Threat Hunting Market worth $6.9 billion by 2029- Exclusive Report by MarketsandMarkets™>
PR Newswire – MarketsandMarkets
The Threat Hunting Market is expected to grow significantly, from around USD 3.4 billion in 2024 to about USD 6.9 billion by 2029, at a CAGR of 14.9%, according to a new report by MarketsandMarkets™
This explosive growth is driven by organizations’ need to combat the increasing number of cyberattacks and protect sensitive data
Key points from the report:
1) The services segment is expected to grow at the highest CAGR during the forecast period due to the global shortage of cybersecurity professionals.
2) Large enterprises are expected to hold a significant market share during the forecast period, as they often deal with sensitive data and critical infrastructure, making proactive threat detection a top priority.
3) The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, driven by the rising tide of cyberattacks and rapid digital transformation in the region.
4) Major vendors in the global Threat Hunting Market include IBM, Kaspersky, Capgemini, CrowdStrike, Trustwave, Verizon, SecureWorks, Sangfor, Eviden, Rapid 7, VMware, Solidworks, Trend Micro, Cynet, Palo Alto Networks, Cipher, Talatek, SOC Prime, RSI Security, Protected Harbour, Mindpoint Group, Exponential-E, Redscan, Iron Net Cybersecurity, and LiveAction
The report highlights that threat hunting takes a proactive stance, actively searching for hidden threats within networks, unlike traditional security measures that passively wait for threats to appear
This proactive approach is fueled by the increasing need to protect sensitive data and the growing awareness of cyber risks across industries.
Link: https://www.prnewswire.com/news-releases/threat-hunting-market-worth-6-9-billion-by-2029–exclusive-report-by-marketsandmarkets-302197837.html