Cybersecurity refers to an array of technologies employed by firms and organizations for protecting devices, networks, and data from online attacks. The dependence on the internet and rise of Bring Your Own Device (BYOD) and online users has brought the need for toughened security measures to the forefront. The global Cybersecurity Market size is touted to reach USD 199.98 billion by 2025, according to the latest report by Market Research Future (MRFR). It is anticipated to exhibit 10.5% CAGR over the forecast period (2019-2025). The global cybersecurity market is expected to augment its size favorably due to a surge in online attacks across networks and applications across various end-use sectors. The use of internet of things (IoT), cloud computing, and proclivity towards digital devices can bode well for the market. Increasing cases of cyber espionage and security breaches as well as high volume of online transactions can influence the market growth.
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