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Automated Breach and Attack Simulation Market Expected to Reach $5.5 Billion by 2031—Allied Market Research

 
2022
Automated Breach and Attack Simulation Market

Report Code : A06941

quote “the managed service providers segment is expected to experience fastest growth in the coming years, as it offers managed detection and response services to their clients and as a tool to optimize the cybersecurity posture of managed services”. quote

Pramod Borasi - Team Lead at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Automated Breach and Attack Simulation Market," The automated breach and attack simulation market was valued at $305.63 million in 2021, and is estimated to reach $5.5 billion by 2031, growing at a CAGR of 33.6% from 2022 to 2031.

Automated breach and attack simulation refers to a type of advanced computer security testing approach that seeks to find various security settings' vulnerabilities by simulating the attack vectors and methods hostile actors are likely to utilize. These solutions follow easy actions for installation and also require low value for maintenance comparatively. It offers security testing consistently to prevent loss from cyberattacks. 

Furthermore, increase in complexities in managing security threats and increase in demand for prioritizing security investments is boosting the growth of the global automated breach and attack simulation market. In addition, growing number of cyber-attacks across the globe is positively impacting growth of the automated breach and attack simulation market. However, lack of skilled security experts and lack of awareness related to advanced cybersecurity technologies is hampering the automated breach and attack simulation market growth. On the contrary, Rise in digitalization initiatives is expected to offer remunerative opportunities for expansion of the during the automated breach and attack simulation market forecast.  

Depending on application, the configuration management segment holds the largest automated breach and attack simulation market share as it helps automatically manage and monitor updates to configurate data. However, the patch management segment is expected to grow at the highest rate during the forecast period, as it helps in identifying system features that can be improved, and validating the installation of those updates. 

Region-wise, the Automated breach and attack simulation market size was dominated by North America in 2021, and is expected to retain its position during the forecast period, due to the rise in demand for automated breach & attack simulation solutions and services in this area. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the digital revolution occurring in cybersecurity across industrial verticals and the rapid growth of rising countries such as China and India. 

The outbreak of COVID-19 is anticipated to have a positive impact on the growth of the automated breach and attack simulation market as it enables enterprises to address critical security issues and facilitate secured information access while remote working. In addition, the danger of cyber-attacks increased significantly , with the increase in internet traffic, which in turn propelled the implementation of automated breach and attack simulation solutions with advanced data security. Furthermore, the demand to secure the data increased, as more enterprises were moving sensitive data to the cloud which in turn fuels the growth of the market.

In addition, many key players have enhanced their services to provide security for sensitive information. For instance, in May 2022, Security Gen, provided artificial cybersecurity expert breach and attack simulation and data loss prevention services platform. By providing ACE automated breach and attack simulation customers can easily achieve high levels of visibility across their entire organization without the complexities of legacy solutions.  

Automated breach and attack simulation market is adding a wide range of technologies, including machine learning and IoT-integration to help organizations become more data-driven and better strategized. As cloud service providers run extremely secure operations, most security failures are caused by customer security errors and not by cloud service provider’s security issues. Therefore, many key players introduced various strategies to expand their automated breach and attack simulation solutions.

For instance, in June 2022, Cisco launched cloud-delivered, integrated platform that secures and connects organizations of any shape and size. Cisco designed Cisco Security Cloud to be the industry's most open platform, protecting the integrity of the entire IT ecosystem without public cloud lock in. More number of such innovations are expected to provide lucrative opportunities for the expansion of the global automated breach and attack simulation industry. 

The COVID-19 pandemic highlights risks associated with economic uncertainty, such as intensified crime risks i.e., fraud and money laundering. Furthermore, the surge in COVID-19-related phishing and ransom ware assaults, where attackers use COVID-19 as bait to imitate brands and deceive workers and consumers, has fueled demand for cloud security services. This, in turn, supports the growth of the automated breach and attack simulation r market during the COVID-19 pandemic. 

Key Findings of the Study

  • By offering, the platforms and tools segment accounted for the largest Automated breach and attack simulation market share in 2021. 

  • Region wise, North America generated highest revenue in 2021. 

  • Depending on end user, the managed service provider segment generated the highest revenue in 2021. 

The key players profiled in the Automated breach and attack simulation market analysis are AttackIQ, Keysight Technologies, Qualys, Inc., Rapid7, Sophos Ltd., Cymulate, FireMon, LLC., SafeBreach Inc., Skybox Security, Inc, Skybox Security, Inc, and XM Cyber. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated breach and attack simulation industry. 

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quote Automated Breach and Attack Simulation Market by Offering (Platforms and Tools, Services), by Deployment Mode (On-Premises, Cloud), by Application (Configuration Management, Patch Management, Threat Management, Others), by End User (Enterprises and Data Centers, Managed Service Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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