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(Wireless-NewsWire.Com, March 17, 2018 ) The adaptive security market size is expected to grow from USD 3.53 Billion in 2016 to USD 7.07 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. The major growth drivers of the market include the need to defend against advanced cyber-attacks, limitations of traditional security solutions, and need for security compliances and regulations.
The adaptive security market is segmented by component, application, deployment mode, organization type, vertical, and region. Solution segment is estimated to have the largest market size in 2016. Moreover, service segment will grow at the highest CAGR during the forecast period as the sophistication level in the cyber-attacks is increasing and creating demands for more comprehensive adaptive security solutions & services that would protect enterprises from advanced cyber threats.
Browse Market Data Tables and In-Depth TOC of the Adaptive Security Market to 2021 @ https://www.researchcosmos.com/reports/global-adaptive-security-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7526178
Application security segment is expected to grow at the highest CAGR during the forecast period. However, network security segment holds the largest share of adaptive security market in 2016. Cloud-based deployment mode is expected to grow at the highest CAGR during the forecast period. Large enterprises segment is expected to grow with highest market size in 2016. Moreover, SMEs segment is expected to grow at the highest CAGR during the forecast period.
Adaptive security solutions have been deployed across various industry verticals, including government & defense, Banking, Financial Services, and Insurance (BFSI), retail, IT & telecom, healthcare, energy & utilities, manufacturing, education, and others. The BFSI vertical is expected to witness the highest CAGR during the forecast period. However, government & defense is estimated to have largest market size in 2016.
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The global adaptive security market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for adaptive security solution vendors in 2016. This is mainly because in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from research and development and security technology. The APAC region is expected to be the fastest growing region in the market. The growth in this region is primarily driven by the need to defend against advanced cyber-attacks and rise in adoption of cloud-based security solutions.
The adaptive security market faces challenges such shortage of skilled cybersecurity professionals and analyzing large amount of data. Moreover, factors such as high cost of innovation & budget and lack of visibility across IT infrastructure limit the market growth.
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Major vendors that offer adaptive security across the globe are Cisco Systems Inc. (U.S.), Juniper Networks (U.S.), Trend Micro Inc. (Japan)., FireEye (U.S.), Rapid7 (U.S.), Panda security (Spain), Illumio (U.S.), EMC RSA (U.S.), Aruba, a Hewlett Packard Enterprise company (U.S.), and Cloudwick (U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the penetration testing market.
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