The market for cyber crisis management is expected to reach a value of US$ 24,870.0 million in 2022 and is projected to grow at a CAGR of 7.2% to reach US$ 49,984.0 million by 2032. The likelihood of a cyber crisis has increased, which is blamed for growth. The market experienced growth at a 6.7% CAGR from 2016 to 2021.
The market for cyber crisis management has grown quickly in recent years as a result of the increased frequency of cyber-attacks, which has forced many businesses to make advance plans for potential cyber security catastrophes and data spills. By implementing a successful cyber crisis management plan, businesses can significantly speed up and improve the effectiveness of their cyber incident response efforts.
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The Cyber Crisis Management market refers to the global market for solutions and services that enable organizations to manage and respond to cyber crises effectively. Cyber crises are events that can cause significant harm to an organization’s reputation, operations, and financial stability. Cyber crisis management solutions and services help organizations to detect, respond, and recover from such events in a timely and effective manner.
The Cyber Crisis Management market can be segmented into several categories, including component, deployment, organization size, vertical, and geography. The component segment includes solutions and services. The deployment segment includes on-premise and cloud-based deployment. The organization size segment includes small and medium-sized enterprises (SMEs) and large enterprises. The vertical segment includes healthcare, financial services, government and defense, retail, and others.
The financial services segment dominated the market in 2020, accounting for more than one-third of the global revenue. The segment is expected to maintain its dominance during the forecast period, driven by the increasing regulatory requirements for cybersecurity and the growing adoption of digital technologies in the financial services industry.
Geographically, the Cyber Crisis Management market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America dominated the market in 2020 and is expected to maintain its position during the forecast period, owing to the high adoption of cybersecurity solutions and services and the presence of key market players in the region.
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Market Competition
- IBM Corporation,
- Cisco Systems Inc.,
- Hewlett Packard Enterprises,
- Rapid7 Inc.,
- Optiv Security Inc.,
- Palo Alto Networks, Inc.,
- WhiteHat Security,
- McAfee LLC,
- Symantec Corporation, and
- Juniper Networks, Inc.
are among some prominent players in the worldwide cyber crisis management market.
Owing to the enormous amount of competitors, the market is extremely contentious. While global companies such as IBM Corporation, Cisco Systems Inc., Hewlett Packard Enterprises, Rapid7 Inc., and Optiv Security Inc. control a sizable share of the market, numerous regional level competitors are also active in major development regions, notably North America.
Key Segments Profiled In The Cyber Crisis Management Industry Survey
Cyber Crisis Management Market by Type:
- Cloud Based
- On Premise
Cyber Crisis Management Market by Application:
- IT & Telecommunications
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Media & Entertainment
- Automotive
- Aerospace & Defence
- Others
Cyber Crisis Management Market by Verticals:
- Cyber Crisis Management for Government and Financial institutions
- Cyber Crisis Management for IT and Telecom
- Cyber Crisis Management for Healthcare and life sciences
- Cyber Crisis Management for Retail and consumer goods
- Cyber Crisis Management for Media and Entertainment
- Cyber Crisis Management for Automotive
- Cyber Crisis Management for Aerospace and Defence
- Cyber Crisis Management for Other Verticals
Cyber Crisis Management Market by Region:
- North America Cyber Crisis Management Market
- Latin America Cyber Crisis Management Market
- Europe Cyber Crisis Management Market
- Asia Pacific Cyber Crisis Management Market
- Middle East & Africa Cyber Crisis Management Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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