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Prescriptive Security Market is Expected to Grow at a CAGR of 5.2% During 2022-2031 | SAS Institute Inc., SAP ERP, Splunk Inc

05-18-2023 04:43 PM CET | Media & Telecommunications

Press release from: Global Insight Services

Prescriptive Security Market is Expected to Grow at a CAGR of 5.2%

The global prescriptive security market was valued at USD 53.2 Billion in 2021 and it is anticipated to grow up to USD 88.3 Billion by 2031, at a CAGR of 5.2% during the forecast period.

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Prescriptive security is a security model that defines a set of security controls and procedures that should be implemented in order to protect an organization's assets. The model is based on the assumption that there is a finite set of security risks that can be mitigated through the implementation of specific security controls. The prescriptive security model has been criticized for being too rigid and inflexible, as it does not take into account the constantly changing nature of security threats. Additionally, the model does not account for the fact that different organizations have different security needs. As a result, the prescriptive security model is not always applicable to all organizations.

Read more about Prescriptive Security Market here: https://www.globalinsightservices.com/reports/prescriptive-security-market/

Market Trends and Drivers

The rising security complexity in the emerging digital age is expected to boost the usage of such safety solutions. Furthermore, institutions on a global level have initiated large spending on preventive measures like prescriptive security to reduce the impact of cyber threats in severe cases. For instance, as per the IT governance of the UK, the annual costs of business organizations incurring losses by cybercrimes are anticipated to reach over USD 6 trillion by 2021. Thus, organizations have opted for security solutions for addressable cybersecurity concerns.

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Global Prescriptive Security Market Segmentation

By Deployment

Hosted
On-premises

By Application

Incident Detection
Pattern Recognition
Surveillance

By End-user

Public Transport Security
Critical Infrastructure Security
Border Control
Others

By Region

North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of World
Latin America
Middle East
Africa

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Key Players

ATOS
Cisco System Inc.
ESRI
Hexagon
IBM
NEC Corporation
Nice Systems Ltd.
SAS Institute Inc.
SAP ERP,
Splunk Inc.

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/

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Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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