Cybersecurity investment represents a great opportunity, as this industry is growing rapidly. Discover more about why you should invest in cybersecurity.
The cybersecurity sector is growing at a rapid pace. In 2018, sales were estimated at $137.8 billion. This figure is going to reach $231.9 billion by next year!
With a compound yearly growth rate of 111 percent, you will struggle to find another industry that is thriving as much as this one.
The global market for private security services is booming at the moment as well, with a projected growth of six percent per year.
This means that the potential value of the industry for 2022 is a monumental $400 billion!
Cyber security investment is a smart choice
When you considering the increasing number of cybersecurity dangers that all individuals and businesses face, it’s not hard to see why this is an industry that has a tremendous amount of potential.
We’re all searching for protection from crypto-jacking, malware, phishing scams, mobile threats, cloud computing, third parties, and much more.
Not only are there many different scams and types of data breaches that we need to be wary of, but we must also acknowledge that these threats impact everyone. Therefore, it stands to reason that you have a great opportunity if you decide to invest in cybersecurity.
Billions are being poured into cybersecurity businesses
This is not just about cybersecurity businesses espousing the opportunities in their own field. Big money companies, like Morgan Stanley, are pouring heaps of money into cybersecurity companies.
Strategic Cyber Ventures has also stated that in 2018 over $5.3 billion was funneled into businesses focused on protecting data, systems, and networks across the world.
Why should you invest in cybersecurity?
There are a number of reasons why investing in cybersecurity makes sense. This includes the following:
- The global cost of cybercrime has hit an all-time high of $2.1 trillion. This figure is only going to get bigger!
- The traditional methods for protecting against cybercrime are not effective anymore. A new and more sophisticated breed of cybercriminals is about, and we need advanced cybersecurity systems to protect against them.
- The worldwide cybersecurity market is expected to reach $326.4 billion by 2027 according to Grand View Research.
- Last year, there was a 480 per cent year-on-year increase in terms of the number of regulated companies targeted in cyber attacks.
These points help establish why there is a growing need for cybersecurity, and why this industry will continue to thrive. Investing in this industry now could be one of the wisest decisions you make.
Gain exposure to the cybersecurity industry with Cybex Security
Cybex Security is one of the newer firms in the worldwide cybersecurity sphere, offering physical and cyber security services.
With Cybex, you have an exciting opportunity to grow your portfolio and diversify within a burgeoning market.
This is a sector that is untapped yet evolving at a rapid pace, making it the perfect environment for investors. It is also a tax-efficient opportunity. To find out more, please do not hesitate to get in touch with us today.