Thales and Cisco teamed up for Cyber Security solution

France: Thales Group, a global cyber security solution provider entered into the strategic partnership with Cisco, a leading global IT solution provider to develop a cyber security solution which would provide real time cyber threat detection as well as real time counter attack for the malicious content and cyber hacking.

The new solution aims to incorporates the relevant information on cyber threats such as virus, malicious content, hacking, etc. and would provide the client an optimal control of IT infrastructure security along with the health report of IT security of the organization.

The two companies would operate on an open innovation approach by bring the technology start-ups on board. The new solution development project would be operated from France.

The companies key objective is to develop this cyber security solution primarily for the France digital transformation infrastructure.

TechSci Research analyzes that the partnership would mark a new milestone in cybersecurity market worldwide. The developed solution would be a joint effort of two companies – Thales would provide its technological expertise along with its industrial knowledge and Cisco Systems expertise in digital transformation and cyber security would be utilized in developing the new solution.

A recent report published by TechSci Research, “Global Cyber Security Market By Security Type (Network Security, Content Security, etc.), By Solutions (Identity & Access Management, Risk & Compliance Management, etc.), By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted.