As per the report, the global network security industry was pegged at $18.48 billion in 2019, and is estimated to reach $63.39 billion by 2027, growing at a CAGR of 16.7% from 2020 to 2027. Rise in level of cybercrimes, higher economic losses, and increase in data safety and privacy concerns drive the growth of the global network security …
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Network Security Market Reaching a Total Valuation of US $63,398 Million by 2027
Rise in level of cybercrimes, higher economic losses, and increase in data safety and privacy concerns drive the growth of the global network security market. However, high setup costs hinder the market growth. On the contrary, increase cyber-attacks during the Covid-19 pandemic and growth in digitalization trends across the globe are expected to open lucrative …
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