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Sunday, December 4, 2022

Increasing Prevalence of Targeted Cyber Attacks to Boost Cyber Crisis Management Market Growth Says Future Market Insights, Inc.

Last updated Friday, November 11, 2022 02:15 ET , Source: Future Market Insights, Inc.

Newark, United States, 11/11/2022 / Future Market Insights, Inc. /

The global cyber crisis management market is expected to be valued at US$ 24,870.0 Million in 2022, growing at a CAGR of 7.2% to be valued at US$ 49,984.0 Million from 2022 to 2032. The growth is attributed to the increased danger of the cyber crisis. From 2016 to 2021, the market experienced a 6.7% CAGR.

The cyber Crisis management market has grown rapidly in recent years, owing to the increasing frequency of cyber-attacks, which has compelled various organisations to prepare ahead of time for potential cyber security occurrences and information spills. Organizations can essentially further develop the idealness and viability of cyber episodes reaction exercises with appropriate cyber Crisis management techniques.

The occurrences, for example, Hacked gadgets, crashed sites, network breaking, taken information, and other cyber security episodes have become normal in the present working environment which are compelling associations to create and embrace cyber Crisis management applications to address effects of a cyber-occurrence.

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Cyber Crisis management is the arrangement of procedures that are intended to assist an association with an unexpected and huge cyber-assault. A huge inspiration for reception of Cyber Crisis management is likewise to stay away from the potential misfortunes as far as cost and time engaged with harm control after a cyber-break occurrence.

Cyber Crisis Management Market: Drivers and Challenges

Drivers

The advancement in cyber Crisis management services is a primary growth factor driving the growth of Cyber Crisis management market. Mobile threat issues are increasing rapidly and due to this, enterprises are faced with increased risks from the millions of available apps on devices. Therefore, to handle serious and highly variable risks associated with an exposed security posture, the need for Cyber Crisis management is increasing rapidly. Due to this, the cyber Crisis management market is growing significantly.

Challenges

The major challenge for cyber Crisis management is that the cyber security Crisis can occur in a multitude of different ways and detecting and assessing the scope and impact of an incident is often challenging and time-consuming process.

Cyber Crisis Management Market: Competition Landscape

Key Players

The prominent players in Cyber Crisis management market are: IBM Corporation, Cisco Systems Inc., Hewlett Packard Enterprises, Rapid7 Inc., Optiv Security Inc., Palo Alto Networks, Inc., WhiteHat Security, McAfee LLC, Symantec Corporation, and Juniper Networks, Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Recent Developments

  • In June 2022, Juniper Networks, a leader in secure, AI-driven networks, and Dragos, a global leader in cybersecurity for Industrial Control Systems (ICS) and Operational Technology (OT) environments, announced their commitment to securing critical infrastructure through an official joint partnership that provides an automation framework for active attack response for OT-ICS networks and systematizes the research and development work done by both companies.
  • In March 2022, Rapid7, Inc., a leading provider of security visibility, analytics and automation announced new cloud workload protection capabilities for Insight Cloud Sec, the company’s fully-integrated cloud-native security platform (CNSP). These enhancements, which include native vulnerability assessment for container and Kubernetes environments, leverage Rapid7’s proven, industry-leading vulnerability assessment technology delivered via an agentless experience that is purpose built for cloud-native environments.

Key Segments Profiled in the Cyber Crisis Management Industry Survey

Cyber Crisis Management Market by Type:

  • Cloud Based
  • On Premise

Cyber Crisis Management Market by Application:

  • IT & Telecommunications
  • Healthcare & Life Sciences
  • Retail & Consumer Goods
  • Media & Entertainment
  • Automotive
  • Aerospace & Defense
  • Others

Cyber Crisis Management Market by Vertical:

  • Cyber Crisis Management for Government and Financial institutions
  • Cyber Crisis Management for IT and Telecom
  • Cyber Crisis Management for Healthcare and life sciences
  • Cyber Crisis Management for Retail and consumer goods
  • Cyber Crisis Management for Media and Entertainment
  • Cyber Crisis Management for Automotive
  • Cyber Crisis Management for Aerospace and Defense
  • Cyber Crisis Management for Other Verticals

Cyber Crisis Management Market by Region:

  • North America Cyber Crisis Management Market
  • Latin America Cyber Crisis Management Market
  • Europe Cyber Crisis Management Market
  • Asia Pacific Cyber Crisis Management Market
  • Middle East & Africa Cyber Crisis Management Market

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Investment Feasibility Matrix

To Continue TOC…

Explore FMI’s Other Extensive Reports of Technology:

Cyber-Physical System Market Size: The global cyber-physical system market size is expected to grow from US$ 86,979.6 Mn in 2022 to US$ 137,566.0 Mn by 2028. The cyber-physical system market is anticipated to grow at a CAGR of 7.9% during 2022-28.

Cyber Security in Robotics Market Share: Sales in the global cyber security in robotics market are slated to top US$ 3.5 Bn in 2022. Expanding at a healthy 11.0% CAGR, the market size is projected to total US$ 7.2 Bn by 2029.

CDN Security Market Analysis: The global CDN security market is expected to be valued at US$ 42,887 million by 2032, up from US$ 7,110 million in 2022. The market is expected to grow at a CAGR of 19.7% during the forecast period.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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