Cyber Security Market 2021 Growth, Size, Share, Trends | Market registering a CAGR of 12.0% by 2027

Cyber Security Market

Cyber Security Market

The growing trend of digitization around the globe is expanding cyber security market size”

— Coherent Market Insights

NEW JERSEY, UNITED STATES, November 17, 2021 / — Description

The “”Global Cyber Security market Size, Status, and Forecast 2027″” study from CMI provides an overview of the global Cyber Security market. This section illuminates the primary impact-rendering factors and restrictions limiting expansion. It enables people to comprehend various flaws and how they may obstruct future growth. This section is one of the most important in the report since it explains how many macro and microeconomic factors affect growth. The research also discusses the role of several sectors in the expansion, including small-scale and large-scale operations. Furthermore, industry specialists have presented current trends and prospects that are expected to boost growth in the next years.

The global cyber security market was valued at US$ 1,02,859 million in 2019, witnessing a CAGR of 12.0% during the forecast period (2019-2027)

The growing use of cloud-based services for multiple workloads such as CRM, data backups, ERP, email services, and collaboration services is augmenting the growth of the cyber security market. Moreover, Cloud-based services are relatively less expensive and do not require IT infrastructure but are highly vulnerable which makes them easily accessible by illegal users. Thus this creating need for cybersecurity software. February 2017 for instance, IBM Corporation launched Watson for cybersecurity, which is augmented intelligence technology designed to enhance cognitive security at operation centers. The growing trend of digitization around the globe is encouraging enterprises to adopt cybersecurity facilities, thereby fostering the growth of the cyber security market.

Major Key players in this Market:

International Business Machine (IBM) Corporation, Dell EMC, Hewlett Packard Enterprise (HPE), Intel Corporation, Sophos, Symantec Corporation, McAfee, FireEye Incorporated, Cisco Systems, and Trend…