Global spending on cybersecurity products and services is predicted to exceed $1 trillion during the period of five years, between 2017 to 2021, with different analysts predicting the Compound Annual Growth Rate (CAGR) at anywhere between 8 to 15%. It is not surprising to see this growth in spending, which is primarily driven by the evolving sophistication and volume of attacks as well as the surmounting costs of a successful data breach.

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