What is the Market Size of Cyber Situational Market?
The global cyber situational awareness market size was valued at USD 31,431 Million in 2019, is projected to reach USD 152,656 Million by 2027, registering a CAGR of 22.6% from 2020 to 2027
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2. What is the COVID-19 Pandemic on Cyber Situational Awareness Market?
Post COVID-19, size of the cyber situational awareness market is estimated to grow from USD 36,580 Million in 2020 and projected to reach USD 152,656 Million by 2027, at a CAGR of 22.6%. The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. COVID-19 pandemic has bought a positive impact on the cyber situational awareness market, achieving a growth rate of 5-10% in the year 2020.
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3. What are the segmentation available on Cyber Situational Awareness Market?
By Component
Solution
Services
By Solution Type
Network Forensics
Network Traffic Analysis
DNS Threat Analysis
Network Detection & Response
Network Performance Monitoring & Diagnosis
Intrusion Detection System
Intrusion Prevention System
Others
By Deployment Type
On Premise
Cloud
By Organization Size
Large Enterprise
Small & Medium Enterprise
By Industry Vertical
Military & Defense
Healthcare
Aerospace
Marine Security
Automotive
Mining and Oil & Gas
IT & Telecom
Government Agencies
BFSI
Energy and Utilities
Others
4. What are the fastest growing segments on Cyber situational awareness Market?
Service segment is projected as one of the most lucrative segments.
Healthcare is projected as one of the most lucrative segments.
5. Cyber situational awareness Market Growth by regional?
North America dominated the cyber situational awareness market, owing to various factors such as businesses in North America are continuously under the threat of cyber-attacks and data security issues. BFSI is the most targeted sector by hackers for data breaches. In recent past, hackers have targeted the energy & utility sector, owing to which the industry faced frequent attacks. In such scenarios, organizations need effective systems for proactive monitoring of their networks to protect their environment from frequent attacks from hackers and other entities. Moreover, within the region, threat of security breaches has become extremely common. Instances of targeted attacks commonly known as advanced persistent threats (APT), which are increasingly used to gain access to proprietary and confidential enterprise data, are on the rise. This, in turn, increases adoption of cyber situational awareness solutions. However, Asia-Pacific is expected to observe highest growth rate during the forecast period, as proliferation of mobile phones, social media, and gaming apps is progressively on the rise, which propels growth of the cyber situational awareness market across Asia-Pacific.
According to a recent report by Nasscom-Data Security Council of India, the Indian cybersecurity services industry is expected to grow to USD 7.6 Billion in 2022, and register an average annual growth rate of 21% by 2025 to reach USD 13.6 Billion. In terms of economic impact, there has been a positive growth on the cyber situational awareness market, for instance Israel’s cybersecurity startups have jumped to the challenge and posted a 70% growth in funding for 2020, raising a record USD 2.9 Billion in 100 transactions. Exports of cybersecurity products from Israel in 2020 was USD 6.85 Billion, up from USD 6.5 Billion in 2019. Five cybersecurity firms, namely, Snyk, SentinalOne, Cato Networks, Forter and BigID achieved significant growth.
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6. What are the major companies available in Cyber situational awareness market?
IBM Corporation
Verint
Palantir Technologies
SAS Institute Inc.
Cyware
Honeywell
Firemon LLC
MarkLogic Corporation.
Darktrace
Paolo Alto Network
