Prescriptive Security Market Analysis And Forecast To 2032: By Deployment (Hosted, On-premises), By Application (Incident Detection, Pattern Recognition, Surveillance), By End-User (Public Transport Security, Critical Infrastructure Security, Border Contr

Prescriptive Security Market Analysis And Forecast To 2032: By Deployment (Hosted, On-premises), By Application (Incident Detection, Pattern Recognition, Surveillance), By End-User (Public Transport Security, Critical Infrastructure Security, Border Control, Others), and By Region

The global prescriptive security market was valued at USD 53.2 Billion in 2021 and it is anticipated to grow up to USD 88.3 Billion by 2031, at a CAGR of 5.2% during the forecast period.

Prescriptive security is a security model that defines a set of security controls and procedures that should be implemented in order to protect an organization’s assets. The model is based on the assumption that there is a finite set of security risks that can be mitigated through the implementation of specific security controls. The prescriptive security model has been criticized for being too rigid and inflexible, as it does not take into account the constantly changing nature of security threats. Additionally, the model does not account for the fact that different organizations have different security needs. As a result, the prescriptive security model is not always applicable to all organizations.
Global Prescriptive Security Market Scope and Report Structure
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Market Trends and Drivers
The rising security complexity in the emerging digital age is expected to boost the usage of such safety solutions. Furthermore, institutions on a global level have initiated large spending on preventive measures like prescriptive security to reduce the impact of cyber threats in severe cases. For instance, as per the IT governance of the UK, the annual costs of business organizations incurring losses by cybercrimes are anticipated to reach over USD 6 trillion by 2021. Thus, organizations have opted for security solutions for addressable cybersecurity concerns.
Market Restraints and Challenges
The key restraints and challenges in the prescriptive security market include the lack of awareness about the benefits of prescriptive security among small and medium enterprises (SMEs), and the lack of skilled security analysts. Other restraints include the high cost of prescriptive security solutions and the lack of integration of prescriptive security solutions with existing security solutions. The lack of awareness about the benefits of prescriptive security among SMEs is a major challenge for the growth of the prescriptive security market. SMEs are the major target market for prescriptive security solutions, but they are unaware of the benefits offered by these solutions. This is a major challenge for the growth of the prescriptive security market, as SMEs are the major target market for these solutions.

The high cost of prescriptive security solutions is another challenge for the growth of the prescriptive security market. These solutions are expensive and require skilled security analysts to implement them. This is a major challenge for the growth of the prescriptive security market, as the high cost of these solutions limits their adoption by small and medium enterprises (SMEs). The lack of integration of prescriptive security solutions with existing security solutions is another challenge for the growth of the prescriptive security market. Prescriptive security solutions are not integrated with existing security solutions, which limits their effectiveness. This is a major challenge for the growth of the prescriptive security market, as the lack of integration of these solutions with existing security solutions limits their adoption by enterprises.
Global Prescriptive Security Market Segmental Overview
The report analyses the global prescriptive security market based on deployment, application, end-user, and region.

Global Prescriptive Security Market by Deployment

By deployment, the market is segmented into Hosted, and On-premises. In 2022, the hosted segment is expected to contribute a significant market share during the forecast period. The high dependence on hosted or cloud-based networks for facilitating business operations in any environment has resulted in large adoption among organizations.

Global Prescriptive Security Market by Application

By application, the prescriptive security market is classified into Incident Detection, Pattern Recognition, and Surveillance. In 2022, the pattern recognition segment is projected to contribute an increased share to the market growth during the forecast period. The automation and AI technologies integrated into the security systems analyze the anomalies or irregularities in the business patterns. Thus, the increased applications of pattern recognition are signal processing, statistical data analysis, information retrieval, image analysis, bioinformatics, data compression, and machine learning.

Global Prescriptive Security Market by End-user

The end-use segment of the market is bifurcated into Public Transport Security, Critical Infrastructure Security, Border Control, and Others. In 2021, the intelligent agencies contributed a major market share in terms of volume. The growing concerns about compromised securities among authoritative organization has increased the implementation of prescriptive security. Additionally, the protection of vulnerable confidential information related to the nation’s security needs to be defended from any cyberattacks. Thus, such organizations adopt prescriptive security solutions to identify and remove any anomaly at the earliest before incurring a further physical or financial loss.
Geographical Analysis of Global Prescriptive Security Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest revenue share in 2022. The large presence of market players coupled with the increased adoption of such security solutions among public and private institutions has experienced a significant increase during the forecasted period. Furthermore, the government also initiates a large expenditure on the deployment of dedicated groups for monitoring potential cyber threats.
Major Players in the Global Prescriptive Security Market
The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product Launches. Companies such as ATOS, Cisco System Inc., are some of the key innovators in Prescriptive Security Market.

The key players in the prescriptive security market  are ATOS, Cisco System Inc., ESRI, Hexagon, IBM, NEC Corporation, Nice Systems Ltd., SAS Institute Inc., SAP ERP, and Splunk Inc., among others.
Recent Developments

In June 2021, Skybox Security launched new vulnerability prioritization capabilities with prescriptive remediation analysis. This will help the companies in reducing the cybersecurity attacks, remediation across complex hybrid environment and automate risk scoring.
In February 2021 – ATOS acquired Motiv ICT Security a cybersecurity services company to expand ATOS’s network of prescriptive security approach.
In July 2017, Atos, a global leader in digital transformation, today announces the launch of its new prescriptive Security Operations Center (SOC). Combined with Atos Big Data analytics capabilities and powered by Bullion servers, the new security solution makes it possible for customers to predict security threats before they even occur. Detection and neutralization time is improved significantly compared to existing solutions.

Frequently Asked Questions
Q1. How big is the Prescriptive Security market?

Ans. The global prescriptive security market was valued at USD 53.2 Billion in 2021 and it is anticipated to grow up to USD 88.3 Billion by 2031, at a CAGR of 5.2% during the forecast period.

Q2. What is the prescriptive security market growth rate?

Ans. The growth rate of the prescriptive security market is 5.2%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the prescriptive security market in 2021.

Q4. Which segment accounted for the largest prescriptive security market share?

Ans. By end-user, the Public Transport Security segment accounted for the largest prescriptive security market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global prescriptive security market report includes players such as ATOS, Cisco System Inc., ESRI, Hexagon, IBM, NEC Corporation, Nice Systems Ltd., SAS Institute Inc., SAP ERP, and Splunk Inc. among others.

Q6. What are the factors driving the prescriptive security market growth?

Ans. The major factors driving the growth of the market are the rising security complexity in the emerging digital age is expected to boost the usage of such safety solutions.

Q7. What are the key growth strategies of prescriptive security market players?

Ans. The key growth strategies of prescriptive security market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the prescriptive security market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the prescriptive security market during the forecast period.

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