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Global Cyber Situational Awareness Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " CyberSituationalAwarenessMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityand Forecast2023-2028

," the global cyber situational awareness market size reached US$ 51.2 Billion in 2022.

Cyber situational awareness (CSA) plays a crucial role in providing comprehensive and targeted insights into potential threats and vulnerabilities. It comprises sensors, cameras, displays, notification devices, gyroscopes, and global positioning systems (GPS). It offers real-time detection, management, and comprehension of information that help organizations to minimize human errors. Owing to these properties, CSA is extensively utilized across the aviation, automotive, defense, telecom, and aerospace industries.

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Global Cyber Situational Awareness Market Trends:

The market is primarily driven by the increasing instances of cyberattacks and fraudulent online activities across the globe. In addition, the sudden outbreak of the coronavirus disease (COVID-19) pandemic has escalated the adoption of the work-from-home (WFH) model, which represents another major growth-inducing factor. Besides this, CSA is widely utilized in the information technology (IT) industry to analyze storage infrastructure and eliminate the overall risk of data breaches. This, coupled with the implementation of stringent initiatives undertaken by governments of various nations for strengthening commercial and industrial infrastructures, is positively influencing market growth. Moreover, the emergence of bring your own device (BYOD) at workplaces, the rising utilization of cloudbased platforms for storing and managing crucial data, and extensive research and development (R&D) activities conducted by key players are also creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 142.4 Billion by 2028, exhibitingaCAGRof17.4%duringtheforecastperiod(2023-2028).

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