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Global Cyber Security Market to Reach $120.1 Billion by 2017 at a 11.3% CAGR - New Report by MarketsandMarkets
Date:8/17/2013

(PRWEB) August 17, 2013

According to a new market research report “Cyber Security Market (Identity & Access Management (IAM), Risk & Compliance Management, Data Encryption, Data Leakage Prevention (DLP) Solution, Data Recovery Solutions, Unified Threat Management (UTM), Anti-Virus, IPS/IDS, Web Filtering, Fire-Wall, Vulnerability Management): Advanced Technologies, Geographical Analysis and Worldwide Market Forecasts (2012 – 2017)”, the Cyber security market is expected to reach $120.1 billion by 2017 at a CAGR of 11.3% from 2012 to 2017.

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Cyber security has rapidly evolved from a technical regulation stage to well-planned conception. Cyberspace today is powered by a gamut of devices, applications that have made it vulnerable to threats from all kinds of users or miscreants such as students, spies, hackers, propagandists, and terrorists. Cyberspace is being used for all kinds of activities be it to gather information, raise funds, communications, or public relations all of which have been digitized in the current globalized economy.

As a result, every kind of political and military conflict now has a cyber dimension, the size and outcome of which are complex to forecast, hence making battles fought in cyberspace as imperative as battles occurring on the ground. As hacking is booming and garnering ever-increasing media attention, attempts to target vital international defense installations can neither be ruled out nor mitigated suc
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