Global Cyber Security Market: Industry Analysis and Forecast (2021-2027)

Mayurikathade15 Nov, 2021Business

Global Cyber Security Market size was valued at US$ 198.63 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 9.7% through 2021 to 2027, reaching nearly US$ 379.74 Bn. Global Cyber Security Market Overview: The technique of securing key systems and sensitive data from digital threats is known as cybersecurity. Cybersecurity measures, also known as information technology (IT) security, are designed to prevent threats to networked systems and applications, whether they come from within or outside of a company. Phishing attacks are the most dangerous, damaging, and prevalent threat to small businesses. Phishing is responsible for 90% of all data breaches, has increased by 65% in the last year, and has cost businesses more than $12 billion. The protection of data employing cryptographic controls for Data at Rest and Data in Transit, an effective Access Control system and effective monitoring and reporting of data access are the most critical factors for data security.