Product Security & IT Security Assessment Study Market - Forecast(2021 - 2026)
Product Security & IT Security Assessment Market Overview The market for Product Security & IT Security Assessment is estimated at $155 billion in 2020 and is forecast to grow at a CAGR of 7.0% during the forecast period 2021 to 2026. As stated by INTERPOL, in a 2019 annual report, cybercrime is the fastest growing crime in the world at 9% Year-over-Year. Now, this has made cybersecurity an indispensable need of the hour in businesses, government bodies, and the financial sector. Its deployment has been driven remotely by everything that utilizes data, thereby significantly contributing to the adoption of product and payment card security and IT security assessment. Along with the telecom sector, the aerospace industry is considered to be another key end-users to the security test and managed security services market. The aerospace and defense industry is prone to cyber-attack due to its continuous exposure to non-A&D, OT-based technologies. Thus, this industry is adopting...