The global adaptive security market is expected to grow from USD 3.53 Billion ito USD 7.07 billion during 2016 to 2022 with a CAGR of 14.9%. The major factors which are driving the market growth of adaptive security globally are continuous change in technology infrastructure nature, increasing risk of high profile attack to organization infrastructure, destruction of critical infrastructure and increase in online attacks. Along with this factors like improved security feature and its ability to control and fight for cybercrime effectively is also contributing for the growth of adaptive security market globally. Increasing awareness among people concerning about threat for data and increasing need of security in the organizations are offering opportunity for adaptive security market growth. Although there are also the factors which are proving for hampering for the growth of the market of adaptive security such as high time period that is required to implement the security measure by security system and during this period the system is totally dependent on conventional protection system like intrusion prevention system (IPS) and intrusion Detection System (IDS) which are not able to block advanced threat.
The adaptive security market globally is classified on the basis of organization size, on the basis of vertical, on the basis of deployment mode, on the basis of component, on the basis of application and on the basis of geography. Based upon the organization size the market of adaptive security is further classified by small and medium enterprises (SME) and large enterprises. Based upon the vertical the adaptive security market is further classified by government and defense, Retail, Banking, financial services, and Insurance (BFSI), IT and Telecom, Energy and Utilities, Healthcare, Manufacturing, Education, and others. Based upon the deployment type the market is further classified by Cloud and on-premises. Based upon the component the market is further classified as solution and services. Services is again segmented in to professional services (consulting, training, and education services) and managed services. Based upon the application the market is further classified by to network security, Application security, endpoint security, Cloud security, and other application.
On the basis of the geography the adaptive security market is mainly segmented into North America, Latin America, Europe, APAC and the rest of the world. North America is projected to lead the global market of adaptive security and hold the largest market share during the forecast period due to existence of large number of adaptive security vendor in countries of the region of North America.
High growth is predicted in the region of Asia Pacific due to wide presence of small and medium enterprises (SME) which are bending towards adaptive security solutions to protect against advanced cyber threats.
The adaptive security market is dominated by some of the major key players such as Aruba Networks, A Hewlett Packard Enterprise Company, Trend Micro, Inc, Cisco Systems, Inc., , EMC RSA, Fireeye, Inc., Cloud wick, Illumio, Juniper Networks. these are the key player who dominate the world market with 50% share of global adaptive security market.