Operational Technology Security Market Size, Share and Forecast to 2029 The Operational Technology (OT) Security market is expected to grow from USD 20.7 billion in 2024, to USD 44.9 billion by 2029, at a compound annual growth rate (CAGR) of 16.8% during the forecast period, according to new research report by MarketsandMarkets™ Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18524133 Top Companies in OT Security Fortinet (US), Forcepoint(US), Cisco(US), Tenable (US), Forescout (US), Checkpoint (Israel), Broadcom (US), Trellix (US), Microsoft (US), OKTA(US), Palo Alto Networks(US), Qualys (US), Zscaler (US), BeyondTrust (US), CyberArk (US), Rapid7 (US), Sophos (US), Tripwire (US), Radiflow (Israel), Kaspersky (Russia), SentinelOne (US), Thales (France), Armis (US), Darktrace(US), Nozomi networks (US), Honeywell (US), Schneider Electric(France), Siemens (Germany), ABB(Switzerland), Forcepoint(US) are the key players and other players in the Operational Technology Security market. The escalating reliance on Operational Technology (OT) in vital infrastructure underscores the urgency for robust security measures. Unlike Information Technology (IT), OT systems oversee real-time physical processes, rendering them vulnerable to disruptions and attacks. This overview primes a thorough examination of OT security, encompassing its definition, significance, and evolving threat landscape. It delves into critical concepts like attack vectors, threat actors, and security controls while tackling challenges such as system heterogeneity and limited security expertise. Moreover, it delineates prevailing and emerging OT security solutions, encompassing frameworks, products, services, and best practices. SIEM for OT, asset discovery and management, network security, vulnerability management, IAM, and data security are vital components tailored to address OT environments' evolving cyber threats, enhancing overall security posture. By offering the services segment to grow with the highest CAGR during the forecast period. The global OT security market, by service, has been segregated into consulting & integration, support & maintenance, training & development, incident response services, and managed security services. Various industries and business models are at risk of disruption due to rapid technological advancements, which introduce new business models and alter distribution channels and interactions. OT security services are crucial for integrating and managing solutions across business operations, offering comprehensive support to protect critical infrastructure from cyber threats. Increased virtualization and cloud computing adoption drive demand for these solutions globally. They also aid organizations in real-time analysis of dynamic network communication and managing relationships with suppliers, partners, and vendors. By Deployment mode, the cloud segment will grow at a higher CAGR during the forecast period. Cloud-based OT security solutions provide businesses with a cost-effective means to bolster their security measures, irrespective of industry. Offering easy access and implementation without extensive on-site setups, cloud deployment's flexibility, and scalability are desirable as more enterprises embrace virtualization and cloud computing. This shift reduces infrastructure costs and eliminates constant IT maintenance, making it especially appealing for small to medium-sized enterprises (SMEs) with limited budgets. Streamlining access control management in physical and virtual environments, these solutions ensure robust protection against cyber threats. As businesses increasingly migrate their IT operations to the cloud, the demand for cloud-based security solutions continues to surge, enabling companies to focus on core activities while entrusting IT security complexities to specialized cloud services, driving market expansion. Request for Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=18524133

Facial Recognition Market Size & Share, Growth, Forecast The global Facial Recognition Market is estimated to be worth USD 6.3 billion in 2023 and is projected to reach USD 13.4 billion by 2028, at a CAGR of 16.3% during the forecast period. Accelerated adoption of facial recognition technology during and after the pandemic is driving the growth of the facial recognition market. Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=995 The global reaction to the COVID-19 outbreak is strongly linked to the driving force behind contactless solutions, including facial recognition technology. The pandemic created a general need to improve cleanliness and minimize physical touch, spurring a boom in the use of facial recognition in various industries. This trend has seen the rise of facial recognition as a significant factor, especially in authentication and access management applications. By Deployment Mode, the on-premises segment accounts for a larger market share. The on-premises segment is estimated to account for a larger market share during the forecast period. On-premises facial recognition refers to software and hardware systems installed locally within an organization's facilities, rather than cloud-based services. On-premises deployments allow organizations to retain complete control and security of biometric data and integrate with existing infrastructure like access control and security cameras. Key benefits of on-site deployment include data sovereignty, lower latency responses, the ability to function offline, and avoidance of recurring cloud subscription costs. Its typical use cases include building access, employee time tracking, and loss prevention in retail stores or casinos. The large enterprise segment accounts for a larger market share based on organization size. The large enterprises segment is estimated to account for a larger market share during the forecast period. Large enterprises across key sectors like technology, financial services, healthcare, and manufacturing have rapidly adopted facial recognition technology over the last few years. The driving factors include enhanced security, workplace automation, and seamless customer experiences. Its conventional applications include automated employee authentication for facility access control, time-tracking, increased safety/surveillance, and personalized customer engagement. While most large companies acknowledge public concerns surrounding consent, biases, and mass surveillance, pragmatic implementations focused on workplace security, operations optimization, and customer convenience continue accelerating. With decreasing costs and improving accuracy, enterprise adoption is expected to grow significantly despite increasing regulation. Asia Pacific to grow at the highest CAGR during the forecast period. During the forecast period, the Asia Pacific region is poised to exhibit the highest CAGR in the facial recognition market. Facial recognition technology has gained significant traction in Asia and has become a focal point for governments, businesses, and various sectors. The Asia Pacific region has witnessed widespread adoption of facial recognition across diverse applications, ranging from security and surveillance to finance, retail, and healthcare. Governments in the area have been actively deploying facial recognition for public safety and law enforcement purposes. The technology is employed in airports, border crossings, and public spaces to enhance security measures and monitor potential threats, driving the adoption of facial recognition technology in the region. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=995 Market Players The major players in the facial recognition market are NEC (Japan), Microsoft (US), Thales (France), AWS (US), IDEMIA (France), Aware (US), Daon (Ireland), Megvii (China), Facephi (Spain), Herta Security (Spain), OneSpan (US), Q3 Technologies (US), Neurotechnology (Lithuania), Cognitec Systems (Germany), Ayonix (Japan), NVISO.ai (Switzerland), FaceFirst (US), Clarifai (US), Iproov (UK), Oosto (Israel), Pangiam (US), Clearview AI (US), Corsight AI (Israel), Facia (UK) Veridium (US), and Visage Technology (Sweden).

Security Service Edge Market Size, - Global Industry Analysis, Share, Growth, Trends, And Forecast, 2023 – 2030 The SSE market is expected to reach USD 2.8 billion by 2028 from USD 0.8 billion in 2023, at a CAGR of 25.4 % during 2023–2028. The adoption of SSE has experienced a remarkable surge in recent years, driven by integration of a cloud access security broker (CASB) into an organization's security framework. This integration plays a pivotal role in addressing the challenges brought about by the widespread adoption of Software as a Service (SaaS) applications, often referred to as the "SaaS explosion." CASBs are purpose-built to provide organizations with the necessary tools to monitor, control, and secure data in the cloud. They offer visibility, data protection, and compliance enforcement for cloud-based applications, which is crucial in a landscape where data resides both on-premises and in the cloud. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186280780 Security Service Edge Market Drivers: Rising need for unified network security architecture. Integration of a Cloud Access Security Broker (CASB). Zero Trust Access Driving Security Service Edge (SSE) Adoption. Security Service Edge Market Restraints: Integration Complexity. Interoperability issues may arise during integration. Security Service Edge Market Opportunities: Cost savings by combining multiple security and network access. By consolidating various security and networking tools into a single SSE platform. Security Service Edge Market Challenges: Traffic Aggregation and User Experience. By integrating CASBs with SSE or Secure Access Service Edge (SASE) solutions, organizations create a holistic security ecosystem. This comprehensive approach extends uniform security policies and controls across the entire network, encompassing remote work scenarios and cloud resources. CASBs excel in safeguarding data, offering features like data loss prevention (DLP), encryption, and threat detection. Moreover, they ensure compliance with industry regulations, enabling organizations to navigate complex data privacy and security requirements. CASBs also provide real-time visibility into cloud application usage, enabling proactive security measures based on user behavior and context. As the SaaS landscape continues to evolve, CASBs remain adaptable, accommodating new services and threats to maintain the security and compliance of organizations in the dynamic digital environment. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=186280780 The Cloud Access Security Broker (CASB) registers the second highest market size in the SSE market during the forecast period. Cloud Access Security Brokers (CASBs) are vital security solutions that help organizations manage and safeguard their data as it traverses multiple SaaS applications and cloud environments, whether within their on-premises data centers or accessed by mobile workers. CASBs serve as intermediaries between an organization's security policies and the cloud resources, ensuring that authorized users can securely access and consume these resources while consistently enforcing security, governance, and compliance measures. There are two primary types of CASBs available: traditional CASBs and integrated CASBs. The BFSI segment is projected to register highest CAGR during the forecast period. The BFSI industry deals with sensitive financial data and customer information and demands rigorous security measures to safeguard against data breaches and cyber threats. In this context, financial institutions and insurance companies must implement robust SSE solutions encompassing secure access controls, encrypted communications, and continuous monitoring.