According to the report by Expert Market Research (EMR), the global Advanced Persistent Threat Protection Market Share reached a value of approximately USD 7.21 billion in 2022. Aided by the growing need for robust cybersecurity measures and the broadening applications of APT protection in various sectors, the market is projected to further grow at a CAGR of 20.90% between 2023 and 2028 to reach a value of USD 22.54 billion by 2028.
Advanced persistent threats represent a class of cyber threats where an unauthorised user gains access to a system and stays undetected for an extended period. These threats are often sophisticated, well-coordinated and aimed at stealing data rather than causing damage to the network or organisation. APT protection solutions play a crucial role in identifying, detecting, and neutralising these threats, thereby ensuring data security and integrity.
The escalating incidences of data breaches and cyberattacks are major drivers for the global advanced persistent threat protection market growth. With the rapid digitisation of business operations and the increasing reliance on data, organisations have become more susceptible to cyber threats, leading to a surge in demand for advanced protection measures such as APT protection solutions. Furthermore, the growing regulatory focus on data security has mandated organisations to adopt robust cybersecurity measures, thereby contributing to the APT protection market expansion.
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The widening applications of APT protection in diverse sectors also significantly contribute to advanced persistent threat protection market expansion. Apart from the IT and telecommunications sectors, APT protection solutions are increasingly finding use in financial services, healthcare, retail, and government agencies. For instance, financial services organisations use APT protection to safeguard sensitive financial data, while healthcare institutions deploy these solutions to protect patient data.
The advanced persistent threat protection market demand is being further boosted by an increasing focus on insider threat identification. Traffic monitoring, which hinders the installation of backdoors, restricts the extraction of stolen data, and may also notify security staff of any strange activity or behaviour, is frequently used to detect insider threats.
Moreover, the advent of cloud-based APT protection solutions has unlocked new growth opportunities for the advanced persistent threat protection market. These solutions offer scalability, flexibility, and cost-effectiveness, making them an attractive option for small and medium-sized enterprises. The growing adoption of cloud computing and the increasing demand for Software-as-a-Service (SaaS) models are further fuelling the demand for cloud-based APT protection solutions.
Market Segmentation of Advanced Persistent Threat Protection Market
The market can be divided based on deployment mode, services, solution, end use, and region.
Market Breakup by Deployment Mode
- On-Premises
- Cloud-Based
Market Breakup by Services
- Managed Services
- Professional Services
Market Breakup by Solution
- Security Information and Event Management (SIEM)
- Endpoint Protection
- Intrusion Detection System/ Intrusion Prevention System
- Sandboxing
- Next Generation Firewall
- Forensic Analysis
- Others
Market Breakup by End Use
- BFSI
- Engineering
- Construction
- Healthcare
- Retail
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Advanced Persistent Threat Protection Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global advanced persistent threat protection companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Broadcom Software
- ESET, spol. s r.o.
- C. BITDEFENDER S.R.L.
- Cisco Systems, Inc
- AO Kaspersky Lab
- Forcepoint LLC
- Palo Alto Networks
- Others
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