According to the research report titled ‘GLOBAL ADAPTIVE SECURITY MARKET 2019-2027’ available with Market Study Report, global adaptive security market is projected to record a robust CAGR of 11.68% during 2019-2027.
 

Factors such as growing concerns pertaining to cyberattacks, increasing preference over traditional security systems, and favorable security regulations & compliances are augmenting the growth of global adaptive security market size.
 

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Escalating demand for cloud-based security services is also stimulating the overall market outlook. However, absence of strong IT infrastructure, lack of skilled professionals, high data processing requirements, complex security devices, and high costs associated with development of innovative solutions are expected to hamper the global adaptive security industry growth. 
 

Based on service, global adaptive security industry is split into solution, on-premises and cloud. With regards to security, the market is fragmented into IT & telecom, energy & utilities, healthcare, manufacturing, government & defense, BFSI, cloud security, end-point security, network security, and others.
 

From a regional frame of reference, North America currently accounts for a majority of global adaptive security market shares and is expected to expand considerably through 2027. Increasing occurrence of cyberattacks due to high presence of renowned companies and data centers along with rising preference towards adopting cloud security solutions among SMEs in the region are boosting the growth of the regional market.
 

The companies that define the global adaptive security industry trends are Check Point Software Technologies Ltd., Illumio, NortonLifeLock Inc. (Symantec), Cisco Systems, Inc., Hewlett Packard Enterprise Company, Cloudwick Technologies, Panda Security, RSA Security LLC (RSA Security, Inc.), IBM Corporation, Trend Micro Inc., Rapid7, Fortinet, Juniper Networks Inc., FireEye Inc., and Aruba Networks among others.