Analysys Mason, a global technology analyst firm, announces the findings of its global study into cyber security buying and adoption trends in small and medium-sized businesses (SMBs) worldwide. The study of 3000 companies in ten countries across North America, Western Europe, the Middle East, Africa and Asia–Pacific identified that SMBs often struggle to find adequate security solutions and lack in-depth security knowledge.
Analysys Mason values the worldwide cyber-security market for SMBs at USD50 billion, with 13% annual growth over the next 5 years. Its industry research indicates that there is significant potential for further growth, and for security vendors and service providers to address the market opportunity more effectively.
