LONDON, July 2, 2015 /PRNewswire/ -- Over the last few
years, cyber security has become extremely vital for public as well
as private enterprises as cyber-attacks have become more organized
and sophisticated. In addition, the number of state sponsored
attacks across the globe has surged. The prime motives steering
cyber-attacks are monetary benefit and access to secret information
of an organization. Banking and financial services sector has been
the prime target of cyber criminals over the last five years,
followed by IT & telecom, defense and Oil & Gas sector.
Thus, companies and governments across the globe are increasing
their budget allocation towards cyber security. Countries such as
the US, the UK, Japan,
Singapore and South Korea have a dedicated cyber security
policy in place. Therefore, investments on cyber security by these
countries are expected to witness a rapid increase over the next
five years. In addition, venture capital investments, and mergers
and acquisitions in these countries, are also contributing
significantly towards industry growth and consolidation.
According to "Global Cyber Security Market Forecast &
Opportunities, 2020", global cyber security market is projected to
surpass USD123 billion by 2020.
Growing inclination towards cloud storage, introduction of public
clouds and growing emphasis on digitization are propelling the need
for cyber security across the globe. North America and Europe have been the leading revenue
contributors, capturing major shares in the market in 2014.
Moreover, Asia-Pacific is rapidly
emerging as a potential market for cyber security solution
providers, driven by emerging economies such as China, India
and South-East Asian countries, wherein, rising cyber espionage by
foreign countries is inducing the need for safeguarding cyber
space. "Global Cyber Security Market Forecast & Opportunities,
2020" discusses the following aspects of cyber security market
across the globe:
• Global Cyber Security Market Size, Share & Forecast
• Regional Market Analysis (North
America, Europe,
Asia-Pacific, Rest of the
World)
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
• To gain an in-depth understanding of cyber security market across
the globe
• To identify the on-going trends and anticipated growth in the
next five years
• To help industry consultants and cyber security product and
service providers to align their market-centric strategies
• To obtain research based business decisions and add weight to
presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra
charges and get the research data or trends added in the report as
per the buyer's specific needs
Report Methodology
The information contained in this report is based upon both primary
and secondary research. Primary research included interviews with
cyber security product and service providers. Secondary research
included an exhaustive search of relevant publications like company
annual reports, financial reports and proprietary databases.
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