What is Cyber Security?
Unsurprisingly, the Cyber Security is wide term. However as briefly explained by Cisco, Cyber security is the practice of safeguarding the systems, networks, and programs from the digital threats. These cyber attacks are frequently aimed at accessing, changing, or destroying the personal as well as sensitive information; extorting money from users; or interposing normal business processes.
Why cyber security is important?
Fundamentally, our society is more technologically dependent than ever before. The fact of the matter is whether you are an entity, small or medium business or multinational, you rely on the computer systems every day. Pair this with the effective growth in the cloud services, poor cloud service security, Smartphone’s and the Internet of Things (IoT) and we have an innumerable of cyber security threats that didn’t exist a few decades ago. These terrorisations evolve every day & attackers become more ingenious, it is critical to properly define cyber security and identify what constitutes good cyber security.
Additionally, in current scenario cyber security now dominates the priorities of every organization as each adapts to a post-COVID 19 world. In a post-COVID-19 world, cyber security is as critical as Internet access itself.
‘Based on the ‘Global Cyber Security Market Size study, by Type of Security (Network Security, Cloud Security, Application Security, End-Point Security, Wireless Network Security, Others), by Solution (Threat Intelligence and Response, Identify and Access Management, Data Loss Prevention, Threat Mitigation, Intrusion Prevention System, Unified Threat Management, Others), by Deployment (On-cloud, On-premises), by Industry (Aerospace, Defense and Intelligence, Banking, Financial Services and Insurance, Manufacturing, Retail, Public Utility, IT and Telecommunication, Others) and Regional Forecasts 2018-2025’ states that in the worldwide cyber security market there are numerous entities which presently functioning more significantly for leading the fastest market growth and registering the greatest value of market share such as AVG Technologies, Cisco Systems, Inc., Dell Technologies, Inc., Fireeye Inc., Fortinet, IBM Corporation, Imperva, Intel Security, Symantec Corporation and numerous others.
The implementation of the cyber security solutions is predicted to augment with the growing penetration of internet amongst the underdeveloped and developed countries. Also, the intensifying wireless network for mobile devices has augmented data vulnerability creating the cyber security an integral part of every individual organization around the globe. The effective growth in the Frequency & Sophistication of Cyber Threats, outpouring of the disruptive digital technologies which comprises the IOT around the industry verticals, augmentation in the quantity of supply chain based attacks and restrict data protection regulations are the extensive drivers of the market around the globe. Not only has this, the significant growth in the e-commerce dissemination, which is anticipated to generating the numerous opportunities in the coming future.
Why Cyber Security has promising Market?
1) Augmented threats of cyber attacks
Malicious cyber activity is on the rise, as criminals utilize more sophisticated strategies to infiltrate systems and networks and technologies. One can take it as by-product of over dependency of humans over technology.
2) Mounting consciousness
Cases of malevolent and harmful cyber activity and media coverage of data breaches have made business entities and numerous other organisations progressively aware of the perils cyber attacks to their businesses.
3) Government Regulations
Governments internationally are increasingly concerned that cyber attacks could hit crucial economic segments. Many are issuing new laws to safeguard organisations bolster their cyber security controls. The predicted growth in the cyber-related regulation is likely to promote the organisations to augment their security spending.
4) Diverse and sophisticated market
Cyber security is no longer just firewalls and off-the-shelf virus software. In recent years, it has evolved significantly to encompass a sophisticated range of products and services, as well as activities within organisations to build and operate their cyber security system. Cyber security today is best defined and understood as the collection of tools, technologies, processes and practices that can be used to protect networks, computers and data from unauthorised access or attack. This broad definition, based on the definition used by the International Telecommunications Union, captures the multidisciplinary nature of cyber security practice today.
Cyber security is one of the promising future proof business and has tremendously big market around the globe due dependency over technologies specifically cloud services. Cherry on the cake for this market is Covid-19 pandemic where currently major businesses are working remotely and also many giant businesses are planning to continue this trend which can play important role in productivity and cost reduction measures. This will inflate this market specifically post Covid-19 era.
For More Information, click on the link below:-
Vietnam Cyber Security Industry Outlook to 2023 – By Solutions (Firewall & UTM, Intrusion Detection System, Antivirus and Others), By End Users (Banking & Finance, Government, IT & Telecom, Retail and Others), By Import and Domestic Security Solutions, By Security (Network Security, Application Security, End-Point Security, Mobile & Wireless Security, Content Security and Cloud Security).
Middle East Cyber Security Market Outlook to 2022 – By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region
Ankur Gupta, Head Marketing & Communications