In 2021, the revenue from the global threat hunting market was $1,740.0 Million USD. However, the market as a whole is anticipated to develop at an astounding CAGR of 18.4% between 2022 and 2032, reaching a valuation of about US$ 11,125.3 Million by 2032 due to the increased usage of advanced cyber-security software and services across numerous industries.
A significant aspect driving demand for threat hunting solutions in the market is the growing emphasis on enhancing safety across industries like BFSI, telecom & IT, healthcare, and manufacturing.
According to Future Market Insights (FMI), the global threat hunting market is likely to touch a valuation of US$ 2,047.0 Mn in 2022 and is further expected to grow at a CAGR of 18.4% between 2022 and 2032, totaling around US$ 11,125.3 Mn by the end of 2032.
Rising incidence of cyber-attacks, expansion of end-use industries and growing popularity of advanced cyber security solutions like threat hunting due to their higher effectiveness are some of the key factors driving the global threat hunting market.
Over the years, rising need for improving cyber security has prompted organizations to use advanced security solutions like threat hunting and the trend is likely to continue during the forecast period.
Threat hunting is a proactive approach to identifying previously unknown, or ongoing non-remediated threats within an organization’s network. Threat hunting solutions provide advantages to organizations such as shortening investigation time, improving response speed, more profound understanding of the organization, improving the quality of the cybersecurity team, mitigating overall risk to the organization, and many more.
Thus, advantages provided by threat hunting solutions for many organizations are anticipated to drive the demand for the threat hunting during the forecast period.
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Similarly, rapid expansion of industries such as BFSI, Telecom & IT, healthcare, and manufacturing across emerging economies is expected to boost the growth of threat hunting market over the next ten years.
Key Takeaways: Threat hunting Market
- By solution, the services segment is set to grow at 19.8% CAGR during the forecast period.
- Among the enterprise size, SMEs segment is estimated to grow at a higher CAGR of 20.7% during the forecast period.
- By industry, the healthcare segment is anticipated to grow at a leading CAGR of 22.7% between 2022 & 2032.
- The U.S. threat hunting market is expected to progress at a CAGR of around 15.2% through 2032.
- The threat hunting market in China is anticipated to grow by 6.1X during the forecast period.
- With rising demand for advanced cyber security solutions, the threat hunting market in Japan is expected to grow at the highest CAGR of 22.0% during forecasted period.
“Increasing number of cyber-threats in various industries including IT, healthcare, and BFSI industries are expected to drive the demand for threat hunting solutions.” says FMI analyst.
Threat Hunting Solutions Mitigates Overall Risk to the Organization and Improves the Quality of Cybersecurity Team
As per IBM report, the average cost of a data breach in 2021 was US $ 4.24 Mn. In order to prevent these data breaches, businesses employ threat hunting.
Threat hunting provides organizations an advantage in the battle against operational disruptions such as fraud risk, expensive repairs, diminished competitiveness, tarnished reputation, costly settlements, and regulatory censure. It ultimately improves the quality of cybersecurity team of organizations.
Thus, rapid surge in cyber-attacks worldwide and growing awareness about the higher effectiveness of threat hunting solutions will continue to boost market growth during the forecast period.
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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)
More Valuable Insights on Threat Hunting Market
Future Market Insight’s report on the threat hunting market research is segmented into four major sections – solution ((software (Endpoint Detection & Response (EDR), Security Information and Event Management (SIEM), network threat analytics, and others)), enterprise size (Small And Mid-Sized Enterprises (SMEs) and large enterprises)), industry (BFSI, telecom & IT, healthcare, manufacturing, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the threat hunting demand outlook.
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About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
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