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Follow on Google News | Global Cyber Security Market to Surpass USD123 billion by 2020 Says TechSci ResearchGrowing state sponsored cyber-attacks coupled with growing cloud adoption to drive cyber security market through 2020
By: TechSci Research Global cyber security market is highly fragmented and competitive. Rising sophistication of cyber-attacks is propelling various enterprises and governments to increase their expenditure towards safeguarding their cyber space. Increasing investments in cyber security solutions is luring new players into the market. New startups are sprouting across the globe offering innovative solutions at lower prices, thus capturingrevenue share of major players. Citing competition from new players, leading companies are on an acquisition spree, acquiring small players in the market, to boost innovation and obtain synergic benefits. “Global cyber security market is dominated by North America, wherein, the US is the major contributor. Amid rising cyber-attacks on critical infrastructure of the country, the US government’s cyber security budget allocation has been continuously increasing for the last few years. Asia-Pacific is also rapidly emerging as a prominent market for cyber security product and service providers, due to rising concerns of governments toward safeguarding their respective cyber ecosystem.” said Mr. Karan Chechi, Research Director with TechSci Research (http://www.techsciresearch.com/ “Global Cyber Security Market Forecast & Opportunities, 2020” has evaluated the future growth potential of cyber security market across the globe, and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in global cyber security market. End
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