Venture Capital
Andrea Alms Video: Money In Motion 26 - The Data Security Market
October 2022 - Venture Capital
TRANSCRIPT:
Hello. My name is Andrea Alms. I am a technology investor and financial manager and this is your money in motion. I was asked about data security. The average cost of data breach is 4.4 million. This is a growth of 2.6 compared to 2021 of the top countries. The U.S. average cost of data breach is 9.4 million. What is data security? It is the practice of safeguarding digital information. The data security market is set to grow by 2.5 billion during 2021 to 2025, and an estimated compound average growth rate of 14%. Another report cites 17 billion is set to grow to 35 billion from 2020 226 at an estimated compound average growth rate of 12%. Based on the cardinal analysis here, Orange S.A., which is formerly France Telecom, Broadcom and IBM, are the major players. Yet there are still key innovators. Companies such as Informatics Force Point, NetApp. Multibillion dollar market with double digit growth. Let us keep an eye on the digital security market. Thank you. This is your money. Your money in motion.