Amid sharply falling public markets and spiraling panic around the rapid proliferation of the coronavirus (a.k.a. Covid-19), the cybersecurity industry seems to be well poised for sustainable growth despite some foreseeable turbulence.
Publicly traded security companies and some specific niches will unescapably suffer in a short term, however, private cybersecurity companies and later-stage startups with sufficient reserves of cash may rapidly gain new clients and markets. That is not to say that the industry will enjoy an absolute and everlasting success but, contrasted to other sectors of the economy, will be in a comparatively good shape.
Let’s have a look at the five underpinning reasons for a bright future in the cybersecurity industry among the coronavirus havoc:
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