Report Code: A08157 | Pages: NA | Apr 2023 | 2241 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Prescriptive Security Market
Request Now !Prescriptive security market is expected to witness tremendous growth in the future, owing to huge volume of data being generated by systems and advanced technologies in enterprises. Organizations have moved to prescriptive security from reactive analysis to prepare well before any threat or risk. Prescriptive security uses machine learning to identify patterns in data that might indicate attack in progress or zero-day threat. Automation is deployed and prescriptive security services can analyze bulk data gathered over long time and can predict risks early. Prescriptive security services are widely adopted by the financial sector, which boosts its market growth. By analyzing all financial data, it gives precised view whether a payment is suspicious and helps to detect a threat or risk.
COVID-19 Scenario Analysis:Â
Increase in safety concerns and security threats, owing to rise in digitalization across the globe boosts growth of the market. However, costly implementation, government regulations, and data protection issues hamper the market growth. Furthermore, growth in adoption of various advance technologies such as cloud, artificial intelligence, and internet of things (IoT) is expected to provide lucrative opportunities for the global prescriptive security market.Â
The banking, financial services, and insurance (BFSI) is growing at a very fast pace. The number of transactions are on the rise, owing to growth in customer base and people performing transactions from mobile devices and tablets. Furthermore, the BFSI sector is expected to boost the prescriptive security as these services help to detect and prevent suspicious mobile payments before they are initiated and provide other security measures, which would encourage the BFSI sector to adopt these services.
North America is expected to dominate the market, owing to presence of developed economies such as the U.S. and Canada in the region. These countries heavily invest in new technologies and research and developments. Enterprises and governments in the region are adopting prescriptive security solutions to predict risks before they occur, which drives the market growth
Key benefits of the report:
Prescriptive Security Market Report Highlights
Aspects | Details |
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By Application |
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By Deployment Model |
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By Industry Vertical |
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Key Market Players | ATOS, Cisco System Inc., ESRI, Hexagon, IBM, NEC Corporation, Nice Systems Ltd., SAS Institute Inc., SAP ERP, Splunk Inc., Verint Systems Inc. |
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