According to the latest report by IMARC Group, titled “Adaptive Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global adaptive security market size reached US$ 7.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2027, exhibiting a growth rate (CAGR) of 15.54% during 2022-2027.
A real-time security model called adaptive security depends on built-in intelligence tools to spot security lapses. It assists in monitoring and deriving insights, reducing the surface area for hackers, and decreasing the rate of cybersecurity attacks. Apart from this, it also aids in responding and reducing the remediation time and providing advanced counter threats. As a result, it is employed in the telecommunication, manufacturing, and banking, financial services, and insurance (BFSI) industries worldwide.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
At the moment, there is an increase in cybersecurity incidents and data thefts worldwide. This, in confluence with the increasing requirement for multi-layered security solutions, represents one of the key factors strengthening the growth of the market. Besides this, leading players are integrating connected devices with advanced technologies like the Internet of Things (IoT) and cloud-based ecosystems. This, along with significant developments in the information technology (IT) sector, is propelling the market growth.
Breakup by Component:
Service
Solution
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by Application:
Application Security
Network Security
End Point Security
Cloud Security
Others
Breakup by End User:
BFSI
Government and Defense
Manufacturing
Healthcare
Energy and Utilities
IT and Telecom
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Cisco Systems Inc
Cloudwick Technologies Inc
FireEye Inc
Hewlett Packard Enterprise Company
Illumio Inc
Juniper Networks Inc
Oracle Corporation
Rapid7 Inc
RSA Security LLC
Trend Micro Incorporated
WatchGuard Technologies Inc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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