Global Cyber Security Market to grow at a CAGR of 12.13% during 2016-2020 due to rising vulnerable of cyber-attacks

Albany, NY, Feb 14, 2017: Cyber security solutions enable organizations by monitoring, detecting, reporting, and countering cyber threats to maintain data confidentiality. With an increase in Internet penetration in emerging countries, the adoption of cyber security solutions is expected to grow. Also, with the usage of wireless networks for mobile devices such as smartphones, tablets, and laptops, these IT systems have become vulnerable to cyber-attacks.

Further, with the adoption of cloud-based services and emergence of IoT, IT systems have become more vulnerable to cyber-attacks.

The global cyber security market to grow at a CAGR of 12.13% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global cyber security market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of cyber security solutions

The market is divided into the following segments based on geography:
- North America
- Europe
- APAC
- Latin America
- MEA

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Technavio's report, Global Cyber Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Booz Allen Hamilton
- Lockheed Martin
- McAfee
- Symantec
- Trend Micro

Other prominent vendors
- Boeing
- Brocade Communication
- Check Point Software Technologies
- Cisco
- CSC
- EMC
- F-Secure
- Fortinet
- General Dynamics
- HP
- IBM
- Kaspersky Lab
- Juniper Networks
- L-3 Communications
- Microsoft
- Northrop Grumman
- Raytheon
- Sophos.

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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