Revenues from Proactive Security Market to top 41.77 billion USD by 2023

(IT-NEWSWIRE.COM, May 17, 2019 ) Strategic shift toward proactive security due to increasing sophistication in attacking techniques, rising need to manage stringent regulations and compliances, and increasing adoption of IoT, smart mobile devices, and bring-your-own-device (BYOD) trends are encouraging organizations to deploy proactive security solutions.

The proactive security market size is expected to grow from USD 20.66 billion in 2018 to USD 41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.

The objective of the study is to define, describe, and forecast the proactive security market by solutions, services, organization size, verticals, and regions. It also analyzes recent developments, such as partnerships, strategic alliances, mergers and acquisitions, business expansions, new product developments, and research and development (R&D) in the global market.

The proactive security market comprises key vendors, such as:

• IBM (US)

• Symantec (US)

• McAfee (US)

• FireEye (US)

• Cisco (US)

• Palo Alto Networks (US)

• FireMon (US)

• LogRhythm (US)

• CyberSponse (US)

• RSA Security (US)

• Rapid7 (US)

• Demisto (US)

• ThreatConnect (US)

• Phantom (US) and many more..

The security analytics solution is expected to play a key role in the proactive security market and grow at the highest CAGR during the forecast period. With the increasing number of cyber threats and vulnerabilities in network infrastructure, the need for security analytics is also growing rapidly. It also helps organizations meet the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes–Oxley Act (SOX), and other regulatory compliances.

Due to the presence of a large number of proactive security vendors, North America is expected to have the largest market size in the global proactive security market, whereas Asia Pacific (APAC) is expected to be the fastest-growing region during the forecast period.

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Source: EmailWire.Com

Source: EmailWire.com

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Revenues from Proactive Security Market to top 41.77 billion USD by 2023