Global Security Awareness Training Software Market Scope Report

Global Security Awareness Training Software Market Highlights Over 2023 - 2035

The global security awareness training software market is estimated to garner a significant revenue by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. Further, the market generated a notable revenue in the year 2022. The growth of the market can be attributed to the increasing awareness for data security among the organizations and its employees. Moreover, trainings are provided to the employees to protect data from any attack. As per the data reported, nearly one trillion dollars is the cyberattack cost to the global economy.

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Security awareness training software refers to a formal process that teaches employees and third-party stakeholders, such as contractors and business partners, how to protect an organization's computer systems, data, people, and other assets from internet-based threats or criminals. It empowers employees to take a better decision at a right time and protect the assets of the organization.  There has been a surge in the number of attacks on the organization’ s data through different forms such as e-mails, fraud links, and others. Hence, rise in the number of e-mails is expected to drive the growth of the global security awareness training software market. As per the data reported, more than 300 Billion e-mails were received and sent on daily basis across the globe. In the year 2021.

Global Security Awareness Training Software Market: Growth Drivers and Challenges

Growth Drivers

• Growing Need for Employees Training– There is a growing need for employees training as there are many incidents in organizations where the employees directly or by mistake expose information that enables cyber criminals to access the data. Therefore, it is anticipated to surge the growth of the global security awareness training software market. More than 70 per cent of the data breaches in organizations are caused by human errors.

• Rising Internet Penetration in Organizations – More than 60 per cent of the online fraud is accomplished through mobile platforms.

• Surging Adoption of Cloud Computing – Nearly 60 per cent of the global organization’s data is stored on cloud in the year 2022.

• Increasing Number of Software Manufacturers– According to the stated data, there are more than 6 Million software developers in Europe in the year 2022.

Challenges

• High Cost for the Training of Employees

• Need for Regular Training

• Scarcity of Professionals for Operating Software

The global security awareness training software market is segmented and analyzed for demand and supply by end users into large enterprises, and small & medium enterprises. Out of these, the small & medium enterprises segment is anticipated to hold the largest share over the forecast period owing to the increasing number of small & medium enterprises across the globe. Furthermore, there is a hike in the adoption of internet-based services by them and it is expected to rise the growth of the segment in the market over the forecast period. In the United States, the number of small businesses reached more than 33 Million in the year 2022.

Global Security Awareness Training Software Market Regional Synopsis

Regionally, the global security awareness training software market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 on the back of  surging use of cloud computing, and spike adoption of internet by various organizations in the region such as United States. Moreover, there is a high prevalence of breaches in the organizations accounting a large cost to them, and it is projected to drive the growth of the market in the region. As per the data reported by Identity Theft Resource Center, more than 1800 data breaches occurred in the year 2021 in United States.

Market Segmentation

Our in-depth analysis of the global security awareness training software market includes the following segments:

Key Companies Dominating the Global Security Awareness Training Software Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global security awareness training software market that are included in our report are Ataata (Mimecast Services Limited), The Defence Works, Symantec (Broadcom Inc.), Inspired Learning, Webroot Inc. (Open Text Corporation), KnowBe4, Inc., SANS Institute, Proofpoint, Inc., (ISC)², Inc., Infosec Institute, Inc., and others.

Global Security Awareness Training Software Market: Latest Developments

• July, 2018: Mimecast Services Limited announced the acquisition of Ataata to offer cybersecurity awareness capabilities with leading training content, real-world simulation attack, and risk scoring scenarios.

• August, 2022: SANS Institute announced the partnership with Mission43 to launch a new academy in order to bring free cybersecurity training and certification to Idaho Veterans.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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