Jan 25, 2021 (The Expresswire) -- Global Counter Cyber Terrorism Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Counter Cyber Terrorism Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Counter Cyber Terrorism market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Counter Cyber Terrorism Market Report Overview includes major players of the global Counter Cyber Terrorism Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Counter Cyber Terrorism market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Counter Cyber Terrorism Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Counter Cyber Terrorism.
Counter cyber terrorism market is expected to reach about USD 38 billion by 2023. The report discusses the various types of Counter Cyber Terrorism solutions. While the regions considered in the scope of the report include North America, Europe, and various others. The study also emphasizes on how rising digital security threats is changing the market scenario.
Cyber terrorism has gained tremendous attention nowadays due to the increasingly high amount of coverage by various institutions especially those from the public and private sectors. They have recognized the disastrous impacts that cyber terrorism is capable of and thus it has become important to increase awareness on the subject among the general public in order to mitigate the threats posed by cyber terrorism more efficiently. In the digital 21st century, where everything is interconnected, from smart phones to laptops, makes them more prone to attacks by cyber criminals. The fact that threats of cyber terrorism can come from so many different sources sometimes makes it a difficult task actually to defend. However, with proper planning and strategic security implementations, the chances of cyber terrorism attacks from happening can be significantly reduced.
Growing Digital Security Threats to Drive the Market
The digitalization of information and procedures and the growing penetration of internet platform across the globe has increased the risk for cyber terrorism. The increasing interconnected world and the adoption of digital technologies and processes (cloud, big data, mobile, IoT, and Artificial intelligence) in areas of business and society have changed everyday life and revolutionized the way they run. The growing connectivity of everything, brings greater challenges on the level of security, compliance and data protection, and increases risk of cyber terrorism. Moreover, regulations, such as the GDPR that want to make sure organizations effectively tackle them. Also, cyber criminals are working on new techniques for getting through the security of organizations, accessing everything from IP to individual customer information. This increases the need for effective measures, driving the counter cyber terrorism market.
Rising Demand for Cyber Firewall to Drive the Market
With the advent of new next-generation features like application identification and control, firewall technology is evolving to become more flexible and secure. Firewalls have been providing the first line of defence in network security infrastructures for a long time by comparing corporate policies about users' network access rights to the connection information surrounding each access attempt. Moreover, the rise of the firewall is expected to be driven by the increasing compliance guidelines and regulations to prevent external and internal threats. Also, due to the increasing number of internal threats, users are now deploying firewalls in their internal networks especially between trust boundaries, switches, and back-end servers. Further, the market is expected to be driven by the increasing number of cyber terrorism and rapid rise in data theft.
Rising Demand for Cyber Security Measures in Asia-Pacific to Drive the Market
In China, increasing adoption of public cloud computing is leading to more and more enterprises re-allocating their business systems to cloud platforms. Issues regarding data security, tenant isolation, access control has become a focal point of these enterprises. Also, information security budgets for Chinese companies neared USD 8.5 million in 2016 (1.6% of their IT spending) significantly higher than the global average of USD 5.1 million. Similarly, India experienced a 68% rise in cybercrime registration from 2010-2016 and ranking 5th in the world regarding DNS hijacks. As a result, efforts are on from the governmentÃ¢â¬â¢s end and enterprises in combating the cyber terrorism threat.
Key Developments in the Market
November 2017 - Pool Re announced that from April 2018, it would extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber-trigger
September 2017 - Siemens and PAS announced a global strategic partnership to provide essential industrial control system cyber security and fleet-wide, real-time monitoring of control systems
The major players include - AO KASPERSKY LAB, CISCO SYSTEMS, INC, DELL, DXC TECHNOLOGY COMPANY, IBM CORPORATION, INTERNATIONAL INTELLIGENCE LIMITED, LEIDOS, NEXUSGUARD LIMITED, PALO ALTO NETWORKS, INC, RAYTHEON COMPANY, SAP SE, and SYMANTEC CORPORATION, amongst others.
Reasons to Purchase this Report
Analyzing the growing digital security threats and its effect on market scenario
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
The type of solution that is expected to dominate the market
The region that is expected to witness fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Counter Cyber Terrorism Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Counter Cyber Terrorism.
The market is divided into the following segments based on geography:
Global Counter Cyber Terrorism Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report
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