Automated Breach and Attack Simulation Market Trends

Growth Drivers

• Adoption of Digital Business Initiatives-Roughly 50% of businesses utilize machine learning for consumer insights and intelligence, additionally according to data published by IBM about 35% of businesses said they employ artificial intelligence (AI) in their operations, while another 42% said they are investigating the technology. A growing number of businesses, enterprises, and organizations are utilizing technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to improve their digital infrastructure as the globe gradually moves toward digitalization. People are seeing a shift in consumer preferences as a result of digitization. For example, digitalization has resulted in a significant change to manual government operations such as income tax filing, and passport and driver's license applications. This means that to secure these gadgets and data centers, a security-related program is required. Therefore, swift adoption of digitalization in enterprises and the government is likely to propel the automated breach and attack simulation market in the forecast period.

• Increasing Complexity in Managing Cyber Attacks-The automated breach and attack simulation market is anticipated to rise at a rapid pace in the upcoming years due to the growing complexity of defending against security threats brought on by a greater number of attack channels like malware, phishing, password attack, man in the middle, SQL injection, insider threat and many more. In cybersecurity, a hacker may enter a network without authorization and harm. Attackers can use it to install various malicious programs, take advantage of system flaws, and initiate cyberattacks. For example, according to research, there are around 579,000 new pieces of malware detected daily and over 1 billion programs exist currently. Thus, making an increasing number of attacks vectors a driver of the expansion of the automated breach and attack simulation market.

Challenges

• Lack of skilled security experts-The total expansion of the automated breach and attack simulation market may be hampered by a shortage of experts to manage this program. Proficient experts are crucial for overseeing, recognizing, and evaluating cyber hazards within the company. The program will be poorly managed as a result of the lack of competent personnel. It will decrease the program's ability to secure organizational data.

• Slow adoption of security solutions in developing countries can hinder market growth.
• Increasing number of cyber security solutions can also hamper the automated breach and attack simulation market growth in the forecast period.