Page 152 - Cyber Defense eMagazine March 2024

service market is forecasted to rise at a compound annual growth rate (CAGR) of 5.6% through 2034,
according to FMI. Given their favorable financial situation, United States-based companies have made
large investments in advanced products and technology. As a result, companies operating here face
greater competition than those working elsewhere.

The country’s extremely advanced information technology infrastructure made the early adoption of
various network solutions possible. As per FMI’s technology specialist Sudip Saha, “Customers are
engaging with businesses across sectors progressively as a consequence of technical and automation
improvements. Information and communications technology investments in the United States are
projected to generate significant revenue.”

The National Science Foundation in the United States claims that a sizable portion of United States-
based companies are digitized. Furthermore, the market expansion is driven by local government efforts
that encourage businesses to use digital technology. To promote digital access and entrepreneurship,
for example, the State Department and USAID announced plans to expand digital literacy programs,
invest in the development of digital infrastructure, install the United States digital identity systems in
neighboring countries, and expand access to cloud and corporate information systems to support
business activity.

Can Connectivity and Security Coexist? Answer: Network Engineering!

The escalating rate of cyberattacks demands a proactive and fortified defense mechanism. The statistic
that a hacker strikes every 39 seconds on average in America underscores the urgency and significance
of prioritizing network security. Attackers employ modern technology to expand their reach of deception,
and society uses them to limit what they can get away with. Businesses and service providers are
concerned because these procedures and coordination efforts take time, and security flaws can be
exploited in the interim.

Cybersecurity is revolutionizing network engineering and playing a crucial role in opening up new
horizons for the network engineering market. Network engineering expertise is needed to protect against
cyberattacks, develop strong security measures, and safeguard personal data since it focuses on strong
security standards. For companies looking to prosper in a more digital and connected world, it goes
beyond just a technology requirement and becomes a strategic requirement.
In the face of a constant and changing cyber threat scenario, companies can shore up their defenses,
safeguard vital assets, and guarantee the confidence and privacy of their customers by investing in strong
network engineering standards. Through the implementation of sophisticated security protocols,
businesses can considerably mitigate the likelihood of becoming targets of malevolent cyber operations.

The Vibrant Shifts in the Network Engineering Market amidst the AI Era

Artificial Intelligence (AI) is revolutionizing numerous industries, and network engineering is no exception.
Artificial intelligence (AI) surge in 2017 has significantly opened doors for the network engineering market.

Cyber Defense eMagazine – March 2024 Edition 152
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