The Global Cyber Security Market was valued at USD 155.23 billion in 2019 which is expected to reach USD 251.23billion by 2030 at a CAGR 10.5%. Cyber security is the technology that protects software and systems from cybercrimes such as phishing, spoofing, tamper, and eavesdropping. Cyber security is used for safeguarding computers, networks, data, and programs from unlicensed or spontaneous access.
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Top Key Players/Manufacturers of Global Cyber Security Market:
● IBM Corporation, F-Secure, Fortinet, Forcepoint, FireEye, F5 Networks, CyberArk, Cisco Systems, Check Point Software Technologies, and Aws.
Global Cyber Security Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers Global Cyber Security Global Cyber Security Market is primarily split into:
- Increase in demand for cloud based cyber security solutions is the key driving factor which is expected to boost the global cyber security market growth. Also, increase in demand for cyber security solutions in various sectors such as aerospace & defense, Public sector, BFSI, healthcare, retail, energy and utilities, manufacturing, and others will have the positive impact on global cyber security market growth. Furthermore, increase in amount of E-Commerce platform and advent of disruptive technologies which is expected to fuel the global cyber security market growth. Moreover, rise in government initiatives and investments will fuel the growth of cyber security market during this forecast period.
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