Allied Market Research

2024

Prescriptive Security Market

Prescriptive Security Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application, by Deployment Model and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

IC : Software and Services

Select an option
Author's: | Onkar Sumant
Publish Date:

Get Sample to Email

Prescriptive Security Market Statistics: 2027

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: 

  • Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global prescriptive security market in 2020.
  • Owing to worldwide lockdown, businesses have shifted to online mode for their operations, which have also increased the threat of cybercrimes. Prescriptive security services help to detect weak signals and predict risks by rapidly analyzing the data.
  • Overall, the pandemic is expected to have no major impact on the global prescriptive security market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

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. 

The market trends for global prescriptive security market are as follow:

Growth in BFSI sector to drive the market growth:

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 region to lead the market growth:

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:

  • This study presents analytical depiction of the global prescriptive security market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the prescriptive security market share.
  • The current market is quantitatively analyzed to highlight the global prescriptive security market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed prescriptive security market analysis based on competitive intensity and how the competition will take shape in coming years. 

Prescriptive Security Market Report Highlights

Aspects Details
icon_5
By Application
  • Incident Detection
  • Pattern Recognition
  • Surveillance
icon_6
By Deployment Model
  • Hosted
  • On-premises
icon_7
By Industry Vertical
  • Law Enforcement & Intelligent Agencies
  • Public Transport Security
  • Critical Infrastructure Security
  • Border Control
  • Others
icon_8
By Region
  • North America  (U.S., Canada)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
icon_9
Key Market Players

Cisco System Inc., Nice Systems Ltd., NEC Corporation, SAP ERP, Verint Systems Inc., IBM, ESRI, Hexagon, SAS Institute Inc., ATOS, Splunk Inc.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Prescriptive Security Market

Global Opportunity Analysis and Industry Forecast, 2023-2032