Cyber security activities comprise the use of various security measures such as technologies, online processes designed to safeguard network, devices, and the web data from all risks or the attacks or any of the unauthorized access. The cyber security features may further be described as the security features that are provided for the all the web & cloud-based application that adds as the key feature. Moreover, the cyber security market revenue growth further attributed to the benefits associated to overall requirement for the security cyberspaces, increased cyber-defense with a much faster response time over the national crisis. Some of these benefits of using cyber security features provide the automatic increase in value of service with over all end-users. Some of other the key drivers supporting cyber security market revenue include the requirement high security and data privacy, and rise in cyber threats. However, there are restraints related to market risk such as lack of awareness and availability of the pirated security software may impact the market.
There are some leading players providing the cyber security features include BAE Systems Plc, Microsoft Corporation, Oracle Corporation, Check Point Software Technologies Ltd., Cisco Systems Inc., FireEye Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, McAfee LLC, IBM Corporation, Intel Corporation, Symantec Corporation, and Trend Micro Inc. The profile of these companies is also available in our cyber security market research reports.
The market is likely to evolve as per the changing dynamics of cyber threat landscape. The fragmentation in the industry is anticipated to rise as per the development in technology, which in turn, enables other technology providers entering in the market. The companies have also aimed to offer many reliable, efficient and real-time solutions for different organizations. In addition, advancements in use of technologies, such as AI and machine learning, have further turned the demand against the cyber criminals.
The cyber security company’s aims to incorporate the use of Artificial Intelligence (AI) based machine driving concepts for their solutions in order to address the threats associated to remote network connected workplace, with a much faster threat detection, modification, and responsiveness capabilities. Moreover, the AI and machine learning-based cyber security solutions further transformed the amount of data from the past threat and identified the new threats in order to save the enterprise networks arising out from the infiltration attempts. The use of artificial intelligence and machine learning techniques are expected to play an integral role for identifying and safeguarding the advanced security threats.
Based on the component, cyber security market can further segment to solutions & services. The solutions segment further consist of identifying and accessing the management, risk & compliance management, disaster recovery, firewall, security information and event management and others. The services segment has been bifurcated into managed services and professional services. The emergence and the use of cyber security features are further expected to process the development of a robust security environment over public & private sector. These developments have further assisted organizations for predicting & mitigating the possible risks and threats associated to all business units. The future of cyber security Industry with continuous rise in adoption of cyber security solutions is expected to enhance the all security standards by accelerating the detection & mitigation of all cyber threats or crimes.
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Ankur Gupta, Head Marketing & Communications