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Surge in Cyber Attacks Propel the Global Cyber Situational Awareness Market: In-depth Insights on Market Size, Growth Rate, Key Players and Trends
Global Cyber Situational Awareness Market
What Is The Projected Market Size Of The Global Cyber Situational Awareness Market And Its Growth Rate?
The cyber situational awareness market has witnessed an exponential growth in recent years and is expected to continue the same trend in the ensuing years.
• The market size is projected to grow from $81.44 billion in 2024 to $98.7 billion in 2025 at a compound annual growth rate (CAGR) of 21.2%.
• The cyber situational awareness market size is also expected to surge to $237.55 billion in 2029 at a compound annual growth rate (CAGR) of 24.6%.
What Is Driving The Growth In The Cyber Situational Awareness Market?
The rise in cyber attacks and online fraudulent activities is a significant driver for the cyber situational awareness market. Cyberattacks often target companies that lack customer protection and corporate cyber situational awareness, thereby necessitating robust identity solutions and investments in identity verification systems. For instance, the Australian Cyber Security Centre reported a 13% increase in cybercrime reports in 2022, driving firms to invest more in cyber situational awareness.
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Who Are the Key Players Driving Cyber Situational Awareness Market Growth?
Key players in the cyber situational awareness market include:
• International Business Machines Corporation
• Verint Systems Inc.
• Marklogic Corporation
• Firemon LLC
• Honeywell International Inc.
• DXC Technology Co.
• Microsoft Corporation
• Field Effect Software Inc.
• Cyware Labs India Pvt. Ltd.
What Are The Key Trends In The Cyber Situational Awareness Market?
Key trends in the cyber situational awareness market include:
• Digital transformation
• Increasing complexity of networks
• Introduction of cloud solutions
• Enhancements in threat intelligence
What Are The Segments Of The Global Cyber Situational Awareness Market?
Segments of the cyber situational awareness market include:
• Type: Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection And Response, Others
• Component: Solution, Services
• Deployment Type: On Premise, Cloud
• Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
• Industry Vertical: BFSI, Military And Defense, Healthcare, Aerospace, Various Others
Which Region Leads The Cyber Situational Awareness Market?
North America emerged as the largest market for cyber situational awareness in 2024. The market is also diversified across various other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa all of which contribute significantly to the growth of the cyber situational awareness market.
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What Is Covered In The Cyber Situational Awareness Market Global Market Report?
- Market Size Analysis: Analyze the Cyber Situational Awareness Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cyber Situational Awareness Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cyber Situational Awareness Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cyber Situational Awareness Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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