Embedded Software Market - Regional Trends Insights and Growth Estimations

1. Cyber Security Market by Growth Opportunities and Key Trends Analysis by Regional Players to 2027 • The cybersecurity market is anticipated to witness exponential growth credited to increasing demand for IT security solutions in enterprises for protecting highly sensitive information from unauthenticated access and vulnerabilities. Use of cybersecurity solutions can help enterprises in preventing potential non-monetary and monetary losses from data storage devices and interconnected servers. With internet penetration and technological advancements, enterprises are steadily shifting towards cloud-based business models. • As extensive digitization and cloud business infrastructure is susceptible to information breach and cyber threats, enterprises are making heavy investments in cybersecurity solutions. These solutions help a firm to maintain the streamlined network operations by following set guidelines. Cybersecurity solutions also manage the overall network security as well as prevent unauthenticated changes over the network. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. Several cybersecurity firms are working on developing advanced cybersecurity solutions through strategic collaborations. For example, in 2019, IBM introduced its innovative platform consisting of open-source technology for hunting out cyber threats and to speed up the response to cyber threats across clouds. With such developments, Global Market Insights, Inc., estimates that the cybersecurity market may record USD 400 billion valuation by 2027. • Cybersecurity market across SMEs is projected to register a CAGR of around 15% over the forecast period. Rising number of cyberattacks and monetary losses are considered to be some of the major factors supporting the adoption of these solutions. Even though SMEs are facing budget constraints which is affecting the use of cybersecurity solutions, continuous development along with cost-effective security solutions could drive product usage. • Notably, the adoption of cybersecurity products and services is rising in the IT and telecommunication enterprises given to the demand for protection of personal sensitive data. Enterprises are using security solutions for protecting virtual information systems, servers, and data centers. This enables them to detect vulnerabilities at an earlier stage, providing protection from live attacks, and reducing cyber risks. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • Geographically, the Europe cybersecurity market is likely to record above 10% CAGR in the upcoming years on account of enterprises in the banking sector adopting advanced cybersecurity solutions. Furthermore, private enterprises and government authorities are also collaborating to prevent vulnerabilities in the financial sector. • Competitive Analysis • Meanwhile, the global cybersecurity market is dominated by leading firms such as IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Google LLC, and Nokia Networks. New product innovations and collaborations are the key business strategies utilized by these firms. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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