CHICAGO, July 16, 2024 /PRNewswire/ -- The Threat
Hunting Market is set to grow significantly. It's expected
to be worth around USD 3.4 billion in
2024 and increase to about USD 6.9
billion by 2029 at a CAGR of 14.9% during the forecast
period, according to a new report by MarketsandMarkets™. The
threat-hunting market is experiencing explosive growth as
organizations struggle to combat a relentless wave of cyberattacks.
Unlike traditional security measures that passively wait for
threats to appear, threat hunting takes a proactive stance,
actively searching for hidden threats lurking within networks.
Several factors fuel this proactive approach. The increasing need
to protect sensitive data, from financial records to intellectual
property, compels organizations to adopt more robust security
solutions. Also, the growing awareness of cyber risks across
industries drives demand for proactive security solutions. By
actively hunting for threats, organizations gain a critical
advantage: identifying and neutralizing threats before they can
wreak havoc, potentially saving millions of dollars, and
safeguarding sensitive data.
Browse in-depth TOC on "Threat Hunting Market"
270 – Tables
50 - Figures
350 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2018–2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD
Billion)
|
Segments
Covered
|
By Offering, By Threat
Type, By Organization Size, By Deployment mode, By Vertical, and By
Region
|
Geographies
covered
|
North America, Europe,
Asia Pacific, Middle East Africa, and Latin America
|
Major companies
covered
|
Major vendors in the
global Threat Hunting Market include IBM (US), Kaspersky (Russia),
Capgemini (France), CrowdStrike (US), Trustwave (US), Verizon (US),
SecureWorks (US), Sangfor (China), Eviden (France), Rapid 7(US),
VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo
Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US),
RSI Security (US), Protected Harbour (US), Mindpoint Group (US),
Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US),
LiveAction (US).
|
By Offering, the services segment will grow at the highest
CAGR during the forecast period.
The global shortage of cybersecurity professionals is a
significant challenge for organizations looking to build robust
security postures. This shortage is particularly acute in threat
hunting, which requires highly skilled individuals with a deep
understanding of cyber threats, investigative techniques, and
security tools. Threat-hunting services offer a compelling solution
by providing access to experienced professionals, reducing internal
workload, and offering a faster path to improved threat detection
and response capabilities.
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By organization size, the large enterprise segment to hold a
significant market share during the forecast period.
Large enterprises often deal with sensitive data (financial
records, intellectual property, customer information) and critical
infrastructure. A successful cyberattack can have devastating
economic and reputational consequences, making proactive threat
detection a top priority. Also, Large enterprises typically have
sprawling IT environments encompassing on-premise infrastructure,
cloud deployments, and a vast network of devices. This complexity
creates numerous potential entry points for attackers,
necessitating a proactive approach to uncover hidden threats. The
high stakes, complex environments, compliance pressures, and
advanced threats large enterprises face will drive the segment.
By region, Asia Pacific will
grow at the highest CAGR during the forecast period.
The Asia Pacific region is
undergoing significant growth in its threat-hunting market, driven
by several key factors. The region faces a rising tide of
cyberattacks, including malware, ransomware phishing attempts, data
breaches, and advanced persistent threats (APTs). These attacks
target businesses, governments, critical infrastructure, and
individuals, forcing them to invest in proactive defense measures
like threat hunting. The Asia
Pacific region is undergoing a rapid digital transformation.
This increased reliance on technology creates a larger attack
surface for cybercriminals. As per the Fortinet Survey on the State
of Security Operations in Asia-Pacific, Phishing and Insider threats are
India's most predominant cyber
threats, with Approximately 50% of organizations ranking them as
their top concerns. Also, only 44% of businesses have dedicated IT
resources for security teams.
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Top Key Companies in Threat Hunting
Market:
Major vendors in the global Threat Hunting Market include
IBM(US), Kaspersky (Russia),
Capgemini (France),
CrowdStrike(US), Trustwave(US), Verizon (US), SecureWorks(US),
Sangfor (China), Eviden
(France), Rapid 7(US), VMware
(US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US)
Cipher (India), Talatek (US), SOC
Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint
Group (US), Exponential- E (UK), Redscan (UK), Iron Net
Cybersecurity (US), LiveAction (US).
Browse Adjacent Market: Information Security Market
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2028
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to 2028
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