Cybersecurity Market Soon to Script Growth with Profound Government Initiatives towards Rigid Cyber Laws


Published on : Sep 17, 2018

Albany, New York, September 17, 2018: Frequent occurrences of cyber threats and instances of cybercrime has set the course for the growth of cybersecurity market. Protection of cyber assets across verticals inclusive of private and government enterprises has favored the growth of cybersecurity market. A new research report titled, ‘Cybersecurity Market Global Analysis By Product Services Industry Verticals & Regions’ collated in the burgeoning repository of Market Research Hub (MRH) documents ongoing developments and their corresponding impact on the growth of cybersecurity market growth.

At the backdrop of growing IT economy and parallel rise in cyber theft in developing economies such as India, government has initiated novel schemes to strengthen cybersecurity and cyber awareness amongst the stakeholders to limit the deterring impact of cyber security breach.

Cyber Surakshit Bharat: a Forward Looking Initiative towards Cybersecurity in India

In a recent development, India has welcomed a new government backed initiative, Cyber Surakshit Bharat to impart adequate information on cybercrime coupled with the need to formulate stringent safety measures across government bodies to arrest emerging instances of cybercrime. The development is expected to pave new growth trajectory for cybersecurity market.

NHS Digital Deal Promises to Escalate IBM’s Position in the Global Market

A forerunner in cybersecurity market, IBM has affirmed its recent deal with NHS Digital. The deal amounting to over 30 million pounds directs IBM to offer superior enhanced cybersecurity system of NHS Digital. The assignment binds incorporation of a host of features such as malware detection, threat determination and testing of malware across NHS server system. With this assignment accomplished, IBM eyes the leading position in on the growth chart of cybersecurity market.

Managed Security Services Incurs Maximum Revenues in Cybersecurity Market

Meticulously gleaned research elements compiled in the report enable readers to gain a detailed overview of various market segments prevalent in the market. This section of the report highlights product type, services, and end-user industry as core segments. Based on product type, cybersecurity market is classified as network security, IAM, SVM, end point security, messaging security, and web security amongst others. Based on services, the market is compartmented as managed security services, integrated solutions, security consulting, and educations and training. Based on end-use industry, the cybersecurity market is classified as governmnet, BFSI, manufacturing, ICT, retail, and healthcare amongst others. 

Further in the course of the report, readers gain insights on regional diversification of cybersecurity market, based on which the market is demarcated as Europe, Asia-Pacific, North America, and Rest of the World amongst others. Elaborate research postulates accounted in the report allow readers to gain insights on various marketing strategies applied by core market participants across regions and their dominant impact on end-user response and growth of cybersecurity market.

Competition Spectrum: Cybersecurity Market

Based on thorough, un-biased research elements encapsulated in the report, readers are enlightened about the efficacy of marketing strategies in incurring favorable profits besides influencing desirable end-user response such as their buying preferences and eventual buying behavior. Market players can engage in thorough analytical review of these strategies to infer core deductions based on which market players can formulate lucrative business models that ensure sustenance besides unwinding new revenue pools.

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