Next-generation intrusion prevention system (NGIPS) market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).Next-generation intrusion prevention system (NGIPS) is a piece of hardware or software used in network security that continuously scans connections for possible threats. If a threat gets past security firewalls, it is stopped by reporting, blocking, or destroying it. It is positioned somewhere behind the firewall and in line with the source and destination.
5G security market is anticipated to grow at a CAGR of 13.4% during the forecast period (2024-2031). The growing adoption of 5G security solutions is increasingly in demand owing to network slicing and significant security expansion over 4G and LTE with strict government laws aimed at preventing data thefts through the use of 5G applications is the key factor supporting the growth of the market globally. The 5G security is designed to address enhanced mobile broadband (eMBB), massive machine-type communication (mMTC) and ultra-reliable low-latency communications (URLLC).
Unified endpoint management market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Unified Endpoint Management (UEM) allows IT to manage, secure, and deploy corporate resources and applications on any device from a single console. The growing adoption of intuitive user interfaces, scripted actions, approval workflow features, RBAC roles, and more, for efficient endpoint management is the key factor supporting the growth of the market globally.
Wireless network security market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). The growing adoption of next-generation wireless access points (APs) with improving network connectivity is the key factor supporting the growth of the market globally. Users require more bandwidth than ever before, and many organizations are investing in next-generation wireless access points (APs) to provide increased connectivity.
IT vendor risk management market is anticipated to grow at a significant CAGR of 14.8% during the forecast period. The market growth is attributed to factors such as growing regulatory compliance, growing cyber-attacks, technological advancements, growing cloud adoption by organizations, and the need to continuously monitor vendor performance among others. Apart from this growing competition and global economic uncertainties have pushed industries to outsource operations to reduce costs. A vendor risk management program is a systematic approach to identifying, assessing, and mitigating risks posed by third-party vendors.
The global financial crimes software market is anticipated to grow at a significant CAGR of 9.5% during the forecast period (2021-2027). Nowadays, younger generation’s investors and users are showing interest towards digital or cashless transactions.
The global electronic warfare systems market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Significant technological advancements as well as integration of electronics in military equipment are resulting in a shift toward multi-layered defense systems, which is expected to boost the electronic warfare market, during the forecast period.
The Low-frequency vector network analyzer market is estimated to grow at a CAGR during the forecast period. The primary factor driving the growth of the low-frequency vector network analyzer market includes the huge application of electronic gadgets in the laboratory.
The global fiber optic cable assemblies market is estimated to grow at a CAGR of nearly 9.2% during the forecast period. The key factor contributing to the growth of the global fiber optic cable assemblies market includes the rising penetration of the internet in the public discourse.
Insurance fraud detection is anticipated to grow at a CAGR of 10.3% during the forecast period. The fraud detection system is a software application that is utilized to offer analytical solutions against fraud incidence and enables to identify future fraud occurrences. The different factors that include an increase in the sophistication level of cyber attack and large monetary losses due to this attack in the insurance sector are projected to drive the insurance fraud detection industry growth.
Data center cooling is the heat removal process from data centers. Due to excessive server load, heat production becomes a factor for inefficient operations. Precise cooling and efficient heat rejection methods are being adopted for data center cooling.