Cyber Situational Awareness Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Cyber situational awareness is the immediate knowledge of friendly, adversarial, and other relevant information regarding activities in and through cyberspace. It enables the accurate perception of an enterprise’s security stance and threat environment.

Sizing and Forecast
The cyber situational awareness market size has grown exponentially in recent years. It will grow from $67.85 billion in 2023 to $83.11 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to data breaches and incidents, regulatory mandates, digitalization across industries, supply chain vulnerabilities, shortage of cybersecurity skills..

The cyber situational awareness market size is expected to see exponential growth in the next few years. It will grow to $188.1 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to rising cyber attacks, regulatory changes, cloud security focus, iot and ot security concerns. Major trends in the forecast period include digital transformation, complexity of networks, introduction of cloud solutions, threat intelligence enhancement.

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Segmentation & Regional Insights
The cyber situational awareness market covered in this report is segmented –

1) By Type: Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection and Response, Network Performance Monitoring and Diagnosis, Intrusion Detection System, Intrusion Prevention System, Other Types
2) By Component: Solution, Services
3) By Deployment Type: On Premise, Cloud
4) By Organization Size: Small and Medium-sized Enterprises, Large Enterprises
5) By Industry Vertical: BFSI, Military and Defense, Healthcare, Aerospace, Marine Security, Automotive, Mining and Oil and Gas, IT and Telecom, Government Agencies

North America was the largest region in the cyber situational awareness market in 2023. The regions covered in the cyber situational awareness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing instances of cyberattacks and online fraudulent activities will boost the demand for the cyber situational awareness market. Cyberattacks are any attempt to obtain unauthorized access to a computer, computing system, or computer network to cause harm. Cyberattacks are more likely to target companies that do not offer proper customer protection and corporate cyber situational awareness information. Organizations require a robust identity solution and are investing in identity verification systems and cyber situational awareness among employees. For instance, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Moreover, in May 2021, according to Gartner, a management consulting firm, released research stating that spending on data security climbed from 2.98 billion in 2020 to 3.5 billion in 2021, growing at a rate of 17.5%. Therefore, growing cyberattacks and fraudulent online activities will boost the cyber situational awareness market.

Key Industry Players
Major companies operating in the cyber situational awareness market report are International Business Machines Corporation, Verint Systems Inc., Marklogic Corporation, Firemon LLC, Honeywell International Inc., DXC Technology Co., Microsoft Corporation, Field Effect Software Inc., Cyware Labs India Pvt. Ltd., Paolo Alto Network Inc., Darktrace plc, SAS Insitute Inc., Palantri Technologies Inc., Lynx Technology Partners LLC, The Mitre Corporation, Vehere Inc., Anomali Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Cofense Inc., CrowdStrike Holdings Inc., Cybereason Inc., Digital Guardian Inc., Exabeam Inc., FireEye Inc., Fortinet Inc., F-Secure Corp., LogRhythm Inc., McAfee LLC

The cyber situational awareness market report table of contents includes:

1. Executive Summary

2. Cyber Situational Awareness Market Characteristics

3. Cyber Situational Awareness Market Trends And Strategies

4. Cyber Situational Awareness Market – Macro Economic Scenario

5. Global Cyber Situational Awareness Market Size and Growth
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31. Global Cyber Situational Awareness Market Competitive Benchmarking

32. Global Cyber Situational Awareness Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cyber Situational Awareness Market

34. Cyber Situational Awareness Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

International Business Machines Corporation

Verint Systems Inc.

Marklogic Corporation,

Firemon LLC,

Honeywell International Inc

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