Market Overview 2022-2027
The latest research study “Cyber Situational Awareness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cyber situational awareness market reached a value of US$ 42.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 124.3 Billion by 2027 exhibiting a CAGR of 18.50% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Cyber situational awareness (CSA) is utilized for facilitating holistic and specific observations on threats and vulnerabilities. It generally includes cameras, sensors, gyroscopes, displays, notification devices, global positioning system (GPS), etc. Cyber situational awareness enables organizations to reduce human errors by administering, detecting, and understanding the information in real-time. Consequently, it finds wide-ranging applications across several industries, such as aviation, automotive, defense, aerospace, energy, etc.
Global Cyber Situational Awareness Market Trends and Drivers:
The rising prevalence of fraudulent online activities is primarily driving the cyber situational awareness market. Moreover, the growing adoption of the work-from-home (WFH) models, owing to the sudden outbreak of the COVID-19 pandemic, is inflating the need for effective CSA solutions and tools to eliminate the overall risk of data breaches, which is further stimulating the market growth. Besides this, the launch of numerous favorable policies by government bodies to strengthen commercial and industrial infrastructures is acting as another significant growth-inducing factor. Additionally, cyber situational awareness is extensively utilized in the banking, financial services and insurance (BFSI) sector as it assists in the proactive monitoring of vital information regarding transactions, thereby helping in the informed and timely decision-making process in real-time. This, in turn, is also positively influencing the global market. Furthermore, the escalating popularity of cloud-based platforms for storing and managing crucial data is projected to fuel the cyber situational awareness market in the coming years.
|Cyber Situational Awareness Market Report Scope|
|Market size value in 2021||US$ 42.32 Billion|
|Market forecast in 2027||US$ 124.3 Billion|
|Growth Rate||CAGR of 3.37% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Solution Type, Component, Deployment Type, Organization Size, Industry Vertical and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||Cyware, DXC Technology, Field Effect Software Inc., Firemon LLC, Honeywell International Inc., International Business Machines Corporation, Lynx Technology Partners LLC., Marklogic Corporation, Microsoft Corporation, The Mitre Corporation, Vehere Inc. and Verint.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
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The report has been segmented the market into following categories:
Breakup by Solution Type:
- Network Forensics
- Network Traffic Analysis
- DNS Threat Analysis
- Network Detection and Response
- Network Performance Monitoring and Diagnosis
- Intrusion Detection System
- Intrusion Prevention System
Breakup by Component:
Breakup by Deployment Type:
- On Premise
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Military and Defense
- Marine Security
- Mining and Oil & Gas
- IT and Telecom
- Government Agencies
- Energy and Utilities
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are Cyware, DXC Technology, Field Effect Software Inc., Firemon LLC, Honeywell International Inc., International Business Machines Corporation, Lynx Technology Partners LLC., Marklogic Corporation, Microsoft Corporation, The Mitre Corporation, Vehere Inc. and Verint.
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