The Advanced Persistent Threat Protection Market Projected to Grow at a CAGR of 20.49% and Generate a Revenue of $30,862.30 million by 2030

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The global advanced persistent threat protection market size is predicted to be valued at $30,862.30 million by 2030, surging from $5,850.90 million in 2021, at a noteworthy CAGR of 20.49%.

Impact Analysis of COVID-19 on the Advanced Persistent Threat Protection Market

COVID-19 impact on advanced persistent threat protection market the COVID-19 outbreak and associated containment efforts have caused economic and financial disruptions globally. The pandemic and subsequent actions adopted in various nations have severely affected substantially all businesses. Shelter-in-place orders and other measures such as work-from-home and rules intended to safeguard employees, had an effect on supply chain. Shift to a remote working environment also caused issues during the COVID-19 pandemic. For example, lockdowns, limitations or new rules imposed by governments has hampered the capacity of workers and vendors to function with the same speed and productivity in specific regions, even while other sectors did not notice significant impact. The length of labor restrictions and limitations may affect the capacity to generate new goods and services, maintain current ones, perform product sales and marketing events, and upgrade existing ones.

In November 2020, Kaspersky Threat Intelligence Portal introduced API integration. With rise in cyber schemes due to COVID-19, free access will be provided to the Kaspersky Threat Intelligence Portal that gathers actionable threat insight data. Users will be able to connect their applications through API and monitor limited URLs and files in Kaspersky Cloud Sandbox to detect advanced threats and APTs.

Advanced Persistent Threat Protection Market Analysis

The advanced persistent threat protection market analysis for cybersecurity has been developing rapidly in recent decades, due to several supportive factors such as the development of sophisticated solutions. An Advanced Persistent Threat (APT) is a sophisticated, systematic cyber-attacks program that continues for an extended period of time, often orchestrated by a group of skilled hackers. The development and implementation of advanced security solutions such as Next Generation Anti-Virus, Sandboxing and others have boosted the popularity of these cybersecurity solutions. Many advanced persistent threats protection solution providers are even working together to produce stronger and more advanced security solutions so that it can block networks and data from millions of malware being manufactured and improved on a daily basis.

Advanced persistent threats are highly targeted, long time persistent and are varied in nature. With changes in the corporate environment, the security needs are also exhibiting signs of transition, as scores of new zero-day threats have developed. This lack of understanding about advanced security risks is putting organizations at risk and is constraining growth of the advanced persistent threat protection market. There remains a huge knowledge gap across companies to comprehend the APTs and how to protect against them.

With the escalating surge of a gazillion gigabytes of confidential data flowing to the cloud, the issues linked to security have escalated, as cyber attackers have become a serious hazard. Companies that are excessively reliant on cloud-based models are now subject to multiple cyber dangers like never before. Security is an ongoing and continuous process, which aims at real-time evaluation of risks and uncertainties. With a large number of data being created by IoT devices, data loss prevention tools, and security information (security solutions) in industry 4.0; data breaches have become highly mainstream. Therefore, corporations are choosing for superior analytics, stringent access rules, and technology to cope with these data breaches.

Global Advanced Persistent Threat Protection Market, Segmentation

The global advanced persistent threat protection market is segmented based on deployment mode, services, solutions, and region.

Deployment Mode:

The deployment mode segment is further classified into cloud and on-premise. Among these, the cloud sub-segment is anticipated to have a dominant market share and shall surpass $19,531.40 million by 2030, with an increase from $2,824.80 million in 2021.  The increasing demand for cloud-based APT protection is majorly because of the crucial role in disaster recovery which is a cloud computing service that allows for storing and recovering system data on a remote cloud-based platform and increasing concern regarding the integrated safety standards among the businesses to avoid data manipulation and theft. These factors will have positive impact on global advanced persistent threat protection market trend during the forecasting years.

Services:

The services segment is further classified into managed services and professional services. Among these, the professional services sub-segment is anticipated to have fastest growth and shall surpass $15,460.40 million by 2030, with an increase from $2,324.70 million in 2021. There has been increasing activities in hacking, data theft, and other such cybercrimes which drives the need for professional services. The advancement is the technology such as adoption of high-speed Internet services aids the advanced persistent threat protection market growth in the forecasting years.

Solutions:

The solutions segment is further classified into Security Information and Event Management (SIEM), endpoint protection, Intrusion Detection System/ Intrusion Prevention System (IDS/ IPS), sandboxing, Next-Generation Firewall (NGFW), forensic analysis, and others. Among these, the Next-Generation Firewall (NGFW) sub-segment is anticipated to have fastest growth and shall surpass $6,160.70 million by 2030, with an increase from $1,095.90 million in 2021.Due to high functionalities of NGFW solutions, key players operating in cyber security services are entering into partnership and launching innovative products. For instance, in May 2020, Citrix and Check Point Software Technologies, one of the notable players in integrated security services, announced the official collaboration in order to provide Next-Generation Firewall. Such key developments are further expected to generate great opportunities and increase advanced persistent threat protection market share, in the coming years.

Region:

The advanced persistent threat protection market share in the North America region is projected to show the dominant market share. The advanced persistent threat protection market outlook in this region generated a revenue of $1,948.30 million in 2021 and is projected to reach up to $9,814.20 million by 2030. North American has robust and well-established economies, which allows it to invest heavily in Research and Development (R&D) operations, consequently contributing to the development of new technologies in the APT protection industry. The presence of majority of leading players in the APT protection market is projected to be the primary factor driving growth of the advanced persistent threat protection market size in this region.

Key Players in the Global Advanced Persistent Threat (APT) Protection Market

Some of the leading advanced persistent threat (APT) protection market players include

1. Cisco Systems, Inc.
2. AO Kaspersky Lab.
3. ESET spol. S r.o.
4. Sophos Ltd.
5. Forcepoint
6. VMware, Inc
7. Microsoft
8. Palo Alto Networks
9. McAfee, LLC
10. F-Secure.

In February 2020, Forcepoint, a company that offers security solutions through Amazon Web Services (AWS) Security Hub, integrated Forcepoint DLP, Forcepoint CASB, and Forcepoint NGFW on the AWS Security Hub to provide 40,000 enterprises with a holistic view of security alerts generated by Forcepoint’s risk-adaptive security solutions. The Forcepoint AWS Security Hub integration helps users to manage their compliance status and security alerts across their AWS accounts.