As we are exiting 2017, a year in which programmers stole the show for an assortment of causes, cybersecurity has rose to the highest point globally in the priority list in all the regions extending from governmental issues to national fight and from savvy homes to our worldwide monetary systems. With new artificial intelligence, social networking sites, robots, connected cars and a plenty of Internet of Things (IoT) gadgets going onto the market every day, how we can prepare ourselves for coming generation cyberattacks?

Key Takeaways:

·     Cybercrime is the greatest danger to each organization on the planet, and one of the most concerning issues with humankind.

·    What will happen in 2018? Regardless of whether you like to call them cybersecurity, online hazard patterns or security forecasts, the appropriate responses are almost same. Here's a gathering of what our best industry specialists, security organizations and tech magazines are saying regarding the year ahead — and what you can do to plan.

·         Symantec Corporation dominated the global cyber security market, followed by BAE Systems, Intel and Cisco Systems.

Don’t you see some risk in the internet of things (IoT)?

There are so many articles, blogs, reports mentioning about IoT, latest technology, cryptography and so many things that are going around in Information and Technology sector. Well, this is not only related to IT but for an instance, you can talk about any sector like Automotive, huge growing trend for autonomous and connected vehicles, it seems like everything is revolving around IoT. Moreover, According to TechSci Research report “Global IoT Security Market By Type (Network Security, Endpoint Security, Cloud Security & Others), By Solution (Identity Access Management, Encryption & Others), By End Use Application, By Region, Competition Forecast & Opportunities, 2012 – 2022” is projected to grow at a CAGR of 35% during 2017-2022, to reach $ 31.93 billion. But whether these are secured are not is always the first thing come to our mind, right?

Why it’s essential to focus on Cyber Security?

No doubt the companies in cyber security systems are talking about future of their products than ever before. You can see a lot of companies are growing and talking about forecast values and numbers related to cyber security. They are in continuous talks about the upcoming trends and challenges globally.

It is quite clear is that whatever the companies related to IoT security or cyber security are having in their mind surely it is going to benefit the market in all sectors whether you talk about IT, banking, retail, Health, automotive etc., as all these sectors are now under one umbrella and i.e. “Technology”.

According to TechSci Research report “Global Cyber Security Market by Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years.

As more business basic functions depend on data frameworks and the internet, companies are increasingly uncovered to cyber threats that can disrupt procedures or compromise sensitive information. Indeed, even the most very much staffed IT security offices can't do only it. We've incorporated a rundown of the best 5 cyber security companies who can help.

For comparison purpose, let’s have a look at the Top 5 companies in Cyber security:

Symantec Corporation:

•          Symantec Corporation is one of the leading security, backup, and availability solutions company worldwide headquartered in Mountain View, California, US.

•          The company offers security, storage and systems management solutions. It further offers email security, cloud security, data centre security, encryption services, managed PKI service, endpoint protection & encryption solutions, and so on.

•          April 2016: Partners with Rockwell Automation, a US based company `for securing connected industrial systems from malicious attacks.

•          February 2016: SilverLake, an American private equity firm announced strategic investment of USD500 Million in Symantec.

•          GAAP revenue in fiscal 2017 was $4.019 billion, an increase of 12% over fiscal 2016.

                                                                                                                                                                                         Source: Company’s Annual Report

BAE Systems PLC

•          BAE Systems PLC is one of the leading defence, aerospace, and security company across the world headquartered in London, United Kingdom.

•          The company offers cyber security solutions under business segment Cyber & Intelligence, which includes United-States based Intelligence & Security business, United Kingdom based Applied Intelligence business, and all cyber security related activities offered to government, commercial, financial sectors.

•          February 2016: Partnered with Nanyang Technological University (NTU), Singapore for development of next-generation cybersecurity solutions over a period of two-year. These cyber solutions would focus over data mining and processing unstructured complex data, threat detection, etc. BAE Systems remains a top ten defence supplier in the US.

•          According to company’s annual report, in total, sales were higher at $2.4bn (£1.8bn). The Intelligence & Security business saw a 2% increase largely in provision of managed services to the intelligence community. Growth in the Applied Intelligence business was at 11%, benefiting from increases in the Commercial Solutions and UK Services divisions.

•          The company is currently working under five-year contract with an estimated value of $75m to provide the US Army with intelligence data analysis support services.

•          In 2017, U.S. Navy awards BAE Systems $139 million contract to upgrade USS Tortug.

Intel Corporation

•          Intel Corporation is engaged in manufacturing, designing and selling the digital technology platforms worldwide, headquartered in United States.

•          The company acquired McAfee in 2011 to offer cyber security solutions across the globe. MacAfee was merged into Intel Security Group and renamed as Intel Security. The company offers software solutions for end-point security, network and content security, risk and compliance, server security, cloud security, host intrusion prevention, web protection, consumer security, mobile security & privacy.  

•          In 2017, Intel and Microsoft Collaborate to Deliver Industry-First Enterprise Blockchain Service. Intel, Microsoft and other blockchain technology leaders are working together to deliver security-enhanced, scalable capabilities in blockchain services. 

•          Moreover, by 2020, Intel estimates that 200 billion smart objects will be part of the Internet of Things (IoT). That poses new security challenges.

Cisco Systems, Inc.

•          Cisco Systems, Inc. specializes in designing, manufacturing and selling Internet Protocol (IP) based networking and other products related to the communication and IT industry, headquartered in United States.

•          The company has wide product portfolio of products & services for secure access control system, email encryption, Adaptive Security Appliances (ASA), AMP, IPS, etc.

•          March 2016: The company announced investment of USD100 million in India to train around 250,000 students under ‘Start-Up India’ and ‘Skill India’, along with opening of 6 Innovation labs and 3 Centres of Expertise to drive innovation in smart cities, Internet of Things (IoT) & cyber security in India.

•          March 2016: Cisco Systems Inc., completed acquisition of Jasper Technologies, Inc., a Santa Clara based privately held company. Jasper specializes in delivering cloud-based IoT service platform to enterprises, service providers, etc. This acquisition would enable Cisco to offer complete IoT solution to IoT service providers, application developers, etc.

International Business Machines (IBM) Corporation

•          The company is a leading technology company, engaged in offering computer software solutions, such as software, products, services, etc., using advanced information technology. The company offers data, network, mobile security services; emergency response services; etc.

•          February 2016: IBM Corporation and Check Point Software Technologies announced plans to form a threat prevention alliance. The formed alliance has 4 areas of collaboration, namely, shared threat intelligence, integrated event management, advanced mobile protection and managed security services.

•          January 2016: IBM Corporation acquiers IRIS Analytics, a Germany based privately held company specializing in offering real-time analytics services to the payments industry. This acquisition would enable to expand its solution capabilities combined with IBM’s Counter Fraud for real-time payment fraud prevention.

•          April 2016: IBM Corporation acquired Resilient Systems Inc., a US based privately held company. Resilient Systems specializes in providing incident response solutions. This acquisition would enable IBM to expand its business capabilities in the field of incident response marketplace.

Now we can easily guess, who is the market leader in Cyber security?

Cyber security market is highly fragmented, and majority of the cyber security solutions are installed by regional cyber security players. According to Techsci Research Global Cyber Security Market report, by Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021” Symantec Corporation dominated the global cyber security market, followed by BAE Systems, Intel and Cisco Systems. With growth in number of security intrusion by viruses, malware in endpoint devices, network, along with rapid adoption of cloud computing, Symantec’s cyber security solutions witnessed growth in demand across geographies.

Conclusion: The cybersecurity part has been a theme that has evolved in parallel with different companies’ efforts to achieve strong marketplace, efficiencies and increase the effectiveness of their IT set-up and applications through latest technologies. Every day we get to know about different technologies and their benefits and different ideas of these big giants behind innovations and so on, now I am thinking of the future where it will take all of us through.