In a crazy, rollercoaster stock market, cybersecurity offers investors a range of relatively stable opportunities, ranging from billion-dollar companies competing for market-share to new companies providing novel innovation, according to new research.
A 90-page report from investment analysts PitchBook estimates the cybersecurity industry as a $121.3 billion market (based on overall annual sales), projected to rise to $160 billion by 2023. Investors say there is great promise in key market segments that protect remote workers, help businesses with data compliance regulation, and protect Internet of Things devices.