Cyber security is associated to information technology security that focuses on protecting computers programs, networks and data from unauthorized access. With the tremendous growth in the number of cyber-attacks and the intensity attacks, it has become mandatory for organizations to have adequate protection from such threats. Cyber-security is the modern day term used for protection against cyber espionages. Huge confidential data requires adequate level of security so that it doesn’t get hacked or controlled by someone or else the data gets corrupted. Government, military, public data, Banking Financial Service and Insurance and hospitals are the verticals which produce huge amount of confidential data and transfer this data across networks.
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Huge and confidential data requires highest level of protection. Currently Big Data, predictive analysis trending in various industries; data generation, storage and transfer have undoubtedly became the word of businesses today. These technology trends are here to stay in the coming years and thus have become the primary drivers for the growth of this market. Additionally, Government regulation on data privacy and growing number of cyber threats are the revenue generators for the Cyber Security market. Also, rise in the usage of mobile devices, cloud and digitization have contributed on cyber security awareness. Furthermore, the rising scope of BYOD in companies is also driving this market.
The growth of the cyber security considering the advantages it offers hasn’t been so smooth and has faced with certain restraining factors. The primary restraint to the growth of this market is the lack of awareness about cyber security. The other factor that limits the growth to this market is the availability of pirated security software and lack of talented security professionals in organizations. Ban on...