Why Now is the Time To Invest in Cyber Security cardvillanet, cvv-storecc

Let’s start with a basic assertion; the global cybersecurity market represents one of the fastest growing technology markets in the world.
This sector was valued at $156.5 billion in 2019, and prior to this year was forecast to expand at a compound annual growth rate (CAGR) of 10% between 2020 and 2027.
Interestingly cybersecurity is also one of the markets that has actually grown further during the coronavirus pandemic, creating a unique opportunity to invest in the space. We’ll explore this further in the post below.
The Covid-19 outbreak has had a huge impact across the globe, with more than 29 million cases and 936,000 deaths reported as of September 16th.
While this has damaged and indeed decimated some industries, it has also created unique opportunities for growth in others and, by association, the cybersecurity space.
During national and international lockdowns, for example, households have been required to spend growing amounts online. Of course, this was a trend that was already prevalent in the western world, with the global ecommerce market worth an estimated $3.5 trillion last year .
This growth has actually been accelerated during the coronavirus pandemic, however, with the rate of ecommerce sales as part of total retail transactions increasing by a whopping 19% during 2020 .
As sites have looked to expand online and sell more to customers through this medium, the demand for increased cybersecurity solutions has grown simultaneously.
This trend shows no real sign of abating any time soon either, particularly with infection numbers rising across the global and local lockdowns coming into force throughout the world.
The numbers behind this trend are striking, with 80% of companies having reported an increase in attempted cyberattacks in 2020 as online sales have soared.
More specifically, phishing attacks have surged by 600% since February alone, while cloud-based attacks also increased by 630% in the first four months of the year .
This has had a direct impact on certain cyber stocks, with Cloudflare and CrowdStrike Holding unsurprisingly offering relevant examples. Both stocks offer huge potential as investment opportunities at present, with the former having seen its share value soar by 130% in 2020 so far and now boasting a market capitalisation of approximately $12 billion.
It has also never been easier to target cybersecurity stocks in the digital age, with online trading platforms offering real-time access to a wide range of markets and asset classes from across the globe.
With this in mind, now may be the ideal time to invest in cybersecurity stocks, particularly as share prices continue to rise and become increasingly prohibitive.
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