Global cybersecurity market to reach $80 billion by 2017

The report, Cyber Security: A Global Strategic Business Report, finds that the United States and Europe account for the “major share” of the global cybersecurity market.

The market is being drive by large-scale development of advanced cybersecurity products and services and the explosion of the number of breaches. Advances in cybersecurity technology and software have encouraged enterprises that would otherwise not invest in cybersecurity to purchase systems, the report notes.

Global Industry Analyst predicts that network security, the largest cybersecurity segment, will continue to drive market revenues. Endpoint security, which is predicted to generate $5 billion in global revenues, is evolving from anti-virus software to software suites combining network access control, configuration control, anti-malware, patch management, and systems management.

Other market segments examined in the report include application, content, and data security, as well as identity and risk management, risk and compliance management, security operations, and consulting.

Major players in the global cybersecurity market identified in the report include Aladdin Knowledge Systems, AVG Technologies, BitDefender, CA Technologies, Check Point Software Technologies, Cisco Systems, F-Secure, IBM, IronPort, Juniper Networks, Kaspersky, McAfee, MessageLab, Microsoft, Panda Security, Sophos, Symantec, Trend Micro, Utimaco Safeware, and WebSense.

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