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 Cyber Situational Awareness Market: A Growing Phenomenon

• The market’s exponential growth from $67.85 billion in 2023 to $83.11 billion in 2024.
• The compound annual growth rate (CAGR) of 22.5% indicates a robust upward trajectory.
• Historical factors contributing to growth: data breaches, regulatory mandates, digitalization, supply chain vulnerabilities, cybersecurity skill shortages.

Forecasted Growth and Influential Trends

• Predicted market expansion to $188.1 billion by 2028 with a CAGR of 22.7%.
• Factors driving future growth: increased cyber attacks, regulatory changes, focus on cloud security, IoT and IT concerns.
• Noteworthy trends: digital transformation, network complexity, cloud solutions, enhanced threat intelligence.

Surge In Demand For Cyber Situational Awareness Amidst Escalating Cyberattacks And Online Fraud

Rising Threat Landscape

• Escalating cyberattacks and online fraudulent activities propel demand.
• Cyberattacks target entities with inadequate customer protection and cyber situational awareness.
• Organizations invest in identity verification systems and employee awareness.

Statistics and Insights

• Forbes reports a 15.1% rise in cyberattacks in 2021 compared to the previous year.
• Gartner notes a 17.5% increase in spending on data security from 2020 to 2021.
• Growing cyber threats underscore the necessity for robust situational awareness solutions.

Market Players and Contributors

• Key companies in the cyber situational awareness market include IBM, Verint Systems, FireEye, Cisco Systems, and more.
• Diverse offerings cater to varied cybersecurity needs, from threat detection to response and prevention.

Pioneering Technological Solutions In The Cyber Situational Awareness Landscape
Embracing Technological Advancements

• Technological innovation drives market evolution and competitiveness.
• Companies prioritize R&D to develop cutting-edge solutions.
• Examples include open-source STIX 2.0 specification implementation and Flashpoint’s OSINT capabilities enhancement.

Flashpoint’s Strategic Acquisition

• Flashpoint’s acquisition of Echosec Systems enriches OSINT capabilities.
• Expanded functionalities include executive protection, geopolitical risk assessments, and crisis response.
• Echosec Systems’ integration enhances Flashpoint’s position in cyber situational awareness.

Market Segmentation and Regional Dominance
Segmentation Overview

• Types of cyber situational awareness solutions encompass network forensics, intrusion detection/prevention, and more.
• Components include solutions and services tailored to diverse organizational needs.
• Deployment options range from on-premises to cloud-based solutions.

Regional Insights

• North America leads the cyber situational awareness market, driven by technological innovation and regulatory emphasis.
• Other regions exhibit growing traction, reflecting global cybersecurity concerns.

Get A Free Sample On The Global Cyber Situational Awareness Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=8169&type=smp

Read The Full Cyber Situational Awareness Market Report Here:
https://www.thebusinessresearchcompany.com/report/cyber-situational-awareness-global-market-report

The Cyber Situational Awareness Global Market Report 2024  provides an overview of the cyber situational awareness market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cyber situational awareness market forecast analyzes cyber situational awareness market size, cyber situational awareness market share, leading competitor and their market positions.

Explore Similar Reports From The Business Research Company:
Cybersecurity Global Market Report 2024
Cybersecurity Services Global Market Report 2024
Cyber Situational Awareness Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: