Need for “Internet security”, a growing concern across the globe

If not the one, then definitely internet is one of the most important aspect of the globalization phenomena. Internet is the widely used communication medium across the globe for various purposes including business, entertainment, news and also personal. There is so much that people can do with the internet today such as social networking, blogging, marketing etc. However, there are security issues related with the use of internet. There have been incidents reported by many business firms of online security theft, across the globe.
Internet like every other thing has its Pros & Cons. Statistics in 2013 showed that there has been an increase of 26% of losses incurred by the businesses due to cybercrime. The growing incidences of cybercrimes due to unethical hacking, has raise the concerns about internet security fora wide range of businesses, mainly financial institutions.

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Allied market research publishes a new report titled’ “Global Internet Security Market (Applications, Technology, Products & Services, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020.” As per the report, the statistics show the overall global market to be hampered by $1 trillion, due to cybercrime.
Growing incidences of cybercrime has led to an increase of the internet security market. Security is the most important aspect that is taken into consideration by all kinds of businesses today. Thus, helping the internet security market to grow. However, stringent government regulations in some specific countries, where internet activities is continuously monitored by the government, is a major hurdle in the path of the market growth.

Major companies profiled in the report are Hewlett Packard, Apple Inc., IBM Corp, Microsoft Corporation, Google Inc., Logitech, Websense, Cisco Systems, Symantec, and MacAfee.

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