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Cyber Security Market is Growing at a CAGR of 11.3% and to Reach $120.1 Billion by 2017 - New Report by MarketsandMarkets
Date:5/4/2013

or mitigated successfully without significant cyber security measures.

Cyber security is an executive level about information security in the electronic/digital era, and a recommended structure to address the threats and vulnerabilities present at each of the layers that make up a communication infrastructure and distinctive information. Cyber Security includes the development of security types, services, and technology & solutions, which can also lead to offensive applications. These applications are basically designed for defense & aerospace use, and are often also referred to as cyber defense or cyber weapons. Cyber security is not only used in the IT domain (primarily internet protocol or internet connected devices), but also industrial equipment and telecoms equipment.

The global cyber security market is expected to grow from $63.7 billion in 2011 to $120.1 billion by 2017, at an estimated CAGR of 11.3% from 2012 to 2017. Companies such as Cisco Systems, Inc. (U.S.), Check Point Software Technologies (Israel), Kaspersky Lab (Russia), Fortinet, Inc. (U.S.), IBM Corporation (U.S), CA Technologies (U.S.), and McAfee, Inc. (U.S.)., and Symantec Corporation (U.S.) are key market players.

The report provides in-depth analysis of various industry verticals such as BFSI (banking & financial services institutions), public sector & utilities, manufacturing, it & telecommunication, healthcare & life-sciences, retail & wholesale distribution, and others. Also describe the emerging trends in cyber security across geographies.

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