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Breach and Attack Simulation Market worth USD 2,405.4 million by 2029- Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

10 Oct, 2024, 14:01 GMT

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DELRAY BEACH, Fla., Oct. 10, 2024 /PRNewswire/ -- The global Breach and Attack Simulation Market size is projected to grow from USD 729.2 Million in 2024 to USD 2,405.4 Million by 2029 at a Compound Annual Growth Rate (CAGR) of 27.0% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on "Breach and Attack Simulation Market"

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350– Tables
50 - Figures
350 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43164821

Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Million) 

Segments Covered

Offering, Services, Deployment Mode, Organization Size, Application, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America  

Companies covered

Major vendors in the global Breach and Attack Simulation Market are Cymulate (US), AttackIQ (US), XM Cyber (Israel), SafeBreach (US), Picus Security (US), Qualys (US), Rapid7 (US), IBM (US), Fortinet (US), Mandiant (US), Keysight Technologies (US), Aujas (US), Cytomate (Qatar), ReliaQuest (US), Detectify (Sweden), Scythe (US), BreachLock (US), CyCognito (US), Skybox Security (US), Aquila I (India), ImmuniWeb (Switzerland), ThreatGen (US), Strobes Security (US), NopSec (US), SimSpace (US), PurpleBox (US), and Kroll (US).     

The need to conduct continuous security validation and digital transformation initiatives drives growth in the Breach and Attack Simulation Market. Security audits equip organizations to proactively detect vulnerabilities during the development cycle, enhancing resilience. As these breach and attack simulation tools simulate advanced cyberattacks and validate based on real-time, this process is streamlined, reducing risk.

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With the rising tide of digital transformation entering the healthcare and financial sectors, ever-increasing deployments of breach and attack simulation tools would be required with growing cybersecurity risks from an insider threat and compliance. Organizations like Cleveland Clinic, JPMorgan Chase, and Siemens implement breach and attack simulation to protect sensitive information and maintain compliance, thus emphasizing breach and attack simulation solutions in the wake of evolving cyber threats.

By Offering, the Platform & Tools segment will account for the highest market size.

By offering segment, the largest share is captured by the platform and tools segment. The comprehensive security assessments offer continued monitoring capabilities and seamless integration with existing security frameworks, enabling higher investment in cybersecurity and increasing threats, which will surely increase the adoption of these tools. AttackIQ, Cymulate, and Rapid7 have the most advanced continuous testing and threat management solutions among the big players. The North American region heads the fray with massive investments in R&D in this segment, and the telecom sector is increasingly turning towards the breach and attack simulation platforms to lock away sensitive data.

By Services, the Managed Services segment will grow at the highest CAGR during the forecast period.

The managed services segment is expected to grow fastest in the Breach and Attack Simulation Market because more companies are turning towards managed security services for inexpensive security solutions. MSPs provide constant security validation across diverse environments using the breach and attack simulation tools, helping to bridge an inadequate supply of skilled cybersecurity professionals and enabling organizations, such as SMEs, to scale and strengthen their defenses. To that end, compliance requirements further fuel the adoption of MSPs. Asia Pacific will rapidly grow due to digitalization and the rapid growth of SMEs. North America will remain an important market, as there has been substantial investment in advanced cybersecurity technologies through research and development.

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By Region, Europe will grow at the highest CAGR during the forecast period.

Demand for solid cybersecurity measures is driving the growth of the Breach and Attack Simulation Market in Europe. Regulation from the GDPR boosts this growth. France, one of Europe's largest data center suppliers, with over 2,200 cases of cyberattacks per day globally, has gained increased neutral data centers, boosting the need for breach and attack simulation solutions. breach and attack simulation tools have mainly been integrated with AI and machine learning to enhance functionalities. Due to this increase in functionality, Darktrace's "Heal AI" platform was thus able to identify threats in real time. Telecom companies also aggressively use breach and attack simulation to defend the complex infrastructures used by companies such as SecurityGen ACE-based platforms.

Top Key Companies in Breach and Attack Simulation Market:

The report profiles key players such as Cymulate(India), Attackiq(US), XM Cyber(Israel), Safebreach(Israel), Picus Security(US), Cytomate(Qatar), Reliaquest(US), Detectify(Sweden), Scythe(US), Breachlock(US).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

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Get access to the latest updates on Breach and Attack Simulation Companies and Breach and Attack Simulation Industry 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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