Adaptive Security Market Size (2024 - 2029)

Adaptive Security Market Analysis

The Adaptive Security Market size is estimated at USD 12.28 billion in 2024, and is expected to reach USD 27.92 billion by 2029, growing at a CAGR of 17.86% during the forecast period (2024-2029).

• A significant factor driving the demand growth is that firms are constantly being attacked by progressive threats such as advanced persistent threats, zero-day malware, and different targeted attacks. Dynamic and orchestrated, these modern cyberattacks seek to exploit weaknesses in an organization's traditional defenses.
• Enterprises have been adopting prevention strategies to increasingly keep track of such undetectable threats to protect the organizations' data, networks, and applications. The growing need for security compliances and regulations and the need to secure IT resources from sophisticated and complex cyberattacks are major factors expected to drive the adaptive security market over the forecast period.
• Law firm DLA Piper states that since the Europe-wide implementation of the General Data Protection Regulation (GDPR) in May 2018, the highest number of personal data breaches as of January 2023 were reported in the Netherlands, a total of around 117,434. Germany ranked second, with more than 76,000 private data breach notifications. Such a massive rise in data breaches is propelling the demand for the market.
• In addition, the advent of 5G is expected to expedite the use of connected devices in industries already pushing toward Industrial Revolution 4.0. This revolution has aided cellular connectivity throughout the industry through the rise of loT. Machine-to-machine connections are driving the traction of application security.
• Adaptive security solutions primarily need specialized expertise to be implemented effectively. Due to the lack of skilled cybersecurity professionals, organizations struggle to configure and deploy these solutions properly, limiting their effectiveness in mitigating threats and vulnerabilities.
• With the outbreak of COVID-19, most of the organization shifted to the work-from-home model due to the lockdown and social distancing measures that created a significant demand to manage and monitor applications remotely. As a result of the rising demand from organizations for adaptive security for their application services, the need for them increased.

Adaptive Security Industry Segmentation

The adaptive security market is defined by the revenue generated by the sale of adaptive solutions and services provided by critical vendors across the globe.

The Adaptive Security Market is Segmented by Application (Application Security, Network Security, End-Point Security, and Cloud Security), Offering (Service and Solution), Deployment Model (On-Premise and Cloud), End User (BFSI, Government & Defense, Manufacturing, Healthcare, Energy & Utilities, IT & Telecom, and Other End Users), and Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.