The term commercial cyber
security refers to the notion of serving cyber security solutions to the
industry verticals that come under the commercial segment. The foremost
commercial verticals includes BFSI, retail, Public, IT and telecom, healthcare,
and aerospace and defense. The speedy acceptance of the digitization has made
these industry verticals to be a gorgeous target for an extensive assortment of
the cyber threats. With the significant increase in the urbanization the
cyber-attacks are growing day-by-day, cyber security has become the
indispensable part of the IT infrastructure. Not only has this, the governments
and foremost industry verticals are set to extensively invest in developed
solutions for the cyber security terrorizations and fissures in the commercial
industry verticals. Furthermore, many of the players in the market of
commercial cyber security are advancing the technologies of this for
safeguarding the association of commercial section and delivering better
consumer satisfaction which further benefitted for increasing the value of
market share and leading the fastest market growth during the forecasted period
more positively.
According to the report
analysis, ‘Worldwide
Commercial Cyber Security Market-Security Types (Network, Cloud,
Content, Wireless, Application, Endpoint), Solutions (Identity & Access
Management, Risk & Vulnerability Management, DDoS Mitigation, IDS/IPS,
Business Continuity & Disaster Recovery), Services (Consulting Service,
Managed Security Service, Integration Service), By End-users and By
Regions-Drivers, Opportunities, Trends, and Forecasts, 2016-2022’ states that
there are several key players which are presently functioning in this sector
more actively for registering the fastest market growth and dominating the high
value of market share in the coming years more significantly while increase the
accuracy of the data security and privacy application, respect of cyber security
regulations and standards and effective technological advancements at a
reasonable price includes Cisco Systems, Check Point Software Technology, McAfee,
Symantec, BAE Systems Intelligence & Security, Ixtel Technologies, Argus
Cyber Security,root9B Technologies, Nexusguard Limited, Cato Networks, PhishMeInc
and several others.
Additionally, the
significant increase in the number of internet users across the globe, growth
in the number of smart phones shipments around the world and growing
requirement for the acceptance of the cloud for data storage and handling are
the foremost factors for the growth of the market. However, The Worldwide
Commercial Cyber Security market is anticipated to reach USD 167.70 billion by
2022, increasing at a CAGR of 22.6% during the forecast period of 2016-2022.
Whereas, the raising awareness in people about cyber-crimes and government expenditure
on the cyber security solutions support the market to have an exponential
growth in the upcoming years. The BFSI industry endures to register the
commercial cyber security market mainly owing to the cyber attacks found in the
industry.
Although, the government
and associations are bearing in mind the digital technology as a new business
strategy for the revenue growth and to rise the footprints around the globe. Furthermore,
the investments from the government and key industry firms, growth
opportunities for the cloud and analytics market, effective increase in the
cyber crimes and several others are the some major market growth drivers.
Therefore, in the near future, it is anticipated that the market of commercial
cyber security will increase across the globe more positively over the recent
few years.
For more information on the research
report, refer to below link:
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Research
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