The post Cybersecurity Market to Surge US$266 Billion by 2027 appeared on BitcoinEthereumNews.com.

The cybersecurity market is predicted to grow at a rapid rate and reach US$266 billion by 2027. The technique of defending networks, devices, systems, and data from cyberattacks, including ransomware, phishing, hacking, and denial-of-service, is called cybersecurity. Because cybersecurity solutions may help avoid data breaches, identity theft, financial losses, and reputational harm, IT security is crucial for people, companies, and governments. Digital change, resilience, and innovation may all be facilitated by cybersecurity. The following are some elements propelling the growth of the cybersecurity market: The rise in target-based cyberattacks that interfere with daily operations, such as ransomware attacks on businesses, schools, and hospitals. The use of Cybersecurity Mesh Architecture (CSMA) techniques, which streamline and protect complex and dispersed IT infrastructure, including cloud, edge, and Internet of Things devices. The growing need for boards with a cyber-awareness that can supervise and manage cybersecurity policies and procedures, as well as comprehend the strategic and operational consequences of cybersecurity. Cybersecurity Market’s Opportunities and Challenges: The lack of qualified cybersecurity specialists, hinders enterprises’ capacity to administer and deploy efficient cybersecurity services and solutions. The constantly changing regulatory and legal landscape, necessitates that organizations adhere to several standards and frameworks, including GDPR, HIPAA, PCI DSS, and NIST, to ensure the privacy and security of data and users. The emergence of new technologies and trends, such as 5G, artificial intelligence, blockchain, and quantum computing, which create new vulnerabilities and threats, as well as new opportunities and solutions for cybersecurity. Top Companies in Cybersecurity: AWS, which provides cloud-based cybersecurity services and solutions including AWS Security Hub, AWS Shield, AWS WAF, and AWS IAM. Microsoft, which provides on-premises and cloud-based cybersecurity services and solutions like Microsoft Defender, Microsoft 365 Security, Microsoft Azure Security Center, and Microsoft Sentinel. IBM, which provides on-premises and cloud-based cybersecurity products and services. Some…

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Filed under: News - @ December 31, 2023 1:04 am