Cyber Magazine March 2022 | Page 64

THE CHANGING FACE OF NETWORK SECURITY

High profile cyber threats have increased the demand for network security across the globe . Cyber explores the on-premise network security landscape
WRITTEN BY : VIKKI DAVIES

The global network security market is growing . According to insights from international consulting firm , Fortune Business Insights , this market is projected to grow from $ 27.39 billion in 2021 to $ 60.38 billion in 2028 at a CAGR of 12 % in seven years .

A rising connected digital world that requires continuous data security and services from any location is boosting demand for the software . Subsequently companies are launching multiple hosting environments where all mobile and fixed devices are connected to the server , thus increasing the risk of data security . The more users , devices , and applications you add , the more vulnerable the network becomes .
Jeremy Jurgens , Managing Director of the World Economic Forum says : “ As human behaviour and interaction continue to be shaped by increasingly ubiquitous technologies , organisations must continuously adapt their capabilities to deal with and prevent malicious actors
64 March 2022