Growing number of cyberattacks throughout the globe is the main factor for the automated breach and attack simulations market to grow enormously. .The BFSI as well as IT & telecom sectors have experienced numerous security breaches and attacks such as SQL injection, cross-site scripting, cookie poisoning, forceful browsing, Distributed Denial of Service (DDoS), botnets, among other. With facilities such as internet banking, mobile banking, and smart banking features, BFSI organizations need to prioritize security solutions to prevent from such cyber attacks on their systems. The cybersecurity and network security industry players are coming up with advanced security solutions to meet the dynamic nature of the business environment and tackle the growing intricacy of attacks. Moreover, the industry is fueled by increasing demand for the generation of quality tools to sustain the competitive scenario. On the other hand, the growing adoption of the Internet of Things (IoT), Artificial Intelligence (AI), and software defined network technologies are likely to offer lucrative prospects for the automated breach and attack simulation industry growth in the coming few years.

Offerings Segment

The global automated breach and attack simulation market contains both platforms and service segment. The platform segment has maximum revenue share within the global automated breach and attack simulation market in 2019. The industry participants within the automated breach and attack simulation market are focusing on building innovative solutions that can tackle security threats and phishing attacks against employees, ransomware, advanced persistent threats, denial-of-service-attacks, as well as securing mobile devices authorized for employees. However, the service segment is likely to grow at a staggering rate in the next five years.

Application Segment

Based on the application segment, the market is bifurcated into configuration management, patch management, team assessment, threat intelligence, others. In 2019, the configuration segment gathered the largest market revenue and it is anticipated to govern the automated breach and attack simulation market throughout the forecast period. However, the threat intelligence segment is anticipated to grow at a substantial growth rate over the forecast period.

End-User Segment

Based on the end-user, the market is segmented into data centers, enterprises, service providers. The market for enterprises is anticipated to possess the largest market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing regulatory scrutiny coupled with enhanced customer satisfaction, as well as advantages such as risk management, fraud detection, and customized solutions are some of the factors responsible for the automated breach and attack simulation demand.

The global automated breach and attack simulation industry is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. North America is considered a mature market in the automated breach and attack simulation applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the automated breach and attack simulation market in North America.

The major players of the global automated breach and attack simulation market are NopSec, Qualys, Rapid7, DXC Technology, AttackIQ, Skybox Security, SafeBreach, Firemon, Cymulate, Verdoin, XM Cyber, and more. The automated breach and attack simulation market is fragmented with the existence of well-known global and domestic players across the globe.