Threat Hunting Market Poised for Robust Growth, Valued at US$ 13,224.2 Million by 2033

Threat Hunting Market

It is anticipated that the Threat Hunting Market would grow at a remarkable 18.6% CAGR from 2023 to 2033, outpacing the lower 16.5% CAGR observed between 2018 and 2022. With the market value rising from US$ 2,395 million in 2023 to US$ 13,224.2 million by 2033, this notable increase illustrates the growth in demand for the lipase product.

About 15% of the global threat intelligence market is made up of threat-hunting, a growing segment driven by the emphasis on safety in industries such as manufacturing, telecom & IT, BFSI, and healthcare.

Unlike traditional threat management techniques, threat hunting involves actively searching networks for complex attacks using technologies like EDR and network threat analytics.As a result of their business model, managed service providers (MSPs) are uniquely positioned to efficiently provide advanced security services and satisfy the rising demands of security-conscious clients.

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Organizations are now more susceptible to cyberattacks as a result of the transition to remote and hybrid working, which has increased the demand for threat-hunting solutions. The Verizon Mobile Security Index 2023 found that 79% of businesses felt that remote work hurt their cybersecurity, placing a heavy strain on security staff.

Key Takeaways  

  • The Threat Hunting Market in India is anticipated to expand significantly by 2033, with a stunning CAGR of 23.2%, as more businesses invest in proactive cybersecurity measures to identify and counter emerging threats.
  • The increased demand for advanced threat detection and response capabilities to protect crucial digital assets is expected to drive the growth of the threat-hunting market in the United Kingdom, which is anticipated to increase at a CAGR of 18.2% by 2033.
  • China’s Threat Hunting Market is anticipated to experience significant growth, with a CAGR of 20.3% by 2033, thanks to the nation’s swift digital transformation and rising adoption of cybersecurity solutions.
  • The threat-hunting market in Australia is anticipated to grow steadily as organizations concentrate on strengthening their cybersecurity posture against new threats despite a relatively lower CAGR of 3.2% by 2033.
  • The market for proactive threat detection and response tools is expected to grow slowly in Japan, with a projected CAGR of 5.1% by 2033, driven by increasing awareness of cybersecurity dangers.

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Competitive landscape 

The market is dominated by well-known cybersecurity companies like CrowdStrike, FireEye, and Palo Alto Networks, which provide sophisticated threat-hunting platforms with threat intelligence, behavior analytics, and machine learning capabilities to protect businesses completely.

Utilizing their sizable client bases and well-known brands, established cybersecurity businesses like Symantec (now a part of Broadcom), McAfee, and Trend Micro have also expanded their product lines to include threat-hunting services.

The competitive landscape includes startup companies and specialized threat-hunting businesses. These businesses frequently concentrate on original threat detection and response strategies, serving particular markets, or tackling specialized cybersecurity problems.

Recent Developments

  • CrowdStrike is a well-known supplier of cloud-based endpoint security products. The business just launched its Falcon X Advanced Threat Hunting service, which offers businesses a complete method of identifying and countering sophisticated attacks.
  • IBM gave the Open Cybersecurity Alliance a threat-hunting tool (Kestrel) in July 2022. Kestrel, developed collaboratively by IBM Security and IBM Research, enables threat actors to communicate their hunts in an accessible, extensible threat-hunting language.

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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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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