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Astonishing Growth in Cyber Security Market is Estimated to Grow at a CAGR of 13.5% over the forecast years (2019 – 2027)

With Cyber-attacks Gaining Traction as Fastest Growing Type of Crime Across the Globe, Says Absolute Markets Insights

Cyber Security Market is witnessing huge growth of 13.5% CAGR by forecast period from 2019 to 2027.

The global cyber security market is swiftly growing as it is becoming increasingly difficult to keep pace with the rising malware attacks and cybercrimes on banking and financial institutions, healthcare organizations and government bodies, amongst several other industries across the world. Revolutionary technologies such as machine learning and big data have offered new capabilities and ease of working in the recent past. However, these technologies are also increasingly causing several industries to become more vulnerable to exploitation and cyber-attacks.

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The widespread adoption of information technology has compelled industries to increasingly rely on digitized information. Sharing a vast amount of data in external and internal environments as well across the globe have made organizations prey to cybercrimes through different forms of cyber-attack. Cyber-attacks largely result in loss of competitive advantage and cause steep financial damage to organizations.

It is estimated that over the next five years, cybercrime could potentially cost companies US$ 5.2 trillion every year. In the wake of security breaches and high-profile data theft, it is becoming vital for organizations to determine future threats and accordingly redesign their security posture. Cyber security is therefore becoming imperative owing to the increased focus on preventing cybercrime activities which can potentially hamper the momentum and operations of a business. This upward surge in demand for cyber security solutions by organizations across industries is expected to act as a major driver for the cyber security market.

“Payment fraud is growing online and studies claim that data breaches resulting in the theft of sensitive personal information are to blame. Cybercriminals are increasingly using the credentials obtained from these breaches to create new synthetic identities in order to perform cyber-attacks. Measures taken by enterprises to combat such identity theft is propelling the growth of the cyber security market.”

This research study aims at providing the reader with quantitative and qualitative analysis of the global cyber security market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The supply side analysis covers the prominent players and their regional and global presence and key business strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

The primary market participants in cyber security market include Accenture, Alert Logic, Inc., Armor Defense Inc., AT&T, Atos SE, Barracuda Networks, Inc., Booz Allen Hamilton Inc., Capgemini, CenturyLink, DXC Technology Company, GeekTek IT Services Inc., HCL Technologies Limited, IBM Corp., Kraft Technology Group LLC, LAN Infotech, Online Business Systems, Optiv Security Inc., Orange Business Services, SecureWorks, Inc., Sequoia Cyber Solutions, Symantec Corporation, Tata Consultancy Services Limited, TechWerxe, Trustwave Holdings, Inc., Verizon and Wipro Limited amongst several others.

Elitecyber Group
EliteCyber est un service recrutement Cybersécurité personnalisé et adapté à vos besoins Pourquoi nos clients font appel à nos services d’expertise recrutement Cybersécurité : Vous avez des difficultés à sourcer et identifier des candidats sur un marché niche Vous avez des difficultés à attirer et retenir les talents par manque d’informations sur le marché (pratiques, tendances, salaires, concurrence) Vous avez une marque employeur mal identifiée et vous manquez de notoriété sur le marché Cybersécurite Vous avez la volonté de sensibiliser vos équipes de recruteurs internes aux meilleures pratiques en matière de recrutement cybersécurité Vous planifiez un recrutement stratégique (CISO, RSSI, Directeur Sécurité) et vous avez besoin d’une confiance totale dans l’approche de ces profils Vous avez pour projet de créer un pôle ou monter toute une équipe Cybersécurité et vous avez un besoin recrutement volumique Nous avons plus de 20 ans d’expérience et sommes à la pointe du recrutement de professionnels de la cybersécurité en Europe. Nous sommes maintenant établis en tant qu'agence de recrutement de premier plan en cybersécurité en Europe. Nos équipes de recrutement sont en contact quotidien avec leur réseau de candidats, développant et entretenant des relations solides basées sur la confiance et la transparence. En tant qu'acteur puissant sur le marché, EliteCyber ​​est présent sur différents événements spécialisés tels que : FIC, forum de recrutement pour la cybersécurité, ICICS et Cyberdays. Nous sommes reconnus dans ce secteur pour le niveau exceptionnel de service que nous apportons aux clients tout au long du processus de recrutement et de l’intégration de nos candidats chez nos clients.

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