Cyber Range Platform Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-based Cyber Range, On-Premises Cyber Range, Hybrid Cyber Range), By Application (Education and Training, Cyber Security and Defense, MSP and MSSP, Others) and Regional Insights and Forecast to 2032

Updated On: 27 May 2024

CYBER RANGE PLATFORM MARKET REPORT OVERVIEW

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The global cyber range platform market size expanded rapidly in 2022 and will grow substantially by 2028, exhibiting a prodigious CAGR during the forecast period.

Cyber ranges are innovative form of virtual environments exclusively utilized for training in cybersecurity, cyberwarfare, and the development of cybersecurity-related technology. They can range widely in size from a single node to a network that resembles the internet. The importance of cybersecurity training and skill development has led to tremendous expansion in the global cyber spectrum for education industry. Cyber ranges are virtual settings that mimic actual cyberattacks and incidents, giving students and cybersecurity experts practical instruction and experience. They provide a secure environment in which to hone cybersecurity knowledge, strengthen incident response capacities, and boost overall cyber resilience. The increasing number of cyberthreats, data leaks, and cyberattacks on businesses in a range of sectors has brought attention to the urgent need for qualified cybersecurity specialists.

The market will grow as artificial intelligence and machine learning become more prevalent in the world of cyber security platform. A stronger foundation of internet security solutions has been established in connected network architecture with the emergence of e-commerce platforms, artificial intelligence, cloud computing, machine learning and blockchain. Moreover, network security solutions integration is a major focus area for e-commerce companies' IT and electronic security systems. As more and more people use these technologies to defend against cyberattacks, there is a growing need for network cyber range security solutions. The growing number of internet security threats is driving up need for creative solutions, which could hinder the cyber range platform growth.

COVID-19 Impact: Restriction on In-Person Contacts Promoted Market Expansion

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Numerous businesses were significantly impacted by the COVID-19 pandemic, including the global cyber range for the education market. Due to the pandemic's effects on traditional training programs and education techniques, online learning and cybersecurity training platforms like cyber ranges, have become more popular among consumers. The negative impacts of the COVID-19 pandemic and mounting environmental concerns are fueling the growth of cyber range platform sector. Cyber sales have increased even further as a result of inventory constraints imposed on by restrictions on international travel and transit. Organizers and educational institutions encountered difficulties when delivering cybersecurity training in-person. They were able to maintain the continuity of skill development projects by using cyber ranges to digitally carry out training and certification programs. During the epidemic, a lot of cybersecurity contests and activities switched to virtual formats. Cyber ranges were essential in setting up the infrastructure needed to conduct these competitions and let competitors compete from a distance.

LATEST TRENDS

"Growing Interest In Online Learning, The Need For Cyber Security Education, Technological Advancements, And Government Efforts Leading Market Expansion"

The market will grow as artificial intelligence and machine learning become more prevalent in cyber security. An important development influencing the Financial Service Cyber Security Market is the growing amalgamation of AI and ML technologies. The use of AI and ML is improving incident response, threat identification, and security operations as a whole. Financial institutions can now evaluate enormous volumes of data in real-time and spot trends and anomalies that could point to a cyberattack thanks to these technologies. AI-driven cyber security systems can also minimize potential damage and speed up response times by automating responses to specific attacks. AI and ML give the ability to keep one step ahead of attackers as financial cyber threats become more complex.

CYBER RANGE PLATFORM MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Cloud-based Cyber Range, On-Premises Cyber Range, Hybrid Cyber Range.

• Cloud-based Cyber Range: The cloud-based cyber range services industry has adopted strong cyber security measures in large part due to the ever-evolving nature of cyber threats.

• On-Premises Cyber Range: On-premises cyber range takes the advantage of cyber range platform to managed services and provide necessary tools and expertise.

• Hybrid Cyber Range: Hybrid cyber range refers to the use of cyber technology for cloud-based operations and identify risks factor in digital world. 

By Application

Based on application the global market can be categorized into Education and Training, Cyber Security and Defense, MSP and MSSP, Others.

• Education and Training: In the digital era, education and training programs taking advantage of cyber range methods to organize online classes and one to one meeting.

• Cyber Security and Defense: Cyber range platform provides protection from fraudsters and maintains cyber security and defense.

• MSP and MSSP: MSSP provides real security as a service, guaranteeing the safety and security of your systems and compliant, while a Managed Service Provider makes sure your IT systems are up and running.

DRIVING FACTORS

"Blockchain's Growing Popularity Will Boost The Market"

Global ownership of cryptocurrencies and blockchain technology is growing daily. Due to the growing number of individual users in this industry, there is a significant acceleration of security threats and cryptocurrency threads. The extremely erratic cryptocurrency servers have the potential to cause sector losses of billions and investor losses of millions. The business operating in this industry is heavily investing in cyber insurance as a defense against these threats.

"Increased Use Of Target-Based Cyberattacks To Cause Interruptions To Operations Will Expand The Market Growth"

Over the past few years, there has been a considerable increase in the sophistication and frequency of cyberattacks, which has led to the expansion of the cyber range platform market growth. Significant business interruptions and losses have resulted from the surge in cybercrimes, which include targeted attacks on networks, endpoints, and cloud-based services. These assaults frequently seek to steal sensitive and important data, which can seriously harm enterprises by interfering with operations, resulting in losses, and compromising private client information. Businesses over the world are investing more in cutting-edge information security technology to strengthen their security infrastructures in response to the expanding threat landscape. The sophisticated nature of these threats is best illustrated by cyber espionage outfits such as Dragonfly, Thrip, and Chafer, which are well-known for their focused cyberattacks on a range of industries, including telecom, defense, and aviation. Adopting comprehensive cybersecurity solutions is a major driver for enterprises globally to guard against such advanced threats.

RESTRAINING FACTORS

"Absence Of Knowledgeable Cybersecurity Experts Impede Market Growth"

Lack of skilled cybersecurity specialists is one of the biggest obstacles facing the cyber range platform business. Despite of their expanding complexity, the cybersecurity networks and the increasing number of potential entry points for cyberattacks in contemporary virtual organizations, there is an increasingly urgent lack of these people. According to a recent ISC2 research, there is still a significant shortage of over 4 million cybersecurity professionals, even with a 10% increase in the workforce expected in 2022.  Scarcity is linked to things like changing cyberthreats, the introduction of AI, and economic uncertainty. The study also reveals that a deficiency of personnel in critical areas necessary for resolving and mitigating security risks is reported by two-thirds of cybersecurity professionals. Moreover, the lack of expertise in certain fields, such cloud computing security, AI/ML, and zero-trust implementation, is thought to be more harmful than the sheer volume of professionals. Thus, companies are more susceptible to sophisticated cyberattacks when there is a shortage of experienced workers.

CYBER RANGE PLATFORM MARKET REGIONAL INSIGHTS

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"North America Dominating the Market due to Presence of a Large Consumer Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

In terms of cyber range platform market share, North America leads the way. The region's witnessing expansion due to its sophisticated technological infrastructure, commitment to cybersecurity, and availability of top cybersecurity training providers. The necessity to close the skills gap in cybersecurity, safeguard vital infrastructure, and adhere to data protection laws drove the demand for cyber ranges in North America. Cybersecurity solutions have faced a significant upsurge in the BFSI industry in the North America. Because of growing digitization, government institutions are now more likely to adopt threat management systems to protect their digital assets and customer data. Sensitive consumer information includes things like credit or debit card numbers, bank account details, and payment information.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The cyber range platform market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Cyber​​bit (Israel)
• Field Effect Software Inc. (Canada)
• Accenture (Ireland)
• Cloud Range (U.S.)
• CYBER RANGES (U.S.)
• Guardtime (U.S.)
• IBM (U.S.)
• RangeForce(U.K.)
• Raytheon Technologies (U.S.)
• Simspace (U.S.)
• U.S. Cyber Range (U.S.)
• 360 Security Technology Inc. (China)
• CybExer Technologies (U.K.)

INDUSTRIAL DEVELOPMENT

July 2021: o Haste Fortinet, Inc.'s DevSecOps acquired application security pioneer Skenai. All main languages and frameworks are comprehensively tested for by Sken.ai, which also provides all forms of scans (SAST, DAST, SCA, Secrets, and more). Sken.ai uses machine learning (ML) to correlate and rate the security risk of every vulnerability found across various scan types and applications.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.