25 March 2021
Visiongain has published a new report on Counter Cyber Terrorism Market Report to 2031: Forecasts by Product (Firewall, Web Mining and Intelligence, CT-SNAIR, Counter Cyber Terrorism Personnel, and Cryptography Techniques). PLUS, Profiles of Leading Pharma Contract Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Counter Cyber Terrorism market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031
COVID-19 Impact on Counter Cyber Terrorism Market
Owing to the stoppage of important security updates related to software and hardware systems used across the world, the demand for countermeasures regarding cyber terrorism has growth immensely over the pandemic period.
Rising incidents of cyber-crimes across the globe
The occurrences of large-scale cyber-attacks across the globe are increasing with a rapid rate. Cyber terrorists target networks, data, endpoints, and several other IT ecosystems that generally results in a massive economic loss to the governments and businesses. The reason for cyber-attacks can have several motives such as financial gain, political rivalry, international rivalry, among others. The world has witnessed several cyber attacks recently, for instance wannacry, Notpetya, and BadRabbit, among several others, which affected businesses and government establishments on a large scale.
Rising technological developments
Cybersecurity players are including artificial intelligence (AI) and machine learning (ML) principles into their offerings to tackle security threats and breaches related to the all-connected offices with quicker detection of threats. Such offerings efficiently prevent the cyber attacks and protect valuable data within an organization. AI & ML techniques play a vital role in detecting and preventing the advanced security threats.
The counter cyber terrorism market is a highly competitive market. Some of the major players of this industry are The Boeing Company, Booz Allen Hamilton, Cisco Systems, Inc., Computer Science Corporation, Dell EMC, General Dynamics Corporation, Hewlett-Packard Development Company LP, IBM Corporation, Intel Corporation, and Kaspersky Lab.
• In April 2018, IBM Security and McAfee extended their partnership to integrate IBM IRP with Data Exchange Layer (DXL) and provide better protection through automation and intelligence sharing.
• In April 2018, Cisco launched advanced email security services, which help enterprises protect their network ecosystem from fraudulent emails containing ransomware, crypto mining malware, and fileless malware that seem legitimate to the users
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