Advanced Persistent Threat Protection Market Outlook
The advanced persistent threat protection market revenue in 2022 was US$ 7.3 Billion. The market is expected to reach US$ 74.3 Billion by 2033, as it is estimated to grow at a CAGR of 23.6% for 2023 to 2033.
Attributes
Details
Estimated Year (2023) Market Value
US$ 8.9 Billion
Projected Year (2033) Market Value
US$ 74.3 Billion
CAGR% (2023 to 2033)
23.6%
Top 5 Vendor Market Share
Around 28%
Advanced persistent threat protection solutions are application that safeguards against APT (APT). This APT is a form of cyberattack in which a cybercriminal gains access to a corporate server by remaining unidentified for a longer amount of time.
The primary goal of any APT is to monitor a company's network connections and steal sensitive data in order to cause the company harm. Phishing & social engineering, advanced malware, compromised devices, application-level attacks, and other methods are used by these APTs.
Advanced persistent threat protection market consists 39.6% of the global threat protection market.
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2018 to 2022 Advanced Persistent Threat Protection Market Demand Outlook Compared to 2023 to 2033 Forecast
Advanced persistent threat protection market is estimated to grow at a CAGR of 23.6% for the forecast period compared to the historic CAGR for the period 2018 to 2022 of 21.5%.
Rapid confidential data generation, as well as the growing use of cloud services for data storage are the key factors analyzed to accelerate the growth of advanced persistent threat protection market during the forecast period of 2023 to 2033.
Furthermore, rising data security concerns, increasing incidences of data theft & phishing are posingthreat to businesses, arousing the need for acontinuous process for assessing uncertainties &risks in real time providing a lucrative environment for expanding the demand foradvanced persistent threat protection technology in the coming future.
Rapidly Increasing Cyber-Attacks Like Ransomware Attacks and Advanced Persistent Threat Are Accelerating the Demands for Advanced Persistent Threat Protection Tools
Cybersecurity threats not only impede productivity levels, but also endanger critical IT infrastructure & sensitive documents of organizations. The frequency of cyberattacks is increasing owing to the rapid increase in digital transactions across varied industry verticals. The growing number of enterprise security breaches or data leaks is driving the demand for cybersecurity products and services.
The increased vulnerability to cyber-attacks & data theft owing to the technological advancements, rising adoption of cloud technologies, use of IoT and so on, are key factors driving the accelerated growth of advanced persistent threat protection systems.
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Regional Analysis
North American region is analyzed to dominate the global advanced persistent threat protection market with the share of 27.4% in 2022 and South Asia Pacific region is growing at the fastest rate in the global advanced persistent threat protection market with the CAGR of 25.5% during the forecast period of 2023 to 2033.
Increased investment in R&D activities, resulting in the introduction of new technologies in the APT protection market, as well as the presence of the majority market players, namely IBM Corporation and McAfee LLC in the North American region are the key factors behind the market growth of advanced persistent threat protection market in the North American region.
Rising governmental regulations and technological advancements, as well as growing adoption of machine learning (ML), Internet of Things (IoT), big data analytics, and artificial intelligence (AI) approaches in the South Asia Pacific region, are influencing this trend.
Furthermore, this region is home to a significant number of established small & medium-sized Enterprises (SMEs) that are expanding at a commendable rate to serve their large customer base. To manage their enterprise data, SMEs are focusing on implementing APT protection solutions, are factors influencing market growth in South Asia Pacific region.
Country wise insights
Rising Adoption of Advanced Persistent Threat Protection Systems in BFSI & Government sectors in USA Market
USA region is analyzed to dominate the global advanced persistent threat protection market with the share of 17.2% in 2022.
This market growth can be attributed to the various factors such as increasing adoption of APT protection solutions & services in BFSI & government sectors. Additionally, the continuous rise in the number of cyberattacks aimed at stealing public data held in government websites are providing lucrative environment for the adoption of advanced persistent threat protection systems.
Increasing Utilization of APT Solution in The Healthcare & Banking Sector Is Providing Lucrative Environment for The Growth of Advanced Persistent Threat Protection Market in India
India is growing at the fastest rate with the CAGR of 26.5% in the global advanced persistent thxreat protection market, owing to the growing demand for APT solutions by the healthcare & banking verticals in the region along with the rising awareness about data protection and malware attacks, provide lucrative opportunities for APT protection providers in the region.
Technological Advancements in Past Coupled with the Favourable Digital Infrastructure is Driving the Growth of Advanced Persistent Threat Protection Market in China
China holds the second largest share of 14.3% in the global advanced persistent threat protection market due to the increasing dependability and ease of access to data are increasing the adoption of these services in various enterprisers.
Furthermore, the market for advanced persistent threat protection has evolved from traditional unsophisticated malware attacks to advanced and zero day attacks, providing lucrative environment for the adoption & development of advanced persistent threat protection technology in the region.
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Category wise Insights
Why Intrusion Detection System/Intrusion Prevention System (IDS/IPS) segment in Advanced Persistent Threat ProtectionMarket holds the largest share?
Intrusion detection system/intrusion prevention system (IDS/IPS) segment in advanced persistent threat protectionmarketcan be attributed to the various factors such as rising security threats, data breach fears & constantly changing regulatory landscape have resulted in the rapid development of IDS / IPS and so on. The increasing number of cyberattacks in enterprises, such as malware, ransomware, and denial of service (DoS), have the potential to compromise an enterprise's existing security systems.
These security breaches have long-term and negative consequences for businesses in terms of regaining customer trust and rebuilding relationships. As a result, organizations around the world have implemented improved security systems, fueling demand for the intrusion detection system / intrusion prevention system market.
For these reasons, intrusion detection system/intrusion prevention system (IDS/IPS) segment in advanced persistent threat protection market held the largest share of 23.5% for 2022 by component.
Why Finance Segment Has the Larger Market Share in the Advanced Persistent Threat Protection Market?
Finance segment is analyzed to dominate the advanced persistent threat protection market with the share of 25.6% in the advanced persistent threat protection market owing to the factors such as increasing adoption of online payment systems along with the increasing technological advancement in fin-tech companies to ensure consumer data protection and so on.
Competitive Landscape
A data protection threats are arousing the demands for advanced persistent threat protection.
In December 2020, Fortinet had collaborated with Amazon Web Services (AWS) with the aim to offer customers advanced security across their cloud platforms, applications and network.
In November 2020, Trend Micro in collaboration with Amazon launched AWS Network Firewall with the aims to make it easier to install required network security for Amazon Virtual Private Clouds (Amazon VPCs) on Amazon Web Services (AWS).
Scope of report
Attribute
Details
Market value in 2022
US$ 7.3 Billion
Market CAGR 2023 to 2033
23.6%
Share of top 5 players
Around 28%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Billion for Value
Key Regions Covered
North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa
Key Countries Covered
USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa
