The Biometrics as a Service market was valued at US$1.160 billion in 2017 and is expected to grow at a CAGR of 30.25% over the forecast period to reach a total market size of US$5.665 billion by 2023. Rising incidence of frauds resulting from identity theft has been steering enterprises towards more secure access and identity management solutions. As a result, various biometric solutions have been gaining popularity among the end-users across the globe. Although these solutions have been witn Read more...
The global security advisory services Market is projected to grow at a CAGR of 21.33% to reach US$29.167 billion by 2025 from US$9.143 billion in 2019. There is an increase in the adoption of information communication, and technology, data encryption, and cybersecurity solutions by different end-user industries. These industries include BFSI, communication and technology, automobile among others and they are doing this to achieve scalability, protect identities and transactions, red Read more...
The safety light curtain market is projected to grow at a CAGR of 5.82% to reach US$1,420.452 million by 2024, from US$1,011.346 million in 2018. Safety light curtain are devices that are used for safeguarding and protecting an individual from machines in a facility by creating a sensing screen that guards machine access points and perimeter. Stringent regulation regarding worker’s safety has been instrumental in the growth of the safety light curtain market. Moreover, the growing use o Read more...
The Global Cyber Security market was valued at US$159.821 billion in 2019. The growing incidence of malware and phishing attacks is the major driver of the global cybersecurity market. There has been a rapid adoption of advanced technologies such as the Internet of Things (IoT) which has increased the threat of cyberattacks across various industry verticals. For example, according to the data collected by AtlasVPN, cybersecurity incidents in NASA surged by 366 percent in 2019, that is, f Read more...
The botnet detection market was valued at US$0.312 billion in 2019 and is expected to grow at a CAGR of 38.52% over the forecast period to reach a total market size of US$1.150 billion by 2025. Proliferation of smartphones and other mobile devices, coupled with increasing penetration of internet across all major regions has been increasing the risk of being infected by bots. As reliance on technology continues and severity of threats caused by botnets continues to increase, the demand for bot Read more...
The data exfiltration prevention market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Continuous digitization of business processes across industries has been fueling the volume of data generated every day. Exponential growth in volume of sensitive data at the hands of the enterprises is driving the demand for effective and efficient solutions to prevent data exfiltration. This Read more...
The global beacon market is projected to grow at a CAGR of 35.78% to reach US$5,637.021 million by 2024, from US$899.506 million in 2018. Beacons are devices which transmit data using different technologies including Bluetooth, wi-fi, or ultrasound among others. The major factors driving the demand for these transmitters are increasing investment in proximity marketing and growing penetration of smartphone. However, data security concerns will limit the growth potential of these devices. The Read more...
Advanced Driving Assistance System (ADAS) market is projected to grow at a CAGR of 18.86% during the forecast period, reaching a total market size of US$55.220 billion in 2024 from US$19.586 billion in 2018.Rising number of global road accidents has forced the governments worldwide to take necessary measures for the drivers’ safety. According to the World Health Organization (WHO), more than 1.25 million people die each year due to road traffic crashes. Government initiatives and polici Read more...
The Safety Door Switches Market was valued at US$XX billion in 2017 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. Safety door switches are devices used to monitor or guard doors so as to protect both people and machines. Rising security concerns across industrial and residential area is one of the main driving factor that is driving the safety door switches market growth. The market is expected to grow at a fast pace owing to the growing Read more...
The global hardware security module market is projected to grow at a CAGR of 12.51% to reach a value of US$2.234 billion by 2025, from US$1.101 billion in 2019. There is an increase in the adoption of information communication and technology, data encryption, and cybersecurity solutions across different industries including BFSI, communication, and technology, and automotive among others in order to achieve scalability, protect identities and transactions, reduce operational costs, decrease u Read more...
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