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Increase in Phishing Threats among Organizations Has Created a Lot of Opportunities for the Cyber Security Industry

The cybersecurity sector is experiencing a growing demand due to the rise of BYOD and integration of IoT, AI, and machine learning into various projects. Key cybersecurity clusters include Israel, San Francisco Bay Area, and Metropolitan Washington, DC. There is a lack of skilled cybersecurity professionals, especially in the Middle-East, Europe, and Asia-Pacific, leading to an increase in demand for cloud-based cybersecurity solutions and strong authentication processes. The COVID-19 pandemic and the advent of 5G technology have also positively impacted the market, which is expected to grow significantly from 2021 to 2030.

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