The Threat Hunting Market is predicted to develop at an impressive 18.6% CAGR from 2023 to 2033, exceeding the lower 16.5% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Lipase market, increasing the market value from US$ 2,395 million in 2023 to US$ 13,224.2 million by 2033.
The focus on safety in sectors like BFSI, telecom & IT, healthcare, and manufacturing is fueling growth in the threat-hunting market, which makes up around 15% of the worldwide threat intelligence market.
Threat hunting, in contrast to typical threat management strategies, entails actively looking for sophisticated threats in networks using tools 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.
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