Data Center Networking Market Size, | Industry Growth, Upcoming Trends And Forecast Upto 2030

Data Center Networking Market Trends Booming: Increased Digitalization Drives Growth

A new report by MarketsandMarkets predicts significant growth in the data center networking market. The market is expected to reach USD 64.2 billion by 2029, up from USD 37.6 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 11.3%. This growth is fueled by the increasing digitalization and automation of businesses.

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Key Findings:

• Enterprises Lead the Way: Businesses are the biggest spenders on data center networking solutions. They seek innovative technologies to handle growing data volumes and ensure reliable IT operations. These technologies support data analysis, cloud computing, and IT systems management, ultimately leading to a competitive edge.
• Software Takes the Lead: Software is expected to see the fastest growth within the data center networking market. This software manages complex data center environments, ensuring efficient network operation and high data center productivity. Growing demand for network virtualization and next-generation networks further drives software adoption. Additionally, AI and machine learning integration helps predict network issues, automate tasks, and optimize overall performance.
• Europe's Strong Showing: Europe holds the second-largest market share. The region is experiencing rapid advancements in networking technologies, crucial for innovations like AI, machine learning, and big data. Government support for digitalization and data privacy regulations are also propelling the market forward.

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Deep Dive:

You can find a detailed report with 277 market data tables, 55 figures, and an in-depth table of contents.

Major Players:

The report also identifies key players in the data center networking market, including:

• NVIDIA (US)
• Arista Networks (US)
• Dell (US)
• Cisco (US)
• Huawei (China)
• Broadcom (US)
• Many more

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

IoT MVNO Market Strategy and Remarkable Growth Rate By 2030

Explosion of Connected Devices Drives Growth in Specialized Connectivity: IoT MVNO Market Size to Reach $6.8 Billion by 2028

The Internet of Things (IoT) revolution is in full swing, with an ever-increasing number of devices connecting to the internet. This surge is driving demand for specialized connectivity solutions tailored for these devices, and a new report by MarketsandMarkets forecasts the IoT MVNO market to skyrocket to USD 6.8 billion by 2028, up from USD 2.9 billion in 2023. This translates to a significant Compound Annual Growth Rate (CAGR) of 18.2%.

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What's Behind the Growth?

• A Booming Device Landscape: The sheer number of connected devices – from smart sensors in factories to wearables for fitness tracking – is fueling the need for dedicated solutions.
• Data-Driven Decisions: Businesses are increasingly seeking insights from the vast amount of data generated by IoT devices. Reliable connectivity is essential for capturing and analyzing this data.
• Flexibility and Control: IoT MVNOs offer customized plans and features, allowing businesses to manage connectivity costs and adapt to their specific needs.
• Security Concerns: Securing sensitive data collected by IoT devices is paramount.
  IoT MVNOs can provide robust security solutions.

Who's Driving the Market?

• Service Operators Take the Lead: Service operators, well-positioned due to their existing infrastructure, are expected to experience the fastest growth. They offer comprehensive solutions to cater to the diverse needs of businesses.

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Leading the Charge in Applications:

• Transportation & Logistics Reigns Supreme: The transportation and logistics industry heavily relies on IoT devices to track goods, monitor assets, and optimize supply chains. This sector is anticipated to hold the largest market share throughout the forecast period.

Regional Powerhouse:

• North America Leads the Pack: North America is expected to maintain its dominance in the IoT MVNO market. Government support, high levels of investment in IoT technologies, and a mature telecommunications infrastructure contribute to this leadership.

Key Players Shaping the Future:

The market boasts established players like KDDI and KORE Wireless alongside rising stars like Twilio and Soracom. These companies are actively pursuing growth strategies through partnerships, product innovation, and acquisitions.

Looking Forward:

As the number of connected devices continues to rise and businesses demand more tailored solutions, the IoT MVNO market holds immense potential. Advancements in connectivity technologies and security measures will further fuel growth, paving the way for a more connected and data-driven future.

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Agriculture Analytics Market Share, Growth Prospects and Key Opportunities by 2030

Data-Driven Farming: Agriculture Analytics Market Poised for Growth

The agricultural sector is undergoing a digital transformation, fueled by the growing need for food security amidst a rising global population. Farmers are increasingly turning to data-driven insights to optimize crop yields and resource management. This trend is propelling the agriculture analytics market, which is expected to reach a value of USD 2.5 billion by 2028, up from USD 1.4 billion in 2023. This translates to a promising Compound Annual Growth Rate (CAGR) of 13.1%.

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Key Drivers:

• Demand for Food Security: With a growing population, pressure to maximize food production is mounting. Agriculture analytics empowers farmers to make data-driven decisions that enhance yields and resource efficiency.
• Technological Advancements: The rise of technologies like the Internet of Things (IoT) and remote sensing generates vast amounts of data. Agriculture analytics market solutions leverage this data to provide actionable insights.

Market Segmentation:

• Solutions Lead the Way: The solutions segment is expected to hold the largest market share. This segment offers a variety of tools that collect, process, and analyze agricultural data from diverse sources. These insights enable farmers to make informed decisions about their operations.
• Remote Sensing Takes Flight: Remote sensing and satellite imagery are revolutionizing agriculture by providing valuable data on crop health, land use, and environmental conditions. This allows farmers to monitor their fields without extensive on-the-ground work.
• Farmers Embrace Precision: The farmers' segment is projected to be the largest end-user group. Precision agriculture techniques, powered by GPS, remote sensing, and data analytics, empower farmers to optimize resource allocation, reduce waste, and improve environmental sustainability.

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Regional Landscape:

• North America Dominates: North America is expected to maintain its dominance in the agriculture analytics market throughout the forecast period. This is due to factors like the presence of leading technology providers, advanced infrastructure, and a strong focus on digital adoption in agriculture.

Major Players:

The market features a range of established and emerging players, including Deere & Company, IBM, Bayer, SAP, and Trimble. These companies offer a variety of agriculture analytics solutions that cater to the diverse needs of farmers across the globe.

Looking Forward:

As the agriculture sector embraces digital transformation, the demand for agriculture analytics solutions is expected to surge. Advancements in areas like artificial intelligence and big data analytics will further empower farmers to make data-driven decisions and optimize agricultural practices, leading to a more sustainable and productive future for food production.

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

Remote Work Security Market To 2030 | Upcoming Trends And Opportunities In Report And Forecast

Booming Remote Work Demands Strong Security: Market Set to Reach $136 Billion by 2028

The way we work has fundamentally changed. With the rise of remote work, fueled by technology advancements and the global pandemic, protecting sensitive data has become a top priority. A new report by MarketsandMarkets predicts the remote work security market size will skyrocket to a staggering USD 136.0 billion by 2028, up from USD 51.7 billion in 2023. This translates to a significant growth rate of 21.3% annually.

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This surge is driven by several key factors:

• Remote Work on the Rise: The pandemic forced businesses to embrace remote work models, and many have discovered its benefits – flexibility, cost savings, and access to a global talent pool. As remote work becomes the norm, robust security solutions are essential.
• Securing a Scattered Workforce: With employees accessing company data from various locations outside the office network, the risk of cyberattacks increases. Organizations need strong security measures to safeguard data privacy, integrity, and confidentiality.

Network Security Leads the Charge:

Network security forms the foundation of remote work security and is expected to hold the largest market share throughout the forecast period. Here's why it's crucial:

• Protecting Communication Channels: Tools like Virtual Private Networks (VPNs), firewalls, and Intrusion Detection/Prevention Systems (IDS/IPS) are vital for securing data transfer between remote employees and the company network. These technologies encrypt data, monitor traffic, and prevent unauthorized access, ensuring secure connections in this dispersed work environment.

Retail & E-Commerce: Prioritizing Customer Data Protection:

The retail and e-commerce sector, which handles sensitive customer information like payment details and personal data, is expected to see the fastest growth in the remote work security market. Here's how they address security:

• Access Control & Encryption: Retailers rely on strong authentication methods and secure VPNs to prevent unauthorized access to their systems. Additionally, data encryption safeguards sensitive customer information and financial transactions, even if intercepted by malicious actors.
• Compliance is Key: This sector must adhere to strict regulations like PCI DSS to ensure secure handling of payment card data. Non-compliance can result in hefty fines and reputational damage.

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Asia Pacific: A Hotbed for Growth:

The Asia Pacific region is projected to experience the fastest growth in the remote work security market. This surge is driven by several factors:

• Thriving Economies & Tech Adoption: Rapidly developing countries in the region are witnessing increased remote work adoption and cloud integration. This necessitates robust security solutions for remote work environments.
• Government Regulations & Growing Security Threats: Growing awareness of cyber threats and government regulations promoting data security are driving investments in remote work security technologies across the region.

The Future of Remote Work Security: Innovation on the Horizon

As remote work becomes the new normal, the demand for innovative security solutions will continue to rise. We can expect advancements in areas like:

• Zero Trust Network Access (ZTNA): This emerging technology grants access based on the principle of "least privilege," ensuring only authorized users and devices can access specific resources.
• Cloud-Based Security: Cloud-based security platforms can offer more comprehensive and scalable protection for remote workforces.
• AI-powered Threat Detection: Artificial intelligence can play a crucial role in identifying and mitigating security threats in real-time.

By investing in the right remote work security solutions, organizations can empower their remote workforce and create a secure and productive work environment for the future.

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Passenger Information System Market Analysis By Top Company, Regions, Type And Application, Trends, And Forecasts 2024-2028

Passenger Information Systems Market Poised for Strong Growth

The passenger information system (PIS) market is experiencing a significant boom, projected to reach a value of USD 52.6 billion by 2028, up from USD 29.3 billion in 2023. This translates to a promising Compound Annual Growth Rate (CAGR) of 12.4%.

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This growth is driven by several key factors:

• Rising Demand for Real-Time Information: Passengers today expect up-to-date information on arrival/departure times, delays, gate changes, and other travel details. PIS systems empower passengers with this information, leading to a smoother and more informed travel experience.
• Technological Advancements: Innovation in the market fuels growth. Display systems are becoming more advanced, offering improved visual clarity and user interfaces. Additionally, emerging technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and Big Data are being integrated into PIS solutions. This allows for features like personalized information delivery, predictive maintenance, and real-time passenger flow analysis, further enhancing the passenger experience.
• Focus on Improved Operations: PIS systems benefit not only passengers, but also transportation operators. Real-time data allows for better scheduling, congestion management, and faster responses to disruptions. This leads to smoother operations and reduced delays.

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Market Segmentation:

The PIS market is segmented by offering (solutions and services), location (on-board and in-station), transportation mode (railways, roadways, and airways & waterways), and region.

• Solutions vs. Services: The display system segment is expected to hold the largest market share due to the increasing demand for visual information and advancements in display technology. However, the services segment is projected to experience a higher growth rate. This is driven by the rising demand for managed services, which alleviate the burden on transportation authorities and companies by providing maintenance, updates, and security expertise. Additionally, the growing complexity of PIS solutions necessitates specialized services like system integration and data analysis.
• Geographical PIS market Growth: The Asia-Pacific region is expected to be the fastest-growing market. This growth is fueled by rapid infrastructure development, government initiatives promoting smart cities, and rising urbanization. Initiatives like India's Smart Cities Mission and China's investments in high-speed rail contribute to this trend.

Competitive Landscape:

A dynamic and competitive market like PIS fosters continuous innovation. Leading companies like Advantech, Alstom, Cisco, and Siemens are constantly vying to develop the most sophisticated and cost-effective solutions. This competition benefits both passengers and transportation authorities by offering a wider range of choices and accelerating the pace of technological advancements.

Looking Forward:

The future of the PIS market is bright. As technology continues to evolve, we can expect even more advanced systems with features like personalized travel recommendations, interactive maps, and integration with mobile applications. This will further enhance the passenger experience and optimize transportation operations, contributing to a more efficient and enjoyable travel experience for everyone.

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Supply Chain Analytics Market Growth Insight, Size, Share, Trends, Regional Forecast To 2027

The region's supply chain analytics market is expanding as a result of the fast-paced infrastructure development, widespread acceptance of digital technologies, and rise in real-time data in supply chain organisations. The region's supply chain analytics market is growing because of the state-of-the-art offerings from various suppliers who specialize in providing dashboards for analysis to make calculated business decisions.

The global Supply Chain Analytics Market size is projected to grow from USD 5.2 billion in 2022 to USD 13.5 billion by 2027, at a CAGR of 21.0% during the forecast period, according to report published by MarketsandMarkets. 

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The market for supply chain analytics is divided into two segments: cloud and on-premises. Over the course of the projection period, the cloud deployment mode is expected to witness a higher CAGR and a larger market size. In comparison to the on-premises strategy, the cloud deployment option is being adopted more swiftly because of its cost, scalability, and flexibility. It provides an organization more control over the systems, infrastructure, and server, enabling them to be configured to satisfy particular business requirements. The cloud deployment approach provides better control, reduced risks, and enhanced performance. It also has features that are affordable, adaptable, and user-friendly. These solutions require less maintenance, are always accessible from anywhere at any time, and are simpler to physically set up.

The supply chain analytics market share is divided into two segments: major organizations and SMEs. Over the course of the projection period, the SMEs' CAGR is anticipated to be at its greatest. It is anticipated that the supply chain analytics market for SMEs will expand because of its affordability, scalability, and flexibility. Products and services related to supply chain analytics would increase operational effectiveness, create revenue for SMEs, and yield the required outcomes. SMEs still face three main challenges, though: funding, knowledge, and scalability.

Due to the expansion of e-commerce and real-time customer analytics, data is becoming an essential part of the supply chain ecosystem. There is a need for security since the amount of data is expanding so quickly. Organizations and governments are concentrating on a strong defence architecture in response to the rising incidence of cyberattacks and a developing cyberwar in the area. As Industry 4.0 and digital technologies develop, data is offering businesses a competitive edge, helping to address a number of supply chain sector challenges. Organizations may link and monitor every stage of the supply chain process, freely share data between departments, and get insights to improve efficiency and decision-making by implementing a digital supply chain strategy.

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Market Players

Major vendors in the global supply chain analytics market are SAP (Germany), Oracle (US), IBM (US), SAS Institute (US), Software AG (Germany), MicroStrategy (US), Tableau (US), Qlik (US), TIBCO (US), Cloudera (US), Logility (US), Savi Technology (US), Infor (US), RELEX Solutions (Finland), TARGIT(Denmark), Voxware (US), The AnyLogic Company (US), Antuit (US), Axway (US), AIMMS (Netherlands), BRIDGEi2i (India), Domo (US), Datameer (US), 1010data(US), Rosslyn Analytics(UK), Manhattan Associates (US), Salesforce (US), Zebra Technologies (US), Dataiku (US), Intugine Technologies (India), Lumachain (Australia), Hum Industrial Technology (US), Pafaxe (UK), SS Supply Chain Solutions (US),  and DataFactZ (US).

About MarketsandMarkets™

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.

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 moulded 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 MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact: 
Mr. Rohan Salgarkar
MarketsandMarkets™ INC 
630 Dundee Road
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com 

Security Automation Market Trends, Unveiling The Potential Scope For 2024-2030

According to a new analysis by MarketsandMarketsTM, the size of the global Security Automation Market is expected to increase at a CAGR of 13.4% over the forecast period, from USD 8.9 billion in 2023 to USD 16.7 billion by 2028. Over the course of the forecast period, the security automation market is anticipated to rise significantly due to a variety of business drivers. The market is expanding significantly due to growing complexity and risks to cybersecurity as well as improved real-time detection and response capabilities. The rise in the market is also being driven by an increase in ransomware and phishing email events, as well as the requirement to guarantee regular compliance with security guidelines and enable audit trails.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266165  

Security Automation Market Dynamics:

Drivers:

1. Rise in cybersecurity threats and complexity.
2. Increase in ability to detect and respond to security incidents in real time.
3. Growth in incidents of phishing emails and ransomware.
4. Need to ensure consistent adherence to security policies and facilitate audit trails.

Restraints:

1. Concerns related to data privacy.
2. Uncertainty in third-party applications.

Opportunities:

1. Rise in advent of predictive analytics to anticipate potential threats.
2. Advancements in quantum computing to mitigate quantum-based attacks.

List of Key Players in Security Automation Market:

·         Palo Alto Networks (US)

·         Splunk (US)

·         CyberArk (US)

·         Check Point (Israel)

·         CrowdStrike (US)

·         Red Hat (US)

·         Cisco (US)

·         Carbon Black (US)

·         Trellix (US)

·         IBM (US)

Security automation is the automation of security tasks, including both administrative duties and incident detection and response. Security automation provides numerous benefits to the organization by enabling security teams to scale to handle growing workloads. The primary goals of security automation are to enable faster incident response and to increase security agility.

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By services, managed services to register for the highest CAGR during the forecast period

The services segment of the security automation market is growing rapidly. The managed services are vital in properly functioning security automation solutions. Security automation vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market. Managed services are crucial in the security automation market as they offer specialized services and support to organizations requiring security automation solutions. Their role encompasses various aspects that help businesses leverage the full potential of these technologies effectively.

By technology, AI & ML to register for the highest market size during the forecast period

AI and ML technologies are playing a pivotal role in shaping the landscape of the security automation market. These advanced technologies are revolutionizing the way organizations detect, respond to, and mitigate cybersecurity threats. AI and ML have become integral components of security automation, driving the growth and evolution of this market.

By region, Asia Pacific accounted for highest growth rate during forecast period

Asia Pacific is witnessing significant technological innovation in security automation. Several Asian countries, such as Japan, China, and India, are leveraging information-intensive technologies, and security automation is one of the leading technology trends. With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are interested in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues.

Some major players in the security automation market include Palo Alto Networks (US), Splunk (US), CyberArk (US), Check Point (Israel), CrowdStrike (US), Red Hat (US), Cisco (US), Carbon Black (US), Trellix (US), IBM (US), Secureworks (US), Tenable (US), Microsoft (US), Swimlane (US), Tufin (US), Sumo Logic (US), Google (US), LogRhythm (US), Exabeam (US), ManageEngine (India), Fortinet (US), Devo Technology (US), D3 Security (Canada), Logsign (Netherlands), Vulcan Cyber (Israel), Cyware (US), Cyberbit (US), SIRP (US), Tines (Ireland), Veriti (Israel), Vanta (US), Drata (US), Anvilogic (US), and Torq (US).

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com