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Webtoons Market is anticipated to reach USD 67 6 Billion at a CAGR of 37 30% CAGR by 2032 - Report by Market Research Future (MRFR)
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Web Filtering Market 2021 Growth Drivers, Investment Opportunity and Product Developments 2027
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BFSI to Drive the Market Growth
With a growing number of cybercrimes activities, the security of sensitive data such as financial banking details, personal banking details, personally identifiable information, and confidential corporate data is at high risk. Due to these reasons, the demand for BFSI security solutions has witnessed a high requirement, consequently boosting the Web Filtering Market’s growth.
For instance, according to Verizon Communications Inc, in 2019, the global Finance industry experienced 1,509 cybersecurity incidents. Public and Professional services were the most targeted sectors, with 7,463 and 6,843 reported incidents. As per the IC3 & FBI, in the year 2019, 16,503 online identity theft cases were reported. Phishing and similar fraud ranked first, with 114,702 complaints.
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Global Web Filtering Market to Reach $7.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Web Filtering estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.
DNS Filtering, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the URL Filtering segment is readjusted to a revised 11.8% CAGR for the next 7-year period.
Web Filtering Market 2020 Dynamics, Trends, Emerging Growth Factors and Forecast to 2023
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