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Market Analysis
The global hyperautomation in security market will touch USD 179.25 billion at an 18.6% CAGR by 2032, as per the latest Market Research Future report.
Drivers
Rising Adoption of Hybrid and Cloud Environments to Boost Market Growth
With the widespread use of hybrid and cloud IT environments there has been a burgeoning demand for security solutions which can adapt as well as safeguard data & applications across an array of platforms. This will bolster market growth in the assessment period.
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Key Players
Eminent industry players profiled in the global hyperautomation in security market report include:
Opportunities
Dearth of Skilled Security Experts to offer Robust Opportunities
There is a dearth in cybersecurity professionals and hyperautomation can aid in bridging the gap via automating routine tasks, enabling human professionals in focusing on higher complex issues. Thus, the dearth of skilled security experts will offer robust opportunities for the hyperautomation in security market in the forecast period.
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Restraints and Challenges
Complexity in Integration to act as Market Restraint
The complexity in integration, security concerns, high implementation and maintenance cost, interoperability issues, and data privacy may act as market restraints over the forecast period.
Besides, the COVID-19 impact may also impede market growth.
Market Segmentation
The global hyperautomation in security market is bifurcated based on vertical, application, organization size, deployment, technology, and offering.
By offering, solutions will lead the market over the forecast period.
By technology, AI will domineer the market over the forecast period.
By deployment, cloud will spearhead the market over the forecast period.
By organization size, large enterprise will spur the market over the forecast period.
By application, continuous vulnerability management will head the market over the forecast period.
By vertical, BFSI will have the utmost market share over the forecast period.
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Regional Analysis
North America to Head Hyperautomation in Security Market
North America will head the market over the forecast period. This region is key target for cyber-attacks as it is hub to several huge organizations with vital data. The rising sophistication of cyber threats has fuelled the need for hyperautomation solutions which can aid enterprises to automate security processes and augment their security posture. The region has several strict data security standards like CCPA and GDPR. Organizations here will need to follow such standards to prevent penalties and fines. The hyperautomation technologies can aid firms to automate compliance tasks and lower the perils of non-compliance.
APAC to Have Admirable Growth in Hyperautomation in Security Market
The APAC region will have admirable growth in the market over the forecast period. In recent years, the region has seen considerable growth in cyber-attacks and threats. Data breaches, ransomware operations, and nation-state-sponsored assaults are amid the threats. Owing to the rise in cyber threats, organizations are investing largely in the advanced security solutions like hyperautomation for securing their digital assets.
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