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Advanced Persistent Threat Protection Market Size, Share & Growth Forecast 2024-2033 | Key Players & Outlook
Advanced Persistent Threat Protection Market Size
According to The Business Research Company's, The advanced persistent threat protection market size has grown exponentially in recent years. It will grow from $7.53 billion in 2023 to $9.21 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The growth in the historic period can be attributed to high-profile cyberattacks, increased connectivity and digitalization, and growing interconnectivity of global networks.
The advanced persistent threat protection market size is expected to see exponential growth in the next few years. It will grow to $20.90 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to increased hybrid work environments, rise of ransomware and extortion attacks, and increased collaboration and threat sharing. Major trends in the forecast period include AI and machine learning integration, zero trust architecture, threat intelligence sharing, cloud-native apt protection and devsecops integration.
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Market Drivers and Trends:
The increasing sophistication of cyber threats is expected to propel the growth of the advanced persistent threat protection market going forward. Cyber threats refer to potential dangers or malicious activities that exploit computer systems, networks, software, or data vulnerabilities. The increase in cyber threats is due to technological advancements, excellent connectivity, the professionalization of cybercrime, and a lack of awareness. Advanced persistent threat (APT) protection is a comprehensive approach used to defend against sophisticated and prolonged cyber-attacks orchestrated by highly skilled threat actors, often with significant resources, and to effectively detect, prevent, and respond to sophisticated cyber threats. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cybercrime reports received in 2022 were 76,000, up from 13% from 2021. Therefore, the increasing sophistication of cyber threats is driving the growth of the advanced persistent threat protection market.
Major companies operating in the advanced persistent threat protection market are focusing on developing innovative solutions, such as Jamf Executive Threat Protection, to address the growing trend of using mobile devices for work. Jamf Executive Threat Protection is an advanced detection and response solution designed to detect and destroy sophisticated mobile attacks. It allows organizations to gain extended visibility into their mobile fleet, identify indicators of compromise, automatically construct timelines of suspicious events, and respond to advanced persistent threats effectively. For instance, in April 2023, Jamf, a US-based software company, launched Jamf to defend against advanced mobile threats. This advanced detection and response solution is designed to detect and destroy sophisticated mobile attacks. Additionally, it offers advanced detection and response capabilities to protect against sophisticated mobile attacks. Also, it goes beyond traditional endpoint security and device management to provide extended visibility into attacks that target high-value users such as government officials, journalists, and high-ranking employees.
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Major Key Players of the Market:
Cisco Systems Inc., Palo Alto Networks, Fortinet Inc., CrowdStrike Inc., Trend Micro Inc., Kaspersky Lab, Sophos Ltd., FireEye Inc., Rapid7 Inc., Proofpoint Inc., McAfee LLC, Bitdefender, Cybereason Inc., LogRhythm Inc., Trustwave Holdings Inc., BitSight Technologies, Exabeam Inc., Symantec Corporation, F-Secure Corporation, WatchGuard Technologies Inc., SentinelOne Inc., Anomali Inc., Securonix Inc., Digital Guardian, Cylance Inc., Check Point Software Technologies Ltd.
Advanced Persistent Threat Protection Market 2024 Key Insights:
• The advanced persistent threat protection market size is expected to see exponential growth in the next few years. It will grow to $20.90 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%.
• Increasing Sophistication of Cyber Threats Driving Growth In Advanced Persistent Threat Protection Market
• Innovative Solutions In The Advanced Persistent Threat Protection Market
• North America was the largest region in the advanced persistent threat protection market in 2023
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