Cyber Security Market by Component (Solution,Services), Security Type, Organiza

1. Cyber Security Market by Component (Solution,Services), Security Type, Organization Size, Deployment Type, Vertical and Region and Global Forecast 2023-2030 http://factviewresearch.com/report/cyber-security-market Cyber security has become one of the most crucial aspect for enterprise as well as for consumer as it has impacted, every aspect of our work as well as personal life. The first ever cyber-attack, “Morris worm” was reported way back in the year 1998, and since then the cyber-attacks have not only grown but have become much more sophisticated, which has resulted in enterprises and individuals paying a huge penalty both in terms of dollar as well as brand image. IMPACT OF COVID 19 Cyber security growth driven by increased spending in regulated industries such as banking, healthcare and government and defence. The Covid-19 pandemic had a huge impact on working of individuals as enterprises had to move from an offline working to online working immediately due to the government regulations. Many of enterprises, has very little time for this change, due to which cyberattacks saw a rapid increase. For instance, Switzerland there were 350 cyber-attacks in April 2020 as compared to 100-150 cyber-attacks. Attackers saw, Covid 19 as an opportunity to expand their reach, where approximately USD 13 million was loss in cyber-attacks since January 2020. Considering these factors, the Covid-19 had a negative impact on the cyber security market, but this negative impact was temporarily as spending on cyber security solutions and services increased significantly in the coming years.