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