Transforming cybersecurity challenges into new opportunities

  • TECH
  • Monday, 06 Jun 2016

Worldwide potential: Market research firm Gartner says global spending on IT security will hit US$101bil (RM414.3bil) by 2018.

Predicting the future is a challenging task. But as the world enters a new digital era, most of us would agree that cybersecurity is on the cusp of exponential growth, driven by the Internet of Things (IoT) and mobile communication.

Leading research company Markets and Markets estimates that the global cybersecurity market will grow to US$170bil (RM696.9bil) by 2020, at a Compound Annual Growth Rate (CAGR) of 9.8% from 2015 to 2020 with aerospace, defence, and intelligence vertical industries among the largest contributors to cybersecurity solutions.

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