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With digitization sweeping across various industries, the need for cybersecurity has grown significantly. With data now being considered the new oil, it has become increasingly important for enterprises to spend on cybersecurity to protect their data from breaches. According to a Research and Markets report, the global cybersecurity market is expected to grow at a 9.7% CAGR to $345.40 billion by 2026.
Given this backdrop, we think it could be wise to buy the dip in quality cybersecurity stocks NortonLifeLock Inc. (NLOK), Qualys, Inc. (QLYS), and Radware Ltd. (RDWR), given their impressive growth potential.
