GCC Cyber Security Market to Reach Over $7B in 2018
April 17, 2018 | visiongainEstimated reading time: Less than a minute
In a new report, market research firm Visiongain forecasts the cyber security market in the Gulf region (GCC) to see $7.1 billion in spending in 2018.
The Gulf region contains a significant share of the world’s energy resources, and there has been an increased usage of personal internet and smart devices for banking applications over the past few years, which has made the banks vulnerable to phishing and DDOS attacks. These are a few of the factors that have made GCC region more vulnerable to cyberattacks, according to Visiongain.
The report adds that a major cyber security trend right now is an increase of mainstream awareness among organizations of all sizes when it comes to protecting their information. The rise of ransomware and very public hacks into small businesses, non-profit organizations, and even government agencies have brought these issues to the forefront for everyone. Because of this, organizations are witnessing a general increased level of investment by every company trying to protect their sensitive data.
Cyber security has become an emerging concern for the organizations in the Gulf region, Visiongain notes. With increased usage of smart phones and social media, companies need to be prudent regarding their online safety policies.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.