About Cyber Incident Management Software
Cyber incident management market is significantly growing in many organizations as this technology enable organizations to assess and analyse the IT infrastructure and identify malicious threats. Cyber incident management provides organization with proactive security monitoring with greater efficiency which minimizes resulting damage and provide critical feedback on incidents that occurs. Many organizations are investing in cyber incident management to secure their data and to manage their IT infrastructure.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cyber Incident Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Juniper Networks (United States), Cisco Systems (United States), HPE (United States), McAfee (United States), NTT Security (Germany), Konfidas (Israel), Rapid7 (United States), Optiv (United States), Palo Alto Networks (United States) and NortonLifeLock (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cyber Incident Management Software market by and Region.
On the basis of geography, the market of Cyber Incident Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry, the sub-segment i.e. IT & Telecommunications will boost the Cyber Incident Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Cyber Incident Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Cyber Incident Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Many organization are deploying the incident management technology to ensure confidentiality
Market Growth Drivers:
Growing instances of cyber attacks incidence, Stringent government and compliance regulations and Growing preference for cloud computing necessitating cloud-based cyber incident management software
Challenges:
Lack of training and shortage of skilled workforce to cope with dynamic cyber incident management software
Restraints:
Use of unlicensed cyber incident management software
Opportunities:
Growing market penetration in cyber security market as there are incidences of cyber crime
Market Leaders and their expansionary development strategies
In October 2023, IBM Security and Deepwatch announced a partnership to integrate their CIEM platforms. The partnership will give customers more visibility into their security posture and help them to automate incident response.
In September 2023, Palo Alto Networks acquired Demisto. This merger will strengthen Palo Alto Networks' position in the CIEM market and expand its reach into the threat intelligence and incident response market.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Software Developers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.