Revenues from Proactive Security Market to top 41.77 billion USD by 2023

The proactive security market categorized by solution, service, organization size, industry vertical & region.

(EMAILWIRE.COM, January 28, 2020 ) The proactive security market size is expected to grow from USD 20.66 billion in 2018 to USD 41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. Strategic shift toward proactive security due to increasing sophistication in attacking techniques, rising need to manage stringent regulations and compliances, and increasing adoption of IoT, smart mobile devices, and bring-your-own-device (BYOD) trends are encouraging organizations to deploy proactive security solutions.

Browse 71 market data Tables and 44 Figures spread through 174 Pages and in-depth TOC on "Proactive Security Market”

Major vendors in the proactive security market include:
• IBM (US)
• Symantec (US)
• McAfee (US)
• FireEye (US)
• Cisco (US)
• Palo Alto Networks (US)
• FireMon (US)
• LogRhythm (US)
• CyberSponse (US)
• RSA Security (US)
• Rapid7 (US)
• Demisto (US)
• ThreatConnect (US)
• Phantom (US)
• Securonix (US)
• Corvil (Ireland)
• Qualys (US)
• Siemplify (US) and many more..

The security analytics solution is expected to play a key role in the proactive security market and grow at the highest CAGR during the forecast period. With the increasing number of cyber threats and vulnerabilities in network infrastructure, the need for security analytics is also growing rapidly. It also helps organizations meet the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes–Oxley Act (SOX), and other regulatory compliances.

In the proactive security market, the SMEs segment is expected to grow at a higher rate, as SMEs are more vulnerable to internal and external data breaches. With the adoption of proactive security solutions, organizations can effectively maintain and secure critical information from data breaches.

Due to the presence of a large number of proactive security vendors, North America is expected to have the largest market size in the global proactive security market, whereas Asia Pacific (APAC) is expected to be the fastest-growing region during the forecast period. The increasing need for security against increasing cyber attacks and rise in the number of smartphone users are driving the adoption of proactive security solutions across the globe. Furthermore, the proactive security market in Middle East and Africa (MEA) and Latin America is expected to grow, due to the increasing usage of cloud computing, expanding retail and banking sectors, and rising importance of regulatory compliances.

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