Market Definition
The global prescriptive security market was valued at USD 53.2 billion in 2021 and is projected to grow to USD 88.3 billion by 2031, with a CAGR of 5.2% during the forecast period. Prescriptive security involves a defined set of security controls and procedures designed to protect an organization’s assets by addressing specific security risks. While this model offers a structured approach to risk management, it has faced criticism for its rigidity and lack of adaptability to the evolving nature of security threats. Each organization has unique security requirements, which can limit the model’s applicability across different contexts.
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Market Dynamics
The increasing complexity of security in today’s digital landscape is expected to drive the demand for prescriptive security solutions. Organizations are investing significantly in preventive measures to mitigate the risks of cyber threats, especially in light of alarming statistics indicating that global businesses could incur losses exceeding USD 6 trillion annually due to cybercrime. Consequently, the push for tailored security solutions that address specific cybersecurity challenges is prompting organizations to adopt prescriptive security measures more broadly, enhancing their overall resilience against cyber threats.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The report analyses the global prescriptive security market based on deployment, application, end-user, and region. By deployment, the market is segmented into Hosted and On-premises. By application, the prescriptive security market is classified into Incident Detection, Pattern Recognition, and Surveillance. The end-user segment of the market is bifurcated into Public Transport Security, Critical Infrastructure Security, Border Control, and Others. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
Key Player
- ATOS
- Cisco System Inc.
- ESRI
- Hexagon
- IBM
- NEC Corporation
- Nice Systems Ltd.
- SAS Institute Inc.
- SAP ERP,
- Splunk Inc.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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