Term cyber security refers to the process which is specially designed to protect and recover networks, programs, and devices from any type of cyber-attack. Cyberattacks are evolving harmful to consumers, organizations, and employees. y may be intended to destroy or access sensitive data from unauthorized access. y can destroy businesses, damage people’s personal or financial lives. All enterprises, from small to large size have confronted the issue of security since the dawn of cyber threats. But day-by-day, it has become a potent challenge as network infrastructure are undergoing complexity. Earlier, the servers tend to be set down in a climate-controlled data center in few racks, but the current scenario has turned 360 degrees with hybrid or multi-cloud scenario with applications, data and servers spread across a whole country or the world. At the same time, these disruptive technologies have made networks more volatile and dynamic. It has become crucial for the cybersecurity industry to evolve tools and adapt practices to address or eliminate security issues.

Keywords- cyber security market, cybersecurity market size, cybersecurity market forecast, cybersecurity market segments, global cybersecurity market, cyber security market trends, cyber security market analysis, cyber security market growth, cybersecurity market share, cybersecurity industry.

Introduction

In this digital world, many people use the Internet to sell or advertise products in several ways, communicate with their consumers and retailers, and make financial transactions. Because of this, cybercriminals and hackers use the internet as a tool to carry out cyber attacks.

Cyber security is a collection of strategies, controls, and techniques to reduce risk and protects your data assets. Cyber security intended to protect the computers, software programs, and networks from cyber attacks. Such cyber attacks are aimed at deleting, accessing, and altering sensitive information; extracting money from victims; or disturbing normal business operations.

Why cyber security?

Cyber security is the most important part of various organizations such as military, government, medical, and financial sectors collect and stores a large amount of data on their computers and other devices. This data may contain some sensitive information, whether it can be financial data, personal information, intellectual data, or any other data for which illegal exposure or access could have a negative effect.

A number of organizations share sensitive information across networks and other devices, and cyber security works like a firewall, which protects that data and the devices used to store or process it. Growing cyber attacks over organizations and companies, especially those which are tasked with protecting information relating to finance, national security, or healthcare records, must take steps to guard their sensitive data and personal information.

Types of Cybersecurity

• Information Security: It aims to protect your private data from unauthorized access. Example of information cybersecurity includes Cryptography and User Authentication.
• Network Security: Network security protects the integrity, safety, and usability of a network, data shared, and associated components over the network. Examples of network security comprise Antispyware programs, Firewall, and VPNs.
• Application Security: It protects software applications from malwares which occurs due to the defect in application development, design, installation, and upgrade phase.
• Operational security: It includes the decisions and processes for protecting and handling data assets.
• Disaster Recovery: The disaster recovery policy control how the industry restores its information and operation to get all the data return after the cyber-attack.
• End-user education: This addresses the most uncertain cyber security factor: People. Teaching users to remove suspicious mails, do not use unidentified USB drivers, and several other lessons is required for security purpose.

The global cyber security market size is anticipated to reach from xx US$ billion to xx US$ billion at a CAGR of xx% over the prediction period. The growing penetration of smartphones and several wireless devices, increasing cyber terrorism are the major factors boosting the growth of the cybersecurity market. This market is growing rapidly due to the growing need for cloud-based solutions in small and medium enterprises.

Rising adoption of mobile devices and the Internet in organizations such as healthcare, BFSI, retail, energy, government & utility are some other factors fuels the cyber security market. Cyber security services and products demand has increased at end-user industry comprising aerospace &defense, healthcare, financial service sector, telecommunication and others. Among these, the financial service sector held the largest cyber security market share.

The global cyber security market has been segmented into type, service, applications, and regions. Based on the type, the market categorized into application security, network security, cloud security, endpoint security, wireless security, and content security. By service, the market classified as risk management, consulting services, training services, and design services. By application, the market categorized into BFSI, military, healthcare, public utilities, and IT & telecom.

Prominent players in global cyber security market comprise Checkpoint Software Technologies Ltd, Centrify Corporation, Cisco Systems, EMC Corporation, FireEye, Dell EMC (RSA Security), HPE, INTEL SECURITY (U.S.), IBM Corporation, Kaspersky Labs India Private Limited, Sophos, RAPID7, INC. (U.S.), Symantec Corporation, Verizon Communications, Trend Micro, Palo Alto Networks, Juniper Networks, McAfee, Fortinet, Imperva, Hewlett Packard Enterprise (HPE), Cyber Ark Software, Ltd, Proofpoint, Inc. and AVG Technologies.