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Trends behind anticipated $300+ billion cybersecurity market

March 19, 2019 / Smart Energy

Leading technology companies in the world have experienced and countered cyber-attacks since the advent of the internet, eventually leading to the inception of cybersecurity market. Today, cybercrimes are measured among the most active and loss inducing offences being witnessed globally, enveloping segments such as commercial, power grid failures, banking, transport as well as securities. The increased dependency on connected technology and cheaper, faster access to telecommunication services has only helped the cause of nuisances, whether it is a single criminal or a group of hackers. Fortunately, while IT giants and small software firms have focused on developing more efficient and powerful technologies like cloud, artificial intelligence and data analytics tools, they have simultaneously worked towards securing their products and services with the help of numerous partners and hardware providers.