DUBLIN--(BUSINESS WIRE)--The "Global Cyber Security Market (By Products Segment, Services Segment, Industry Verticals, Geography, Deployment Mode, Organization Size), Impact of COVID-19, Recent Developments & Major Deals - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global cyber security market is projected to exceed US$ 330 Billion by 2027. Cybersecurity is becoming a strategic imperative for organizations owing to increased focus on protecting information in the wake of high-profile data thefts and breaches. Worldwide spending on cybersecurity is increasing as it is becoming difficult to keep pace with the rise in cybercrimes and malware attacks on governments, BFSI and healthcare organizations. The adoption of cybersecurity solutions is expected to grow with the increasing penetration of the internet among developing and developed countries. Also, the expanding wireless network for mobile devices has increased data vulnerability making cybersecurity an integral part of every organization across the world.
Impact of COVID-19 on Global Cyber Security Market.
The COVID-19 pandemic has created new challenges for businesses as they adapt to an operating model in which working from home has become the 'new normal'. Companies are accelerating their digital transformation, and cybersecurity is now a major concern. Amidst the COVID-19 pandemic, various governments and regulatory authorities mandate both public and private organizations to embrace new practices for working remotely and maintaining social distancing. In the wake of the COVID-19 pandemic, several incidences and cases of cybercrimes were observed across various sectors. Between 9th March 2020 and 6th April 2020, hackers registered over 300,000 websites that used coronavirus-related keywords to lure victims. Moreover, the year 2020 saw an increase in U.S. healthcare data breaches of 25% over 2019. This upsurge in sophisticated cyberattacks has encouraged organizations to adopt solutions and configure malware protection, detection, and mitigation strategies, thereby fueling the market growth.
The report provides a comprehensive assessment of the fast-evolving, high-growth Cyber Security Market.
This report has been analyzed from 10 viewpoints:
- Global Cyber Security Market & Forecast (2015 - 2027)
- Global Cyber Security Market Share & Forecast (2015 - 2027)
- By Products Segment - Global Cyber Security Market & Forecast (2015 - 2027)
- By Services Segment - Global Cyber Security Market & Forecast (2015 - 2027)
- By Industry Verticals - Global Cyber Security Market & Forecast (2015 - 2027)
- By Geography - Global Cyber Security Market & Forecast (2015 - 2027)
- By Deployment Mode - Global Cyber Security Market & Forecast (2015 - 2027)
- By Organization Size - Global Cyber Security Market & Forecast (2015 - 2027)
- Global Cyber Security Market - Recent Developments & Major Deals
- Global Cyber Security Market - Growth Drivers and Challenges
For more information about this report visit https://www.researchandmarkets.com/r/smozhb
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