The insider risk management market revenue totaled USD 2,223.5 Million in 2022. The insider risk management market is expected to reach USD 7,241.9 Million by 2032, growing at a CAGR of 12.5% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Estimated year (2022) Market Value | USD 2,223.5 Million |
| Projected year (2032) Market Value | USD 7,241.9 Million |
| CAGR% (2022 to 2032) | 12.5% |
| Top 5 Vendor Market Share | Around 35% |
The insider risk management market currently represents nearly 18% market share in the overall risk management market. Insider threats and external cyberattacks are both serious issues. Organizations are nowadays financing more in technology, manpower, and training to combat these dangers. Thus insider risk management is certainly required for businesses to safeguard against conventional threats that come from outside the environment, such as ransomware and malware.
Software for managing insider risks helps firms prevent the theft of corporate information. Insider threat management and insider threat detection are other names for insider risk management. Data security platforms, a type of data security solution that tries to unify a collection of traditionally siloed security solutions, are being developed by a number of providers.
The majority of data security platforms will have tools for finding and preventing data on-site and in the cloud. Without setting up any insider risk plans or procedures, users using insider risk analytics can evaluate potential insider risks in different organizations. Thus, the market demand will be driven by the benefits provided by insider risk management software solutions.
Numerous manufacturers provide advanced insider risk management software. This software connects with several signals to detect insider risks comprising data leakage, IP theft, and security violations that may be intentional or unintentional.
Consumers can produce policies to manage security and compliance through insider risk management. Users are pseudonymized by default, and audit logs and role-based access controls are in place to ensure user-level privacy because the system was built with privacy in mind.
Insider risk management tools offer insider risk management workflow which permits users to detect, investigate, and take action to address internal threats in the organization. With focused policy templates, case management Software, and alert tools, users can utilize actionable insights to rapidly detect and act on risk behavior.
The insider risk management market demand is expected to increase at 12.5% CAGR between 2022 and 2032 in comparison with the 10.4% CAGR registered from 2017 to 2021. Greater and more access to manage, control, and exchange data across many platforms and services is given to employees.
In order to detect and mitigate overall business risks while still adhering to legal obligations and employee privacy standards, organizations frequently lack the tools and resources necessary. These risks could include harmful information leaks to the outside world and information theft by departing staff.
A program for preventing insider threats includes thorough reporting, monitoring, and scoring systems. This makes it easier for user security and forensic personnel to identify, monitor, and manage various insider threat types. Continuous risk grading is carried out by different suppliers based on recent and historical behavior.
Real-time risk-prioritized notifications for incident analysis may result from it. Additionally, these dynamic risk assessments can trigger an automatic risk response workflow. Therefore, the advantages offered by insider risk management are expected to drive the market demand.
Managing and lowering risk in organizations starts with understanding the kind of risks found in the modern workplace. Some risks are operated by external events and user activities that can be avoided and lowered.
Insider risk management policies are utilized in financial services which are built utilizing pre-defined policy standards that identify which triggering risk and events indicators in financial services are examined. These conditions comprise who is covered by the policy, how risk indicators are utilized for alerts, which services are prioritized, and the time span of the monitoring.
Insider risk management is utilized in the finance industry to protect financial institutions from leaks of important data and data spillage, intellectual property theft, fraud, regulatory compliance violations, confidentiality violations, insider trading, etc. Thus, the benefits offered by insider risk management in the finance industry are expected to drive market demand.
North America region is dominating the worldwide market with a share of around 32.9% in the year 2021. Moreover, South Asia and the Pacific region are expected to register strong growth in the market, exhibiting a CAGR of around 22.5% during the forecast period.
Moreover, Europe is estimated to be the second fastest-growing region in the insider risk management market. This region is predicted to grow with a market share of around 20.7% during the forecast period. In the Europe region hospitals, pharma, and biotech firm’s companies are entrusted to prevent sensitive details, comprising valuable proprietary research, personal patient data, etc., for protecting the data insider risk management software is required in the healthcare industry this factor is expected to drive the market demand.
Increasing usage of insider risk management solutions in the manufacturing sector is expected to drive market demand. The manufacturing industry reported the largest number of insider attacks among companies in the critical infrastructure sector.
Thus, the increasing insider attacks drive the insider risk management solution demand in India. Due to these factors, sales in India are predicted to increase at the CAGR of 24.1% during the predicted period 2022 to 32.
Insider risk management solution is highly used in Germany in the financial services, manufacturing, and healthcare sector industry to protect important data and lower internal risk by identifying, acting, and investigating malicious activities inside the organization. Thus, the benefits offered by
insider risk management are anticipated to drive the market demand. According to the analysis, the nation held close to 12.5% of the market share for the region of Europe in 2021.
In the market for insider risk management, the USA held a 23.4% share of the North American market in 2021. The presence of major vendors like Microsoft, Splunk Inc., Forcepoint, etc. is expected to drive the market demand.
The benefits offered by the insider risk management solution to monitor user activity in real-time, streamline audits and investigation, and protects the workforce is expected to drive the market demand. It is highly used in the financial services industry to protect the data this factor is contributing to the market growth.
Insider risk management software is installed on the on-premises of organizations to protect important data against malicious activities. Insider risk management helps organizations protect, identify, and contain risks.
Thus, the insider risk management solution is highly installed in the on-premises segment and is expected to drive the market demand. As a result, the on-premises accounted for 68.0% market share of the solution segment in 2021.
Large enterprises utilize insider risk management to protect important data from insider attacks and data breaches. Insider risk management policies are produced utilizing predefined policies and templates that define what activating events and risk indicators are inspected in large enterprises.
Thus, the growing usage of insider risk management in large enterprises is expected to drive market demand. The large enterprise segment held a 62.7% market share of the enterprise size segment in 2021.
The financial industry is the major target for hackers and ransomware attacks, the finance industry is therefore utilizing insider risk management solutions to prevent their critical data from inside attacks. Thus, the advantages offered by the insider risk management solution are expected to drive segment growth. As per the analysis, the finance segment is expected to grow at a CAGR of 17.3% during the forecast period from 2022 to 2032.
Insider risk management market major vendors are concentrating on strategic partnerships with other crucial players to develop technologically advanced insider risk management solutions for several applications to serve their consumers.
| Attribute | Details |
|---|---|
| Market value in 2022 | USD 2,223.5 Million |
| Market CAGR 2022 to 2032 | 12.5% |
| Share of top 5 players | Around 35% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa, and South Africa |
| Key Segments Covered | The solution, Enterprise Size, Industry, and Region |
| Key Companies Profiled | Darktrace; Microsoft; Splunk Inc.; Forcepoint; Varonis; Teramind Inc.; Exabeam; Proofpoint; Elevate Security; Cyberhaven; Ekran System; GURUCUL; Clearspeed; DTEX Systems Inc.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 02: Global Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 03 Global Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 04: Global Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 05: Global Market Value (US$ Million) Analysis (2017 to 2021) By Industry
Table 06: Global Market Value (US$ Million) Forecast (2022 to 2032) By Industry
Table 07: Global Market Value (US$ Million) Analysis (2017 to 2021) by Region
Table 08: Global Market Value (US$ Million) Forecast (2022 to 2032) by Region
Table 09: North America Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 10: North America Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 11: North America Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 12: North America Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 13: North America Market Value (US$ Million) Analysis (2017 to 2021) By Industry (1/2)
Table 14: North America Market Value (US$ Million) Forecast (2022 to 2032) By Industry (1/2)
Table 15: North America Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 16: North America Market Value (US$ Million) Forecast (2022 to 2032) by Country
Table 17: Latin America Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 18: Latin America Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 19: Latin America Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 20: Latin America Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 21: Latin America Market Value (US$ Million) Analysis (2017 to 2021) By Industry (1/2)
Table 22: Latin America Market Value (US$ Million) Forecast (2022 to 2032) By Industry (1/2)
Table 23: Latin America Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 24: Latin America Market Value (US$ Million) Forecast (2022 to 2032) by Country
Table 25: Europe Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 26: Europe Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 27: Europe Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 28: Europe Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 29: Europe Market Value (US$ Million) Analysis (2017 to 2021) By Industry
Table 30: Europe Market Value (US$ Million) Forecast (2022 to 2032) By Industry
Table 31: Europe Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 32: Europe Market Value (US$ Million) Forecast (2022 to 2032) by Country
Table 33: South Asia and Pacific Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 34: South Asia and Pacific Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 35: South Asia and Pacific Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 36: South Asia and Pacific Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 37: South Asia and Pacific Market Value (US$ Million) Analysis (2017 to 2021) By Industry
Table 38: South Asia and Pacific Market Value (US$ Million) Forecast (2022 to 2032) By Industry
Table 39: South Asia and Pacific Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 40: South Asia and Pacific Market Value (US$ Million) Forecast (2022 to 2032) by Country
Table 41: East Asia Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 42: East Asia Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 43: East Asia Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 44: East Asia Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 45: East Asia Market Value (US$ Million) Analysis (2017 to 2021) By Industry
Table 46: East Asia Market Value (US$ Million) Forecast (2022 to 2032) By Industry
Table 47: East Asia Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 48: East Asia Market Value (US$ Million) Forecast (2022 to 2032) by Country
Table 49: Middle East and Africa Market Value (US$ Million) Analysis (2017 to 2021) By Solution
Table 50: Middle East and Africa Market Value (US$ Million) Forecast (2022 to 2032) By Solution
Table 51: Middle East and Africa Market Value (US$ Million) Analysis (2017 to 2021) By Enterprise Size
Table 52: Middle East and Africa Market Value (US$ Million) Forecast (2022 to 2032) By Enterprise Size
Table 53: Middle East and Africa Market Value (US$ Million) Analysis (2017 to 2021) By Industry
Table 54: Middle East and Africa Market Value (US$ Million) Forecast (2022 to 2032) By Industry
Table 55: Middle East and Africa Market Value (US$ Million) Analysis (2017 to 2021) by Country
Table 56: Middle East and Africa Market Value (US$ Million) Forecast (2022 to 2032) by Country
Figure 01: Global Market Size (US$ Million) and Y-o-Y Growth Rate from 2022 to 2032
Figure 02: Global Market Size and Y-o-Y Growth Rate from 2022 to 2032
Figure 03: Global Market Value (US$ Million), 2017 to 2021
Figure 04: Global Market Value (US$ Million), 2022 to 2032
Figure 05: Global Market Value Share Analysis (2022 to 2032) By Solution
Figure 06: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 07: Global Market Attractiveness By Solution
Figure 08: Global Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 09: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 10: Global Market Attractiveness By Enterprise Size
Figure 11: Global Market Value Share Analysis (2022 to 2032) By Industry
Figure 12: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 13: Global Market Attractiveness By Industry
Figure 14: Global Market Value Share Analysis (2022 to 2032) by Region
Figure 15: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Region
Figure 16: Global Market Attractiveness by Region
Figure 17: North America Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 18: Latin America Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 19: Europe Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 20: East Asia Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 21: South Asia and Pacific Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 22: Middle East and Africa Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 23: North America Market Value (US$ Million), 2017 to 2021
Figure 24: North America Market Value (US$ Million), 2022 to 2032
Figure 25: North America Market Value Share Analysis (2022 to 2032) By Solution
Figure 26: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 27: North America Market Attractiveness By Solution
Figure 28: North America Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 29: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 30: North America Market Attractiveness By Enterprise Size
Figure 31: North America Market Value Share Analysis (2022 to 2032) By Industry
Figure 32: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 33: North America Market Attractiveness By Industry
Figure 34: North America Market Value Share Analysis (2022 to 2032) by Country
Figure 35: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 36: North America Market Attractiveness by Country
Figure 37: USA Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 38: Canada Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 39: Latin America Market Value (US$ Million), 2017 to 2021
Figure 40: Latin America Market Value (US$ Million), 2022 to 2032
Figure 41: Latin America Market Value Share Analysis (2022 to 2032) By Solution
Figure 42: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 43: Latin America Market Attractiveness By Solution
Figure 44: Latin America Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 45: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 46: Latin America Market Attractiveness By Enterprise Size
Figure 47: Latin America Market Value Share Analysis (2022 to 2032) By Industry
Figure 48: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 49: Latin America Market Attractiveness By Industry
Figure 50: Latin America Market Value Share Analysis (2022 to 2032) by Country
Figure 51: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 52: Latin America Market Attractiveness by Country
Figure 53: Brazil Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 54: Mexico Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 55: Rest of Latin America Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 56: Europe Market Value (US$ Million), 2017 to 2021
Figure 57: Europe Market Value (US$ Million), 2022 to 2032
Figure 58: Europe Market Value Share Analysis (2022 to 2032) By Solution
Figure 59: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 60: Europe Market Attractiveness By Solution
Figure 61: Europe Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 62: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 63: Europe Market Attractiveness By Enterprise Size
Figure 64: Europe Market Value Share Analysis (2022 to 2032) By Industry
Figure 65: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 66: Europe Market Attractiveness By Industry
Figure 67: Europe Market Value Share Analysis (2022 to 2032) by Country
Figure 68: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 69: Europe Market Attractiveness by Country
Figure 70: Germany Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 71: Italy Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 72: France Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 73: United Kingdom Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 74: Spain Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 75: BENELUX Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 76: Russia Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 77: Rest of Europe Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 78: South Asia and Pacific Market Value (US$ Million), 2017 to 2021
Figure 79: South Asia and Pacific Market Value (US$ Million), 2022 to 2032
Figure 80: South Asia and Pacific Market Value Share Analysis (2022 to 2032) By Solution
Figure 81: South Asia and Pacific Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 82: South Asia and Pacific Market Attractiveness By Solution
Figure 83: South Asia and Pacific Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 84: South Asia and Pacific Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 85: South Asia and Pacific Market Attractiveness By Enterprise Size
Figure 86: South Asia and Pacific Market Value Share Analysis (2022 to 2032) By Industry
Figure 87: South Asia and Pacific Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 88: South Asia and Pacific Market Attractiveness By Industry
Figure 89: South Asia and Pacific Market Value Share Analysis (2022 to 2032) by Country
Figure 90: South Asia and Pacific Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 91: South Asia and Pacific Market Attractiveness by Country
Figure 92: India Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 93: Indonesia Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 94: Malaysia Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 95: Singapore Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 96: Australia& New Zealand Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 97: Rest of South Asia and Pacific Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 98: East Asia Market Value (US$ Million), 2017 to 2021
Figure 99: East Asia Market Value (US$ Million), 2022 to 2032
Figure 100: East Asia Market Value Share Analysis (2022 to 2032) By Solution
Figure 101: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 102: East Asia Market Attractiveness By Solution
Figure 103: East Asia Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 104: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 105: East Asia Market Attractiveness By Enterprise Size
Figure 106: East Asia Market Value Share Analysis (2022 to 2032) By Industry
Figure 107: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 108: East Asia Market Attractiveness By Industry
Figure 109: East Asia Market Value Share Analysis (2022 to 2032) by Country
Figure 110: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 111: East Asia Market Attractiveness by Country
Figure 112: China Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 113: Japan Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 114: South Korea Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 115: Middle East and Africa Market Value (US$ Million), 2017 to 2021
Figure 116: Middle East and Africa Market Value (US$ Million), 2022 to 2032
Figure 117: Middle East and Africa Market Value Share Analysis (2022 to 2032) By Solution
Figure 118: Middle East and Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Solution
Figure 119: Middle East and Africa Market Attractiveness By Solution
Figure 120: Middle East and Africa Market Value Share Analysis (2022 to 2032) By Enterprise Size
Figure 121: Middle East and Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Enterprise Size
Figure 122: Middle East and Africa Market Attractiveness By Enterprise Size
Figure 123: Middle East and Africa Market Value Share Analysis (2022 to 2032) By Industry
Figure 124: Middle East and Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) By Industry
Figure 125: Middle East and Africa Market Attractiveness By Industry
Figure 126: Middle East and Africa Market Value Share Analysis (2022 to 2032) by Country
Figure 127: Middle East and Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2032) by Country
Figure 128: Middle East and Africa Market Attractiveness by Country
Figure 129: GCC Countries Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 130: Turkey Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 131: South Africa Market Absolute $ Opportunity (US$ Million), 2017 to 2032
Figure 132: Rest of Middle East and Africa Market Absolute $ Opportunity (US$ Million), 2017 to 2032
South Asia and the Pacific are projected to register strong growth in the market, exhibiting a CAGR of nearly 22.5% during the forecast period. However, North America was leading the global market with a share of around 32.9% in 2021.
Key trends in the market include: • Increased vendor integration and shift towards hybrid or remote workforce to ensure secure work practices and data protection. • Ability to detect threats like (IP theft, data leakage, and security violations) such a feature is expected to drive the market demand
On-premises insider risk management software segment is expected to dominate the market over the forecast period, generating maximum revenue, among all solution segments, in the year 2022.
The insider risk management market was valued at USD 2,005.0 Million in 2021 and is estimated to grow at a substantial pace with a CAGR of 12.5% to reach USD 7,241.9 Million in 2032.
The large enterprise segment is expected to dominate the market over the forecast period, generating maximum revenue, among all enterprise sizes, in the year 2022.
The market in the last 5 years (2017 to 2021) grew by a CAGR of 10.4%.
Increasing demand for insider risk management software in the finance industry is expected to drive the growth of the market
East Asia is predicted to remain one of the most attractive markets during the forecast period 2022 to 2032. According to Future Market Insights, China accounted for nearly 7.5% market share of East Asia in 2021.
The global market growth between 2021 and 2022 is around 10.9%.
The top 5 countries driving demand for insider risk management include the USA, Germany, the United Kingdom, India, and Japan.
Europe is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, Germany is expected to account for 12.5% of the Europe market in 2021.
The insider risk management demand in China and Japan is projected to register CAGR of around 19.2% and 21.9% respectively between 2022 and 2032.
Some of the leading companies in this landscape are Darktrace, Microsoft, Splunk Inc., Forcepoint, Varonis, and GURUCUL, among others. As per Future Market Insights, nearly 35% of the market share is currently covered by the top players.
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