Topic Discussed : Human Factors in Cybersecurity: Social Engineering and Awareness Training Services
Speakers : Swetha R K
Key Takeaways :
The European Security Awareness Training (SAT) market is expected to reach a size of $564.8 million by 2023, expanding at a CAGR of 26.1% over 2018-2023. Despite being in the early growth stage of the product lifecycle, the demand for a holistic SAT is high in Europe, partly owing to enterprises becoming cognizant of business continuity risks from security threats. However, lower entry barriers and high churn result in lower margins for vendors. The year 2018 saw many leading vendors getting acquired by endpoint security solution providers or managed service providers, pointing to a significant consolidation of the market in the near future. Vendors are embracing automated technology based solutions to streamline the detection and response process.
Frost & Sullivan’s study on the European SAT market provides a comprehensive analysis of trends, perspectives, and market forecasts until 2023. Along with a thorough competitor analysis of key market participants, this study highlights the opportunities that can be mined with the growing social engineering attacks and the associated threats to revenue and reputation of enterprises. The study also showcases market trends in the SAT market and the best practices for Chief Information Security Officers (CISOs) to follow while implementing a SAT solution.
Related Keywords: Frost & Sullivan, Human factors, Social engineering, security awareness training, Behavioral conditioning, anti-phishing simulation, Insider threat
Website: www.frost.com
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