Cision: The global cybersecurity market was valued at USD 118.78 billion in 2018, and is expected to reach USD 267.73 billion by 2024, registering a CAGR of 14.5%, during the period of 2019-2024. The rise in trend for IoT, BYOD, AI and machine learning in cybersecurity is increasing. For instance, machine learning provides advantages in outlier detection, much to the benefit of cybersecurity. Machines can handle billions of security events in a single day, providing clarity around a system's activity and flagging anything unusual for human review.