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.
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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.
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.
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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