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Industry Landscape
The cybersecurity industry is experiencing rapid growth, driven by increasing digital transformation, sophisticated cyber threats, and stringent regulatory compliance requirements. Zero Trust architecture is gaining prominence as organizations seek more robust protection. The market is highly competitive, with continuous innovation in AI/ML-driven security solutions and integrated platforms.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~Approximately 70.3 billion USD (2024, US only)
(13.8% CAGR)
- Cloud security is a major driver.
- AI/ML integration is boosting growth.
- Data privacy regulations are increasing demand.
Total Addressable Market
Approximately 200 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Cybersecurity
Generative AI is revolutionizing cybersecurity by enabling advanced threat detection, automated incident response, and sophisticated vulnerability analysis.
Post-Quantum Cryptography (PQC)
PQC is developing cryptographic algorithms resilient to attacks by future quantum computers, critical for long-term data security and privacy.
Identity Fabric / Decentralized Identity
An Identity Fabric integrates diverse identity management systems, while decentralized identity empowers users with self-sovereign control over their digital identities, enhancing security and privacy.
Impactful Policy Frameworks
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0 updates the widely adopted cybersecurity framework to be more accessible and applicable across all sectors, including a new 'Govern' function.
It will push organizations towards more comprehensive and integrated cybersecurity governance, directly influencing demand for StrongDM's audit and compliance features.
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)
CIRCIA mandates covered critical infrastructure entities to report significant cyber incidents and ransomware payments to CISA within specific timeframes.
This policy increases the need for robust logging, monitoring, and incident response capabilities, bolstering the value proposition of StrongDM's session and activity control features.
SEC Cybersecurity Rule for Public Companies (2023)
The SEC's new rule requires public companies to disclose material cybersecurity incidents within four business days and to periodically disclose information about their cybersecurity risk management, strategy, and governance.
It elevates cybersecurity to a board-level concern, increasing the urgency for public companies to adopt advanced solutions like StrongDM to manage risks and meet stringent disclosure requirements.
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