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The penetration tools and deepfakes in cyberattacks and data breaches to gain access to sensitive user data and networks have been heightening the demand for advanced and cost-efficient cybersecurity solutions from governments and enterprises worldwide.
Investor interest in this space is evident in the Global X Cybersecurity ETF’s (BUG) 13% gains versus the SPDR S&P 500 Trust ETF’s (SPY) 7.1% returns over the past month. The global cybersecurity market is expected to grow at a 12% CAGR to $366.10 billion by 2028. So, both RPD and QLYS should benefit.
