Advanced Persistent Threat Protection Market Definition And Segments
Advanced persistent threat (APT) protection refers to a comprehensive strategy and set of measures organizations implement to defend against sophisticated and prolonged cyber-attacks by skilled adversaries. It safeguards computer networks, systems, and data against sophisticated and persistent cyber threats orchestrated by highly skilled and motivated adversaries.
The main types of software in advanced persistent threat protection, such as security information and event management (SIEM), endpoint protection, intrusion detection system/intrusion prevention system (IDS/IPS), next-generation firewall (NGFW), threat intelligence platform, and others. Security information and event management (SIEM) is a comprehensive approach to security management that combines security information management (SIM) and security event management (SEM) functions into a single, integrated solution. It provides various services, such as professional services and managed services, and includes deployments such as cloud and on-premise, and enterprises are small and medium-sized enterprises (SMEs) and large enterprises, as well as various verticals such as banking, financial services, and insurance; information technology and telecommunications, retail and e-commerce, healthcare and life sciences; manufacturing, energy and utilities, government and defense and others.
The advanced persistent threat protection market covered in this report is segmented –
1) By Software: Security Information And Event Management (SIEM), Endpoint Protection, Intrusion Detection System/Intrusion Prevention System (IDS/IPS), Next-Generation Firewall (NGFW), Threat Intelligence Platform, Others Software
2) By Services: Professional Services, Managed Services
3) By Deployment: Cloud, On-Premise
4) By Enterprise: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By Vertical: Banking, Financial Services, and Insurance., Information Technology And Telecommunications, Retail And E-commerce, Healthcare And Life Sciences, Manufacturing, Energy And Utilities, Government And Defense, Others Verticals
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 devOps integration.
Increasing Sophistication of Cyber Threats Driving Growth In Advanced Persistent Threat Protection Market
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 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.
Innovative Solutions In 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.
Proofpoint Enhances Cybersecurity Capabilities With Acquisition Of Illusive
In December 2022, Proofpoint Inc., a US-based software company, acquired Illusive for an undisclosed amount. Through this acquisition, Proofpoint aims to strengthen its visibility into vulnerable identities within organizations, equip enterprises with insights into their privileged access attack surface, and enhance control better to protect their Very Attacked People (VAPs). Illusive is an Israel-based developer of cybersecurity software intended to prevent cyber-attacks against enterprise systems.
North America was the largest region in the advanced persistent threat protection market in 2023. The regions covered in the advanced persistent threat protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the advanced persistent threat protection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The advanced persistent threat protection market consists of revenues earned by entities providing services such as threat intelligence, behavioral analysis, endpoint security, network security, threat hunting, and continuous monitoring and updates. The market value includes the value of related goods sold. The advanced persistent threat protection market also includes the sale of threat hunting tools, network security tools, endpoint security tools, and threat intelligence platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The advanced persistent threat protection market research report is one of a series of new reports from The Business Research Company that provides advanced persistent threat protection market statistics, including advanced persistent threat protection industry global market size, regional shares, competitors with a advanced persistent threat protection market share, detailed advanced persistent threat protection market segments, market trends and opportunities, and any further data you may need to thrive in the advanced persistent threat protection industry. This advanced persistent threat protection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.