Qualys (US) and Rapid7 (US) are Leading Players in the Automated Breach and Attack Simulation Market
The global Automated Breach and Attack Simulation (ABAS) market is projected to reach USD 218,442 thousand in 2020 to USD 915,901 thousand by 2025, at a Compound Annual Growth Rate (CAGR) of 33.2% during 2020–2025. Major driving factors for the market include various factors, such as an increase in implementation of security measures, increasing complexities in managing security threats due to an increased number of attack vectors, and growing need to prevent data breaches due to the presence of stringent government regulations.
Major ABAS vendors include Qualys (US), Rapid7 (US), Sophos (UK), Keysight (US), Attack IQ (US), Cymulate (Israel), XM Cyber (Israel), Skybox Security (US), SafeBreach (US), FireMon (US), Verodin (US), Foreseeti (Sweden), NopSec (US), ReliaQuest (US), Scythe (US), CyCognito (US), Aujas (US) and, BitDam (Israel). These players have adopted various growth strategies such as new product launches and partnerships, agreements, and collaborations to enhance their presence in the global ABAS market. Partnerships, Acquisitions, and new product launches have been the most widely adopted strategies by major players from 2017 to 2019 and helped them innovate on their offerings and broaden their customer base.
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Qualys was founded in 1999 and is headquartered in California, US. Qualys is a pioneer in providing cloud security and compliance solutions to enterprises and SMEs across the globe. The company offers a wide range of products in Global IT Asset Management, IT Security, Compliance, Cloud and Container security, and Web App Security. All these products and services are powered by their unique cloud platform. The cloud platform helps end-users identify IT assets, collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions. The company’s cloud platform enables organizations to avoid costs and complexities related to managing multiple security vendors. Qualys offers its products and services to individuals, SMEs, and large organizations. The company caters to a wide range of industry verticals, including IT, retail, biotechnology, chemical, BFSI, telecommunications, education, media, automobile, food, and retail. It has a presence in 130 countries across North America, Europe, APAC, and MEA.
Founded in 2000 and headquartered in Massachusetts, US, Rapid7 is one of the prominent providers of security data and analytics solutions. The company offers advanced solutions in the areas of network security, application security, operations and analytics, and compliance. It offers its cybersecurity solutions to various industry verticals, such as energy, financial services, government, healthcare, retail, and education. Its customer base is spread in 131 countries across the globe, including regions such as North America, Europe, MEA, APAC, and Latin America. Rapid7 operates through three major business segments: products, maintenance and support, and professional services. The products segment includes VM, application security testing, orchestration and automation, and log management. Similarly, the company offers maintenance and support for its solutions, and it also provides professional services to secure organizations from APTs and vulnerabilities.
Related Reports:
Automated Breach and Attack Simulation Market by Offering (Platform and Tools, and Services), Service, Deployment Mode, Application (Configuration Management, Patch Management, and Threat Intelligence), End User, and Region - Global Forecast to 2025
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