• Thu. Jul 29th, 2021
Cyber-Security-Market

he cyber security market is observing a trend of the bring-your-own-device (BYOD) culture in organizations, as it is being linked with employee satisfaction and increased productivity. The increasing use of personal devices, such as laptops and personal digital assistants, is being encouraged by organizations to enhance productivity. However, their rising adoption is posing a major challenge as it is putting the corporate data at a high risk of cyber-attacks.

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This market research report provides a comprehensive overview of the cyber security market

  • Historical and the present size of the cyber security market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

This, in turn, is adding to the demand for cyber security products and services as the IT departments are not be able to evaluate each device individually. The major driving factor for the cyber security market is the increasing number of mobile devices. With technological advancements, mobile devices are now equipped with GPS navigation, email, and internet, which a personal computer has.

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Cyber Security Market Dynamics

Trends

4.3.1.1 Increasing preference for bring your own device (BYOD)

4.3.1.2 Rise in number of mergers & acquisitions in the market

Drivers

4.3.2.1 Increasing number of data breaches

4.3.2.2 Rising usage of mobile devices

4.3.2.3 Stringent government regulations for data privacy

4.3.2.4 Impact analysis of drivers on market forecast

Restraints

4.3.3.1 Lack of awareness for cyber security among SMEs

4.3.3.2 Restricted budget for cyber security

4.3.3.3 Impact analysis of restraints on market forecast

Opportunities

4.3.4.1 Increasing adoption of cyber security solutions by healthcare industry

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