The latest report by Persistence Market Research (PMR) provides key insights and analysis on the global security incident management market. As per the report titled ‘Security Incident Management Market: Global Industry Trend Analysis 2012-2017 and forecast 2017-2025,’ the global security incident management market is witnessing significant growth in many organizations as it enables to assess the IT infrastructure and also helps to identify malicious threats. Providing proactive security monitoring with greater efficiency, security incident management also offers important feedback on various incidents that take place and minimizes the damage. Most of the organizations are investing in the security incident management in order to provide protection to the data and manage IT infrastructure.
Key Drivers and Challenges in the Global Security Incident Management Market
Key factors that are driving the growth in the global security incident management market are the rise in cyber-attacks, and to manage company’s IT infrastructure. Many companies are using security incident management technology to secure the available data, ensure the integrity and maintain confidentiality. Moreover, the rise in the Bring Your Own Device (BYOD) concept and the growth in the demand for the advanced security solution are also contributing towards the growth of the global market for security incident management market.
However, lack of awareness and knowledge of the various threats and the rise in the complexity of IT infrastructure are some of the factors hampering the growth of the global security incident management market.
The global market for security incident management is segmented on the basis of deployment, primary elements, services, industry, and region. On the basis of deployment, the market is segmented into cloud-based and on-premises. In the terms of primary elements, the segmentation includes detections, preparations, reporting, process improvement, and security incident response.
On the basis of services, the market is segmented into training, managed services, professional services, consulting, and others. While the industry segmentation includes manufacturing, IT and telecommunications, defense and government, transportation and logistics, BFSI, retail, energy and utilities, healthcare, and others.
North America to Dominate the Global Security Incident Management Market
North America is expected to remain dominant in the global security incident management market. Owing to the increasing number of multinational companies, IT companies, and small-scale companies that are the target of cyber-attacks are deploying security solutions. Moreover, stringent government regulations are also contributing to the growth of security incident management market. Meanwhile, Asia-Pacific is also expected to experience significant growth during the forecast period 2017-2025. Rising dependency on IT services in the region is fueling the market. Meanwhile, the government in China is also imposing stringent regulations on implementing security incident management in the organizations to avoid threats.
The report also offers important details on some of the major market players such as Cisco Systems, Inc., IBM Corporation, Symantec Corporation, BAE Systems, Intel Corporation, Honeywell International, Inc., Dell Inc., Verizon Communication Inc., and Check Point Software Technologies Ltd.
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