Blockchain Press Releases
Adaptive Security Market to Reach $40.9 Billion, Globally, by 2032 at 17.2% CAGR: Allied Market Research
The global adaptive security market is experiencing growth due to the factors such as a rise in demand of enhanced security solutions, rising adoption of digitalization in businesses, and surge in integration of government initiatives in security standards.
PORTLAND, Ore., July 4, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Adaptive Security Market by Component (Solution and Service), Deployment Mode (On-Premise and Cloud), Application (Network Security, Application Security, End Point Security, Cloud Security and Others) and Industrial Vertical (BFSI, IT & Telecom, Retail and E-Commerce, Manufacturing, Healthcare, Energy and Utilities, Government & Defense and Others): Opportunity Analysis and Industry Forecast, 2022-2032″. According to the report, the Adaptive security industry generated $8.6 billion in 2022, and is anticipated to generate $40.9 billion by 2032, witnessing a CAGR of 17.2% from 2023 to 2032.
Prime determinants of growth
The rise in demand of enhanced security solutions, rising adoption of digitalization in businesses, and surge in integration of government initiatives in security standards are expected to propel the growth of the market during the forecast period. However, the high implementation cost of adaptive security solutions and the dearth of skilled cyber-security professionals and strategic planning restrict the growth. Furthermore, the advancement of artificial intelligence (AI) and machine learning (ML) technologies offers a strong opportunity for the adaptive security industry. In addition, collaboration and partnerships with other vendors are also expected to provide lucrative opportunities for market growth during the forecast period.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/108091
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$8.6 Billion |
|
Market Size in 2032 |
$40.9 Billion |
|
CAGR |
17.2 % |
|
No. of Pages in Report |
319 |
|
Segments Covered |
Component, Deployment Mode, Application, Industry Vertical and Region. |
|
Drivers |
The rise in demand of enhanced security solution Rising adoption of digitalization in businesses The surge in the integration of government initiatives in security standards |
|
Opportunities |
The advancement of artificial intelligence (AI) and machine learning (ML) technologies Collaboration and partnerships with other vendors |
|
Restraints |
The high implementation cost of adaptive security solution Dearth of skilled cybersecurity professional and strategic planning |
Covid-19 Scenario
- The pandemic prompted every company and business to shift their business operations toward a remote work environment. As a result of the dire situation, companies began implementing their own device (BYOD) programs or enterprise-owned equipment. This led to more exposure to cyber-attacks. Adaptive security solutions have become crucial tools for businesses and organizations to manage their security operations and adapt to the new normal.
- Furthermore, the market witnessed a significant upturn, owing to the robust demand for security services across the world and escalating use of digital services in several sectors such as healthcare and manufacturing post the COVID-19 pandemic, thus enhancing the market growth.
Procure Complete Report (319 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/adaptive-security-market/purchase-options
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for around two-thirds of the adaptive security market revenue, and is estimated to maintain its leadership status throughout the forecast period. Adaptive security solutions have a transformative impact on businesses and organizations by providing optimizing security operations and facilitating informed decision-making. However, the services segment is projected to manifest the highest CAGR of 21.2% from 2023 to 2032, service plays a vital role in the adaptive security market, as service focuses on meeting customer requirements, including reduced cost and enhanced security performance.
The on-premise segment garnered the major share in 2022
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than three-fifths of the adaptive security market revenue. This on-premise segment enables businesses complete control over the security protocols and data that can be beneficial for sectors or organizations with regulatory standards. However, the cloud segment is expected to portray the largest CAGR of 20.6% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. This is attributed to the numerous advantages offered by cloud-based security solutions such as scalability, flexibility, and reduced infrastructure costs.
The cloud security segment to rule the roost throughout the forecast period
Based on application, the network security segment held the highest market share in 2022, reporting for more than one-third of the adaptive security market revenue, and is estimated to maintain its leadership status throughout the forecast period. Network security plays a crucial role in adaptive security, it is essential to note that adaptive security encompasses a broader spectrum of security technologies and approaches. The same segment is projected to manifest the highest CAGR of 22.1% from 2023 to 2032, as organizations increasingly adopting cloud-based services and infrastructure in businesses, which is expected to provide lucrative opportunies for the market growth.
North America region garnered the major share in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for more than one-third of the adaptive security market revenue. The region has been at the forefront of cyber-security initiatives, including the development and adoption of advanced technologies. Thus, anticipated to propel the growth of the market. However, the Asia-Pacific is expected to witness the fastest CAGR of 21.9% from 2023 to 2032, and is likely to enhance the market growth during the forecast period, owing to an increase in penetration of digitalization and higher adoption of advanced technology.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/108091
Leading Market Players: –
- Aruba Networks Inc.
- Cisco Systems Inc.
- Cloudwick Inc.
- Fortinet, Inc.
- IBM Corporation
- Juniper Networks Inc.
- Panda Security Inc.
- Rapid7 Inc.
- RSA Security LLC
- Trend Micro Incorporated
The report provides a detailed analysis of these key players in the adaptive security market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in ICT & Media Industry:
Low Power Wide Area Network Market Expected to Reach $582 Billion by 2032
Fog Networking Market Expected to Reach $7.8 Billion by 2032
Mobile Application Security Market Expected to Reach $37.1 Billion by 2032
Managed Services Market Expected to Reach $594.8 Billion by 2031
Image Recognition Market Expected to Reach $126.8 Billion by 2032
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/information-and-communication-technology-and-media
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/adaptive-security-market-to-reach-40-9-billion-globally-by-2032-at-17-2-cagr-allied-market-research-301869483.html
Blockchain Press Releases
Bybit Invests $1M in EthicHub Through Blockchain for Good Alliance to Drive Agricultural Finance for Global Farming Communities
DUBAI, UAE, Feb. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces a $1 million impact investment in EthicHub, facilitated through the Blockchain for Good Alliance (BGA).
Since pioneering the Blockchain for Good Alliance in April 2024, Bybit has championed the use of blockchain innovations to solve real-world challenges. EthicHub, a key project supported by the BGA Incubation Programme and the Grand Social Impact Award winner at the BGA Web3 Oscar, exemplifies this vision by leveraging blockchain to drive financial inclusion and empower smallholder farmers. This investment aligns with Bybit’s commitment to leveraging blockchain technology for tangible social impact, driving financial inclusion for smallholder coffee farmers in emerging markets.
Empowering Sustainable Coffee Farming Through Ethical Finance
EthicHub is revolutionizing agricultural finance by integrating productive lending, blended finance, and market access. With this $1 million investment, Bybit will establish the “Bybit Pool”, a dedicated fund within the EthicHub ecosystem designed to provide ethical credit lines to small and medium-sized coffee farmers.
This initiative will empower farmers to break free from exploitative lending practices, improve productivity, and secure fair prices for their coffee. Additionally, it aligns with Bybit’s broader mission of bridging the gap between blockchain solutions and real-world economic transformation.
Key Highlights of the Investment Agreement:
- Exclusive Fund: Bybit’s investment will be managed exclusively within the EthicHub ecosystem, ensuring transparency and accountability.
- Sustainable Social Impact: The fund provides direct financial access to coffee farmers, fostering economic resilience in rural communities.
- Fair Financial Returns: Bybit will receive an 8% annual return over a 15-month term, demonstrating the viability of impact investing.
- Transparency & Reporting: LendingDev, EthicHub’s operator, will provide quarterly performance updates and comprehensive end-of-term reporting.
A New Era of Blockchain-Powered Social Good
Bybit’s investment exemplifies how blockchain-powered finance can drive sustainable change. Through BGA’s role in fostering strategic collaborations, this initiative paves the way for blockchain adoption in real-world economic empowerment.
“Blockchain has the power to unlock new financial opportunities for those historically excluded from traditional banking systems. Our $1 million investment in EthicHub reinforces Bybit’s dedication to using innovation for real-world impact, proving that blockchain can be both profitable and transformative,” said Helen Liu, Chief Operating Officer at Bybit.
Gabriela Chang, CSO & Co-founder of EthicHub added: “Bybit’s commitment is a game-changer for our mission. This investment will directly support smallholder coffee farmers, enabling them to increase productivity, access fair financing, and secure better market opportunities. It is an example of how blockchain can create real-world solutions for pressing global challenges.”
Case Study: EthicHub’s Impact – How Neri Ortiz Transformed His Future
For generations, smallholder coffee farmers like Neri Ortiz in Motozintla, Mexico, faced relentless challenges: unstable coffee prices, predatory lenders, and limited market access. With no financial safety net, many were forced to abandon farming altogether.
The introduction of EthicHub changed everything. By offering fair, blockchain-powered financing, EthicHub provided Neri and his cooperative with the resources to improve production, invest in sustainable farming techniques, and eliminate exploitative middlemen. For the first time, they could sell directly to specialty coffee buyers at fair market prices.
This access to ethical lending transformed not just Neri’s farm but his entire outlook. He began experimenting with quality-enhancing techniques like controlled fermentation, which boosted the value of his coffee. With newfound financial stability, he reinvested in his farm, secured better futures for his family, and began mentoring other farmers to do the same.
Bybit’s investment in EthicHub ensures that more farmers like Neri can break free from financial hardship, build resilient livelihoods, and sustain the agricultural traditions that feed global coffee markets. This is the power of blockchain-driven impact investing—real solutions for real people, transforming entire communities.
Join the Movement
Bybit invites fellow blockchain innovators and socially responsible investors to explore the possibilities of blockchain-powered impact investments. By working together, the industry can drive sustainable economic solutions that benefit both investors and underserved communities.
For more details on EthicHub’s initiatives, visit EthicHub Website.
#Bybit / #TheCryptoArk /#BGA
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2625743/Bybit_Invests__1M_EthicHub_Through_Blockchain_Good_Alliance_Drive_Agricultural.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-invests-1m-in-ethichub-through-blockchain-for-good-alliance-to-drive-agricultural-finance-for-global-farming-communities-302382989.html
Blockchain Press Releases
Bybit Defies Odds: How the Largest Crypto Hack in History Became a Test of Resilience and Transparency
DUBAI, UAE, Feb. 23, 2025 /PRNewswire/ — In a remarkable display of resilience and professionalism, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history. On February 21, 2025, hackers stole approximately $1.5 billion in digital assets from Bybit’s Ethereum wallet, marking the biggest cryptocurrency heist ever recorded. Despite this unprecedented breach, Bybit’s swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility.
Swift Crisis Management
Bybit’s response to the hack was marked by swift action, transparency, and professionalism. Ben took immediate ownership of the situation, addressing the community within 30 minutes via X and conducting a livestream session just one hour after the incident. This live session, which lasted over two hours, provided real-time updates and detailed explanations, ensuring that all stakeholders were informed and reassured. Bybit’s prompt and open communication effectively prevented panic and maintained trust in the exchange, setting a high standard for crisis management in the crypto industry
Throughout the crisis, Bybit’s withdrawal and product services remained uninterrupted, with clients able to access support and their respective relationship managers at all times. This seamless continuity was a testament to the team’s preparedness and efficiency, even under extreme pressure.
Industry Unity in Support of Bybit
The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker’s wallets, preventing further movement of stolen funds. This unprecedented show of unity underscores the growing maturity of the crypto sector, where competitors become allies in times of need.
Client Fund Protection
Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact. Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.
Regulatory and Law Enforcement Collaboration
Bybit worked closely with regulators and law enforcement agencies to address the hack. This collaboration not only facilitated a swift response but also set a precedent for future cooperation between the crypto industry and regulatory bodies. As the incident unfolds, further developments are expected from this front, potentially leading to enhanced security measures and regulatory frameworks.
Rapid Recovery
Bybit demonstrated remarkable resilience in the face of the crisis, processing over 350,000 withdrawal requests efficiently within 12 hours of the hack. Despite the surge in withdrawal requests, the exchange ensured that all transactions were completed without significant delays, showcasing the team’s professionalism and experience in managing critical incidents. Bybit’s operations quickly returned to normal, with client activity rebounding to pre-hack levels within 24 hours. This swift recovery underscores the trust that clients and investors have in Bybit’s crisis management capabilities, highlighting the exchange’s ability to maintain stability even in the most challenging circumstances
Bybit’s handling of the recent hack sets a new industry standard for crisis management. The exchange’s ability to turn a potentially disastrous event into a demonstration of resilience and transparency is a testament to its long-standing culture of responsibility and openness. This incident highlights not just Bybit’s operational excellence but also the growing maturity and unity of the crypto industry as a whole.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-defies-odds-how-the-largest-crypto-hack-in-history-became-a-test-of-resilience-and-transparency-302382869.html
SINGAPORE, Feb. 23, 2025 /PRNewswire/ — In the wake of the recent $1.5 billion hack affecting a major cryptocurrency exchange, HTX hosted a live discussion on X and its Global Advisor Justin Sun addressed the growing security concerns in the cryptocurrency industry. The discussion, titled “Together Against Industry Crisis, Is There a Best Solution for the Security of the Crypto Industry?” featured insights from leading security firms SlowMist and GoPlus Security, as well as prominent KOLs.
Security: A Top Priority for HTX
Sun stressed that security is a “top priority”, demanding constant vigilance and learning. He illustrated how hacker tactics have evolved, from early hot wallet attacks to more sophisticated multi-signature wallet breaches, and declared that exchanges must continuously enhance their security protocol.
Sun emphasized that security is like personal health management, requiring internal efforts and a proactive approach. HTX has implemented multi-device login, remote login alerts, abnormal transfer alerts, and other security features, and has publicly disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.
Sun’s Influence on Security Practices Across the Crypto Landscape
Sun’s commitment to security extends to his vision for HTX and his influential role in shaping security practices across the broader crypto landscape. He believes that the principle of security is considered fundamental to every business and product. He cited the early implementation of native multi-signature functionality in TRON as a successful example of proactive security design, demonstrating his commitment to building security into the foundation of his projects. He also highlighted the recent launch of USDD 2.0, emphasizing the deep understanding of stablecoin security risks that informed its development. “Just as exchanges should strengthen security mechanisms from the source in system design and operation, to maximize the prevention of security incidents,” Sun stated.
Sun also revealed that HTX collaborates with numerous white hat teams to conduct continuous penetration testing, security drills, and vulnerability mining. The platform actively monitors global cryptocurrency security incidents and studies hacker attack principles and methods for effective prevention.
Addressing the Situation and Industry Cooperation
Regarding the controversy surrounding CZ’s suggestion for the affected exchange to suspend withdrawals, Sun acknowledged the validity of the advice from an exchange perspective. He explained that the initial hours after a security breach are crucial for investigating the issue and ensuring safety. While suspending withdrawals is necessary to eliminate risks, the suspension period should be minimized to reduce user impact.
Sun called for closer cooperation between exchanges, security agencies, and the community to jointly address hacker threats, promote technological sharing, security innovation, and information exchange, and promote the healthy and sustainable development of the industry.
HTX’s Commitment to User Safety
HTX demonstrates its commitment to security through a proactive and continuously improving approach. The platform’s multi-faceted security strategy encompasses collaboration with leading security experts, rigorous ongoing monitoring, robust internal protocols, and a focus on enhancing multi-signature support, security alerts, and mitigating emerging threats such as hashtag scams. This comprehensive strategy reflects HTX’s dedication to safeguarding user assets and fostering a secure and reliable trading environment. This commitment was further emphasized by the specific security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact [email protected].
Contact Details
Ruder Finn Asia
[email protected]
Logo – https://mma.prnewswire.com/media/2391903/image_ID__Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/htx-global-advisor-justin-sun-advocates-crypto-security-collaboration-302382866.html
-
Blockchain6 days agoBybit Introduces the Physical Card for International Users: Simplifying Cryptocurrency Spending Worldwide
-
Blockchain4 days agoUAE Loyalty Programs Market Databook 2025: A $817.6 Million Market by 2029 – Digital Transformation of Loyalty Programs, Integration with Fintech and Payment Ecosystems
-
Blockchain5 days agoBlocks & Headlines: Today in Blockchain – February 18, 2025: Featuring Bitcoin, Wyoming Treasury, Jamaica, Tether, HyperLiquid, and New York Crypto Task Force
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain – February 17, 2025: LightChain, Blockchain.com, Polkadot, Colle AI, MEER
-
Blockchain5 days ago
Cycurion (NASDAQ: CYCU) and iQSTEL Form Exclusive Cybersecurity Partnership to Expand into High-Tech, High-Margin Markets
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – February 19, 2025 | Gold Reserve Audit, BlockAid, RYT, Malta, Taitiko, Digift
-
Blockchain Press Releases2 days agoOkto, the first end-to-end chain abstraction solution for developers, promises 90% reduction in development time, now live on Testnet
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – February 20, 2025 | Convergence, LayerZero, Rootstock, VitaminAI, Solpen
