The Impact of COVID-19 On Global Cybersecurity Sector is Severe: Research


A recent survey revealed that the impact of COVID-19 on the global cybersecurity market size is expected to grow from $183.2 billion in 2019 to $230.0 billion by 2021, exhibiting a CAGR of 12% during the forecast period. The survey stated the ongoing crisis has transformed the thought process of a company’s management toward cybersecurity. Especially, SMBs, startups, and large enterprises, except technology giants, were considering cybersecurity budgets as unavoidable capital expenditure due to regulatory and compliance measures.

The research also highlighted that...

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