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Widespread Use of Mobile Devices Will Boost the Global Cyber Security Market in the BFSI Sector

Reportstack has announced a new market research report on Global Cyber Security Market in the BFSI sector 2015-2019. A growing number of consumers using mobile devices for a range of activities is contributing to a CAGR of 13.14 percent from 2014-2019 in the Global Cyber Security Market in the BFSI Sector.

The need for any business to stay connected 24/7 has encouraged employees to use their personal portable devices such as cellphones, tablets and laptops to gain access and store confidential information, thus increasing the need to protect data.

Many mobile devices are not secure, it can be easy for hackers to gain unauthorized access to mobile devices in corporate networks, which may lead to fraudulent activities with the misuse of business-critical data. Therefore, enterprises are increasingly adopting cyber security solutions to secure their networks and provide employees with secured access to confidential information.

Thereport emphasizes the growing demand for cloud-based security solutions. These solutions provide significant advantages, which has increased their demand among organizations.  

“Many companies opt for cloud-based IT security solutions that are cost-effective and compatible with payment card industry data security standard regulations and offer round-the-clock monitoring of systems,”.

To access full report with TOC, please visit  Global Cyber Security Market in the BFSI sector 2015-2019.