The Internet Security Software Market Is Estimated To Increase At A CAGR Of 10.1 Percent During The Forecast Period

Cyber security software, often known as computer security software, is a form of software that protects and secures computers, networks, and other computing devices. Due to their extensive overlap, and the old adage that the greatest defence is a good offence, this is generally understood in the context of defending computer systems or data, but it can also include programmes built expressly for subverting computer systems. It aids in the management of access control, the protection of the system against viruses, malware, and illegal access, the protection of data, and the defence against other system-level security threats. Anti-virus software, internet security software, malware removal software, firewall software, network security software and protection software, and many other forms of cyber security software are available. The market for cyber security software is growing due to the growing popularity of digitalization.

From 2020 to 2027, the Internet Security Software Market is expected to develop at a CAGR of 10.1 percent, from USD 186.41 billion in 2019 to USD 361.85 billion in 2027. The increase in the frequency and sophistication of cyber-attacks, the emergence of disruptive digital technologies such as IoT, stringent data protection regulations for information security, and the increase in the number of supply chain-based attacks exploiting the software supply chain are the major factors driving the Internet Security Software Market. Massive cyberattacks are becoming more common around the world. Endpoints, networks, data, and other IT infrastructure are targeted by cyber terrorists, resulting in massive financial damages for individuals, businesses, and governments.

Political rivalry, financial gain, reputational harm, international competition, and radical religious group interest are among the key motivations of cyber-criminals. The bulk of cyber-attacks are carried out for monetary benefit. WannaCry, Petya, NotPetya, and BadRabbit are examples of notable ransomware that have wreaked havoc on businesses and government agencies on a large scale. Furthermore, new business models and technologies such as the Internet of Things (IoT) rely heavily on global digitalization for the growth of the Internet Security Software Market. The attack surface becomes significantly bigger as the system becomes more complicated, networked, and handles more information, exposing the business's security system's weaknesses. Connectivity via Big Data, cloud, social media, and mobile applications is the major platform for growth in criminal operations.

Because the original versions are expensive, many businesses utilise pirated software. Because there is a close link between cyber security and the use of unlicensed software, the continued use of pirated security software is one of the main roadblocks to the growth of the Internet Security Software Market.

Juniper Networks, Inc., Trend Micro Inc., Symantec Corporation, IBM Corporation, Kaspersky Lab, McAfee Inc., Cipher Cloud, CA Technologies, Cisco system Inc., Websense, Inc.( Forcepoint),  Fortinet, Inc., Sophos Ltd., Dell, Check Point Software Technologies Ltd., SafeNet, Inc., and Cyren Ltd are some of the major key players in the Internet Security Software Market.