Last updated on April 25, 2014 at 5:25 EDT

MarketsandMarkets: Global Cyber Security Market worth $120.1 Billion by 2017

June 28, 2012

DALLAS, June 28, 2012 /PRNewswire/ –

According to a new market research report “Cyber-Security Market – Global Forecast &
Trends (2012 – 2017) by Advanced Technologies, Geographical Analysis & Competitive
Landscape”, published by MarketsandMarkets (http://www.marketsandmarkets.com), the Cyber
security market is expected to reach $120.1 billion by 2017 at a CAGR of 11.3% from 2012
to 2017.

Browse More than 100 market tables and an in-depth TOC on “Cyber-Security Market -
Global Forecast & Trends (2012 -2017) by Advanced Technologies, Geographical Analysis &
Competitive Landscape’.
http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html Early
buyers will receive 10% customization on reports.

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 successfully without significant
cyber security measures.

Cyber security is an executive level about information security in the
electronic/digital era, and a recommended structure to address the threats and
vulnerabilities present at each of the layers that make up a communication infrastructure
and distinctive information. Cyber Security includes the development of security types,
services, and technology & solutions, which can also lead to offensive applications. These
applications are basically designed for defense & aerospace use, and are often also
referred to as cyber defense or cyber weapons. Cyber security is not only used in the IT
domain (primarily internet protocol or internet connected devices), but also industrial
equipment and telecoms equipment.

The global cyber security market
[http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html ] is
expected to grow from $63.7 billion in 2011 to $120.1 billion by 2017, at an estimated
CAGR of 11.3% from 2012 to 2017. Companies such as Cisco Systems, Inc. (U.S), Check Point
Software Technologies (Israel), Kaspersky Lab (Russia), Fortinet, Inc. (Netherlands), IBM
Corporation (U.S), CA Technologies (U.S.), and McAfee, Inc. (U.S.)., and Symantec
Corporation (U.S) are key market players.

The report provides in-depth analysis of various industry verticals such as BFSI
(banking & financial services institutions), public sector & utilities, manufacturing, it
& telecommunication, healthcare & life-sciences, retail & wholesale distribution, and
others. Also describe the emerging trends in cyber security across geographies.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and
custom research services. MarketsandMarkets covers thirteen industry verticals; including
advanced materials, automotives and transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial
automation, medical devices, pharmaceuticals, semiconductor and electronics, and
telecommunications and IT [
http://www.marketsandmarkets.com/telecom-and-IT-market-research-113.html ].

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SOURCE MarketsandMarkets

Source: PR Newswire