Cyber Situational Awareness Market Forecast, 2021–2027 | What Will Emerge As A Key Opportunity?

The global cyber situational awareness market size was valued at $31,431 million in 2019, is projected to reach $152,656 million by 2027, registering a CAGR of 22.6% from 2020 to 2027. The report provides an extensive analysis of changing market dynamics, key segments, value chain, top investment pockets, regional landscape, and competitive scenario.

Surge in level of cybercrimes, rise in demand for IoT and BYOD devices, and significant increase in electronic data fuel the growth of the global cyber situational awareness market. However, lack of sensitive data sharing hinders the market growth. On the other hand, rise of the e-commerce industry presents new opportunities in the next few years.

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The report offers a detailed segmentation of the global cyber situational awareness market based on component, solution type, deployment model, organization size, industry vertical, and region.

By region, North America contributed to the largest market share in 2019, accounting for nearly two-fifths of the total market share, and will maintain its lead position by 2027. However, Asia-Pacific is expected to maintain the highest CAGR of 25.7% during the forecast period.

Leading players of the global cyber situational awareness market analyzed in the research include Cyware, Firemon LLC, Darktrace, IBM Corporation, Honeywell technologies, Palo Alto Networks, MarkLogic Corporation, SAS, and Verint Systems.

By component, the solution segment accounted for the largest market share in 2019, contributing to more than three-fifths of the total market share, and is expected to maintain its leadership status during the forecast period. However, the services segment is projected to witness the largest CAGR of 24.1% from 2020 to 2027.

By industry vertical, the BFSI segment held the highest market share in 2019, accounting for around one-fifth of the global cyber situational awareness market, and will maintain its dominance in terms of revenue during the forecast period. However, the healthcare segment is expected to portray the highest CAGR of 28.4% from 2020 to 2027.

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