Press release
Cyber Situational Awareness Market Size Projected To Reach $237.55 Billion By 2034 With A Cagr Of 24.6%
Cyber Situational Awareness
What Is the Projected Growth of the Cyber Situational Awareness Market?
In recent years, the size of the cyber situational awareness market has experienced a significant surge. Its growth is projected to elevate from $81.44 billion in 2024 to around $98.7 billion in 2025, marking a compound annual growth rate (CAGR) of 21.2%. Factors contributing to this historical growth include incidents of data breaches, regulatory mandates, industry-wide digitalization, vulnerabilities in the supply chain, and a lack of requisite cybersecurity skills.
In the coming years, the market size of cyber situational awareness is anticipated to experience substantial expansion. The prediction is that it will increase to $237.55 billion by 2029, alongside a compound annual growth rate (CAGR) of 24.6%. The expansion anticipated in the forecast period can be attributed to various factors including an increase in cyber attacks, changes in regulations, a heightened focus on cloud security, and growing concerns over IoT and IT security. Significant trends for the forecast period involve digital transformation, network complexity, the introduction of cloud solutions, and improvements in threat intelligence.
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What Are the Different Cyber Situational Awareness Market Segments?
The cyber situational awareness market covered in this report is segmented -
1) By Type: Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection And Response, Network Performance Monitoring And Diagnosis, Intrusion Detection System, Intrusion Prevention System, Other Types
2) By Component: Solution, Services
3) By Deployment Type: On Premise, Cloud
4) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
5) By Industry Vertical: BFSI, Military And Defense, Healthcare, Aerospace, Marine Security, Automotive, Mining And Oil And Gas, IT And Telecom, Government Agencies
Subsegments:
1) By Network Forensics: Packet Capture And Analysis, Data Recovery And Reconstruction
2) By Network Traffic Analysis: Flow Analysis, Anomaly Detection
3) By DNS Threat Analysis: DNS Query Monitoring, DNS Spoofing Detection
4) By Network Detection And Response: Real-Time Monitoring, Automated Response Mechanisms
5) By Network Performance Monitoring And Diagnosis: Performance Metrics Analysis, Troubleshooting Tools
6) By Intrusion Detection System (IDS): Signature-Based IDS, Anomaly-Based IDS
7) By Intrusion Prevention System (IPS): Network-Based IPS, Host-Based IPS
8) By Other Types: Threat Intelligence Platforms, Vulnerability Management Solutions
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What Are the Primary Drivers Shaping the Cyber Situational Awareness Market?
The rise in cyberattacks and online fraud activities underlines the need for the cyber situational awareness market. Cyberattacks, which involve unauthorized efforts to gain access to a computer system or network with the intention to cause damage, tend to focus on companies that do not provide adequate customer protection or corporate cyber situational awareness data. Organizations hence need a solid identity solution and are subsequently investing in identity verification systems and promoting cyber situational awareness amongst staff. The Australian Cyber Security Centre, a cybersecurity agency based in Australia, stated in February 2023 that the number of reports relating to cybercrime they received in 2022 was 76,000, marking a 13% increase from the prior year. As such, the growth in cyberattacks and fraudulent online activities will stimulate the cyber situational awareness market.
Which Companies Are Leading in the Cyber Situational Awareness Market?
Major companies operating in the cyber situational awareness market are 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., Paolo Alto Network Inc., Darktrace PLC, SAS Insitute Inc., Palantri Technologies Inc., Lynx Technology Partners LLC, The Mitre Corporation, Vehere Inc., Anomali Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Cofense Inc., CrowdStrike Holdings Inc., Cybereason Inc., Digital Guardian Inc., Exabeam Inc., FireEye Inc., Fortinet Inc., F-Secure Corp., LogRhythm Inc., McAfee LLC
What Are the Major Trends Shaping the Cyber Situational Awareness Market?
The main players in the cyber situational awareness market are striving to develop sophisticated tools like Cyber security platforms to gain a market advantage. Cyber security platforms are unified solutions made to merge security visibility, analysis, and control over various security levels and data sources, thus boosting security, scalability, and efficiency. Trend Micro Inc., a US-based IT security enterprise, for example, launched Trend Micro One in April 2022. This integrated cybersecurity platform is designed to equip organizations to anticipate, endure, and rapidly bounce back from threats with a stronger security team. Trend Micro One offers a continuous risk and threat evaluation cycle comprising attack surface discovery, cyber risk management, and extended detection and response (XDR) capabilities. It also features integration with third-party security providers and proficient cybersecurity services.
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What Are the Top Revenue-Generating Geographies in the Cyber Situational Awareness Market?
North America was the largest region in the cyber situational awareness market in 2024. The regions covered in the cyber situational awareness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cyber Situational Awareness Market?
2. What is the CAGR expected in the Cyber Situational Awareness Market?
3. What Are the Key Innovations Transforming the Cyber Situational Awareness Industry?
4. Which Region Is Leading the Cyber Situational Awareness Market?
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