Page 34 - Cyber Defense Magazine for August 2020

Cyber Security Market to Reach USD 400 Billion by 2026

Cyber security market will be driven by rising demand for cyber protection as well as advanced network
infrastructure security across enterprises.

By Saloni Walimbe, Content Writer at Global Market Insights, Inc.

According to Global Market Insights, Cyber Security Market is expected to exceed USD 400 billion by
2026. The rising demand for cyber protection as well as advanced network infrastructure security across
enterprises is set to drive cyber security market in the forthcoming timeframe.

Furthermore, rising internet penetration and technological advancement are leading the enterprises to
move to cloud-based business models. The established enterprises are investing majorly in cyber
security solutions since widespread digitization throughout enterprises is prone to information breach and
cyber threats.

The organizations are also establishing infrastructure and network security solutions which includes
internet protocols and firewalls. This further allows them to prevent possible monetary as well as non-
monetary losses like data storage devices and interconnected servers.

The demand for products related to infrastructure protection is anticipated to grow substantially through
2020-2026. Several organizations are adopting the BYOD work practice at a larger level in order to boost
the business productivity and to provide flexibility to the employees. They are also adopting endpoint
protection in order to stop any unauthenticated access and vulnerabilities to enterprise data resources
by mobile devices. Subsequently, owing to huge penetration of cloud services, enterprises are further
adopting cloud security solutions.

Cyber Defense eMagazine – August 2020 Edition 34
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