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Retail, Banking, and Technology Sectors Driving Global Holistic Web Protection Market, Finds Frost & Sullivan
"Retail, banking and finance, and technology/telecommunications are the three key sectors driving the growth of the holistic web protection market," said , Information & Communication Technologies Research Analyst at Frost & Sullivan."Due to the rise of eCommerce, retail is expected to more than double the revenue generated from $400 million in 2020 to $823.7 million by 2025. As threats for online businesses continue to increase, so will the demand for solutions to combat them."
Hanets added: "As the banking and finance industry faces an uphill task in its bid to deliver secure digital services to customers over the internet, it will continue to turn to holistic web protection services. At the same time, for many technology and telecommunication companies, web infrastructure is not only a crucial business enabler but often the foundation of the business itself. Therefore, an interruption of services caused by DDoS attacks, for instance, may have detrimental consequences for the company's standing in the market."
The growing sophistication of attacks and the lack of cybersecurity professionals present immense prospects for market participants. Growth opportunities will vary considerably, depending on the region:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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Srihari Daivanayagam, Corporate Communications
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