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Cyber Situational Awareness Market is ready for its next Big Move | Cyware, Darktrace, and Firemon LLC, Honeywell technologies, IBM Corporation

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Cyber Situational Awareness Market is ready for its next Big Move | Cyware, Darktrace, and Firemon LLC, Honeywell technologies, IBM Corporation

June 09
14:22 2021
Cyber Situational Awareness Market is ready for its next Big Move | Cyware, Darktrace, and Firemon LLC, Honeywell technologies, IBM Corporation

Cyber Situational Awareness Market
Cyber Situational Awareness Market by Component (Solution and Services), Solution Type (Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection & Response, Network Performance Monitoring & Diagnosis, Intrusion Detection System, Intrusion Prevention System, and Others), Deployment Model (On Premise and Cloud), Organization size.

Cyber Situational Awareness Market: 

Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Cyber Situational Awareness market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Cyber Situational Awareness market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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“Cyber situational awareness market by component, solution type, deployment type, organization size, industry verticals, and region: opportunity analysis and industry forecast, 2020-2027,” the global cyber situational awareness market size was valued at $31,431 million in 2019, and is projected to reach $152,656 million by 2027, registering a CAGR of 22.6% from 2020 to 2027.

 

Digital technologies have gained an immense space within every aspect of day to day routine starting from simple mobile devices used for communication to complex software and electronics adopted in high security based applications. For instance, one of the recent technologies, termed as “edge computing,” has gained a huge traction within the commercial sector as it reduces the overall latency in acquiring data from respective servers. Furthermore, edge computing is also estimated to increase the demand for various parallel technologies such as Internet of Things (IoT) and cloud computing. By 2022, the global edge computing market is expected to reach $16.5 billion.

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Thus, in a simplified manner, it is clear that digital technologies have turned out to be a key factor within the era, which leads to higher efficiency and optimized cost within the business model. Though digital technologies have raised the standard of every phase within day-to-day routines, it has led to rise in associated risks, which has increased the gap of losses occurred within it. As per the statistics by McAfee, cybercrime incidents now cost the world economy more than $1 trillion in 2019 or just more than 1 % of global GDP. In 2019, the Interstate Technology and Regulatory Council (ITRC) reported that hacking was the most used method of breaching data, with 577 data breaches resulting in 15.3 million records exposed. This form of breach includes intrusion methods such as phishing, ransomwares & malware, and skimming. Thus, as this trend is on the rise, with emerging technologies, significance of cyber situational awareness market is also on rise, which creates a strong fundamental base for the cyber situational awareness market growth.

 

In 2019, the global cyber situational awareness market share was dominated by the solution segment, and is expected to maintain its dominance in the upcoming years as solutions also help in prioritizing resources to focus on critical challenges/issues or changes that can impact an organization, geography, and technology negatively, with real-time insights. It also provides strategic view by analyzing incidents to identify threats, recognize trends in their activities, and malicious objectives to offer strategic understanding of events or situations in cyberspace, so that operational teams can take actions quickly. However, the services segment is expected to witness highest growth, owing to reduce time and costs associated with optimization of systems in the initial phase of deployment. As services help to deploy and integrate distinct IT solutions in an enterprise ecosystem, they work as an important part of an organization. There has been an increase in adoption of services among end users over time, as it ensures effective functioning of software and platforms throughout the process. Increase in adoption of these software and platforms is expected to boost demand for these services.

 

By solution type, the network forensics segment dominated the market in 2019, and is expected to maintain its dominance in the upcoming years. Cloud networks have gained a rapid traction within both private and public industries. Though this scenario poses major advantages, in terms of system efficiency and cost, but risk of cyber threats has also increased, which creates an immense demand for analyzing network infrastructure and monitoring its respective issues. One of the major issues within the current conditions is rapid increase in DDoS (Distributed Denial of Services) attacks. DDoS attacks have been steadily increasing in frequency over past few years, and third quarter of 2020 witnessed around 50% increase compared to 2019. When the coronavirus pandemic forced online working, attacks witnessed a huge spike. Thus, all these scenarios have mandated the need for effective cyber situational awareness systems.

 

The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has high impact on growth of the cyber situational awareness market. Social distancing and quarantine mandates have led the adoption of work from home policy, which has boosted the adoption of digital and cloud systems, creating a wide open scenario for the cyber threats. As the landscape is rapidly shifting in the wake of the COVID-19 pandemic, information security teams are facing with issues in security, owing majority of virtual workforce and increased attacks. For instance, Health Insurance Portability and Accountability Act (HIPAA) security rule within the healthcare sector has experienced major relaxation. The relaxed enforcement focuses specifically on telehealth as it relates to using potentially less secure video conferencing tools to communicate with potentially infected patients. With such scenario, there is always a continuous need for surveillance and real-time risk analysis for breaches at both physical and digital entry points. Thus, with growth in number of cyber-attacks, 70 % organizations are increasing their investments in cyber security solutions.

 

Key Findings Of The Study

By component, in 2019 the solution segment dominated the cyber situational awareness market. However, the services segment is expected to exhibit significant growth during the forecast period.

Depending on solution type, the network forensic generated the highest revenue in 2019. However, the intrusion detection system segment is expected to witness highest growth rate in the future.

On the basis of deployment type, the local (on-premise) segment accounted for the highest revenue in 2019, however, the hybrid segment is expected to witness highest growth rate during the forecast period.

On the basis of industry verticals, the BFSI sector accounted for the highest revenue in 2019, however, the healthcare segment is expected to witness highest growth rate during the forecast period.

Region wise, the cyber situational awareness industry was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Some of the key players profiled in the report include Cyware, Darktrace, and Firemon LLC, Honeywell technologies, IBM Corporation, MarkLogic Corporation, Palo Alto Networks, SAS and Verint systems. This study includes cyber situational awareness market trends, cyber situational awareness market analysis, and future estimations to determine imminent investment pockets.

 

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

 

The study objectives of this report are:

  • To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
  • To understand the structure of market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

 

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Cyber Situational Awareness Market Report:

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION

1.2.KEY BENEFITS FOR STAKEHOLDERS

1.3.KEY MARKET SEGMENTS

1.3.1.Key market players

1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research

1.4.2.Primary research

1.4.3.Analyst tools & models

 

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors

2.1.2.Top investment pockets

 

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE

3.2.KEY FORCES SHAPING THE CYBER SITUATIONAL AWARENESS STORAGE MARKET

3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Rise in  level of cyberimes, coupled with higher economic losses

3.3.1.2.Growth in demand for IoT and BYOD devices within the industry

3.3.1.3.Rapid increase ine elecronic data

3.3.2.Restraints

3.3.2.1.Growth in unwillingness  to share sensitive data

3.3.3.Opportunities

3.3.3.1.E-Commerce to be a game changer for cyber situational awarness

3.4.IMPACT OF KEY REGULATIONS

3.5.ANALYSIS ON ADOPTION OF NETWORK BEHAVIOR ANOMALY DETECTION AND NETWORK FORENSIC SOLUTIONS IN IOT DEVICES AND ICT

3.6.VALUE CHAIN ANALYSIS

3.7.COVID-19 IMPACT ANALYSIS ON THE CYBER SITUATIONAL AWARENESS MARKET

3.7.1.Impact on market size

3.7.2.Consumer trends, preferences, and budget impact

3.7.3.Economic impact

3.7.4.Key player strategies to tackle negative impact

3.7.5.Opportunity window

 

CHAPTER 4:CYBER SITUATIONAL AWARENESS STORAGE MARKET, BY COMPONENT

4.1.OVERVIEW

4.2.SOLUTION

4.2.1.Key market trends, growth factors, and opportunities

4.2.2.Market size and forecast, by region

4.2.3.Market analysis, by country

4.3.SERVICES

4.3.1.Key market trends, growth factors, and opportunities

4.3.2.Market size and forecast, by region

4.3.3.Market analysis, by country

 

CHAPTER 5:CYBER SITUATIONAL AWARENESS STORAGE MARKET, BY SOLUTION TYPE

5.1.OVERVIEW

5.2.NETWORK FORENSICS

5.2.1.Key market trends, growth factors, and opportunities

5.2.2.Market size and forecast, by region

5.2.3.Market analysis, by country

CHAPTER 11:COMPANY PROFILE

11.1.CYWARE.

 

11.1.1.Company overview

11.1.2.Key executive

11.1.3.Company snapshot

11.1.4.Operating business segments

11.1.5.Product portfolio

11.1.6.Business performance

11.1.7.Key Strategic Move(s)s and developments

……..and view more in complete table of Contents

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