Imagine if you'd investing in Microsoft or Apple in 1980. This is the same opportunity that is available in innovative technology and Cyber Security companies now.
A $1,000 investment in Microsoft on the day of its initial public offering, or IPO, on March 13, 1986, would be worth more than $1.6 million today, according to CNBC calculations.
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The cybersecurity market is continuing its stratospheric growth and hurtling towards the trillion-dollar mark in 2020. In 2004, the global cybersecurity market was worth $3.5 billion. The cybersecurity market grew by roughly 35X over the next 13 years.
While all other tech sectors are driven by reducing inefficiencies and increasing productivity, Cybercrime drives cybersecurity spending. The unprecedented cybercriminal activity we are witnessing is generating so much cyber spending; it's become nearly impossible for analysts to track accurately.
Before the Coronavirus Pandemic, analysts anticipated a 12-15 per cent year-over-year cybersecurity market growth through 2021. These numbers can only be higher now that everyone is online and attacks have grown by 6X.