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Cyber security market to reach USD 170 bln by 2020

Wednesday 26 August 2015 00:44 CET | News

The North American cyber-security market is forecasted to register a compound annual growth rate (CAGR) of 7.32% over the period of 2014–2019, MarketResearch.com reports.

With the news on the Ashley Madison and Established Men hack, companies are nervous about the potential dangers of cyber hackers. In reaction to this trend more and more tech companies are emerging to meet the demands for cyber security solutions that work to monitor, detect, report and counter cyber threats to maintain the confidentiality of IT systems.

The global cyber security market is expected to grow from USD 106.32 in 2015 to USD 170.21 billion by 2020. Out of all major technologies, antivirus and antimalware solution is expected to acquire the highest market share through 2020.


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Keywords: cyber-attacks, cyberfraud, web fraud, online security, internet users, cyber-security, online fraud, online crimes
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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