The volume, sophistication, and diversity of cyber threats are unrelenting problems for companies’ internal information security teams. The combination of escalating cyber risks and security personnel shortages propels market demand and presents challenges for organizations.

The growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs). These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and operationalization of threat intelligence. The TIP market is one of the cybersecurity markets that will be least affected in 2020.

The global robotic process automation (RPA) market is expected to gain momentum by reaching $6.10 billion by 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning that drives the demand for modern robotic process automation.

“A very determined cyber-criminal has very high odds of getting into your system.  The new war is about planning for a cyber security breach and being able to detect, respond, isolate and eradicate that breach. Many companies are practicing good cyber hygiene.  But for the very advanced hacks—you have to detect them.” – Bryce Austin, CEO of TCE Strategy

A fresh market intelligence study by Transparency Market Research (TMR) reveals the global cloud encryption market to be largely consolidated with the dominance of a few well-entrenched players that hold the key market share.