The global cybersecurity market will grow to an estimated $170 billion by 2020, from $77 billion in 2015, according to cybersecurity analysts. That estimate is conservative, one expert told RT, given constant expansion in technology and hacker abilities.
Seven-figure cybersecurity deals have gone up by 40 percent year-over-year, while the Asia-Pacific region is quickly emerging as a major market for cybersecurity interests, according to a quarterly report by Cybersecurity Ventures.
North American and Europe remain the top cybersecurity markets, the report said, while the “aerospace, defense, and intelligence vertical continues to be the largest contributor to cybersecurity solutions.”
The growth of the cybersecurity market, though, will likely be much more than the report estimated, Hemanshu Nigam, CEO of SSP Blue, a leading advisory firm for online safety, told RT.
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