Dec 22, 2015 03:33 AM EST
The global cybersecurity market continues to grow in massive proportions, and is expected to go on an upward slope even further.
Forbes released the follow up of the October report of The Business of Cybersecurity: 2015 Market Size, Cyber Crime, Employment, and Industry Statistics. It shows that according to Gartner, Inc. the global spending on cyber security is expected to reach $75 billion this year up 4.7 percent from 2014. It will continue to grow for the next five years to $170 billion by 2020.
The global information security is projected to grow at a compound annual growth rate (CAGR) of 9.8 percent for the next five years until 2020.
PYMNTS reported that there are many factors that led to the skyrocketing of the cyber security industry. Some of these driving factors are high-profile data breaches, the initiatives from the government and law enforcement agencies, and increased legislation.
According to Gartner research analyst Elizabeth Kim, "Interest in security technologies is increasingly driven by elements of digital business, particularly cloud, mobile computing and now also the Internet of Things, as well as by the sophisticated and high-impact nature of advanced targeted attacks."
Meanwhile, The Intercept wrote that the final provision of the Cybersecurity Information Sharing Act (CISA) was passed Friday. It is a bill that helps companies share important information with the government to prevent cyber attacks.
Meanwhile, Forbes indicated that the major areas of growth are in security analytics SIEM, which is expected to grow by 10 percent. Another is the threat intelligence at more than 10 percent.
The mobile security is also a hot are for growth as it is expected to grow 18 percent. The clod security will increase the most at 50 percent.
The Allied Market Research (AMR) expects the global managed security services market to reach almost $30 billion in the next five years. It will also have a CAGR of 15.8 percent until 2020. Meanwhile, the global enterprise governance, risk and compliance (GRC) is projected to increase to $11.5 billion by 2019, up from 2014's $5.8 billion and will also have a CAGR of 14.6 percent from 2014 to 2019.
By examining key aspects such as security measures, customer service, user experience, transaction convenience, and potential for innovation, we strive to offer an in-depth perspective on this reputable trading platform.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.