Market Analysis
Market Research Future (MRFR) projects the global breach and attack simulation market size to reach USD 1,109.5 million at a CAGR of 41.39% from 2019–2025 (forecast period).
Multiple Factors to Bolster Market Growth
The growing need for organisations to manage regulations and compliance requirements, as well as the growing demand for prioritizing security investments, are driving the expansion of the global breach and attack simulation market. Prioritizing security investment is one of the most difficult challenges organizations face worldwide because vulnerability assessment programs and penetration testing fail to connect risks with business metrics. BAS tools or platforms use the most recent vulnerabilities to mimic multi-vector, internal or external attacks. The simulated attacks disclose network vulnerability gaps, allowing the company to verify whether its security architecture offers the needed protection and whether the configurations are correctly executed. Overall, breach and attack simulation platforms have evolved into a potent weapon in the arsenal of the organization's security team. However, a lack of understanding of advanced cybersecurity technologies is impeding the market growth. In the event of rising enterprises, the market finds opportunities from difficult manual testing methods. Emerging technologies such as artificial intelligence (AI) and machine learning (ML) are expected to have a favorable impact on the worldwide breach and attack simulation industry.
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Market Segmentation
The global breach and attack simulation market has been segmented on the basis of component, application, and end-user.
By component, the global breach and attack simulation market has been segmented into tools/platforms and services. The service segment has been further classified into training and an on-demand analyst.
By application, the global breach and attack simulation market has been bifurcated into configuration management, patch management, threat intelligence, and others.
By end-user, the global breach and attack simulation market has been segmented into managed service providers, enterprises, and data centers.
Regional Analysis
North America to Dominate the Global Market
North America currently dominates and holds a sizable market share in the worldwide breach and attack simulation industry. This is attributed to the presence of significant important players in the market investing extensively in R&D efforts to develop breach and attack simulation platforms with better capabilities for boosting network security against cyberattacks. Furthermore, the region is a technology early adopter, and firms throughout the region place a high value on cybersecurity as a key component of organizational activities.
APAC to Witness Fastest Growth
During the forecast period, Asia Pacific is expected to be the fastest-growing regional market. The factors driving market expansion in the region are rising demand for cloud-based services and an increasing number of startups working on building tools for breach and attack simulation. Due to increased demand for strengthening enterprise networks against cybersecurity attacks and breaches, the worldwide breach and attack simulation market in the rest of the globe is predicted to develop at a significant rate over the forecast period.
Key Players
The prominent players active in the global breach and attack simulation market are Cymulate (US), Rapid7 (US), Pcysys (Israel), Skybox Security, Inc. (the US), Qualys, Inc. (the US), DXC Technology Company (US), AttackIQ, Inc. (the US), SafeBreach Inc. (US), FireMon, LLC (US), Verodin, a part of FireEye (US), XM Cyber (Israel), NopSec (US), Threatcare (US), MazeBolt Technologies (Israel), Scythe (US), and Cronus Cyber Technologies (Israel).
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