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 Asi 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$19.586 billion in 2018.Rising number of global road accidents has forced the governments worldwide to take necessary measures for the drivers’ safety. According to the World Health Organization (WHO), more than 1.25 million people die each year due to road traffic crashes. Government initiatives and policie Read more...
The Safety Door Switches Market was valued at US$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 up Read more...
The embedded security market was valued at US$3.102 billion in 2017 and is projected to expand at a CAGR of 6.39% over the forecast period to reach US$4.499 billion by 2023. The major factors driving the demand for embedded security solutions are growing applications in the automotive industry, rising sales of smart devices and the trend towards digitalization. In addition, an increase in the IoT adoption will further contribute to the growing demand for different embedded security solutions. No Read more...
The global enterprise data loss prevention market is anticipated to witness a compound annual growth rate of 16.28% during the forecast period to grow to US$2.546 billion by 2023, increasing from US$1.198 billion in 2018. The global enterprise data loss prevention (DLP) market is expected to be driven by escalating demand for an optimized solution with a spike in cybersecurity threats. The trend of growing adoption of cloud and mobile within enterprise boundaries and resulting in burgeoning dema Read more...
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