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Exposure Management Market worth $7.6 billion by 2029, growing at a CAGR of 28.3%: Report by MarketsandMarkets
Chicago, April 12, 2024 (GLOBE NEWSWIRE) -- The global Exposure Management Market size is projected to grow from $2.2 billion in 2024 to $7.6 billion by 2029 at a CAGR of 28.3% during the forecast period, 2024 to 2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Exposure Management Market" 204 - Tables 52 - Figures 269 - Pages
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The growth of the exposure management market is propelled by factors including the escalating complexity and frequency of cyber threats, which necessitates more sophisticated and comprehensive exposure management solutions. The widespread digital transformation across industries has significantly expanded organizational attack surfaces, making advanced cybersecurity measures more critical. Regulatory and compliance pressures further drive the need for robust exposure management as businesses strive to avoid penalties and protect sensitive data. These factors create a strong demand for exposure management solutions, fueling market growth.
Exposure Management Market Dynamics:
Drivers:
Rising cybersecurity threats and targeted attacks
Growth in digitalization and cloud adoption
Regulatory compliance and data protection laws
Growing awareness of cybersecurity hygiene
Opportunities:
Enhancing security with AI, ML, and automation in exposure management
Elevating exposure management through comprehensive education and certification programs
Restraints:
Integration, compatibility issues, and user-friendliness
Financial and talent barriers in deploying exposure management solutions
List of the key players:
Tenable (US),
CrowdStrike (US),
Palo Alto Networks (US),
Forescout (US),
EY (UK),
VIAVI (US),
Verisk (US),
IBM (US),
eSentire (Canada),
Mandiant (US),
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The exposure management market is on a promising growth path driven by the integration of AI and ML technologies, which enhance the effectiveness of exposure management tools and provide predictive capabilities to identify and mitigate potential threats pre-emptively. Additionally, the increasing awareness of cybersecurity's importance among businesses of all sizes contributes to the market's expansion, as does the growing acceptance of cloud-based solutions to offer scalable, flexible protection mechanisms.
Trend: Integration of AI and ML in Exposure Management
One of the trends in the exposure management market is the integration of AI and ML into exposure management solutions. These technologies are being increasingly utilized to automate the detection and response to cyber threats, enhancing the efficiency and effectiveness of exposure management systems. AI and ML enable real-time analysis of vast datasets to identify patterns and anomalies indicative of potential security breaches. This proactive approach allows quicker identification of vulnerabilities, ...