In 2024, the number of data compromises in the United States stood at 3,158 cases. Meanwhile, over 1.35 billion individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2024 the financial services, healthcare, and professional services were the three industry sectors that recorded most data breaches. Overall, the number of healthcare data breaches in some industry sectors in the United States has gradually increased within the past few years. However, some sectors saw decrease. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

During the third quarter of 2025, data breaches exposed more than ** million records worldwide. Since the first quarter of 2020, the highest number of data records were exposed in the third quarter of ****, more than **** billion data sets. Data breaches remain among the biggest concerns of company leaders worldwide. The most common causes of sensitive information loss were operating system vulnerabilities on endpoint devices. Which industries see the most data breaches? Meanwhile, certain conditions make some industry sectors more prone to data breaches than others. According to the latest observations, the public administration experienced the highest number of data breaches between 2021 and 2022. The industry saw *** reported data breach incidents with confirmed data loss. The second were financial institutions, with *** data breach cases, followed by healthcare providers. Data breach cost Data breach incidents have various consequences, the most common impact being financial losses and business disruptions. As of 2023, the average data breach cost across businesses worldwide was **** million U.S. dollars. Meanwhile, a leaked data record cost about *** U.S. dollars. The United States saw the highest average breach cost globally, at **** million U.S. dollars.

The largest reported data leakage as of January 2025 was the Cam4 data breach in March 2020, which exposed more than 10 billion data records. The second-largest data breach in history so far, the Yahoo data breach, occurred in 2013. The company initially reported about one billion exposed data records, but after an investigation, the company updated the number, revealing that three billion accounts were affected. The National Public Data Breach was announced in August 2024. The incident became public when personally identifiable information of individuals became available for sale on the dark web. Overall, the security professionals estimate the leakage of nearly three billion personal records. The next significant data leakage was the March 2018 security breach of India's national ID database, Aadhaar, with over 1.1 billion records exposed. This included biometric information such as identification numbers and fingerprint scans, which could be used to open bank accounts and receive financial aid, among other government services.

Cybercrime - the dark side of digitalization As the world continues its journey into the digital age, corporations and governments across the globe have been increasing their reliance on technology to collect, analyze and store personal data. This, in turn, has led to a rise in the number of cyber crimes, ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1802 cases of data compromise were reported in 2022. This was a marked increase from the 447 cases reported a decade prior. The high price of data protection As of 2022, the average cost of a single data breach across all industries worldwide stood at around 4.35 million U.S. dollars. This was found to be most costly in the healthcare sector, with each leak reported to have cost the affected party a hefty 10.1 million U.S. dollars. The financial segment followed closely behind. Here, each breach resulted in a loss of approximately 6 million U.S. dollars - 1.5 million more than the global average.

In 2022, most healthcare data breaches in the United States happened as a result of hacking or IT-related incidents. The number of such cases was 555 in the examined year. The next-most common cause for data breaches was unauthorized access or disclosure, detected in 113 cases. Loss and theft of data were less common causes of data breaches in the U.S. healthcare system in 2022. Overall, in 2022, there were 707 data breaches of over 500 records in the U.S. healthcare industry.

Between the first quarter of 2021 and the first quarter of 2024, the number of data compromise cases in the United States increased significantly. The highest number of data compromises was recorded in the fourth quarter of 2023, with 1,089 cases. However, the number of recorded cases fell to 841 in the first quarter of 2024. In the fourth quarter of 2022, more than 253 million individuals were affected by data compromise incidents. By the first quarter of 2024, this number decreased to around 28.5 million.

Russia recorded the highest number of data breaches among former Soviet Union states, at around **** million in the third quarter of 2022. Ukraine followed, with over ***** thousand incidents.

Between November 2023 and October 2024, the manufacturing industry saw 1,032 data breach cases caused by system intrusion. Basic web application attacks resulted in 201 data breaches in the finance sector.

The Incident Response Services market is experiencing robust growth, driven by the increasing frequency and sophistication of cyberattacks targeting businesses across all sectors. The market's Compound Annual Growth Rate (CAGR) of 20.83% from 2019 to 2024 suggests a significant expansion, projected to continue into the forecast period (2025-2033). This growth is fueled by several factors, including the rising adoption of cloud technologies (increasing attack surface), the expanding digital footprint of organizations, and increasingly stringent data privacy regulations necessitating proactive security measures. The need for rapid and effective incident response to minimize downtime, data breaches, and reputational damage is driving demand for specialized services from established players and emerging niche providers. Large enterprises are currently the largest segment, but smaller and medium-sized enterprises (SMEs) are showing accelerated growth as they become increasingly aware of their cybersecurity vulnerabilities. The BFSI (Banking, Financial Services, and Insurance) and IT & Telecom sectors are key end-user industries, but growth is also visible in healthcare, government, and transportation due to the increasing digitalization in these sectors. The competitive landscape is characterized by a mix of global cybersecurity giants, specialized incident response firms, and consulting companies offering cybersecurity services. Geographical distribution shows North America currently holding a substantial market share, but Asia-Pacific is expected to witness significant growth owing to rapid digital transformation and increasing internet penetration in developing economies. While North America maintains a dominant position due to early adoption and established security infrastructure, the Asia-Pacific region is poised for substantial growth, fueled by increasing digitalization and government initiatives promoting cybersecurity. The market segmentation by enterprise size reveals a substantial contribution from large enterprises, which are often targets of sophisticated attacks. However, the SME segment is experiencing the fastest growth rate, reflecting a growing awareness of cyber threats and a greater need for affordable, accessible incident response services. The presence of both large multinational corporations and specialized firms ensures a varied range of service offerings catering to the diverse needs of different clients. The forecast for 2033 suggests a significant market expansion, driven by ongoing digital transformation and evolving cyber threats, underscoring the enduring importance of proactive and reactive incident response capabilities. Continued innovation in areas such as AI-driven threat detection and automation will further shape market dynamics. Recent developments include: October 2022: BlackBerry launched Cyber Threat Intelligence (CTI), a professional threat intelligence service that will provide actionable intelligence on targeted attacks and cybercrime-motivated threat actors and campaigns, as well as intelligence reports specific to industries, regions, and countries, to help customers prevent, detect, and effectively respond to cyberattacks., October 2022: Check Point Software launched Check Point Quantum Titan, which leverages artificial intelligence (AI) and deep learning to deliver advanced threat prevention against advanced domain name system exploits (DNS) and phishing as autonomous IoT across the network, data center, cloud, and endpoints.. Key drivers for this market are: Increasing Number of Security Breaches in BFSI sector to drive the market, Increasing Compliance Requirements by Enterprises is expected to flourish the market. Potential restraints include: Increasing Number of Security Breaches in BFSI sector to drive the market, Increasing Compliance Requirements by Enterprises is expected to flourish the market. Notable trends are: BFSI Sector to Drive the Market Growth.

In the third quarter of 2022, approximately ** thousand data breaches happened in Hungary, which represented an increase compared to the preceding quarter. The number of data breach incidents peaked at nearly *** million in the first quarter of 2021.

The Cyber Security Breaches Survey, 2022 (CSBS) was run to understand organisations' approaches and attitudes to cyber security, and to understand their experience of cyber security breaches. The aim of the survey was to support the Government by providing evidence that can inform policies which help to make Britain a safer place to do business online. Details of changes for the 2022 survey can be found in the Technical Annex documentation.

These surveys have been conducted annually since 2016 to understand the views of UK organisations on cyber security. Data are collected on topics including online use; attitudes of organisations to cyber security and awareness of Government initiatives; approaches to cyber security (including investment and processes); incidences and impact of a cyber security breach or attack; and how breaches are dealt with by the organisation. This information helps to inform Government policy towards organisations, including how best to target key messages to businesses and charities so that they are cyber secure (and so that the UK is the safest place in the world to do business online). The study is funded by the DCMS as part of the National Cyber Security Programme.

The underlying data are useful for researchers to better understand the response across a range of organisations and for wider comparability over time. The survey originally only covered businesses but was expanded to include charities from the 2018 survey onwards. From 2020, the survey includes a sample of education institutions (primary and secondary schools, further and higher education). Please note that the UK Data Service only holds data from 2018 onwards.

Further information and additional publications can be found on the GOV.UK Cyber Security Breaches Survey, 2022 webpage.

In 2023, around 96.75 million e-mail accounts breached originated from the United States, making it the country with the most significant number of user account exposures in the examined year. Russia ranked second, with over 78 million accounts breached, while the France followed, with approximately 10.5 million breached accounts.

According to Cognitive Market Research, the global Zero Trust Security market size will be USD 37621.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 17.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13920.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10910.32 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 9029.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1429.63 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1504.87 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 827.68 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2025 to 2033.
The network security segment is expected to have the highest CAGR between 2025 and 2033

Market Dynamics of Zero Trust Security Market

Key Drivers for Zero Trust Security Market

Increasing Prevalence Of Cloud Computing

Cloud computing is expected to drive the growth of the zero-trust security market. Cloud computing is a technology paradigm that involves delivering various computing services via the internet (the cloud), such as servers, storage, databases, networking, software, analytics, and intelligence, in order to provide faster innovation, flexible resources, and economies of scale. Cloud computing boosts the zero-trust security market by providing users with a secure, consistent, and seamless experience regardless of where they are or what applications they want to use. For instance, in June 2022, Cloudwards, a Germany-based company that publishes articles on cloud technology, estimated that the total value of the cloud computing market was $371.4 billion in 2020 and will rise to $832.1 billion in 2025. As a result, the 'zero trust' security market will grow as cloud computing becomes more prevalent

https://www.cloudwards.net/cloud-computing-statistics/

Escalating Data Breaches Fueling Zero Trust Adoption

The growing number of data breaches and cyber threats are expected to fuel the growth of the zero-trust security market. Cyber data breaches are identified as gaining unauthorized access to a computer system or network to obtain private, sensitive, or confidential personal and financial information from customers or users. Due to numerous planned breaches, there is a need to implement zero trust security solutions in order to create a flexible and adaptive network security infrastructure that removes trust from network access and requires additional user authentication. For instance, in September 2023, AAG, a provider of IT support services, reported that 39% of UK businesses had experienced a cyber-attack in 2022. Furthermore, in the first half of 2022, cybercrime affected 53.35 million Americans. As a result, the rise in data breaches and cyber threats will fuel the expansion of the 'zero trust' security market.

Restraint Factor for the Zero Trust Security Market

Complex implementation Limit Market Growth

Complex implementation is a major impediment to the expansion of the Zero Trust Security Market. Organizations frequently struggle to transition from traditional security models to Zero Trust models due to the complexity of their architecture. The need for comprehensive identity verification, continuous monitoring, and network segmentation necessitates significant changes to current systems and processes. Such complexity can increase deployment time, cost, and the need for specialized knowledge, discouraging some organizations from fully implementing Zero Trust architecture. As a result, the perceived implementation difficulty slows market adoption and limits overall potential growth. Introduction of the Zero Trust Security Market

Zero trust security (ZTS) is a cybersecurity framework based on the princi...

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Security Information And Event Management Market Size 2024-2028

The security information and event management market size is forecast to increase by USD 4.18 billion at a CAGR of 10.87% between 2023 and 2028.

Increase in cybercrime is the key driver of the market. The growing popularity of managed security service providers is the upcoming trend in the market. Threat from open-source SIEM software is a key challenge affecting the market growth. The SIEM market is expanding as businesses face escalating cyber threats and data breaches, prompting the need for advanced security solutions. SIEM technology provides real-time monitoring and threat detection by analyzing event logs and leveraging AI and machine learning.
The rise of digital technologies, such as the metaverse, also increases cybersecurity risks, pushing businesses to adopt robust SIEM solutions. However, the availability of open-source SIEM software presents a challenge by offering a low-cost alternative, impacting market growth.

What will be the Security Information And Event Management Market Size During the Forecast Period?

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The market is experiencing significant growth due to the increasing number of cyberattacks and data breaches threatening enterprises' business operations. Digital technologies have expanded IT infrastructure, creating interconnected systems and assets that require strong data protection. SIEM technology plays a crucial role in mitigating cyber threats by analyzing real-time event logs from IT & Telecom networks. SIEM solutions enable security operations to monitor network architecture for risks and vulnerabilities, providing log analysis capabilities to identify and respond to ransomware attacks and other cybersecurity landscape challenges. The technology's ability to provide real-time data analysis is essential for safeguarding critical infrastructure and ensuring the continuity of business operations.
In addition, skilled personnel are in high demand to manage and optimize SIEM systems, making the market for this technology a thriving one. As enterprises continue to invest in cybersecurity to protect their digital assets, the SIEM market is poised for continued growth. The increasing complexity of cyber threats necessitates advanced security solutions, making SIEM technology an indispensable component of modern IT security strategies.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premise
  SaaS-based


End-user

  Government
  BFSI
  Telecom
  Healthcare
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Deployment Insights

The on-premise segment is estimated to witness significant growth during the forecast period.

The global market is experiencing significant growth due to the increasing prevalence of cyberattacks and data breaches. Digital technologies, such as IoT and workflow automation, are driving the demand for advanced SIEM technology among enterprises. SIEM solutions enable real-time data analysis of event logs, facilitating the detection and remediation of cyber threats. Machine learning and AI technology are integral components of modern SIEM systems, providing error detection and incident response capabilities. The importance of SIEM technology in the cybersecurity landscape is underscored by the risks associated with interconnected systems in various sectors, including financial services, critical infrastructure, and healthcare.

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The on-premise segment was valued at USD 4.08 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is a critical component of an organization's cybersecurity infrastructure. Compliance mandates, such as HIPAA for health insurance firms, necessitate the implementation of SIEM solutions to ensure holistic visibility into network areas and detect potential breaches. SIEM solutions employ statistical modeling and pattern modeling to identify anomalous behavior and dwelling threats. Data manipulation techniques are used to normalize and correlate data from various sources, enhancing event detection capabilities. Potential breaches can originat

According to Cognitive Market Research the global cyber security market size was USD XX Million in 2024 and is set to achieve the market size of USD XX Million by the end of 2033 Growing at A CAGR of XX% from 2025-2033.

According to Cognitive Market Research Asia Pacific region cyber security market is experiencing significant growth driven by increasing digitalization and evolving cyber threats .it is projected to reach a substantial size by 2030. it is expected to generate revenue of XX%.

According to Cognitive Market Research North America is leading the cyber security market and is projected to grow at a CAGR of XX% over the period . 

Europe is expected to generate revenue of XX%.
Latin america expected to generate revenue of XX%.
Middle East and Africa expected to generate revenue of XX%.
South America expected to generate revenue of XX%.

Market Dynamics of

Cybersecurity Market

Key Drivers for Cybersecurity Market

Increasing Frequency and Complexity of Cyber Threats: The rising incidence of cyberattacks—including ransomware, phishing, and advanced persistent threats (APTs)—is driving organizations to make significant investments in cybersecurity. With critical data breaches impacting healthcare, finance, and government sectors, companies are prioritizing proactive threat detection, incident response, and threat intelligence solutions. This growing risk landscape is one of the primary factors motivating global cybersecurity expenditures. Extensive Digital Transformation and Cloud Adoption: The increase in digital operations, cloud migration, and remote work arrangements has expanded the attack surface for organizations. Cloud-native applications and hybrid environments necessitate strong cybersecurity frameworks, including identity access management (IAM), cloud security posture management (CSPM), and zero-trust models. This transformation is fueling the demand for scalable and integrated security solutions across various industries. Strict Data Privacy Regulations and Compliance Obligations: Governments and regulatory agencies around the world are implementing more stringent data protection laws such as GDPR (Europe), CCPA (California), and HIPAA (USA). These regulations mandate that businesses maintain data confidentiality, integrity, and availability. Failure to comply can lead to substantial penalties and damage to reputation, prompting organizations to implement comprehensive cybersecurity solutions and perform regular audits.

Key Drivers for Cybersecurity Market

High Expenses Associated with Deployment and Maintenance: Establishing enterprise-level cybersecurity frameworks—such as advanced firewalls, Security Information and Event Management (SIEM), and endpoint detection—demands a considerable financial outlay. Furthermore, the continuous expenses related to upkeep, software updates, and the need for skilled personnel render cybersecurity solutions a financial burden, particularly for small and medium-sized enterprises (SMEs) and startups, which may hinder their ability to penetrate the market. Deficiency of Qualified Cybersecurity Experts: The global shortage of talent in the cybersecurity field is increasingly pronounced, with the demand significantly exceeding the available supply. Organizations face challenges in sourcing qualified professionals for positions such as security analysts, ethical hackers, and Chief Information Security Officers (CISOs). This lack of skilled personnel can postpone cybersecurity initiatives, prolong response times to threats, and ultimately expose systems to vulnerabilities, despite substantial investments in security tools. Challenges of Integrating with Legacy Systems: Numerous enterprises maintain legacy IT systems that do not align with contemporary cybersecurity solutions. The process of incorporating new security measures into these outdated infrastructures can result in operational interruptions, performance delays, and security vulnerabilities. Such complexities frequently lead to postponed implementation or diminished effectiveness of cybersecurity strategies.

Key Drivers for Cybersecurity Market

Adoption of AI and Machine Learning in Threat Detection: Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing the field of cybersecurity by facilitating real-time threat detection, behavioral analytics, and automated responses. These advanced technologies...

The data exfiltration market is booming, projected to reach [estimated 2033 value based on CAGR] by 2033. Learn about key drivers, trends, and challenges impacting this $87.94 million (2025) industry, including insights on leading companies and regional market share. Explore the latest data breach prevention strategies and solutions. Recent developments include: January 2023: EfficientIP, the DDI security and automation specialist (DNS, DHCP, IPAM), announced the availability of its new DNS-based Data Exfiltration Application to partners and organizations for free. The program is intended to be a hands-on online tool that allows enterprises to conduct their own 'ethical hack' on their DNS system and related security defenses to uncover potential network weaknesses that might lead to a data breach., August 2022: Code42 Software, Inc., one of the leaders in Insider Risk Management (IRM), announced a collaboration with Nullafi, one of the leaders in real-time sensitive data detection and protection, to limit access to regulated data - financial, healthcare, Personally Identifiable Information (PII), or other sensitive data that insiders may accidentally or maliciously expose. With the Nullafi Partnership, Code42 Incydr restricted insider access and prevented data exfiltration of PII, regulated, and sensitive data.. Key drivers for this market are: Exponential Growth in the Volumes of Enterprise Data and the Need for Data Exfiltration Prevention Solutions, Strict Regulatory Requirements for Data Protection; Increasing Incidents of Data Loss in the On-Premises Environment. Potential restraints include: Exponential Growth in the Volumes of Enterprise Data and the Need for Data Exfiltration Prevention Solutions, Strict Regulatory Requirements for Data Protection; Increasing Incidents of Data Loss in the On-Premises Environment. Notable trends are: Healthcare and Life Sciences End User Segment is Expected to Hold Significant Market Share.

The Cyber Security Longitudinal Survey (CSLS) helps us better understand cyber security policies and processes within medium and large businesses and high-income charities. It explores the links over time between these policies and processes and the likelihood and impact of a cyber incident. The survey is commissioned by The Department for Digital, Culture, Media and Sport and is part of the National Cyber Strategy. It aims to support the Government by providing evidence that can inform policies which help to make Britain a safer place to do business online. This is the second research year (or wave) of a three-year study and the data were collected over 2022.

The core objectives of the study are to:

• explore how and why UK organisations are changing their cyber security profile and how they implement, measure, and improve their cyber defences.

• provide a more in-depth picture of larger organisations, covering topics that are lightly covered in the Cyber Security Breaches Survey (available from the UK Data Archive under Generic Number 33549), such as corporate governance, supply chain risk management, internal and external reporting, cyber strategy, and cyber insurance.

• explore the effects of actions adopted by organisations to improve their cyber security on the likelihood and impact of a cyber incident.

Further information and additional publications can be found on the GOV.UK Cyber Security Longitudinal Survey pages.

Wave 1 data from the Cyber Security Longitudinal Survey can also be found on the UK Data Archive under Study Number 8969.

In Turkey, approximately *** thousand data breaches were recorded between July and September 2022. In the second quarter of 2020, the data breach count reached nearly ** million, which was the highest figure over the observed period.

As per Cognitive Market Research's latest published report, the Global video surveillance as a service (VSaaS) market size was $3.5 billion in 2022. video surveillance as a service (VSaaS) Industry's Compound Annual Growth Rate will be 18.50% from 2023 to 2030. What Elements Influence the Video Surveillance as a Service (VSaaS) Market?

Growth of the "As-a-Service" Business Model Will Drive the Market

Demand for VSaaS is predicted to expand as business usage of the cloud increases. A rise in cloud regions and apps also contributes to a rise in demand for public cloud application services.

For instance, in August 2022, Google LLC intended to create three cloud zones in Asia Pacific, spanning Malaysia, Thailand, and New Zealand. Locally soaring demand for cloud services propels the growth of the cloud region across the nations.

(Source:techcrunch.com/2022/08/09/google-cloud-announces-upcoming-regions-in-malaysia-thailand-and-new-zealand/amp/)

The as-a-service (aaS) approach, which enables consumers to tailor the solution to their needs, is also primarily adopted by enterprises. Enterprises don't have to own the cost-efficient, scalable, and on-demand solutions the aaS model offers. With updated or expanded products and services, VSaaS offers flexible scalability to harness the advantages of sophisticated analytics to improve operations. As a result, it can react swiftly to shifting market conditions.

The Issues Limit the Market for Video Surveillance as a Service (VSaaS)

Growing Cloud Cybercrime Restrains Market Growth

The market expansion is constrained by increased data breaches and cybercrimes affecting Internet of Things (IoT) devices, smartphones, and CCTV cameras. It is anticipated that the adoption of cloud-based video monitoring will be hampered by the growing privacy concerns about safeguarding video data from hackers and cybercriminals. Organizations aren't allowed to store video footage on the cloud due to the high danger of misuse of video data saved in the public cloud and the rising number of data breaches. Networked video surveillance systems are more susceptible to cyberattacks, and hackers target specific systems using Distributed Denial of Service (DDoS) attacks.

Impact of COVID–19 on the Video Surveillance as a Service (VSaaS) Market

The pandemic of COVID-19 has had a significant impact on the electronics and semiconductor industries. Several manufacturing plants and enterprises have closed across the globe as a result of social distancing efforts. Furthermore, travel and foreign commerce limitations reduced overall sales of the products. Furthermore, the lockdown interrupted worldwide supply chains, which severely impacted video surveillance camera sales for a short period. Introduction of Video Surveillance As A Service VSaaS

The fundamental component of video surveillance as a service is surveillance, then cloud computing. Storage, video recording, alarms, remote watching, and cyber security are all included in this package. Video surveillance eliminates the need to save data for every recorded video from each camera because it is saved in the cloud and accessible via a web browser or an app on a smartphone or tablet. The quick expansion of multi-brand retail and increasing infrastructure spending is anticipated to accelerate the installation of video surveillance and VSaaS systems. The market is anticipated to use video surveillance, VSaaS systems, cloud services, and remote monitoring. Demand for storage systems like VSaaS has increased as video surveillance becomes increasingly widespread.

These changes enable businesses to offer more specialized goods and services, promoting the growth of video surveillance as a service (VSaaS).

For instance, in May 2022, security managers may access system status, alerts, and video with the help of Flir Systems' United Video Management Software (United VMS) 9.2, field-tested and regarded as an industry standard. Such changes will have a favorable effect on market expansion.

(Source:www.flir.in/news-center/security/introducing-flir-united-vms-9.2/)

According to estimates, global security testing valued at USD 6.02 billion in the year 2025 is growing at a projected CAGR of 13.63% for the forecasted period of 2025 to 2033 and would reach USD 16.69 billion. Thus, the growth rate of the industry is fueled by this rising number of cyberattacks and data thefts. In addition to this, the increasing adoption of cloud computing, mobile devices, and Internet of Things (IoT) is fueling up the demand in the market further. Main trends observed in the market include AI and ML adoption for automated security testing and a convergence of security testing tools and services into comprehensive cybersecurity platforms.The market is divided into type, such as social engineering and application security testing, deployment mode, including cloud and on-premise, organization size, which is divided into large and small, and end-user industry, including BFSI and retail. Among them, the application security testing segment is dominating the market due to the increasing demand for protection against cyberattacks on web applications and mobile applications. Organizations seeking cost-effective and flexible security testing solutions is another growing popularity of cloud deployment mode. North America possesses the largest share in the global market followed by Europe and Asia Pacific. The major players in the market include Cisco Systems, Hewlett Packard Enterprise, IBM Corporation, Qualys, WhiteHat Security, and Checkmarx. Recent developments include: July 2023: Hewlett Packard Enterprise announced that Fastweb S.p.A, one of the leading telecom operators in Italy, has chosen HPE Green Lake edge-to-cloud platform from Hewlett Packard Enterprise (HPE), the market-leading cloud services platform to modernize its Fastcloud Business Unit thereby accelerate new service deployment and improve agility. The new foundation also increases governance, security & operations through improved visibility of utilization and costs., April 2023: McAfee Corp announced the expansion of its nine-year-long partnership with Samsung to safeguard customers' personal data and information against online threats; this deal means that pre-installed in all Samsung phones, including the latest Galaxy S23 Ultra, Galaxy S23+, Galaxy S23 as well as the complete series of the Galaxy Book3 range is powered by McAfee antivirus protection. In addition to smartphones, collaboration improves solutions for Samsung tablets and PCs., October 2022: Datadog, Inc., a monitoring and security platform for cloud applications, announced the launch of Datadog Continuous Testing, a new product that helps developers and quality engineers quickly create, manage, and run end-to-end tests for their web applications., September 2022: StackHawk, an application security testing provider, announced the launch of its Deeper API Security Test Coverage. The company's Deeper API Security Test Coverage release allows teams to leverage existing automated testing tools, such as Postman or Cypress, to explore paths and endpoints, provide custom test data for scans, and cover proprietary use cases for security testing., June 2022: Autocrypt announced in June 2022 that it was one of the start-ups approved by MobilityXlab to connect companies in the mobility sector. Autocrypt, therefore, plans to focus on cybersecurity testing and engineering technology., June 2022: Synopsys, Inc. acquired WhiteHat Security for US$330 Mn. PROVIDER OF SAAS FOR APPLICATION SECURITY TESTING. Key drivers for this market are: Rising incidence of cyber attacks Increased regulatory compliance requirements Adoption of cloud computing and mobile devices Growing awareness of data privacy and security. Potential restraints include: Skill shortage in cybersecurity professionals Complexity of modern IT systems Inadequate testing budgets. Notable trends are: Escalating cyber threats and data breaches have heightened the significance of security testing for businesses. The proliferation of cloud-based services has created new security challenges, driving demand for cloud-based security testing solutions. Growing regulatory mandates and compliance requirements necessitate robust security testing measures..