Advanced Persistent Threat Protection Market
Market Insights on Advanced Persistent Threat Protection covering sales outlook, demand forecast & up-to-date key trends
Advanced Persistent Threat Protection Market: Global Industry Analysis 2015 - 2019 and Opportunity Assessment 2020 - 2030
Advanced Persistent Threat Protection Market: - An Overview
An advanced persistent threat is an attack in which an unauthorized user gains access to a system or network and remains there for an extended period of time without being detected. Advanced persistent threats are particularly dangerous for enterprises, as hackers have ongoing access to sensitive company data.
Furthermore, as a solution for the detection, prevention and possible remediation of zero-day threats and persistent malicious attacks, APT solutions may include but are not limited to- sandboxing, threat intelligence management and reporting, forensic analysis and others.
Impact of COVID-19 Pandemic Outbreak on Advanced Persistent Threat Protection Market
The global economies are currently facing a critical crisis situation due to the COVID-19 pandemic outbreak. Several cybercriminal and state-sponsored advanced persistent threat (APT) groups have been using coronavirus-based phishing as their infection vector to gain a foothold on victim machines and launch malware attacks.
Historically, the market for advanced persistent threat protection has grown by almost 15% globally in the past 2-3 years. Due to the COVID-19 outbreak, adoption of cyber security solutions is projected to incline by nearly 10%-12% in Q1-Q2 2020.
For Instance, in March 2020, Kimsuky- a North Korean-based threat group began using spear phishing emails with COVID-19 in the subject line as its initial infection vector. The emails contain malicious documents and vulnerability that allowed remote code execution by exploiting a flaw in the Microsoft Office OLE interface to deliver malware.
Advanced Persistent Threat Protection Market: - Market Dynamics
Emerging Awareness Regarding Security Threats
Previously, companies only adopted security strategies and approaches to safeguard and maintain critical information integrity. However, due to a sudden rise in cybercrimes and data theft activities, businesses have begun to concentrate on detecting better security approaches for secure information deployed on the cloud as well as on-site and improving the internal security framework.
The companies have experienced cyber-attacks such as phishing, DDoS attacks, and social engineering attacks. Moreover, large organizations worldwide are taking initiatives to implement cybersecurity solutions for their business applications deployed on the cloud as well as on-premises, and facilitating their staff to understand the usage of cybersecurity capabilities and Internet security threats.
Increasing Adoption of Cloud-Based Security Solution
Increasing the use of cloud-based services for multiple workloads, such as data backups, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), email services, and collaboration services, is anticipated to drive the market growth. Cloud-based service costs are comparatively cheaper because they do not need the IT infrastructure to be set up.
Moreover, cloud computing raises technology vulnerabilities and makes it easy for unauthorized users to access the centralized databases. As a result, several companies are moving towards cloud-based cybersecurity strategies to protect their cloud workloads.
High Risk of AI-enabled Data Security Breaches are hindering the Growth of Advanced Persistent Threat Protection Market
Companies would need a considerable amount of resources, including memory, data, and computing power to build and maintain an AI system. Furthermore, because Artificial Intelligence systems are trained by studying data sets, cybersecurity companies need to get a lot of different non-malicious codes, malware codes, and data sets of anomalies.
It can take a long time and resources to procure all of these accurate data sets that some organizations cannot afford. Other than this, a hacker can also use AI itself to test and enhance their malware to become Artificial Intelligence-proof. In reality, an Artificial Intelligence-proof malware can be highly destructive as it can learn from existing Artificial Intelligence tools and create more sophisticated attacks to take advantage of conventional cybersecurity programs or even Artificial Intelligence -enhanced systems.
Advanced Persistent Threat Protection Market: - Key Players
Key players in the advanced persistent threat protection market are focusing on business expansions and mergers & acquisitions of the technology vendors to collaborate for offering advanced and emerging managed security services for sustained business growth. The major players offering advanced persistent threat protection solutions include
- IBM Corporation
- Trend Micro, Inc.,
- FireEye, Inc.
- Fortinet, Inc.
- McAfee LLC
- Palo Alto Networks
- Webroot, Inc.
- Websense, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global advanced persistent threat protection market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with advanced persistent threat protection market attractiveness as per segments.
The report on advanced persistent threat protection market also maps the qualitative impact of various factors on advanced persistent threat protection market segments and geographies.
Advanced Persistent Threat Protection Market: - Segmentation
By Solution, Advanced Persistent Threat Protection Market is segmented into-
- Security Information and Event Management (SIEM)
- Endpoint Protection Suite
- Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
- Threat Intelligence Platform
By Vertical, Advanced Persistent Threat Protection Market is segmented into-
- IT and Telecom
- Energy and Utilities