The global Automated Breach and Attack Simulation (ABAS) Market size is expected to grow from USD 218 million in 2020 to USD 915 million by 2025, at a Compound Annual Growth Rate (CAGR) of 33.2% during 2020–2025. Major driving factors for the market include various factors, such as an increase in implementation of security measures, increasing complexities in managing security threats due to an increased number of attack vectors, and growing need to prevent data breaches due to the presence of stringent government regulations.
ID verification in the cloud segment is expected to grow at the highest CAGR from 2020 to 2025
The global adoption trend for the cloud deployment model is expected to show growth. On the other hand, the on-premises deployment model is expected to witness a slower growth rate during the forecast period. The on-premises model enables organizations to control all systems and data. As more and more applications are being deployed over the cloud, there is a shift from traditional on-premises ABAS solutions to cloud-based ABAS solutions across large enterprises and SMEs. Cloud-based ABAS provides scalability, efficiency, and 24×7 services to organizations. Software-as-a-Service (SaaS)-based services offer a centralized service delivery model, and hence, they are becoming more popular.
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Threat intelligence segment is expected to grow at the highest CAGR in the ABAS marketduring the forecast period
The ABAS market is segmented by application into configuration management, patch management, threat intelligence, and others. The threat intelligence segment is expected to grow at the highest CAGR from 2019 to 2024. Threat intelligence solutions collect and analyze information about the existing and evolving threat vectors from multiple sources to provide actionable threat intelligence feeds and reports, which can be effectively utilized by various security control solutions. Such solutions keep organizations informed of the risks of Advanced Persistent Threats (APTs), zero-day attacks, and other such threats and help them protect themselves against the possibilities of data breach occurrences. With the increasing dependence on ICT to ease various business processes, organizations have become exposed to a variety of cybercrimes and security vulnerabilities. Threat intelligence solutions can help in such situations by providing an effective and reliable threat detection to alleviate cyber threats based on security events and security intelligence feeds, manage business risks, reduce potential damage, and improve organizations’ entire security infrastructure.
Major ABAS vendors include Qualys (US), Rapid7 (US), Sophos (UK), Keysight (US), Attack IQ (US), Cymulate (Israel), XM Cyber (Israel), Skybox Security (US), SafeBreach (US), FireMon (US), Verodin (US), Foreseeti (Sweden), NopSec (US), ReliaQuest (US), Scythe (US), CyCognito (US), Aujas (US) and, BitDam (Israel). These players have adopted various growth strategies such as new product launches and partnerships, agreements, and collaborations to enhance their presence in the global ABAS market. Partnerships, Acquisitions, and new product launches have been the most widely adopted strategies by major players from 2017 to 2019 and helped them innovate on their offerings and broaden their customer base.
Qualys was founded in 1999 and is headquartered in California, US. Qualys is a pioneer in providing cloud security and compliance solutions to enterprises and SMEs across the globe. The company offers a wide range of products in Global IT Asset Management, IT Security, Compliance, Cloud and Container security, and Web App Security. All these products and services are powered by their unique cloud platform. The cloud platform helps end-users identify IT assets, collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions. The company’s cloud platform enables organizations to avoid costs and complexities related to managing multiple security vendors. Qualys offers its products and services to individuals, SMEs, and large organizations. The company caters to a wide range of industry verticals, including IT, retail, biotechnology, chemical, BFSI, telecommunications, education, media, automobile, food, and retail. It has a presence in 130 countries across North America, Europe, APAC, and MEA.
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Founded in 2000 and headquartered in Massachusetts, US, Rapid7 is one of the prominent providers of security data and analytics solutions. The company offers advanced solutions in the areas of network security, application security, operations and analytics, and compliance. It offers its cybersecurity solutions to various industry verticals, such as energy, financial services, government, healthcare, retail, and education. Its customer base is spread in 131 countries across the globe, including regions such as North America, Europe, MEA, APAC, and Latin America. Rapid7 operates through three major business segments: products, maintenance and support, and professional services. The products segment includes VM, application security testing, orchestration and automation, and log management. Similarly, the company offers maintenance and support for its solutions, and it also provides professional services to secure organizations from APTs and vulnerabilities.
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