It is anticipated that the Threat Hunting Market would grow at a remarkable 18.6% CAGR from 2023 to 2033, outpacing the lower 16.5% CAGR observed between 2018 and 2022. With the market value rising from US$ 2,395 million in 2023 to US$ 13,224.2 million by 2033, this notable increase illustrates the growth in demand for the lipase product.
About 15% of the global threat intelligence market is made up of threat-hunting, a growing segment driven by the emphasis on safety in industries such as manufacturing, telecom & IT, BFSI, and healthcare.
Unlike traditional threat management techniques, threat hunting involves actively searching networks for complex attacks using technologies 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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