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Industry Landscape
The cybersecurity industry is experiencing rapid growth driven by digital transformation, increasing cyber threats, and regulatory pressures. Identity and Access Management (IAM), especially advanced authorization and AI security, are critical areas of focus. Companies are seeking real-time, context-aware solutions to protect complex cloud and AI environments.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~96.4 billion USD (2024)
(13.6% CAGR)
- Driven by increasing cyberattacks.
- Boosted by cloud adoption and digital transformation.
- Fueled by regulatory compliance needs.
Total Addressable Market
96.4 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Threat Detection & Response
AI and machine learning are increasingly used to detect complex cyber threats, automate incident response, and identify anomalies in real-time, significantly enhancing cybersecurity postures.
Zero Trust Architecture (ZTA)
ZTA shifts from perimeter-based security to a 'never trust, always verify' model, requiring strict identity verification for every user and device, regardless of their location, and enabling granular access control.
Decentralized Identity & Web3 Security
Blockchain-based decentralized identity solutions offer enhanced privacy and control over personal data, while Web3 security addresses unique vulnerabilities arising from distributed ledger technologies and smart contracts.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF) 1.0 (2023)
The National Institute of Standards and Technology (NIST) published its AI RMF to help organizations manage risks associated with artificial intelligence, providing a flexible framework for designing, developing, deploying, and using AI responsibly.
This framework directly impacts SGNL by increasing enterprise demand for robust AI security and authorization solutions that can demonstrate governance, accountability, and secure access for AI agents, aligning with SGNL's 'control plane for AI' positioning.
SEC Cybersecurity Disclosure Rules (2023)
The U.S. Securities and Exchange Commission (SEC) adopted new rules requiring public companies to disclose material cybersecurity incidents within four business days and to periodically disclose their cybersecurity risk management, strategy, and governance.
These rules significantly impact SGNL's enterprise customers by increasing the need for comprehensive identity and access management controls, real-time visibility, and auditable authorization processes to meet stringent disclosure requirements and prevent material cybersecurity incidents.
California Privacy Rights Act (CPRA) (2023)
The CPRA, effective January 1, 2023, amended and expanded the California Consumer Privacy Act (CCPA), granting consumers more control over their personal information and establishing the California Privacy Protection Agency (CPPA) to enforce privacy laws.
CPRA impacts SGNL's customers by intensifying the need for robust data access controls, granular authorization, and identity governance to ensure compliance with consumer data rights, including the right to correct and limit the use of sensitive personal information.
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