Market Research Future (MRFR), in its newly released research report, asserts that the global Proactive Security Market 2020 is flourishing and expected to grow significantly over the review period, recording a substantial market valuation and a healthy 16.4% CAGR in the forecast period.
Drivers and Restraints
The proliferation of IoT, smart mobile devices and developments such as BYOD has increased the number of connected devices in companies, resulting in the need for a proactive protection program to be in place. A more significant number of connected devices in the IT infrastructure contributes to vulnerabilities. And a growing number of businesses opt for proactive security solutions over-reactive security solutions. The growing number, as well as the variety of cyberattacks, urged the companies to adopt proactive safety solutions. Additional factor leading to proactive security industry growth is the growing need to comply with strict data protection regulations. However, during the forecast period, the budgetary constraints for implementing proactive cybersecurity solutions are expected to restrict the market growth. Growing adoption of cloud-based applications across verticals and the rising pattern of corporate digital transformation provide lucrative opportunities for crucial proactive security providers in the global marketplace. A small number of trained cybersecurity professionals are facing a challenge on the market.
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The global market for proactive security has been analyzed on the basis of component, organization size, and vertical.
Based on the component, the global proactive security market has been divided into solutions and services. The solutions segment has been segmented into security monitoring and orchestration, risk and vulnerability management, security analytics, attack simulation, and advanced malware protection. The services segment has been bifurcated as professional services and managed services.
Based on organization size, the proactive security market has been bifurcated into small- and medium-sized enterprises (SME) and large enterprises.
Based on vertical, the global proactive security market has been segmented into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, retail and e-commerce, government and defense, manufacturing, energy and utilities, and others.
The geographical overview of the global market has been conducted in four major regions, including North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
However, during the forecast period, the budgetary constraints for implementing proactive cybersecurity solutions are expected to restrict the market growth. Growing adoption of cloud-based applications across verticals and the rising pattern of corporate digital transformation provide lucrative opportunities for crucial proactive security providers in the global marketplace. A small number of trained cybersecurity professionals are facing a challenge on the market.
Europe is projected to be the second-largest market during the analysis period due to the growing need for businesses to protect data confidentiality and comply with strict regulations. In the forecast period, Asia-Pacific is projected to be the fastest-growing region in the global proactive protection sector. The upsurge in the adoption of proactive security services among small and medium-sized enterprises and the growing adoption of cloud-based security solutions are critical drivers for the growth of the Asia-Pacific proactive safety market.
The significant market players operating in the global market as identified by MRFR are IBM Corporation (US), Altran (France), Corvil (Ireland) Cisco Systems Inc. (US), Palo Alto Networks, Inc. (the US), Securonix, Inc. (the US), LogRhythm, Inc. (the Netherlands), Rapid7 ( US), Symantec Corporation (US), FireEye, Inc. (the US), McAfee, LLC (US), Oracle Corporation (US), CyArx Technologies LTD (US), ATT (US), and FUJITSU (Japan). The key schemes implemented by most of the players are agreements, partnerships, and collaborations.
The other players in the proactive security market are Trustwave Holdings, Inc. (US), Skybox Security, Inc. (the US), Swimlane LLC. (US), Splunk Inc. (US), Centrify Corporation (US), ThreatConnect Inc. (US), RSA Security LLC. (US), FireMon, LLC. (US), DEMISTO (US), CyberSponse, Inc. (US), Qualys, Inc. (the US), and others.
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