Global Automated Breach And Attack Simulation Market Report 2024: Size, Drivers, And Top Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The automated breach and attack simulation market has experienced exponential growth, expanding from $0.51 billion in 2023 to $0.7 billion in 2024, with a remarkable compound annual growth rate (CAGR) of 36.8%. This growth is attributed to various factors, including:
- Regulatory compliance requirements
- Shortage of skilled cybersecurity professionals
- Increased awareness of cyber risks
- Dynamic threat landscape
- Increased frequency of cyber-attacks
Forecasting Future Trends
The automated breach and attack simulation market is poised for exponential growth, expected to reach $2.51 billion in 2028, with a CAGR of 37.7%. Anticipated trends in the forecast period include:
- Expansion of attack surface
- Global increase in remote work
- Evolving cybersecurity regulations
- Scalability for large enterprises
The Escalating Threat of Cyberattacks
Driving Market Growth
The increasing risks of cyberattacks are expected to propel the growth of the automated breach and attack simulation market. Cyberattacks pose significant threats to organizations worldwide, necessitating proactive measures to identify vulnerabilities and fortify defenses. For instance, the Anti-Phishing Working Group (APWG) recorded a substantial rise in phishing attacks, underscoring the urgency for robust cybersecurity solutions.
Key Players
Major companies operating in the automated breach and attack simulation market include:
- Qualys Inc.
- Rapid7 Inc.
- DXC Technology Company
- Cymulate Inc.
- XM Cyber Ltd.
Technological Advancements
Rapid Innovation
Technological advancement is a key trend driving the automated breach and attack simulation market. Companies are continually introducing innovative technologies to enhance cybersecurity solutions. For instance, SecurityGen launched ACE, the industry’s first automated Breach and Attack Simulation (BAS) platform for mobile operators, providing continuous security assessments and simulations of real-world attacks.
Strategic Partnerships
In May 2023, XM Cyber partnered with SAP SE to enhance security for hybrid environments, bolstering the capabilities of XM Cyber’s Exposure Management Platform. This partnership aims to mitigate risks associated with transitioning data and processes to the cloud, offering robust security solutions for organizations utilizing SAP solutions.
Segmentation and Market Landscape
Market Segmentation
The automated breach and attack simulation market is segmented based on:
- Component: Services, Platforms/Tools
- Deployment Mode: On-Premises, Cloud
- End User: Enterprises And Data Centers, Managed Service Providers
- Application: Configuration Management, Patch Management, Threat Intelligence, Team Assessment, Other Applications
Regional Insights
Asia-Pacific emerged as the largest region in the automated breach and attack simulation market in 2023, highlighting its pivotal role in shaping market dynamics. As organizations across industries prioritize cybersecurity, the Asia-Pacific region is expected to continue driving market growth in the coming years.
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The Automated Breach And Attack Simulation Global Market Report 2024 provides comprehensive insights on the automated breach and attack simulation market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the automated breach and attack simulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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