North America Increasing its Dominance in the Global Advanced Persistent Threat Protection Market
The Global Advanced Persistent Threat Protection Market is expected to witness a CAGR of 18.1% to reach revenue of $16.2 billion by 2024
Bangalore, India, January 31, 2019: With its recently published study “Global Advanced Persistent Threat Protection Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024”, Infoholic Research forecasts that the global market for advanced persistent threat protection will continue to grow, owing to the increasing occurrence of data breaches and zero-day attacks in various industries, skilled cybercriminals, and stringent government regulations for cybersecurity.
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Advanced persistent threats (APTs) are intended and well-funded attacks, which exploit network vulnerabilities and enable the attacker to gain access to a network. The main purpose of the APT attack is a data breach, unlike other ransomware or attacks which cause damage to the organization. Advanced persistent threat protection solution enables end-user organizations in government & defense, BFSI, healthcare, IT & telecom, and other verticals to get rid of the network threats by detection, prevention, and remediation. APT protection solutions, by combining various tools and techniques, help the targeted organization in responding to threats more quickly, actively, and effectively.
Increasing demand for managed security services and rising adoption of cloud technology are the major factors likely to steer the advanced persistent threat protection market growth. This is expected to continue during the forecast period 2018–2024, fueling the global advanced persistent threat protection market growth at a CAGR of 18.1% to reach revenue of $16.21 billion by 2024.
North America is dominant in the advanced persistent threat protection market, followed by Europe and APAC. North America continues to be the target region by nation-state cyber adversaries, and due to the increasing number of data breaches, the growth of APT protection market in this region is expected to increase during the forecast period. In 2017, it was found that the cost of a data breach in the US increased by 5% from the previous year.
In terms of segmentation analysis, the SIEM and threat intelligence solution contributes to a significant revenue share within the advanced persistent threat protection market, and forensics & investigation is expected to grow at the highest rate. At present, the government and defense sector has a high share in the advanced persistent threat protection market, but the energy and utilities sector is projected to increase over the years, growing at the highest CAGR.
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“Globally, cybercrime is one of the biggest threats to every organization, and so is the advanced persistent threat (APT). APTs are usually designed to capture the valuable information from the target for an extended period, and most of the time, it goes undetected with the use of advanced tools and techniques. The most used techniques across various APT attacks to target the victim are social engineering, spear phishing, rootkits, exploits, and many others. APT protection solutions help organizations in combating against APTs by strengthening their defense capability such as monitoring, strong authentication, vulnerability management, and responding to such type of advanced threats.” – Sonam Chawla, Research Analyst, Infoholic Research
Key Insights of the Report Include:
- Key Solutions
- SIEM and Threat Intelligence
- Advanced Sandboxing Solution
- Next-generation Firewall
- Advanced Endpoint Protection
- Forensics & Investigation
- Professional Services
- Managed Services
- Major Verticals
- Government & Defense
- IT & Telecom
- Energy & Utilities
- Industry outlook: Market trends, drivers, restraints, and opportunities
Ms. Kathakali Basu
Infoholic Research LLP