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Rising sophistication of cyber attacks drives growth of cloud security market: Report

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A report by U.S.-based market research firm Hexa Research said that rising sophistication of cyber attacks and increasing use of cloud services for data storage are the main growth drivers of the global cloud security market, TechRepublic reported. Businesses are increasingly transferring their data to cloud servers due to flexibility and cost savings, the report said. Demand for cybersecurity solutions has been on the rise in government agencies, healthcare organizations, e-commerce, insurance, and banking industries, the report said.

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