Proactive Security Market Analysis by Solution (Risk & Vulnerability Management, Advanced Malware Protection, and Others), by Services {Professional Services (Consulting Services, Training & Education Services, and Others), and Managed Services}; by Organization Size {Small and Medium-Sized Enterprises(SMEs), and Large Enterprises}; and by Industry Vertical (BFSI, IT and Telecom, Healthcare & Life Sciences, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

Global Proactive Security Market Report Scope

Global Proactive Security Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global proactive security market is estimated to garner a revenue of USD 50.0 Million by the end of 2031 by growing at a CAGR of ~14% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 21.0 Million in the year 2021. The growth of the market can be attributed to the increasing number of cyberattacks around the world. For instance, cyberattacks cost the global economy approximately one trillion dollars.

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Cybersecurity and other modes of helping an organization stay safe from all kinds of potential threats is a necessity and a mandatory requirement. The process of checking and responding to threats as and when they arise is a reactive approach to security. A proactive cybersecurity strategy is about acting before any attack occurs. It goes by the norm 'Prevention is better than cure'. In other words, a proactive approach prevents major incidents before they happen. Preventative measures taken by a company anticipate potential situations and save themselves from any unforseen harm coming to their enterprise. It focuses on prevention rather than detection and response. Proactive security helps to analyze the threat, stop breaches and prevents loss of data and as such keeps the organization running smoothly. Moreover, surging digital transformation among organizations is further expected to increase the growth of the global proactive security market. As per the World Bank, the global digital economy accounted to 15.5 per cent of the GDP

Global Proactive Security Market: Growth Drivers and Challenges

Growth Drivers

• Growing IoT Devices– With the advancement of technology, cyberattacks has been a growing concern among the organizations. Hence, it is projected to surge the growth of the global proactive security market. The number of identity fraud cases in the United States has risen from 3.16 million in 2018 to 5.74 million in 2021, according to the National Council on Identity Theft Protection.

• Rising Adoption of Smartphone Users – More than 3 billion people use smartphones across the globe in the year 2020

• Increasing Bring Your Own Devices Trend– More than 55 percent of organizations around the world has adopted BYOD devices.

• Rising Adoption of Cloud-Based Services – More than 65 percent of enterprises across the globe have cloud-based infrastructure by 2021

Challenges

• High Cost for the Installation of the System

• Lack of Skilled Professionals

• High Focus of Organization on Reactive Security Measures

The global proactive security market is segmented and analyzed for demand and supply by industry vertical into banking, financial services, & insurance (BFSI), government and defense, retail and ecommerce, IT and telecom, healthcare & life sciences, manufacturing, energy & utilities, and others. Among these, the healthcare & life sciences segment is anticipated to hold the largest share over the forecast period owing to the increasing threat to patient's health records, and surging medical fraud cases across the globe. In the United States, more than half of healthcare organizations have had more than five breaches.

Global Proactive Security Market Regional Synopsis

Regionally, the global proactive security market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of an increasing incidence of high cost of breaches, and an earlier adoption of cybersecurity solutions. As per the National Council on Identity Theft Protection, the cost of identity theft to Americans in the United States will be USD 5.8 billion in 2021.

Market Segmentation

Our in-depth analysis of the global proactive security market includes the following segments:

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Key Companies Dominating the Global Proactive Security Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global proactive security market that are included in our report are Cisco Corporation, IBM Corporation, LogRhythm, Inc., Intel Corporation, Oracle Corporation, Symantec Corporation, Skybox Security, Inc., Swimlane Inc., Trustwave Holdings, Inc., ThreatConnect, Inc., and others.

Global Proactive Security Market: Latest Developments

• November, 2019 Cisco Corporation: Cisco Corporation has announced the launch of Talos Incident Response, which will not only simplify Cisco Security’s open and integrated platform approach but will also enhance its security environment with new zero trust, cloud, endpoint and breach defense capabilities. Its Talos Incident Response which provides a full suite of proactive and reactive services to help prepare, respond, and recover from a breach.

• March, 2022 LogRhythm: LogRhythm has entered into a partnership agreement with leading German Value-Added Distributor for IT and data security solutions, ectacom GmbH. As per the agreement, LogRhythm will provide a strengthened cybersecurity foundation for its customers in Germany and ectacom GmbH will harness LogRhythm’s NextGen Security Information and Event Management (SIEM) platform. This strategic partnership will help both the companies to gain an analytic-supported cybersecurity centre for automated threat detection and mitigation mechanisms to prevent cyber risks.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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