Cybersecurity Market Passes $51.89 Valuation

    Westford, USA, September 15, 2022 (GLOBE NEWSWIRE) – Cybersecurity market is gaining momentum as it has become an essential part of any business or organization’s data protection. Whether it’s to prevent unauthorized access to information, protect against cybercrime, or ensure the safety of employees and customers, strong cybersecurity is vital. According to the latest findings, cybercrime will cost more than 10.5 trillion dollars per year by 2025.

    Demand for quality cybersecurity products is on the rise, as businesses and governments in the global cybersecurity market increasingly seek to prevent cyberattacks. There are several factors driving this trend, including the urgency of data breaches, as well as heightened awareness of cyber threats. Additionally, businesses are also facing higher regulatory and compliance requirements when it comes to cybersecurity. As a result, many security vendors are seeing increased demand for their services, with companies like Dell and IBM reporting double-digit growth in net security revenue over the past year.

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    Considering the importance of cybersecurity, it’s no surprise that the demand for cybersecurity professionals is on the rise. According to the latest report from the US Bureau of Labor Statistics (BLS), employment of computer systems and communications analysts is expected to grow 12% between 2014-2024, faster than more than the average for all occupations. This growth of the cybersecurity market is partly due to the growing demand for cybersecurity solutions from businesses and organizations.

    SkyQuest has released a new report on the cybersecurity market. The report covers the current state of the market, including market size, growth drivers, and challenges. It also provides analysis of the main vendors in the market.

    SkyQuest survey shows that 43% of businesses are concerned about the potential threat of cyberattacks

    With online safety becoming one of the top concerns for Americans, networks and devices increasingly rely on security protocols like encryption and firewall protection. However, recent surveys of the cybersecurity market have shown that employees do not always use these measures to protect their data, information and systems. And while IT managers may be implementing strict security measures, they often lack an adequate understanding of their organization’s network situation and employee compliance with the guidelines.

    According to a Cybersecurity market survey conducted by SkyQuest, almost two-thirds of respondents (64%) say that security is one of their biggest challenges when it comes to data privacy. Additionally, 43% of businesses are concerned about potential cyberattacks that could cause data breaches and disrupt business operations. Nearly half (49%) of respondents said they were also concerned about potential insider threats. As networks become increasingly interconnected, companies must ensure their systems are interconnected and can provide robust and reliable data services to employees throughout the company.

    Here are some key findings in the global cybersecurity market:

    • Nearly half (48%) of respondents feel insecure about the cybersecurity of their organization’s network.
    • More than a third (37%) of respondents said that employees do not comply with company guidelines on network safety and security.
    • 84% of respondents use packet filtering or firewalls to protect their network from outside attacks; however, 27% admit that they do not check the activities of their respective employees.
    • In the future, many respondents plan to implement next-generation security technologies such as machine learning

    SkyQuest, a leading provider of market research reports, has published its latest survey on cybersecurity. The report provides an overview of the latest trends and developments in the cybersecurity market, and includes data on the key players in the market.

    The report shows that the cybersecurity market is growing at a rapid pace, with new players entering the market and existing players expanding their offerings. The report also highlights the importance of cybersecurity for businesses and organizations of all sizes, and offers recommendations on how to best protect your network based on survey results and developments. current market.

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    Key Threats in the Cybersecurity Market

    • Increased use of social engineering attacks: Social engineering attacks are becoming increasingly common, and they can be very effective when done properly. Social engineering attacks involve tricking someone into revealing confidential information or performing an unauthorized action.
    • Growing concern about bots: Cybersecurity experts are increasingly concerned about the growing number of bots on the internet, which could pose a major threat to organizations and citizens. Bots can be used to launch phishing attacks, gather intelligence, and perform other malicious activities.
    • More Trojan and ransomware attacks

    In recent years, we have seen an increase in trojan and ransomware attacks. This may be due to the fact that these types of attacks are very lucrative. Trojans and ransomware can ransom computer users, which can be quite lucrative for attackers.

    • Increase in cyber espionage

    Cyber ​​espionage has also increased in recent years. This is likely due to the growing focus on cybersecurity by businesses and governments in the global cybersecurity market. Cyber ​​espionage involves hackers stealing information from businesses or governments to gain an advantage over their competitors or enemies.

    • Growing concern about bots: Cybersecurity experts are increasingly concerned about the growing number of bots on the internet, which could pose a major threat to organizations and citizens. Bots can be used to launch phishing attacks, gather intelligence, and perform other malicious activities.
    • Hackers Targeting Industrial Control Systems (ICS): Hackers are increasingly targeting industrial control systems (ICS), which can have disastrous consequences if they are compromised. This threat is particularly acute because ICSs are often located in critical infrastructure locations.

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    Prominent players in the global cybersecurity market

    • Check Point Software Technologies Ltd. (Israel)
    • Cisco Systems, Inc. (USA)
    • FireEye, Inc. (USA)
    • Fortinet, Inc. (USA)
    • Juniper Networks, Inc. (USA)
    • Kaspersky Lab. (Russia)
    • McAfee, LLC (USA)
    • Palo Alto Networks, Inc. (USA)
    • (USA)
    • WatchGuard Technologies, Inc. (USA)

    Related Reports in SkyQuest’s Library:

    Global Cybersecurity Services Market

    Global Same Day Delivery Market

    Global 3D reconstruction technology market

    Global Cloud Computing Market

    Global Metaverse Market

    About us:

    SkyQuest Technology is a leading growth consulting firm providing market intelligence, commercialization and technology services. It has over 450 satisfied customers globally.


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