Cyber Security Market Projected to Reach $170.21B by 2020

MarketResearch.com issued a new report which projects the cyber security market to grow to $170B USD by the year 2020. This is the true sign of an megatrend at work worldwide growing at 7.32% CAGR. With the exponential growth and sophistication of cyber-attacks in the last few years, security solutions and services are in demand to protect the huge confidential data of the government, military, public data, Banking Financial Service and Insurance (BFSI), hospitals, and other business. With regards to this, security solutions such as security intelligence, managed security services, advance threat protection, and incident response are being used for data privacy.

Download this report at: http://www.marketresearch.com/land/product.asp?productid=9081818&progid=87749 Will the cyber security sector reach the $170B mark by the end of this decade? All macro trends - government-backed hacking from Iran, China and Russia combined with Middle East and domestic terrorism along with the rise of social media all point to continued growth. Send your comments to the Cloud and Cyber Security Center.