A TechNavio report released by ReportBuyer predicts that the global enterprise cybersecurity market will achieve a compound annual growth rate of 11.84 percent over a five-year period from 2015 to 2019.
ReportBuyer said Monday the growth is due to the increase of cyber attacks resulting from higher Internet penetration and use of mobile devices and applications at businesses.
According to the report, market challenges include the high cost of implementing cybersecurity solutions at enterprises even as trends point toward the growing demand for cloud-based cybersecurity measures.
The report also identified the following key vendors:
- Trend Micro