North America is the Largest Market for Cyber Security

The ever increasing number of cybercrime is contributing towards the growth of global cyber security market. There are several efforts undertaken by the government agencies and cyber security experts to reduce cyber-attacks although the cybercrime is continuously growing at a rapid pace. The growth of cybercrime is driven due to huge availability of online services and increasing sophistication of cyber criminals that are engaged with security experts.

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The usage of big data technology in cyber security system helps the business organizations in storing and analysing huge heterogeneous data sets at a very high pace speed and scale. The business organizations are required to have big data access before employing cyber security system as it helps in comprehending data sets from internal and external sources and also detect several vulnerabilities in the networks.

Cyber security comprises of technologies and processes that is specifically designed to protect the networks, programs, computers and data from damage, attack or any unauthorized access. The constantly evolving and changing elements of security risks are creating opportunities for the implementation of cyber security in various industries.

Geographically, North America is the largest market for cyber security since the development of internet of things (IoT) and its adoption among various large and small and medium enterprises enables flexible communication between the machines and increases the possibility of applications being manipulated by the hackers. This has led to widespread usage of cyber security and development of this market in this region. Cyber security also provides pricing benefit to several business organizations in North America, as it is offered to them by implementing cyber security with the method of usage-based pricing.

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Asia-Pacific is expected to witness fastest growth in this market. Technological innovations are exposing business organizations of this region to increasing number of cybercrimes.      The increasing emphasis of mobile services has created an open platform for several users to access corporate systems and enhance the penetration of cyber security measures in this region. Moreover, this is creating opportunities for cyber security market to expand significantly in this region.

Some of the key players in the market include Intel Security, Symantec Corporation, Hewlett-Packard Enterprise, IBM Corporation, Cisco Systems, Inc., Rapid7, Inc., EMC RSA, Fireeye Inc., Trend Micro, Inc. and Sophos Ltd.

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