The cyber Crisis management market has grown swiftly in past few years owing to the increasing frequency of cyber-attacks which has forced various companies to be prepared in advance for potential cyber security incidents and data leaks. With proper cyber Crisis management strategy, companies can significantly improve timeliness and effectiveness of cyber incidents response activities. The incidents such as Hacked devices, crashed websites, network breaching, stolen data, and other cyber security incidents have become common in today’s workplace which are forcing organizations to develop and adopt cyber Crisis management applications to address impacts of a cyber-incident.
Cyber Crisis management is the set of strategies that are designed to help an organization with a sudden and significant cyber-attack. A significant motivation for adoption of Cyber Crisis management is also to avoid the possible losses in terms of cost and time involved in damage control after a cyber-breach incident.
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Cyber Crisis management Market: Drivers and Challenges
Drivers
The advancement in cyber Crisis management services is a primary growth factor driving the growth of Cyber Crisis management market. Mobile threat issues are increasing rapidly and due to this, enterprises are faced with increased risks from the millions of available apps on devices. Therefore, to handle serious and highly variable risks associated with an exposed security posture, the need for Cyber Crisis management is increasing rapidly. Due to this, the cyber Crisis management market is growing significantly.
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Challenges
The major challenge for cyber Crisis management is that the cyber security Crisis can occur in a multitude of different ways and detecting and assessing the scope and impact of an incident is often challenging and time-consuming process.
Cyber Crisis management Market: Segmentation
Segmentation of Cyber Crisis management market on the basis of vertical:
- Government and Financial institutions
- IT and Telecom
- Healthcare and life sciences
- Retail and consumer goods
- Media and Entertainment
- Automotive
- Aerospace and defense
- Others
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Cyber Crisis management Market: Competition Landscape
Key Players
The prominent players in Cyber Crisis management market are: IBM Corporation, Cisco Systems Inc., Hewlett Packard Enterprises, Rapid7 Inc., Optiv Security Inc., Palo Alto Networks, Inc., WhiteHat Security, McAfee LLC, Symantec Corporation, and Juniper Networks, Inc.