Cybersecurity Industry to Benefit from Increasing Application of AI and IoT Technologies - Fresno Observer

Rapidly rising e-commerce activities will be the key driver for the global cybersecurity market growth during the forecast period. E-commerce giants such as Amazon are fast diversifying their businesses and product offerings and ecosystem of connected devices is getting wider and bigger. For example, in 2017, Amazon reportedly shipped more than 5 billion products globally. According to the OECD's Creditor Reporting System, funds to the tune of USD 6.6 billion were disbursed to promote cross-border electronic connectivity between 2006 and 2016. Thus, as more people shop and transact online, the global cybersecurity market revenue is set to get fueled in the forecast period.