The threat-hunting market, which generated a substantial revenue of US$ 2,395.0 million in 2023, is projected to experience an astonishing compound annual growth rate (CAGR) of 18.6% between 2023 and 2033. This meteoric rise is attributed to the escalating adoption of advanced cyber-security software and services across diverse industries, propelling the market towards a valuation of approximately US$ 13,224.2 million by 2033.
In a fast-evolving digital era, safeguarding sensitive data has become paramount, leading to an escalating demand for robust cybersecurity solutions. The global threat-hunting market has emerged as a formidable contender in the realm of cybersecurity, poised to redefine the landscape with its remarkable growth trajectory.
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Key Figures and Trends
At present, the threat-hunting market accounts for 15.0% of the global threat intelligence market share. A surge in emphasis on enhancing safety measures within sectors such as BFSI, telecom & IT, healthcare, and manufacturing is a pivotal driver fueling the demand for cutting-edge threat-hunting solutions.
Unlike conventional threat management methods like intrusion detection systems (IDS), firewalls, security information and event management (SIEM) systems, and malware sandboxing, cyber threat hunting entails a proactive approach. It involves thorough assessment of evidence-based data following a potential threat alert, offering organizations a potent strategy to stay ahead of adversaries.
Competition Analysis – Regional Trends, Region-wise Insights, and Category-wise Insights
The competitive landscape of the threat-hunting market is evolving dynamically, driven by technological innovations and escalating security concerns. As industries digitize at an unprecedented pace, the demand for sophisticated threat-hunting solutions is expected to surge across regions.
In-depth analysis reveals that North America currently dominates the threat-hunting market, owing to its tech-savvy population and robust cybersecurity infrastructure. However, other regions are swiftly catching up, with Asia-Pacific and Europe exhibiting significant growth potential. This trend is indicative of the global recognition of threat-hunting’s pivotal role in fortifying digital landscapes.
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Category-wise insights highlight the diverse sectors benefiting from threat-hunting solutions. From financial institutions fortifying sensitive transactions to healthcare institutions safeguarding patient data, the reach of threat-hunting spans across multifarious domains, underlining its universal applicability.
As the threat-hunting market matures, a promising future beckons. The journey ahead promises innovative advancements, groundbreaking strategies, and a collaborative approach towards securing the digital realm.
Threat Hunting Outlook by Category
By Solution:
- Software
- Endpoint Detection & Response (EDR)
- Security Information and Event Management (SIEM)
- Network Threat Analytics
- Others
- Services
- Threat Hunting Services
- Security Consulting
- Integration & Implementation
- Support Services
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- BFSI
- Telecom & IT
- Healthcare
- Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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