The Rising Demand Of Data Security
In 2017, data is fueling everything from artificial intelligence (AI) to human resources and hiring, utilities, healthcare, education, manufacturing, transportation, banking and finance, insurance, and IT security. Recent trends, global pandemic side effects, and cybersecurity statistics show a huge increase in data breaches and breaches from increasingly common workplace sources such as mobile devices and IoT.
The main reason for the high demand for cybersecurity careers is the growing number of cybercrimes. As the number of cyberattacks increases, so does the demand for cybersecurity professionals, and fortunately, cybersecurity budgets continue to grow.
The unprecedented rise in cyberattacks, both in frequency and intensity, has forced companies around the world to devote their resources to strengthen their security infrastructure. In addition, the constant threat to countries’ critical infrastructures from cyberterrorists has prompted governments around the world to increase their cybersecurity budgets. The threat of state-sponsored attacks is enough to encourage governments to increase their cybersecurity budgets and invest in the latest information security products and services.
The cybersecurity market has grown significantly to meet the growing demand for protection from the horror of cybercrime. While increased cybersecurity funding and high adoption rates of advanced security solutions are fuelling market growth, the growing penetration of IoT and cloud technologies is expected to create new growth opportunities. In addition, the growth of the market is supported by the growing adoption of next-generation wireless networking technologies. This growing adoption of cloud services is also playing an important role in increasing the growth rate of these industries.
The growth is driven by the growing demand for applications that store and protect data with advanced security practices. This growth has resulted in high demand for application security tools from organizations, thereby boosting the growth of the global application security market.
The growing number of high-level security breaches is driving demand for cloud application security solutions in North America. Growing virtualization in various industries and the adoption of cloud storage security are driving demand for cloud-based big data protection solutions in different countries. Due to high levels of digital connectivity, as opposed to low awareness of cybersecurity, growing cross-border data transfer, and lax regulation, the demand for big data security solutions in the Asia Pacific is expected to increase over the forecast period.
Globally, the Asia-Pacific region is seeing an increase in demand reaching over 2 million security jobs. Demand for digital security jobs grew by 37% between 2012 and 2022. According to Burning Glass, security jobs have grown by 94% over the past 6 years. IBM expects the number of jobs available for data scientists in the United States to increase by 28% to over 2.7 million positions.
As the world becomes more and more mobile, the demand for application security professionals is growing exponentially. Application security and cloud storage security are two areas of expertise that are exponentially growing worldwide. Major players in the cybersecurity market are integrating core technologies such as machine learning, the Internet of Things (IoT), cloud computing, and big data into their corporate security teams. Participants in the global cybersecurity market, including Cisco Systems, IBM Corporation, and others, are focused on developing advanced cloud-based security solutions.
Growth in the global market will be driven by an increase in the frequency of cyberattacks, a growing focus on cybersecurity, and the development of sophisticated wireless networks. Growing demand for an increasing amount of structured and unstructured data, digital assets, and the growing need for data security in the cloud services with a focus on data-centric organizations or businesses has led to the growth of the data loss prevention market.
The enterprise data loss prevention market is highly dependent on the growing demand for a secure internet storage solutions with a sharp increase in cybersecurity threats to enterprises. Corporate data loss prevention is expected to increase due to high demand in the healthcare sector as the healthcare sector uses the cloud for data backup and recovery, and the rapid growth of electronic health/health records requires increased protection against cyber-attacks, increasing demand. to prevent data loss. As the number of cyber threats grows, data loss prevention solution providers are turning to service companies and attackers serving a wide range of end-user sectors.
Recent security research shows that most companies have unsecured data and poor cybersecurity practices, making them vulnerable to data loss. Fortunately, by assessing your company’s cybersecurity risk, making company-wide changes, and improving overall security behaviour, you can protect your business from most data breaches. That’s why it’s so important to protect employees and customers from malicious attacks and personal data outages. Businesses and organizations dealing with financial documents require the most stringent security measures.
Industries that store valuable information, such as healthcare and finance, are often more serious targets for hackers looking to steal Social Security numbers, medical records and other personal data. As more and more data is collected and shared, protecting vital information has fundamental implications for consumers, workers and businesses of all kinds. New technologies give companies more control over the data in the hands of users while delivering a great user experience.
Cybersecurity is on the rise right now due to the increasing number of risks businesses and individuals face. Quantum cryptography is gaining attention due to increasing digitalization and the resulting increase in cybersecurity risks and other threats such as data security and hacking. According to a recent survey, 22% of companies are investing in new and better security measures.
The COVID-19 pandemic has also resulted in some cyberattacks and hacks during this period, implementing data loss prevention software a must for all businesses. The rise in cybercrime can be attributed to several factors, such as the emergence of the COVID-19 pandemic, the rise of digitalization, and the frequent introduction of new technologies.
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