The increased incidence of cyber attacks and mobile device usage is driving this market. As such, the growing awareness of security breaches and its impact have led to increased IT spending in 95% of organizations, according to ResearchAndMarkets. This sector is not expected to slow down anytime soon because as digitalization grows increasingly popular, so does the threats. Hence, companies are always seeking ways to ensure data and information are safe.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants