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Rapid Digitization Pushing Up Demand for Cyber Security Solutions

The rising prevalence of data breaches is one of the major factors fueling the demand for cyber security solutions across the world. Data breaches are mainly caused because of weak passwords, improper configuration, complex access permissions, and malware attacks. Moreover, the rising focus of companies on shifting their complete databases to cloud networks is augmenting the occurrence rate of data breaches. 

This is making the adoption of cyber security solutions extremely necessary. These solutions help organizations prevent the unauthorized access to data and sensitive information, detect threats and vulnerabilities early, and detect and analyze cyber attacks in real-time. The surging usage of mobile phones is another important factor propelling the requirement for cyber security solutions across the globe. 


Mobile devices equipped with advanced capabilities and features allow users to access the internet, emails, global positioning system (GPS) navigation, and various other applications. However, several security measures such as software and firewall are not frequently updated on mobile devices, which makes these devices highly susceptible to cyberattacks. 


According to reports, 60% of the global population used smartphones in 2019 and this share is predicted to rise to nearly 80% by 2025. Furthermore, the rising incidence of attacks by mobile botnets is also fueling the requirement for cyber security solutions all over the world. This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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