The Cyber Security Market in Europe is set to Expand at a CAGR of Nearly 13% from 2015-2019, says Technavio

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London, 18 May 2015 – Technavio, a tech-focused research firm, has published a new report on the cyber security market in Europe, which is expected to grow at a CAGR of nearly 13% from 2015-2019.

The new industry analysis report by Technavio draws attention towards the adoption of BYOD policies in workplaces, which allows employees to use their personal mobile devices for work. This has increased the demand for uninterrupted connectivity between a corporate network and employees’ mobile devices.

“The rise in employee mobility is leading to increased use of mobile devices, but these can be unsecure, making it easy for hackers to gain unauthorized access. This is expected to drive the growth of the cyber security market in the coming years,” says Faisal Ghaus, Vice President of Technavio.

The latest Technavio report also emphasizes the growing demand for cloud-based security systems. Organizations that find it difficult to manage stand-alone or integrated network components because of budget constraints and lack of resources are opting for these solutions.

“Cloud-based security solutions are cost-effective, compatible with PCI DSS regulations and offer round-the-clock system monitoring, which is expected to contribute to the market growth during the forecast period,” says Ghaus.….