavirus pandemic in 2020.
The cybersecurity market grew strongly to 2019 due to strong underlying factors including the continued cyber threat and changing attitudes to risk driven by a combination of regulation and improved awareness. Additionally, the growing global economy provided the capital for organisations to invest in new digital processes and the security needed to improve resilience. These interrelated trends, coupled with the low level of security market saturation, sustained industry growth as enterprises invested in new tools and managed security services. The high growth rates are supported by the analysis of 46 cybersecurity technologies and disciplines, 39 of which are still at an early stage in their product lifecycle, characterised by high growth, low customer saturation and large supplier ecosystems. This has led to high levels of private investment in…
