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Cyber Security Market to Grow at CAGR 8.3% Till 2021 Says TechSci Research Report

Cyber Security Market to Grow at CAGR 8.3% Till 2021 Says TechSci Research Report

Cyber Security Market to Grow at CAGR 8.3% Till 2021 Says TechSci Research Report

Increasing cyber-attacks on the critical infrastructure has rendered worldwide security at risk. The prime motive behind these attacks is to gain access to financial information and retrieve sensitive information related to an organisations’ operational strategies, government defence moves, etc. Further, banking & financial institutions, stock exchanges are also becoming highly vulnerable to the cyber-attacks. According to Identity Theft Resource Center, in 2015, around 163 million records were exposed in a total of 781 breaches across the globe. Due to rising number of cyber-attacks, the government and private enterprises are propelled to heavily spend on the up gradation of their network security to avoid any data or network breach.

 

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