Global internet security market size was estimated at over USD 170 billion in 2014. The industry is gaining traction among commercial internet users as a result rising rates of data theft from remote access locations and false impersonation from physical environments. Cyber threats towards individual identities, cloud computing systems, data centers, government centers and financial service providers are major factors driving requirement for better internet security software and firewalls.
Over the recent past, various cyber-terrorist organizations have been actively attacking government network infrastructures, industrial control systems, energy grids, telecommunications, and financial database centers. Of these, SQL injections, defacements, and targeted attacks, form a large portion of techniques employed by cyber criminals, collectively accounting for over % of attacks.
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In terms of motives, over 69% of the attacks are accountable to cyber crime while a mere 13% is accountable for cyber espionage. Of the end-users, internet service providers were highest impacted followed by e-commerce and retail industries. These three industries collectively accounted for 51% of the overall cyber attacks in 2015.
Non-profit organizations and internet services were the highest impacted organizations of cyber attacks in stark contrast to political entities who accounted for just 12%. Companies attacked through internet as a means suffer great losses in revenue, information, operational disruption, and equipment damages.
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In terms of solution, the global industry is briefly segmented into identity & access management (IAM), risk & compliance management solutions, encryption solutions, data loss protection systems, firewalls, anti-virus/malware, intrusion prevention systems, web filtering solutions, and disaster recovery solutions.
Anti-virus solutions are the most widely used methods in preventing cyber threats as they are functional in preventing malware from remote and physical access points. Disaster recovery solutions, intrusion prevention systems and data loss protection systems are expected gain prominence due to their increasing adoption on an industrial level.
Industries analyzed in the report include aerospace, defense & intelligence, government, banking & financial services, telecommunications & IT, healthcare, retail, manufacturing and e-commerce among others such as insurance & public utilities.
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Solutions such as IAM, DDOS mitigation, encryption, and intrusion prevention systems are expected to gain prominence in aerospace, defense & intelligence and banking industries owing to the industries’ criticality and sensitivity of information.
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