The adaptive security market size is estimated to grow from $3.53 billion in 2016 to $7.07 billion by 2021, at an estimated CAGR of 14.9%, according to MarketsandMarkets.
Need to defend against advanced threats is driving the adaptive security market
The major forces driving the adaptive security market are needed to defend against advanced threats, increasing need for security compliances and regulations, and limitations to traditional security solutions.
As the businesses are growing, new and sophisticated threats are created everyday which puts company and individual’s critical data at risk. This has encouraged organizations to follow security compliances and regulations while deploying security solutions to safeguard their business applications, endpoints, and networks against potential cyber threats and exploits.
Application security segment to play a key role
Network security is expected to have the largest market share and dominate the Adaptive Security Market from 2016 to 2021, due to growing demand for real-time security intelligence solutions. Application security is expected to play a key role in changing the adaptive security landscape and is projected to grow at the highest growth rate during the forecast period as deployment of web and mobile applications in organizations will continue to grow.
BFSI vertical is expected to grow the fastest in the adaptive security market
Government & defense vertical is expected to contribute largest market share in Adaptive Security Market, as government agencies holds critical and sensitive information of citizens, which are considered as the prime target for cyber criminals. The BFSI sector is expected to grow with the highest CAGR from 2016 to 2021, in the Adaptive Security Market, due to the increase in online banking transactions for businesses via web and mobile devices.
North America expected to contribute the largest market share, APAC to grow the fastest
North America is expected to have the largest market share and dominate the Adaptive Security Market from 2016 to 2021, due to the presence of large number of adaptive security vendors across these regions. APAC offers potential growth opportunities in the Adaptive Security Market, as there is a wide presence of SMEs that are turning towards adaptive security solutions to defend against advanced cyber threats.