Proactive Security Market Revenues to expand 41.77 billion USD by 2023

[174 Pages Report] Proactive security market size, analysis, trends, & forecasts. The global market for proactive security categorized by solution, service, organization size, industry vertical & region.

Posted on 2019-12-05 by MarketsandMarkets in Technology // 0 Comments

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The report “Proactive Security Market by Solution (Risk and Vulnerability Management, AMP, Security Analytics, Security Monitoring, Security Orchestration, and Attack Simulation), Service, Organization Size, Industry Vertical, and Region – Global Forecast to 2023″, The proactive security market size is expected to grow from USD 20.66 billion in 2018 to USD 41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. Strategic shift toward proactive security due to increasing sophistication in attacking techniques, rising need to manage stringent regulations and compliances, and increasing adoption of IoT, smart mobile devices, and bring-your-own-device (BYOD) trends are encouraging organizations to deploy proactive security solutions.

Browse 71 market data Tables and 44 Figures spread through 174 Pages and in-depth TOC on “Proactive Security Market by Solution (Risk and Vulnerability Management, AMP, Security Analytics, Security Monitoring, Security Orchestration, and Attack Simulation), Service, Organization Size, Industry Vertical, and Region – Global Forecast to 2023”

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The strategic shift toward proactive security due to increasing sophistication in attacking techniques across the globe is driving the proactive security market

The global proactive security market size is expected to grow from USD 20.66 billion in 2018 to USD 41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. The market is driven by strategic shift toward proactive security due to increasing sophistication in attacking techniques, rising need to manage stringent regulations and compliances, and rising adoption of IoT, smart mobile devices, and BYOD trends. However, budgetary constraints to deploy proactive cybersecurity solutions may restrain the proactive security market growth.

The risk and vulnerability management solution is expected to hold the largest market size in the proactive security market.

The risk and vulnerability management solution is estimated to hold the largest market share in 2018. Risk and vulnerability management helps enterprises identify the existing cybersecurity posture of their information systems and infrastructure. Various assessments are carried out to provide recommendations to organizations for bringing about improvements in their cybersecurity strategies, enabling them to reach their security goal, handle vulnerabilities, and mitigate risks. The risk and vulnerability management segment has witnessed a tremendous growth in the recent years, due to its features that provide direction to assess risks associated with security weaknesses and the evolving threats. This process provides organizations with a better understanding of assets, security flaws, and overall risks, reducing the possibility that a cybercriminal would breach their systems and catch the business off guard.

North America is expected to have the largest market size during the forecast period.

Due to the presence of a large number of proactive security vendors, North America is expected to have the largest market size in the global proactive security market, whereas Asia Pacific (APAC) is expected to be the fastest-growing region during the forecast period. The increasing need for security against increasing cyber-attacks, and rise in the number of smartphone users are driving the adoption of proactive security solutions across the globe. Furthermore, the proactive security market in Middle East and Africa (MEA) and Latin America is expected to grow, due to the increasing usage of cloud computing, expanding retail and banking sectors, and rising importance of regulatory compliances.

Major vendors in the proactive security market include IBM (US), Symantec (US), McAfee (US), FireEye (US), Cisco (US), Palo Alto Networks (US), FireMon (US), LogRhythm (US), CyberSponse (US), RSA Security (US), Rapid7 (US), Demisto (US), ThreatConnect (US), Phantom (US), Securonix (US), Corvil (Ireland), Qualys (US), Siemplify (US), Skybox Security (US), Centrify (US), Oracle (US), Swimlane (US), AlienVault (US), Trustwave (US), and Aricent (US).

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