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Growing cases of phishing is also facilitating the market. The most prominent protection is the sensitization and training of employees. Cyber-attack is difficult to fight and detect, many different mechanisms for protection must be used. Associations are dedicatedly preparing Cyber Security plans for malware to fight and protect against themselves. Rising damages and threats are facilitating the Market for Cyber Security. In case a company’s system is infected, it can lead to data leak, and bankruptcy. Manufacturers are focusing on opting for various growth strategies such as mergers, acquisitions, and geographical expansion to increase their market share and gain a competitive advantage.
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Thales, NetCentrics, Airbus DS Communication, ManTech International Corporation, Booz Allen Hamilton, Panda Security, Salient CRGT, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Camber Corporation, CACI International, KeyW Holding Corporation, Checkpoint Software Technologies Ltd., BAE Systems, Digital Management, among others.
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Increasing budget on security of services and solutions by Small & Medium enterprises and large enterprises in the region is expected to boost the regional market.ĭownload Free Sample Report (Get Detailed Analysis in PDF – 160+ Pages): North America is expected to expand at a CAGR of 10.1% between 20. The need to track different user-related incidents and automate related to security is also contributing in Identity & Access Management solutions growth across various firms. Factors like increasing need of tracking employee activities and managing data properly and allowing information to certain employees are some benefits contributing in endorsement of Identity & Access Management solutions.
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The Identity & Access Management segment held a market share of more than 19.89% in 2020. The key factor driving the growth of solutions segment is the need to protect the infrastructure across various industries like utilities, government, and others threat of cyber-attacks. The solutions segment is projected to expand over 8.1% CAGR over the forecast period.