PORTLAND, Oregon and PUNE, India, November 15, 2016 /PRNewswire/ -- A new report published by Allied Market Research, titled, " Cyber SecurityMarketbySolution, Services, Deployment Type, User Type, Industry Verticals -Global Opportunity Analysis and Industry Forecast, 2014 -2022," forecasts that the global cyber security market is expected to garner $198 billion by 2022, registering a CAGR of 15.5% from 2016 to 2022. The BFSI and public sector is expected to dominate the global cyber security market. In the year 2015, North America was the leading contributor to the global revenue, and Asia-Pacific is projected to be dominant by 2022. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of theCyber Security Market Report can be accessed on the website at:https://www.alliedmarketresearch.com/cyber-security-market Rise in malware and phishing threats across various industries such as BFSI, retail, healthcare, and energy & utilities is expected to foster the adoption of cyber security solutions. In addition, increase in adoption of enterprise mobility and growth in proliferation of mobile devices are anticipated to drive the market growth, as this concept enables employees to access corporate information from devices. This in turn gives rise to several concerns that organizations need to comply along with its data protection responsibilities. However, budget constraints among organizations and lack of security awareness initiatives among enterprises, especially SMEs restrict the market growth. Innovative developments in technologies such as implementation of firewalls, Unified Threat Management (UTM), and social media control through cloud-based platform are expected to provide numerous opportunities for the growth and development of cyber security market.