Global Cyber Situational Awareness Market to Reach US$ 222.5 Billion by 2032, Impelled by Increasing Instances of Cyberattacks

March 03, 2023 | Technology & Media

The latest report by IMARC Group, titled "Cyber Situational Awareness Market Report by Solution Type (Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection and Response, Network Performance Monitoring and Diagnosis, Intrusion Detection System, Intrusion Prevention System, and Others), Component (Solution, Services), Deployment Type (On Premise, Cloud), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (BFSI, Military and Defense, Healthcare, Aerospace, Marine Security, Automotive, Mining and Oil & Gas, IT and Telecom, Government Agencies, Energy and Utilities, and Others), and Region 2024-2032," finds that the global cyber situational awareness market size reached US$ 60.1 Billion in 2023. Cyber situational awareness (CSA) plays a crucial role in providing comprehensive and targeted insights into potential threats and vulnerabilities. It comprises sensors, cameras, displays, notification devices, gyroscopes, and global positioning systems (GPS). It offers real-time detection, management, and comprehension of information that help organizations to minimize human errors. Owing to these properties, CSA is extensively utilized across the aviation, automotive, defense, telecom, and aerospace industries.


Global Cyber Situational Awareness Market Trends:

The market is primarily driven by the increasing instances of cyberattacks and fraudulent online activities across the globe. In addition, the sudden outbreak of the coronavirus disease (COVID-19) pandemic has escalated the adoption of the work-from-home (WFH) model, which represents another major growth-inducing factor. Besides this, CSA is widely utilized in the information technology (IT) industry to analyze storage infrastructure and eliminate the overall risk of data breaches. This, coupled with the implementation of stringent initiatives undertaken by governments of various nations for strengthening commercial and industrial infrastructures, is positively influencing market growth. Moreover, the emergence of bring your own device (BYOD) at workplaces, the rising utilization of cloud-based platforms for storing and managing crucial data, and extensive research and development (R&D) activities conducted by key players are also creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 222.5 Billion by 2032, exhibiting a CAGR of 15.3% during the forecast period (2024-2032). 


Market Summary:

  • On the basis of the solution type, the market has been segmented into network forensics, network traffic analysis, DNS threat analysis, network detection and response, network performance monitoring and diagnosis, intrusion detection system, intrusion prevention system, and others.
  • Based on the component, the market has been bifurcated into solution and services.
  • The market has been segregated on the basis of the deployment mode into on-premises and cloud.
  • On the basis of the organization size, the market has been classified into small and medium-sized, and large enterprises.
  • Based on the industry vertical, the market has been categorized into BFSI, military and defense, healthcare, aerospace, marine security, automotive, mining and oil and gas, IT and telecom, government agencies, energy and utilities, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Cyware, DXC Technology, Field Effect Software Inc., Firemon LLC, Honeywell International Inc., International Business Machines Corporation, Lynx Technology Partners LLC., Marklogic Corporation, Microsoft Corporation, The Mitre Corporation, Vehere Inc. and Verint.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Solution Type, Component, Deployment Type, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Cyware, DXC Technology, Field Effect Software Inc., Firemon LLC, Honeywell International Inc., International Business Machines Corporation, Lynx Technology Partners LLC., Marklogic Corporation, Microsoft Corporation, The Mitre Corporation, Vehere Inc. and Verint
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Cyber Situational Awareness Market to Reach US$ 222.5 Billion by 2032, Impelled by Increasing Instances of Cyberattacks
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