Proactive Security Industry by Type, Size, Growth and Forecast – 2027
Posted by mahavir mete on April 30th, 2021
Proactive security refers to the solutions used by the different organizations to monitor the security threats, manage the potential security vulnerabilities, and maximize their overall security infrastructure. The increase in the number of security breaches and cyberattacks in recent years is increasing the need for proactive security solutions by various organizations. Moreover, in order to meet compliance requirements, organizations are increasingly becoming dependent on proactive security solutions. The solution enables organizations to protect and secure their vital information against potential data breaches.
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The demand for proactive security is especially high among small and medium-sized enterprises owing to their increased vulnerability to the external and internal data breaches. The availability of proactive security solutions that are backed by security analytics, security orchestration management, AMP, security monitoring, and attack simulation is expected to further accelerate the growth of the global market. Moreover, the increase in the use of smart mobile devices and IoT devices will enhance the demand for proactive security solutions even more.
The Proactive Security Industry is expected to grow by a CAGR of 16.4% during the forecast period, and the market has the potential of becoming USD 43.4 billion worth by the year 2024. However, the high cost involved with the advanced proactive security solution is likely to hamper the growth of the global market in the coming years. The increase in the adoption of cloud-based technologies and the rising trend of digital transformation will pave the way for the growth of the global market of proactive security.
The market of proactive security is segmented on organization size, vertical, component, and region.
On the basis of organization size, the global Proactive Security Industry is bifurcated into small and medium-sized enterprises (SMEs) and large enterprises. The segment of large enterprises occupies a larger share in the market.
Based on vertical, the global market of proactive security is divided into banking, financial services, and insurance (BFSI), retail and e-commerce, IT and communication, government and defense, energy and utility, manufacturing, healthcare, and life science, and others.
By component, the Proactive Security Industry is classified into service and solution. The service segment is further categorized into managed services and professional services. The solution segment is divided into risk and vulnerability management, security analytics, security monitoring and orchestration, advanced malware protection, and attack simulation.
On the basis of region, the global Proactive Security Industry is segmented into Europe, Latin America, North America, the Middle East and Africa, and the Asia Pacific.
The Asia Pacific region is expected to be the fastest-growing region in the global market during the forecast period. The increase in the adoption rate of the cloud-based solutions and the adoption of proactive security solutions by small and medium-sized enterprises are the key drivers of the growth of the Proactive Security Industry in the Asia Pacific region. Europe is expected to be the second-largest region in the Proactive Security Industry.
In October 2019, ReliaQuest was all set to acquire Threatcare, which is an Austin-based company having proficiency in proactive cyber defense. The acquisition is expected to enhance the security programs for the customers of ReliaQuest by offering integrated threat simulations. The integrated threat simulations will validate the controls, contents, and enhance the workflows of enterprises.
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About the Authormahavir mete
Joined: April 27th, 2021
Articles Posted: 67
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