PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515510
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515510
Attack Surface Management Market was valued at USD 924.45 Million in 2023, expanding at a CAGR of 28.5% from 2024 to 2032.
Attack Surface Management (ASM) refers to the proactive approach of identifying, assessing, and managing the exposure of an organization's digital attack surface. The objective is to reduce the risk of successful cyberattacks and protect sensitive data, systems, and networks from unauthorized access or exploitation. As organizations transition to cloud-based infrastructures and embrace digital transformation initiatives, the attack surface expands, necessitating robust ASM solutions. These tools enable enterprises to gain visibility into their entire IT ecosystem, including cloud services, APIs, IoT devices, and remote endpoints.
Attack Surface Management Market- Market Dynamics
The increasing prevalence of cyber threats is driving market expansion.
Cybercrime encompasses a wide range of criminal activities that are carried out using digital devices and networks. These crimes involve the usage of technology to commit fraud, identity theft, data breaches, computer viruses, scams, and expanded upon in other malicious acts.
With the growing risks, governments and regulatory bodies worldwide have enforced stringent data security policies and compliance mandates. Industries operating under heavy regulation, such as finance, healthcare, and government, are particularly challenged to adhere to these standards or face severe penalties and reputational harm.
Attack Surface Management Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 28.5% over the forecast period (2024-2032)
Based on Offering segmentation, Solutions was predicted to show maximum market share in the year 2023
Based on Deployment segmentation, Cloud Based was the leading type in 2023
Based on Enterprise Size segmentation, Large Enterprises was the leading type in 2023
Based on End User segmentation, BFSI was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Attack Surface Management Market is segmented based on Offering, Deployment, Enterprise Size, End User and Region.
The market is divided into two categories based on Deployment: Cloud Based and On-premises. Cloud attacks involve malicious activities aimed at exploiting vulnerabilities in cloud computing systems and services. Attackers exploit weaknesses in cloud infrastructure, applications, or user accounts to gain unauthorized access, compromise data integrity, steal sensitive information, or disrupt service operations. Through integration with APIs from cloud provider companies, ASM systems can monitor future security challenges.
The market is divided into six categories based on End Users: BFSI (Banking, financial services and insurance), Education, Energy & Utilities, Government & Defense, IT & ITes (Information Technology and IT-enabled Services) and Retail & e-commerce. The Attack Surface Management (ASM) market in the Banking, Financial Services, and Insurance (BFSI) sector is crucial due to the industry's heavy reliance on technology and the high stakes involved in securing sensitive financial data.
Attack Surface Management Market- Geographical Insights
North America hosts numerous technology firms, financial institutions, and government entities. These firms work under regular cyber threats and stringent regulatory pressures. The region is home to a diverse cybersecurity market characterized by widespread awareness and high adoption rates of Attack Surface Management. This robust adoption reflects North America's active participation in implementing cybersecurity measures to safeguard critical infrastructures and sensitive data.
For instance, the United States typically updates its cybersecurity policies on an annual basis or as needed in response to emerging threats, technological advancements, or changes in national security priorities.
The Attack Surface Management (ASM) market features a competitive landscape characterized by several prominent players such as Palo Alto Networks, IBM, Microsoft, Cisco, and CrowdStrike. A powerhouse in IT solutions, IBM offers a comprehensive suite of hybrid cloud, AI, and consulting services across the globe. Their expertise in data analysis empowers businesses to optimize operations, reduce costs, and stay ahead of the curve. Trusted by critical industries like finance and healthcare, in this segment, IBM has been providing solutions to over a thousand clients in 150+ countries.
In March 2024, Microsoft's Copilot for Security, the industry's first generative AI solution that will help security and IT professionals strengthen team expertise will be available by April 2024. With Copilot, users can protect at the speed and scale of AI and transform their security operations.
In May 2024, Bugcrowd Acquires Attack Surface Management Company in the Latest Consolidation. The acquisition will bolster its platform in several ways, including by helping with automating the identification of exposed assets.
GLOBAL ATTACK SURFACE MANAGEMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Armis
BishopFox
CrowdStrike
Cymulate
IBM
Microsoft
Palo Alto Networks
Rapid7
Recorded Future
Trend Micro