Friday, December 21, 2018

Cyberfort Software, Inc. (CYBF) Competing in $153 Billion Global Cyber Security Market, Projected to Reach $248 Billion by 2023

  • CYBF is selling in a fast-growth market and is seen by Zacks as well-positioned in an environment of higher IT spending aggravated by growing levels of cybercrime, with North America representing the biggest spender
  • Cyberfort intends to uplist to the OTCQB Venture Market in 1Q2019; it’s currently fulfilling the requirements of the move, including the annual verification and management certification
  • CYBF specializes in cyber security technology, ensuring the privacy and security of end users and organizations, with content filtering and ad blocking offered as added features by the company
Cyberfort Software, Inc. (OTC: CYBF) is competing in the high-growth cyber security industry, which is seen by analysts as having a bright future. Research firm Markets and Markets predicts that the cyber security market will reach $248 billion by 2023 from 2018’s $153 billion, representing a CAGR of 10.2 percent from 2018-2013 (http://nnw.fm/FM6Zd).
Based in San Francisco, CYBF specializes in the development and acquisition of cyber security software, content filtering and ad blocking technology. The company is seeking to grow its IP portfolio of cyber security firms; in 2016, it purchased Vivio, an iOS 10 ad blocking app which currently has some 10,000 users (http://nnw.fm/Ee8yU). That app also offers malware detection filters, technology to reduce data usage and an ad blocking tracker. Cyberfort’s goal is to become the leader in protective software that keeps the internet safe for businesses and families.
The Markets and Markets report, ‘Cybersecurity Market — Global Forecast To 2023’, finds that the health care industry vertical is expected to show the highest CAGR from 2018-2023 due to its need to protect digital medical data and digital medical devices, which are prone to advanced threats. Applications are also seen as significant for the government, banking, financial services and insurance industries.
The report also finds that North America is the single largest market globally for cyber security spending in 2018 because of technological advancements and the early adoption of cyber security solutions in the region. However, the Asia/Pacific market is expected to record the highest CAGR from 2018-2023, due to strict privacy directives and huge opportunities, especially in China and India.
The Zacks Consensus Estimate in the industry for earnings and revenues was exceeded by the performance of most tracked companies in this market, which also offered “robust guidance,” the research company said (http://nnw.fm/5BOzU).
For more information, visit the company’s website at www.CyberfortSoftware.com
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