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Advanced Persistent Threats Market Size
Advanced Persistent Threats Market size is projected to expand at substantial pace from 2024 to 2032, owing to the increasing security breaches and cyberattacks in recent years. With enterprises and businesses rapidly switching to remote operations, criminals are exploiting increased security vulnerabilities. The International Criminal Police Organization (Interpol) reports that cybercriminals have shifted their target from individuals and small businesses to major corporations and government organizations. In response to the rising ransomware threat, the U.K. Government has allocated £2.6 billion in its Cyber Security Strategy to enhance the country's resilience.
Increasing digitalization, cloud migration, and the subsequent rise in data generated would potentially create a lucrative outlook for the industry development. The surge in digital transactions across industries is also increasing the frequency of cybercrimes. Strict government measures to boost cybersecurity and data protection will also augment advanced persistent threat (APT) adoption. According to Forbes report, the cost of cyber-attacks on the global economy is estimated to top US$10.5 trillion by the end of 2024. This rising cost of damages caused by these attacks will fuel the industry growth in the coming years.
Advanced Persistent Threats Market Trends
The increasing use of AI and machine learning algorithms for threat detection and response is enabling organizations to identify and mitigate APTs more effectively. The rise of targeted ransomware attacks and supply chain compromises is emphasizing the need for continuous monitoring and proactive threat hunting. The higher integration of threat intelligence feeds and security orchestration platforms is enhancing incident response capabilities. Moreover, the growing adoption of zero trust architecture and micro segmentation strategies is bolstering defenses against APTs by limiting lateral movement and unauthorized access within networks.
Advanced Persistent Threats Market Analysis
In terms of software, the market value from the sandboxing segment is estimated to rise at significant CAGR up to 2032. This can be attributed to the increasing sophistication of cyberattacks and the rising need for proactive threat detection. Sandboxing solutions provide a controlled environment to analyze suspicious files and behavior, enabling organizations to identify and mitigate emerging threats more effectively. The integration of sandboxing technology with other security layers further enhances the overall threat prevention and response capabilities.
Advanced persistent threats industry share from the professional services segment is projected to witness rapid growth through 2032, due to the growing complexity of cyber threats and the shortage of skilled cybersecurity professionals. Organizations are increasingly turning to professional services providers for expertise in threat detection, incident response, and security posture assessment. The need for tailored security solutions and proactive security measures is also favoring the demand for specialized consulting and advisory services.
Europe advanced persistent threats market is slated to exhibit substantial CAGR till 2032, owing to the increasing frequency and sophistication of cyberattacks targeting organizations across various industries. Stringent data protection regulations, such as GDPR are prompting organizations to invest in advanced threat detection and response solutions to safeguard sensitive data and maintain regulatory compliance. The growing adoption of cloud services is expanding the attack surface, further driving the demand for APT protection across the region.
Advanced Persistent Threats Market Share
Leading companies operating in the advanced persistent threat industry are adopting business expansion strategies like partnerships, collaboration and launching innovative products in the market to gain a higher ground.
Some of the major advanced persistent threats companies are:
- Cisco
- Forcepoint (Francisco Partners)
- Symantec
- Intel Security (McAfee)
- BAE Systems Applied Intelligence
- Fire Eye
- Fortinet
- Kaspersky Lab
- Webroot, Inc.
- Barracuda Networks
- Sophos
- Trend Micro
- Palo Alto Networks
Advanced Persistent Threats Industry News:
- In May 2022, Cisco announced the launch of Cisco Cloud Controls Framework (CCF) V1.0, making it available for public use.