According to the latest report by IMARC Group, “Global Cyber Situational Awareness Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, 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.
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.
|Base Year: 2021|
|Forecast Year: 2022-2027|
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.
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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.
Note: 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.
Global Cyber Situational Awareness Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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The report has segmented the market on the basis of region, solution type, component, deployment type, organization size and industry vertical.
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
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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