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Automated Breach and Attack Simulation Market Growing at a CAGR 40.2% | Key Player Qualys, Rapid7, DXC Technology, AttackIQ, Cymulate

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Automated Breach and Attack Simulation Market Growing at a CAGR 40.2% | Key Player Qualys, Rapid7, DXC Technology, AttackIQ, Cymulate

October 01
18:27 2020
Automated Breach and Attack Simulation Market Growing at a CAGR 40.2% | Key Player Qualys, Rapid7, DXC Technology, AttackIQ, Cymulate

Qualys (US), Rapid7 (US), DXC Technology (US), AttackIQ (US), Cymulate (Israel), XM Cyber (Israel), Skybox Security (US), SafeBreach (US), Firemon (US), Verdoin (FireEye) (US), NopSec (US), Threatcare (US), Mazebolt (US), Scythe (US), Cronus-Cyber Technologies (Israel), and Pcysys (Israel).
Automated Breach and Attack Simulation Market by Offerings (Platforms/Tools, Services), Application (Configuration Management, Patch Management, Threat Intelligence), End Users (Enterprise, Data Centers, Service Providers), Region – Global Forecast to 2024

The Automated Breach and Attack Simulation (ABAS) Market is projected to grow from USD 134 million in 2019 to USD 724 million by 2024, at a Compound Annual Growth Rate (CAGR) of 40.2% during the forecast period. The major factors driving the market include the need to coping up with upcoming regulation and compliances.

Based on offerings, the platform/tools segment is estimated to lead the market in 2019

The ABAS platform/tools offer enterprises security assessment by allowing the enterprises to create attack scenarios or use the existing attack scenarios from the data library to continuously attack their Information Technology (IT) environment. These simulations techniques expose the weaknesses that are present in the existing security architecture. The platform comprises various integrated tools, such as Integrated Incident Management, Threat Modelling, Security Auditing, and Analytics Tools. Vendors also offer these solutions as tools that only cater to a single requirement. These platform/tools offer continuous testing, monitoring, security controls, attack readiness, on-demand simulations, and security ratings. The adoption rate for these services is projected to increase because of high regulations imposed on organizations by various governing bodies.

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Configuration management segment to hold a larger market size during the forecast period

Configuration management is the implementation of a database that contains details of the organization’s elements that are used in the delivery and management of its IT services. The benefits of configuration management include facilitates establishing a reliable repository of accurate information regarding IT components. Configuration management solutions aim at providing accurate configuration information to assist decision-making and to help resolve incidents and problems faster.

ABAS solutions work as a security configuration management tool and helps in visualizing the security assets during the configuration management. ABAS can not only identify not only misconfigurations that make the systems vulnerable but can also identify unusual changes made to critical files.

The vendors covered in the market report include Qualys (US), Rapid7 (US), DXC Technology (US), AttackIQ (US), Cymulate (Israel), XM Cyber (Israel), Skybox Security (US), SafeBreach (US), Firemon (US), Verdoin (FireEye) (US), NopSec (US), Threatcare (US), Mazebolt (US), Scythe (US), Cronus-Cyber Technologies (Israel) and Pcysys (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the ABAS market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by these major players from 2017 to 2019 to innovate their offerings and broaden their customer base.

Qualys (US) has been acknowledged as one of the leading vendors of ABAS solutions. The company offers a diverse set of products and services, such as Information Technology (IT) Asset Management, IT Security, Compliance, Cloud and Container Security, Web App Security in the market. The company mostly focuses on inorganic growth strategies, such as new partnerships and acquisitions, to strengthen its innovative product portfolio. For instance, in February 2019, it partnered with IBM X–Force Red to automate vulnerability prioritization and patching. In April 2018, it acquired 1Mobility, which helped Qualys to bolster its enterprise mobile device compliance. Moreover, the acquisition enabled Qualys to provide organizations the ability to assess their security and compliance posture continually. Thus, the company is expected to have a significant opportunity in the security space in the future.

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Rapid7 (US) is another top player in the ABAS market. The company offers its software called InsightAppSec and Metasploit in the market. The company invests heavily in acquisitions as a strategy to strengthen its market position. For instance, in 2019, it acquired NetFort to provide its customers with network traffic visibility and analytics across cloud, virtual, and physical networks. The company concentrates on providing innovative products in order to enable its end clients to spread their business models and revenue streams. In the coming years, the company plans to further accelerate its pace of innovation, increase the value of the network, and deliver the right solutions to its customers.

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