Cyber Security Market to touch US$ 170 Billion by 2022
The cyber security market is anticipated to value US$ 172 Billion at a healthy CAGR of 10% during the forecast period.North America is a largest contributor to this market owing to adoption of cyber security in commercial industries and as well as on personal computing. North America is projected to maintain its peak position during the forecast period. Asia Pacific will show remarkable growth in the following period (2017 to 2024)
The scope of the report includes a detailed study of global and regional markets for various types of cyber security with the reasons given for variations in the growth of the industry in certain regions.
The cyber security market is segmented on the lines of itstype,solution, service and vertical analysis. The cyber security market is segmented on the lines of its type like network security, endpoint security, application security, content security, wireless security and cloud security. Under solution segmentation it covered into identity and access management (IAM), risk and compliance management, encryption, data loss prevention, unified threat management, firewall, antivirus and antimalware, IDS/IPS, SIEM, disaster recovery, DDOS mitigation and white listing.
Source: Market Watch