The global Adaptive Security Market is expected to witness a CAGR of 12.7% over the forecast period (2018 - 2023).
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The adaptive security system is an integrated design of software and hardware, to give security at the core of infrastructure against remote devices and cloud-based environment. Adaptive security systems operate against the principles of the traditional security systems.
The adaptive security systems, instead of relying on pre-programmed virus definitions that need frequent updates, study the behavior of a suspicious activity that could be a potential threat and take necessary preventive measures to eliminate any such threats.
Enterprises have been adopting prevention strategy to keep track of such undetectable threats increasingly in order to protect organizations’ data, networks, and applications. Need for security compliances and regulations as well as the need to secure IT resources from advanced cyber-attacks are some of the major factors driving the adaptive security market over the forecast period.
Segment by Regions/Countries, report covers:
- North America
- Latin America
- Middle East & Africa
North America Holds the Largest Market Share
North America is expected to retain its position as the most significant market for adaptive security solutions over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to drive the adoption of these solutions further.
According to the recent annual budget plans of Trump’s government, the United States has earmarked more than USD 19 billion for cyber security-related initiatives. This was majorly due to the increasing number of cyber-attacks on a number of healthcare, electricity, and business sector organizations in the country.
The major players include in the Adaptive Security Market –
- Cisco Systems, Inc.
- Trend Micro, Inc.
- Rapid7, Inc.
- RSA Security LLC
- Juniper Networks, Inc
- Fireeye, Inc.
- Panda Security, S.L
- Illumio, Inc.
- Cloudwick, Inc.
- Aruba Networks, Inc.
- List not Exhaustive
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The total number of cyber security incidents reported by federal agencies in the United States has drastically increased from 5,503 in 2006 to 77,183 in 2015. In 2016, United States businesses sector was estimated to have recorded the highest number of data breaches of approximately 45% of the total number of data breach incidents reported in the country, followed by medical/healthcare sector at 35% and education sector at 10%.
It is estimated that in more than 41% of such cases the penetration level was classified as unknown, which means that the traditional security could not wholly identify the impact of the breach. These high rates of unknown data breach sources are encouraging the North American countries to strengthen their security systems allowing a significant number of opportunities in the adaptive security market.
Key Developments in the Adaptive Security Market
February 2018 - Cisco collaborated with Rackspace to help deliver advanced security for multi-cloud environments. Both the companies are well known for being involved in a strategic partnership for the past 20 years, aimed at providing high levels of security for Cisco clients.
However, with this turn, Cisco is expected to be delivering Rackspace customers advanced protection against evolving sophisticated threats in their multi-cloud environment.
Reasons to Access this Report
- Current and future adaptive security market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Identifying the segment that is expected to dominate the market
- Identifying the regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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