Tag Archive for: grow

Military Cyber Security market is projected to grow at a CAGR of 7.6% by 2034: Visiongain

/in


Visiongain Reports Ltd

Visiongain Reports Ltd

Visiongain has published a new report entitled Military Cyber Security Market Report 2024-2034: Forecasts by Deployment Mode (Cloud-based, On-premise), by Component (Hardware, Software, Services), by End-user (Army, Navy, Air Force, Cyber Commands), by Security Type (Network Security, Endpoint Security, Application Security, Cloud-based Security, Data Security), by Solutions (Threat Intelligence and Response Management, Identity and Access Management (IAM), Intrusion Detection and Prevention Systems (IDPS), Security Information and Event Management (SIEM), Firewall, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global military cyber security market was valued at US$28.4 billion in 2023 and is projected to grow at a CAGR of 7.6% during the forecast period 2024-2034.

Emergence of Advanced Persistent Threats (APTs)

Advanced Persistent Threats (APTs) are sophisticated cyber-attacks conducted by well-funded and highly skilled adversaries, such as nation-state actors and cyber espionage groups, with the intent to infiltrate, exfiltrate, and persist within targeted military networks for extended periods without detection. APTs often employ stealthy tactics, techniques, and procedures (TTPs) to evade traditional security defences and exploit vulnerabilities in software, hardware, and human factors. Detecting and mitigating APTs require advanced threat intelligence, behaviour analysis, anomaly detection, and incident response capabilities to identify and neutralize ongoing cyber threats.

Strategic Shift Towards Offensive Cyber Operations

In response to evolving cyber threats and geopolitical tensions, military organizations are increasingly investing in offensive cyber capabilities to conduct cyber operations, including reconnaissance, espionage, sabotage, and information warfare, against adversaries. Offensive cyber operations enable military forces to disrupt enemy communications, disrupt critical infrastructure, manipulate information, and gain strategic advantages in cyberspace. However, offensive cyber operations also raise concerns about escalation, unintended…

Source…

HACK: Cybersecurity Only Set To Grow

/in


Hardware security concept. Digital shield firewall with central computer processor and futuristic circuit board

da-kuk

In an era of rapid digital expansion and transformation, the significance of cybersecurity has become more evident than ever. As the digital economy continues to thrive and evolve, safeguarding sensitive information, protecting digital assets, and mitigating cyber threats has emerged as a critical

Source…

Application security market to grow by USD 16.68 Billion between 2022-2026 | The market is driven by the growing number of data leaks

/in


NEW YORK, Nov. 5, 2023 /PRNewswire/ — According to Technavio, the global application security market size is estimated to grow by USD 16.68 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 25.55% during the forecast period. The market is driven by the growing number of data leaks. Globally, the number of cybercrimes is growing at an alarming rate. For instance, the number of data breaches jumped to 68% in 2021 compared to the previous year. In March and April 2020, hackers leaked the login credentials of staff at the World Health Organization (WHO). Similarly, in April 2020, about 500,000 passwords of Zoom users, a virtual meeting app, were stolen and were made available for sale in the black market. The increasing incidences of cyber attacks is compelling enterprises to invest in security solutions to safeguard critical areas of concern, which is driving the growth of the market. Gain deeper insights into the market study. Buy the report!

Technavio has announced its latest market research report titled Global Application Security Market 2023-2027
Technavio has announced its latest market research report titled Global Application Security Market 2023-2027

Application security market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

  • Bargaining Power of Buyers 
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Interpretation of porter’s five models helps to strategize the business. For highlights – Download Sample Report

Application security market – Customer Landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Application Security Market – Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (web application security and mobile application security) and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

  • The market growth in the web application security segment will be…

Source…

Hardware Security Modules Market to grow by USD 982.86 million between 2021 – 2026 | Growth Driven by Rising use of Internet banking and digital payments

/in


NEW YORK, Sept. 17, 2023 /PRNewswire/ — The Hardware Security Modules Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the hardware security modules market between 2021 and 2026 is USD 982.86  million. The rising use of Internet banking and digital payments drives the hardware security modules market. Consumers use smartphones to make online transactions at any time. Digital wallets are becoming the most popular mode of payment due to various features. The features include easy registration and login, robust merchant and consumer payment processing capability, and a user-friendly dashboard. Factors such as the growing need for faster checkouts at retail outlets, the high adoption of EMV cards, effective information management among retailers, and the increased focus on secure payments contribute to the growth of the global hardware security market. Hence, such factors drive the growth of the hardware security modules market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Technavio has announced its latest market research report titled Global Hardware Security Modules Market
Technavio has announced its latest market research report titled Global Hardware Security Modules Market
  • Market Challenge – The high preliminary acquisition cost challenges the growth of the hardware security modules market. Generally, hardware security modules developed with older generations of expertise pose significant barriers to adoption. High prices for hardware security modules are led by features such as secure cryptographic processing, a tamper-proof environment for key protection and management, and certification requirements to meet compliance standards. In addition, features such as secure cryptographic processing, a tamper-proof environment for key protection and management, and certification requirements lead to high prices for hardware security modules. This is required as organizations need to meet the quality standards. As the cost…

Source…