Cybersecurity has plenty of investment appeal (Updated)
Growing cybersecurity concerns could equate to investment opportunities for long-term investors and the subscription-based business models of cybersecurity firms look appealing. Read on here for our thoughts on this growing sector and some of the key listed players, including a high quality performer.
Cybercrime is likely to become increasingly prevalent as consumers spend a growing amount of time online. From internet browsing to social media, and from smart home devices to identity theft, companies that protect consumers and businesses from cybercriminals are likely to offer significant investment opportunities. The high revenue visibility and large amount of recurring revenue offered by many cybersecurity firms further increases their appeal. While Covid-19 may mean there might be short term risks, the long-term investment prospects look extremely attractive. Growth potential within the cybersecurity marketThe global cybersecurity market has delivered strong growth in recent years. Between 2015 and 2019 it…