Cyber Situational Awareness Market Scope
Situational awareness (SA) helps decision-makers throughout an organization have the information and understanding available to make good decisions in the course of their work. It can be focused specifically on helping people and organizations protect their assets in the cyber realm or it can be more far-reaching. SA makes it possible to get relevant information from across an organization, to integrate that information, and to disseminate it to help people make better decisions. With the growth in cyber-attacks and data breaches costing business and the public sector billions every year. An estimated two million cyber-attacks in 2018 resulted in more than USD 45 billion in losses worldwide. Thereby, cyber situational awareness is becoming a vital part of every organization in order to protect their businesses and assets. Cyber situational awareness consulting companies provide delivery services and solutions that ensure continuous security awareness for business and government entities. They help organizations improve the efficiency of their business and IT operations and technology strategies for security and risk management. In addition to awareness, these firms also often provide product recommendations and implementation services for specific security technologies.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Cyware (United States), Microsoft (United States), FireMon (United States), L3 Technologies (United States), Honeywell (United States), DXC Technology (United States) and Field Effect Software (Canada) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cyber Situational Awareness market throughout the predicted period.
IBM (United States), Cyware (United States), Microsoft (United States), FireMon (United States), L3 Technologies (United States), Honeywell (United States), DXC Technology (United States) and Field Effect Software (Canada) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cyber Situational Awareness market by Type , by Application (BFSI, Government, IT & Telecom, Aerospace & Defense, Healthcare, Education, Manufacturing and Others) and Region with country level break-up.
On the basis of geography, the market of Cyber Situational Awareness 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Palo Alto Networks, a provider of cybersecurity solutions, has acquired Demisto, a provider of security orchestration, automation, and response (SOAR) solutions. The acquisition will enable Palo Alto Networks to provide its customers with a more automated and efficient way to manage their security operations.
In October 2023, McAfee, a global leader in cybersecurity solutions, has acquired Orchestral Security, a provider of cloud-based threat intelligence and analytics solutions. The acquisition will enable McAfee to provide its customers with a more comprehensive and integrated threat intelligence platform.
Influencing Trend:
An Emergence of Remote Administrator Managed Service in the Operating Market
Market Growth Drivers:
Growing Demand for Cyber Situational Awareness in Enterprise, Growing Importance of Situational Awareness in Cybersecurity and Cyber security Attacks Are on the Rise
Challenges:
Complexity in System Design
Restraints:
Occurrence of Error in Cyber Situational Awareness and Lack of Awareness about Benefits Associated with Cyber Situational Awareness
Opportunities:
Rising Digitization in Infrastructure to Provide Significant Opportunities for Cyber Situational Awareness
Key Target Audience
Cybersecurity Vendors, IT security Providers, Cyber Situational Awareness Providers, System Integrators, Component Manufacturers, Technology Investors, Government Association and Agencies and Others