Because the Internet has come into vast business and personal use, it is a good and, nowadays, natural investment for all types of businesses. Meanwhile, fighting against cyber fraud can be difficult as those who commit it put as much effort as those who try to fight it. Cybersecurity is a fast-growing industry commanding substantial capitalization and innovation.
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| Image source: krazytech.com |
Market Growth
Cybersecurity is expanding rapidly as a global market. In 13 years, the market has grown from $3.5 billion in 2004, to $120 billion in 2017. A Cybersecurity Ventures report on cybercrimes specifies that spending on products to fight against cybercrime will be worth higher than $1 trillion from today until 2021, at the same time damages related to cybercrime will rise to $6 trillion by 2021, from $3 trillion in 2015.
Necessity
It is a necessity for every business; protecting its data through archive or backup. Cyber threats progress, just like cybersecurity. They have become more sophisticated over time, every company to invest in cybersecurity as an absolute necessity. It’s predicted that in 2025, at least 4.7 billion people will be using the Internet, half of them with inconsistent use. This multiplies avenues for cybercrime. Cybersecurity will be a more crucial good than ever.
Industries and companies
The cybersecurity industry has grown rapidly and companies have emerged in return. The demand in this industry is clear and investors now find it an easy venue to place resources.
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| Image source: oilonline.com |
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