The Incredible Growth of Cybersecurity Services Industry 2021

 Where is the largest and fastest growing market for the cybersecurity services market- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The global cybersecurity services market opportunities and strategies to 2030 report from Publisher answers all these questions and many more.

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Cybersecurity vendors are incorporating Artificial Intelligence (AI) and machine learning concepts into their solutions for addressing critical threats related to the hyper-connected workplace, with faster threat detection, mitigation, and response capabilities. The advancements in technologies, such as AI and machine learning, are turning the tides against cybercriminals. AI and machine learning-based cybersecurity solutions analyze a huge amount of data from the past threat records and identify new threats to save enterprise networks from infiltration attempts. AI and machine learning techniques play an integral role when it comes to identifying and safeguarding against the advanced security threats. According to Gemalto’s Breach Level Index 2017, the data breach recorded more than 2.5 billion compromised data records. For instance, in September 2017, Equifax witnessed cyber-attacks, which resulted in the loss of more than 140 million American customers’ sensitive information. The information that was stolen included names, addresses, social security numbers, date of birth, and driver license numbers.

The cyber threats are increasing in number day by day, and conventional security solutions are incapable of detecting malware, ransomware, and other sophisticated cyber threats. Hence, cybersecurity professionals are leveraging AI and machine learning technologies for responding to the evolving cyber threats faced by individuals, businesses, and governments. Additionally, vendors are also looking into leveraging modern day concepts such as blockchain into fortifying the capabilities of their cybersecurity solutions and services, thus offering better protection and remediation for the enterprises.