Security and vulnerability management refers to the ongoing, regular process of various processes, tools, and strategies for identifying, evaluating, treating, and reporting security vulnerabilities and misconfigurations within an organization's software and systems. The implementation of security and vulnerability management alongside with other security tactics is vital for organizations to prioritize possible threats and minimize their attack surface. The main components of security and vulnerability management are software and services. Services involving security and vulnerability management are used to identify, prioritize, and evaluate vulnerabilities and help organizations with effective vulnerability management. The various organization sizes include small and medium scale and large scale and involve various targets such as content management system vulnerabilities, API vulnerabilities, internet of things (IoT) vulnerabilities, and others. These are used in several applications, including banking, financial services and insurance (BFSI), government and defence, healthcare, IT and telecom, retail, and others. The security and vulnerability management market research report is one of a series of new reports from The Business Research Company that provides security and vulnerability management market statistics, including security and vulnerability management industry global market size, regional shares, competitors with a security and vulnerability management market share, detailed security and vulnerability management market segments, market trends and opportunities, and any further data you may need to thrive in the security and vulnerability management industry. This security and vulnerability management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global security and vulnerability management market size grew from $13.4 billion in 2022 to $14.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security and vulnerability management market size is expected to grow to $19.11 billion in 2027 at a CAGR of 7.2%. The rise in the adoption of security and vulnerability assessment and management tools is expected to drive the growth of the security and vulnerability management market going forward. Security and vulnerability management tools aid in the assessment, identification, and reporting of security flaws. A large number of firms are utilizing security and vulnerability assessment and management technologies to minimize security issues. For example, in October 2021, Synk, a US-based security company operating in security and vulnerability management, broadened its portfolio with Snyk Code, a static application security testing (SAST) tool that already supports Java, JavaScript, and Python, now it includes support for C#, Ruby, PHP, and Go. In the last 12 months, Snyk clients and customers have run more than 300 million tests, fixing more than 30 million vulnerabilities in a 90-day timeframe. Snyk also announced that its annual recurring income (ARR) has climbed by 154 percent year over year, owing to a customer base that currently includes over 1,200 companies such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce. Therefore, the rise in the adoption of security and vulnerability assessment and management tools is driving the security and vulnerability management market. Technological advancements have emerged as a key trend gaining popularity in the security and vulnerability market. Major companies operating in the security and vulnerability management sector are focused on developing innovative products and applications to strengthen their position. For Example, in May 2022, New Relic, a US-based observability company, launched New Relic Vulnerability Management. It will enable organizations to identify and address security risks more quickly and precisely. In order to manage security and risk comprehensively, every member of the software team, including security engineers, can use New Relic as the default platform to aggregate native and third-party security signals across the entire software stack. Using mappings and correlations, engineers can monitor, debug, and secure the entire software stack more effectively and reduce overall risks. In June 2021, Cisco, a US-based company operating in security and vulnerability management, acquired Kenna Security for an undisclosed amount. Through this acquisition, Cisco clients will be able to tackle important security posture concerns by collaborating cross-functionally to swiftly automate cybersecurity threat prediction, prioritization, identification, and remediation. Cisco will be able to lower the attack surface as well as the time it takes to detect and respond to security threats. Kenna Security Inc., is a US-based company that manufactures risk-based vulnerability management software for vulnerability management. Major players in the security and vulnerability management market are IBM, McAfee, Broadcom Inc., Qualys Inc., Dell, Acunetix, AT&T, Balbix, Breachlock Inc., Brinqa, Claroty, Digital Defense Inc., F-Secure Corporation, Holm Security, Rapid7, Positive Technologies, RiskIQ, and NetIQ Corporation. North America was the largest region in the security and vulnerability management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security and vulnerability management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the security and vulnerability management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The security and vulnerability management market consists of revenues earned by entities that are engaged in providing services such as System Misconfigurations, Out-of-date or Unpatched Software, Missing or Weak Authorization Credentials, Malicious Insider Threats, Missing or Poor Data Encryption, Zero-day Vulnerabilities, Vulnerability Detection, Cyber Security Vulnerability Assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global security and vulnerability management market is segmented - 1) By Component: Software, Services 2) By Organization Size: Small and Medium Scale, Large Scale 3) By Target: Content Management System Vulnerabilities, API Vulnerabilities, Internet of Things (IoT) Vulnerabilities, Other Targets 4) By Application: Banking, Financial Services And Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Retail, Other Applications

Smart home security is a group of physical and technological components that work together to allow users to remotely monitor and manage their houses in real-time, alerting homeowners to strange behaviour or unwanted attempts to enter doors or windows. The main products of smart home security are smart alarms, smart cameras and monitoring systems, smart locks and sensors, and smart detectors. A smart alarm is a system that uses wireless technology, home networks, and mobile phones to integrate security with day-to-day life. The components of smart home security are hardware, software, and service. The various types of applications are in independent homes, apartments, and condominiums. The smart home security market research report is one of a series of new reports from The Business Research Company that provides smart home security market statistics, including smart home security industry global market size, regional shares, competitors with a smart home security market share, detailed smart home security market segments, market trends and opportunities, and any further data you may need to thrive in the smart home security industry. This smart home security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart home security market size will grow from $3.27 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart home security market size is expected to grow to $8.39 billion in 2027 at a CAGR of 20.6%. The smart home security market is driven by increasing crime rates across the globe. With the increasing crime rates, the consumers are increasingly focusing on safety and security systems especially in residential areas. Smart home devices such as smart alarms, smart cameras, and smart lockers are being preferred by the households to be more safe and secure. According to home burglary statistics, 88% of all burglaries are residential in nature and there is 300% possibility of theft in homes without security systems. Moreover, according to an article published by Federal Bureau of Investigation Crime Data Explorer, a US-based provider of statistics in law enforcement, the FBI estimated crime statistics for the country in 2021 based on data received from 11,794 of the country's 18,806 law enforcement agencies that year. There were 694,050 violent crime incidents and 817,020 offences reported in the United States in 2021 by 11,794 law enforcement agencies that submitted National Incident-Based Reporting System (NIBRS) data, accounting for 64% of the total population. Therefore, the increasing crime rates across the globe are driving the growth of the smart home security market. The high installation costs of smart home security devices is restraining the growth of smart home security market. Being a relatively new technology, the setup cost for smart home security and the cost of other related expenses such as utilities, maintenance, and repair of the technology are high as well. Cost of home security devices depends on the plan of the installation and size of the property. Installation of alarm systems and security cameras is more expensive when compared to other smart home security devices. The basic smart home security system consisting of a burglar alarm, thermostat, outdoor lighting and a backdoor lock which can be controlled from remote device costs $2,500. And an advanced and high-end security and home automation systems cost $1.8 million. For instance, in November 2022, according to an article published by Safewise, a US-based provider of information and tools on internet security and home safety, monitoring costs for a home security system range from $5 to $65 per month, with an average of $32 per month. Installation costs range from $0 to $200, and basic equipment costs $350; individual equipment costs between $5 and $400. Smart home security systems manufacturers are increasingly integrating technologies with visual recognition based on AI (Artificial Intelligence) in security devices. AI is developing to a new stage where the security confirmation and authentication will be processed from face and visual recognition. Home security systems such as consumer video cameras are integrated with AI technology with a new security validation framework to enhance safety and security through facial recognition, fingerprints and voice recognition. AI is proposed to be applied in smart alarms to create databases of all incoming alerts, which then could be analyzed to predict false alarms. For instance, in June 2022, Infineon Technologies AG, a Germany-based manufacturer of semiconductors, launched its battery-operated Smart Alarm System (SAS). The technology platform uses sensor fusion based on artificial intelligence/machine learning (AI/ML) to achieve high precision and extremely low-power operation. Performance is astounding when this technique is used in conjunction with low-power wake-on acoustic event detection. The compact design achieves equal to or greater battery life compared to less sophisticated solutions while outperforming the detection accuracy of acoustic-only alarm systems currently used in smart homes and buildings and other IoT applications. California's Senate Bill 327, states the security regulations to be followed for all devices that connect to the internet, including smart home security. The bill requires the manufacturer of such a device to be equipped with appropriate security features, designed to prevent unauthorized access, modification, or information disclosure. The bill states that the information collected by the device should be appropriate and protected from unauthorized use. Also, if the device needs to be used outside the local area network, the user should generate a new password other than the one allotted to it by default, in order to prevent attack by hackers. This bill is proposed to be effective from January 1, 2020, in California, US. In September 2021, Security Alarm Corporation (SAC), a commercial and residential systems integration company, acquired Alert Alarm Systems Plus, Inc. (AASP) of Sarasota, FL. The goal of this acquisition is to expand the company's Gulf Coast and AASP markets. Alert Alarm Systems Plus, Inc.'s company offers security control equipment and monitoring services. Major players in the smart home security market are ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology, Frontpoint Security Solutions, Ring, Samsung, Vivint Smart Home Security, Simpli Safe, Robert Bosch, Protect America, Alphabet, Apple, Comcast, Netgear, Skybell Technologies, Alarm.com, Canary Connect, AT&T, August Home, Google, Butterfleye, Tyco Security Products, Livewatch Security, G4S, Cocoon Labs, Legrand, and Ingersoll Rand. The Asia-Pacific was the largest region in the smart home security market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global smart home security market report during the forecast period. The regions covered in the global smart home security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart home security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart home security market consists of sales of security devices for household use that can be connected to Wi-Fi and accessed from anywhere using smartphones, smartwatches or voice. The security devices produced include devices such as smart alarms, smart cameras, smart locks, smart detectors, and others. This market does not include the installation of these devices and/or integration with the home set-up. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart home security market is segmented - 1) By Product: Smart Alarms, Smart Camera and Monitoring System, Smart Locks and Sensors, Smart Detectors 2) By Application: Independent Homes, Apartments, Condominiums 3) By Component: Hardware, Software, Service

Security as a service refers to a business model in which a service provider provides or integrates security solutions into the company’s infrastructure on a subscription basis. With the utilization of security as a service model, companies benefit from the expertise of a dedicated security team specialized in preventing breaches in cloud computing environments. The main types of security as a service include solutions and services. The solution refers to security solutions offered through the cloud or private network as a service model, which includes business continuity and disaster recovery, encryption, data loss prevention, identity and access management, intrusion management, security information and event management, vulnerability scanning, and others. The main applications of security as a service include network security, endpoint security, application security, and cloud security. They are used in both SME’s and large enterprises ranging from BFSI, telecom and IT, healthcare, retail, manufacturing, and government. The security as a service market research report is one of a series of new reports from The Business Research Company that provides security as a service market statistic, including security as a service industry global market size, regional shares, competitors with a security as a service market share, detailed security as a service market segments, market trends and opportunities, and any further data you may need to thrive in the security as a service industry. This security as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global security as a service market size grew from $13.59 billion in 2022 to $15.37 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security as a service market size is expected to grow to $25.65 billion in 2027 at a CAGR of 13.7%. The increase in adoption of cloud-based services has driven the security as a services market. Cloud-based services are services offered over the Internet or dedicated network with delivery on demand. Due to the COVID-19 pandemic and lockdowns, small and medium-scale Enterprises are increasingly focusing on streamlining their business models by adopting cloud services, which are highly prone to cyber-attackers. Thus, companies are increasingly investing in cloud-based security services to tackle cyber-attacks and protect sensitive and confidential information. According to the report of Ziff Davis, a New York-based digital media and internet company, approximately 40% of the global workforce adopted cloud-based services in 2020 and is expected to reach 80% by 2025, exceeding 100 Zettabytes of data in cloud data centres. Furthermore, according to the Findstack report, 92% of an organization’s IT environment is likely to be in the cloud by 2022. Hence, the rising adoption of cloud-based services is expected to boost security as a service market during the forecast period. Strategic partnership and collaboration is an emerging trend gaining popularity in security as a services market. The companies operating in the security as a service sector are entering into collaboration and partnership for the smooth development of the technologically-advanced solutions and to deliver the most trusted and innovative solutions to public sector organizations and companies across the globe. For instance, in May 2020, McAfee Corp., an American global computer security software company announced a collaboration with Atlassian Corporation PLC. to bring advanced data security and threat protection to enable the customers who accelerate their move to the cloud. Furthermore, in July 2020, Thales Group announced a collaboration with Google Cloud to co-develop a sovereign hyper-scale cloud offering for France. In February 2022, Inspira Enterprise India Limited (Inspira), an India-based company engaged in providing cyber-security services, acquired Al Gebra Security & Solutions Pvt Ltd., an India-based provider of private identity access and cloud security management solutions for an undisclosed amount. With this acquisition, Inspira will help its customers to create and maintain a more safe and robust security architecture and meet legal obligations, reduce data breaches, and manage user identities to the maximum possible extent. Major players in the security as a service market are Trend Micro Incorporated, IBM Corporation, Microsoft Corporation, Zscaler Inc., Cisco Systems Inc., Fortinet, Norton LifeLock, Mindsight, Sentinel Technologies, Happiest Minds, Okta, Proofpoint, Stratejm, HackerOne, Forcepoint, Sophos, Clearswift, Alert Logic, Cygilant, Barracuda Networks, and Barracuda Networks. North America was the largest region in the security as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the security as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The security as a service market includes revenues earned by entities by providing services such as threat intelligence and response, cybersecurity expertise, and constant monitoring for threats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global security as a service market is segmented - 1) By Component: Solution, Service 2) By Application: Network Security, Endpoint Security, Application Security, Cloud Security, Other Applications 3) By Organization Size: SMEs, Large Enterprises 4) By End User: BFSI, Telecom & IT, Healthcare, Retail, Manufacturing, Government, Other End Users

Security screening refers to screening measures that are designed to keep forbidden objects and other hazards out of the sterile area. These security screening and checkpoints protect the locations from any hazardous events, reassuring travelers that they are safe and protecting people and places. The main types of security screening are x-ray systems, metal detectors, explosive detectors, biometric systems and others. The x-ray system refers to threat detection technologies with intelligent and flexible system design. As a consequence, a dark image is created when the majority of the x-rays are absorbed, whereas a brilliant image is created when the majority of the x-rays flow through the object. Mail and parcel, baggage scanning cargo and vehicle inspection, explosives and narcotics have security screening applications. Security screening is used in government buildings, airports, educational institutes, public places, and others. The security screening market research report is one of a series of new reports from The Business Research Company that provides security screening market statistics, including security screening industry global market size, regional shares, competitors with a security screening market share, detailed security screening market segments, market trends and opportunities, and any further data you may need to thrive in the security screening industry. This security screening market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global security screening market size grew from $9.37 billion in 2022 to $10.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security screening market size is expected to grow to $14.08 billion in 2027 at a CAGR of 8.6%. The increasing terrorism is expected to propel the growth of the security screening market. Terrorist uses illegal force and violence to achieve a political, economic, religious, or social purpose through fear, compulsion, or intimidation. With these growing unlawful immigration and terrorist acts worldwide, the demand for security screening systems has risen. According to the Global Terrorism Index, there were 5,226 terrorist acts worldwide in March 2022, up from 4,458 in 2020, which is an increase of 17%. Few nations, including Afghanistan, Iraq, and Somalia, are more significantly impacted by terrorism. Therefore, increasing terrorism will drive the security screening market. Technological advancements have emerged as the key trend in the security screening market. Major companies operating in the security screening market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation security screening technologies into their product and services, such as CT scanners, under-vehicle inspection technologies (UVIS), automated screening lanes, facial recognition, millimeter-wave technology, and others to safeguard and prevent prohibited items and other threats to security. For instance, in November 2021, Smith detection, a threat detection and security screening company, collaborates with Microsoft and Heathrow to build an artificial intelligence technology to detect wildlife trafficking. In the initial testing phase, this technique will be used with their existing screening and security infrastructure to combat illegal wildlife trafficking with AI-powered technology. In May 2020, Leidos, a US-based engineering company, acquired L3Harris Technologies’ (“L3Harris”) Security Detection and Automation businesses for approximately $1 billion in cash. With this acquisition, Leidos will continue to broaden the scope and scale of its operations in securing ports and borders, enhancing passenger circulation in future airports, and reinforcing infrastructure for national security and public venues. L3Harris Technologies is a US-based defense and space manufacturing company. Major players in the security screening market are Smiths Group plc, L-3 Communication Holding Inc., OSI Systems, Magal Security Systems Ltd., Argus Global Pty Ltd., Analogic Corporation, American Science and Engineering Inc., Aware Inc., Digital Barriers plc, Anviz Global Inc., Laxton Group, Implant Sciences Corporation, 3DX-RAY, ADANI Systems, NEC Corporation, Lockheed Martin, Raytheon, Leidos, Thales, Teledyne ICM, Bruker and Nuctech. North America was the largest region in the security screening market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the security screening market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The security screening market includes revenues earned by entities by providing measures preventing illicit and other potential hazards to transportation security from accessing the airport's sterile space. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global security screening market is segmented - 1) By Type: X-Ray System, Metal Detectors, Explosive Detectors, Biometric System, Other Types 2) By Application: Mail And Parcel, Baggage Scanning, Cargo And Vehicle Inspection, Explosives And Narcotics 3) By End-User: Government Buildings, Airports, Educational Institutes, Public Places, Other End-Users

Security orchestration automation and response (SOAR) is a collection of technologies that enable businesses to collect information and security alerts from a variety of sources. Enterprises can define response processes and perform threat analysis using security orchestration automation and response tools. The security orchestration, automation, and response (SOAR) is used to perform security threat analysis in a systematic digital workflow format without any human assistance. The main components in security orchestration, automation and response include solutions and services. Security orchestration, automation, and response solutions are technological tools that assist organisations in protecting themselves against cyber-attacks, which can result in application downtime, theft of sensitive data, reputational damage, compliance fines, and other negative consequences. These are deployed over the cloud or on premises and are used by small and medium enterprises as well as large enterprises. The various applications include threat intelligence, network forensics, incident management, compliance management, workflow management, and others. The different end users include BFSI, retail, healthcare, energy and utilities, government, IT and telecommunications, and others. The security orchestration automation and response (SOAR) market research report is one of a series of new reports from The Business Research Company that provides security orchestration automation and response (SOAR) market statistics, including security orchestration automation and response (SOAR) industry global market size, regional shares, competitors with a security orchestration automation and response (SOAR) market share, detailed security orchestration automation and response (SOAR) market segments, market trends and opportunities, and any further data you may need to thrive in the security orchestration automation and response (SOAR) industry. This security orchestration automation and response (SOAR) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global security orchestration, automation and response (SOAR) market size grew from $1.32 billion in 2022 to $1.54 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security orchestration, automation and response (SOAR) market size is expected to grow to $2.77 billion in 2027 at a CAGR of 15.8%. An increase in the number of cyberattacks is expected to propel the growth of the security orchestration, automation, and response market going forward. A cyberattack refers to an attack done by hackers to gain unauthorised access to a computer, computing system, or computer network with the intent to cause damage to the organization. Security orchestration helps to provide more effective security operations. It contains dozens of cyber security tools that help to prevent, detect, and remediate cyberattacks. For instance, according to Forbes, a US-based business magazine, in 2021, cyberattacks and data breaches increased by 15.1% in the US. Therefore, the increase in the number of cyberattacks is driving the growth of the security orchestration, automation, and response markets. Technological advancements have emerged as a key trend gaining popularity in the security orchestration, automation, and response markets. Major companies operating in the security orchestration, automation, and response sector are focused on introducing new technologies to sustain their position. For instance, in January 2022, Revelstoke, a US-based IT company, launched a next-generation SOAR solution for automating security operations centers. This SOAR platform automates analysis, eliminates software development requirements, optimises workflows, prevents vendor lock-in, scales processes, and gets to the root of incidents quickly. In January 2022, Google LLC, a US-based technology company, acquired Siemplify for $500 million. With this acquisition, Google aimed to integrate security orchestration, automation, and response capabilities into their own Google chronicle security solution. Moreover, this acquisition will enhance Google Cloud’s security to help companies better manage their security threat response. Siemplify is a US-based security orchestration, automation, and response provider. Major players in the security orchestration, automation and response (SOAR) market are IBM Corporation, Cisco Systems Inc., FireEye Inc., Palo Alto Networks Inc., Swimlane LLC, Rapid7, LogRhythm Inc., Splunk Inc., DFLabs S.p.A., Cyberbit, ThreatConnect, CyberSponse Inc., D3 Security Management Systems Inc., Resolve Systems LLC, Exabeam Inc., Tufin, Trellix, and Ayehu Software Technologies Ltd. North America was the largest region in the security orchestration, automation and response (SOAR) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security orchestration, automation and response (SOAR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the security orchestration, automation and response (SOAR) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The security orchestration automation and response (SOAR) market includes revenues earned by entities by providing threat intelligence, network forensics, incident management, compliance management, workflow management, professional services and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The global security orchestration automation and response (SOAR) market is segmented - 1) By Component: Solution, Services 2) By Deployment Mode: Cloud, On Premises 3) By Organisation Size: Small And Medium Enterprises, Large Enterprises 4) By Application: Threat Intelligence, Network Forensics, Incident Management, Compliance Management, Workflow Management, Other Applications 5) By End User: BFSI, Retail, Healthcare, Energy And Utilities, Government, IT And Telecommunications, Other End Users

Cybersecurity is a practice of protecting the network, computers, mobile devices, hardware, electronic systems and data from digital or malicious attacks. It is also known as electronic information security and information technology security. The main security types of cybersecurity services are network security, endpoint security, application security, cloud security, and others. Endpoint security is the process of preventing malicious actors and campaigns from exploiting endpoints or entry points of end-user devices such as desktops, laptops, and mobile devices. The services are used by large enterprises, small and medium enterprises of various industry verticals such as aerospace and defense, BFSI, public sector, retail, healthcare, IT and telecom, energy and utilities, manufacturing, and others. The cybersecurity services market research report is one of a series of new reports from The Business Research Company that provides cybersecurity services market statistics, including cybersecurity services industry global market size, regional shares, competitors with a cybersecurity services market share, detailed cybersecurity services market segments, market trends and opportunities, and any further data you may need to thrive in the cybersecurity services industry. This cybersecurity services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cybersecurity services market size will grow from $81 billion in 2022 to $90.56 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cybersecurity services market size is expected to grow to $139.24 billion in 2027 at a CAGR of 11.4%. The increasing instances of massive cyber-attacks are a key factor driving the growth of the cybersecurity services market. The primary motive behind cybercrimes is political competition, financial gain, negative credibility, foreign competition and radical involvement of religious groups. Most cyber-attacks are for financial gain. WannaCry, Petya, NotPetya, and BadRabbit are some of the main ransomware products that have targeted large-scale businesses and government organizations. According to cyber security experts, ransomware threats rose by 40% to 199.7 million attacks worldwide in Q3 of 2020. In Q3 2020, Ryuk ransomware threats rose to 67.3 million, which is 33.7% of all ransomware incidents this year. The ransomware implications included inaccessibility to various municipal facilities, information leakage, and economic loss. Therefore, the increasing instances of massive cyber-attacks compel companies to integrate cybersecurity in their systems and functionality to prevent crashing thereby driving the growth of the cybersecurity services market. Use of Pirated and open source cybersecurity solutions, Dearth of cybersecurity expertise for proactive strategic planning, Limited security budget among SMEs, Lack of interoperability with the existing information systems, High cost of innovations and budget constraints for SMEs, and Lack of training and inadequate workforce are the major factors hampering the growth of the cybersecurity services market. Leveraging AI, machine learning, and blockchain technologies for cyber defense is a key trend in the cybersecurity services market. Cybersecurity vendors integrate artificial intelligence (AI) and machine learning principles into their solutions to tackle crucial hyper-connected workplace risks, with quicker identification, prevention, and responsiveness capabilities, the advances in technology, such as AI and machine learning, turn the tables against cybercrime. Vade Secure is one of the world's largest e-mail security firms, leveraging artificial intelligence and machine learning to defend more than 600 million mailboxes in 76 countries from a range of attacks comprising spear phishing, ransomware, and malware. In June 2020, the firm received an investment of more than $75 million from General Catalyst and plans to extend the use of AI to secure inboxes all over the globe. Cybersecurity specialists are therefore leveraging AI and machine learning technology to resolve the emerging cyber threats facing individuals, companies, and governments. Major players in the cybersecurity services market are Cisco Systems, IBM Corporation, Microsoft, Check Point Software Technologies, Oracle, Trend Micro., Cyber Ark Software Ltd., FireEye Inc., Imperva Inc., ProofPoint, Inc., Micro Focus, RSA Security, Sophos, Splunk, Accenture, Capgemini, Cognizant, HCL Technologies Limited, Tata Consultancy Services, Wipro Limited, Qualys, Dell Technologies Inc., AVG Technologies NV and Intel Security (Intel Corporation). North America was the largest region in the cybersecurity services market in 2022. Asia-Pacific was the second largest region in the global cybersecurity services market. The regions covered in the global cybersecurity services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cybersecurity services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The cybersecurity services market includes revenues earned by entities by providing services such as network security, application security, information security and operational security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cybersecurity services market is segmented - 1) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types 2) By User Type: Large Enterprises, Small & Medium Enterprises 3) By Industry Verticals: Aerospace and Defense, BFSI, Public sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, Other Industry Verticals

Application security refers to the process of creating, incorporating, and testing security measures into applications to guard against dangers including illegal access and modification. It also includes tools and methods to protect applications once application security is deployed. Only goods and services traded between entities or sold to end consumers are included. The application security market covered in this report is segmented by solution into web application security, and mobile application security; by testing type into static application security testing, dynamic application security testing, and interactive application security testing; by end-user into BFSI, IT & telecommunication, government and defence, healthcare, retail, education, others. The application security market research report is one of a series of new reports from The Business Research Company that provides application security market statistics, including application security industry global market size, regional shares, competitors with an application security market share, detailed application security market segments, market trends and opportunities, and any further data you may need to thrive in the application security industry. This application security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global application security market size grew from $9.41 billion in 2022 to $11.55 billion in 2023, at a compound annual growth rate (CAGR) of 22.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The application security market size is expected to grow to $27.49 billion in 2027 at a CAGR of 24.2%.. Increased security breaches at the business application level contributed to the growth of the application security market. For instance, in March 2020, Keepnetlabs, a UK-based security firm, announced a data leak that exposed nearly 5 billion records. Application security enhances the security of the web and mobile-based applications that can mitigate some of the breaches through the application. Thus, the rising security breaches at the business application level drove the market for the application security market. The lack of application security expertise is expected to limit the growth of the application security market over the forthcoming years. According to Burning Glass International Inc., an analytics software company, the demand for application development security and cloud security is a fast-growing skills area projected to grow 164%, and 115% respectively between 2020-2025. According to the ESG and Information Systems Security Association (ISSA) analysis published in August 2020, 70% of cybersecurity professionals claim that their organization is facing issues with the cybersecurity skill shortage. In the past four years, the percentage ranged from a low of 69% to a high of 74%. Therefore, the lack of application security expertise is projected to restrict the growth of the application security market. Artificial intelligence (AI) and machine learning (ML) are increasingly being used to prevent attacks on the web or mobile-based applications. AI can be used to automate threat detection and respond more effectively than a traditional software-driven approach. AI-based cybersecurity will train itself continuously and independently gather the data across the enterprise information systems through that data it analyses and performs correlation of patterns across billions of signals relevant to the cyberattacks and solve the issue. For instance, Fortinet, a California-based security solutions company provides solutions from network and web application security to threat protection for IT infrastructure. Fortinet’s AI-based product, FortiWeb, is a web application firewall that uses machine learning and two layers of statistical probabilities for detecting attacks and threats. In April 2020, Hellman & Friedman (H&F), a US-based software security solution provider for DevOps, acquired Checkmarx, a software security solutions company from Insight Partners for a deal amount of $1.15 billion. The acquisition is expected to drive the company’s growth and the cybersecurity threats continue to intensify, so embedding security early in the software development lifecycle is critical. Checkmarx is an Israel-based software security solution for modern enterprise software development and is engaged in providing static and interactive application security testing training development, software composition analysis, and application security. Major players in the application security market are IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys, and Trustwave. North America was the largest region in the application security market in 2022. The regions covered in the application security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The application security market includes revenues earned by entities by scanning database security, analysing software composition, and testing interactive application security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global application security market is segmented - 1) By Solution: Web Application Security, Mobile Application Security 2) By Testing Type: Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing 3) By End-User: BFSI, IT And Telecommunication, Government And Defense, Healthcare, Retail, Education, Other End Users

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global services market grew from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Major companies in the services market include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market. The regions covered in the services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance