Prescriptive Security Market is booming worldwide | ATOS, Cisco Systems Inc, ESRI, Hexagon, IBM

Global Prescriptive Security Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.40% over the forecast period 2021-2027. Prescriptive security, in simple terms, is a fusion of technologies and processes designed to reduce the time and effort needed to detect and respond effectively to cybersecurity threats and incidents. A critical aspect of prescriptive security is its use in automation and artificial intelligence technologies. The increasing growth in the BFSI sector, increase in safety concerns and security threats, and growing investments in cybersecurity have led to the adoption of prescriptive security across the forecast period. An increase in safety concerns and security threats among the nation due there disputes increases the cyberwar. For instance, as per cybercrime magazine, the 2019 U.S. President’s budget included $15 billion for cybersecurity, a $583.4 million (4.1 percent) increase over 2018, and U.S. federal government will increase expenditure from $10.9 billion in FY 2018 to over $14.1 billion in FY 2023. However, costly implementation and government regulations impede the growth of the market over the forecast period of 2021-2027.

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Global Prescriptive Security Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the technological advancements and high investment in research and development activities in this region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising cyber threats and territorial disputes between nations would create profitable growth prospects for the Prescriptive Security Market across the Asia-Pacific region.

Major market players included in this report are:
ATOS
Cisco Systems Inc
ESRI
Hexagon
IBM
NEC Corporation
Nice Systems Ltd.
SAS Institute Inc
SAP ERP
Splunk

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Hosted
On Premise
Others

By Application:
Incident Detection
Pattern Recognition
Surveillance

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