Hence, it has become imperative for enterprises to adopt cybersecurity to overcome critical threats which can compromise one’s business operations. According to Mordor Intelligence, the cybersecurity market was valued at USD 156.24 billion in 2020, and it is expected to reach USD 352.25 billion by 2026, registering a CAGR of 14.5% during 2021-2026. Also, the trends for IoT, BYOD, AI, 5G and machine learning in cybersecurity are increasing.
However, to ensure a robust security, enterprises must partner themselves with robust cybersecurity solution providers who can guarantee absolute threat management against all types of malware attack. Hence, evolving threats require an evolving IT security company that enables the safe use of technology. Furthermore, the rapid acceleration of digital transformation and remote working indicates a need for enterprises to secure their corporate data and devices beyond the four walls of the office. Also, enterprises also require flexibility to scale up their IT operations quickly to accommodate changing IT-related needs. This has increased the demand for cloud-based cybersecurity solutions, wherein, more enterprises are looking to outsource some of their cybersecurity operations.
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