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Cyber Security: An Ideal Solution to Prevent Cyber Crimes

Market Highlights

Cyber security is a set of techniques, which is used to protect the integrity of programs, networks, and data from damage, attack, and unauthorized access. In terms of computing, security consists of physical security and cyber security. Both of them are used by enterprises unauthorized access to computerized systems and data centers. Information security, specifically designed to maintain integrity, confidentiality, data availability is considered a subset of cyber security. With the rise of IoT, the industry is witnessing a significant shift of technologies, thereby creating demand for cyber security.

Why is Cyber Security Required?

The major functionality of cyber security involves protecting systems and information from major cyber threats like malware, application attacks, phishing, ransomware, and exploit kits. Some of the other common threats involve:

Cyber espionage: It can be defined as the practice of using IT to gather secret information without permission from its owners. This practice is used to gain economic, strategic, military, or political advantage, and is generally conducted by using malware and cracking techniques.

Cyberterrorism: Cyberterrorism can be referred to as the disruptive use of IT by terrorists to further their political or ideological agenda. This further takes the form of attacks on computer systems, networks, or telecommunication infrastructures.

Cyberwarfare: This involves nation-states using IT to penetrate networks of other nations to cause disruption. Cyberwarfare is acknowledged as the fifth domain of warfare in the U.S. These attacks are generally executed by the hackers who are trained in exploiting intricacies of computer networks. Cyberwarfare attack might intrude into networks which consist of valuable data, interrupt commerce, degrade communications, and impair infrastructural services like medical and transportation.

What are the Types of Cyber Security Threats?

The process of keeping up with security trends, latest technologies, and threat intelligence is a challenging task. Thus, it is a prerequisite to protect assets and information from cyber threats. Some of them include:

  • Malware: Malware can be defined as any program or file which can be used to harm a computer system, like computer viruses, worms, spyware, and Trojan horses.
  • Ransomware: It is a kind of malware in which an attacker can lock the victim’s system files through encryption, and later demand a payment to unlock them.
  • Phishing: It is a type of fraud, in which fraudulent emails are sent, resembling emails from reputable sources. The emails are sent to steal sensitive data like login information or credit card details.
  • Social engineering: Can be termed as an attack which relies on human interaction, and can trick the users into breaking security procedures to fetch sensitive information that is protected.

How can a Business Benefit from Cyber Security Solution?

  • Optimum Protection: Cyber Security solutions offer comprehensive digital protection to a business. It enables the employees to browse the internet, ensuring that they are not at risk from potential threats.
  • Protection of Personal Information: Personal information is considered as one of the most valuable commodities in the digital era. Once a virus can fetch information regarding customers or employees, they are capable of using it to steal money or selling the information.
  • Prevention of Adware: Adware can be defined as a type of computer virus which fills a system with advertisements. These advertisements can impact productivity and allow other viruses to enter the system, once clicked.
  • Prevents Spyware: A type of cyber infection, spyware is designed to spy on computer actions and relay the information to the cyber-criminal. Cyber security solution can prevent the spyware from taking actions and ensure that employee’s actions remain confidential within the workspace.

With the use of cyber security, cyber attacks and data breaches can be prevented, thereby identify theft and aid in risk management. With higher customer expectations, innovations in technology, and the emergence of smart cities, cyber security is likely to gain huge prominence worldwide.

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Segmentation:

The global cybersecurity market has been segmented based on component, organization size, deployment, security type, vertical, and region/country.

Based on the component, the global cybersecurity market has been divided into solutions and services. The solutions segment has been categorized as risk and compliance management, identity and access management, unified threat management, disaster recovery, firewall, web filtering, antivirus, data loss prevention, security information and event management and others. The services segment has been divided into managed services and professional services. The professional service is further classified as consulting, training & education, support & maintenance, and design & integration.

On the basis of security type, the global cybersecurity market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. North America accounted for the most significant market share, as the number of cyber-attacks is increasingly growing due to the businesses deploying cybersecurity solutions for security purposes. The US leads the North American market, as it is the most technologically developed region, and also has a strong cloud technology adoption.

Due to the rising need to combat cyber attacks, Asia-Pacific is projected to be the fastest-growing market during the review period. In addition, the businesses are increasingly adopting these technologies across all verticals to protect their network and data.

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Cybersecurity Market: By Form Factor (Rack & tower servers, Blade servers), Business Type (Data centers and Enterprise customers), and Processor (X 86 servers, Non-X86 servers), Operating System (Linux and Others) – Global Forecast till 2023

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