Lewes, DE -- (SBWIRE) -- 09/15/2017 -- Cyber security is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack damage or unauthorized access. In a computing context security includes both cyber security and physical security.

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The demand for application for security solutions are highly growing as the emergence of IoT has connected large number of devices via internet which are affected to Advanced Persistent Threats. The cyber security market is further segmented into various divisions out of which the adoption of security segment is expected to witness great success. A great amount of work is going on to produce smarter security system which will help in the future. Science Applications International Corporation has invented a new technology for government to protect critical data, decrease risks and provide a protection against cyber attacks. With the poor condition of traditional tracking objects such as web, content management and network security. This failure is helping the cyber security market to rise really high from its competitors.

The health insurers are using this cyber security technology mostly as they are the prime target of cyber attackers. While there are increasing cases of stolen medical reports the health care industry is adopting this cyber security largely in order to secure their important data. The cloud based applications will play a vital role in the growth of cyber security technology. Smart grid cloud applications comes with several features to reduce cost and also to centralize their resources. Cloud based applications are treated on the web which makes these applications more protected to cyber attacks.

Geographically North America is expected to cover a huge part of cyber security market. Asia Pacific is also competing in the race and will surely overtake this market soon in the future. Other than these Europe and Latin America is also dominating the cyber security market.

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Market segment by Type, Cybersecurity can be split into

Network Security
Endpoint Security
Application Security
Cloud Security
Wireless Security
Others

Market segment by Application, Cybersecurity can be split into

Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Aerospace and Defense
Retail
Others