PUBLISHER: Allied Market Research | PRODUCT CODE: 1344355
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344355
According to a new report published by Allied Market Research, titled, "Threat Modeling Tools Market," The threat modeling tools market was valued at $886.63 million in 2022, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.
Increase in demand for user-friendly threat modeling tools and rise in implementation of artificial intelligence (AI) in security solution is boosting the growth of the global threat modelling tools market. In addition, increase in use of digital transformation technology is positively impacting growth of the threat modeling tools market. However, lack of skills and trained security analyst and high procurement costs of threat intelligence solutions is hampering the threat modeling tools market growth. On the contrary, rise in adoption of cloud and IoT technologies is expected to offer remunerative opportunities for expansion of the threat modeling tools market during the forecast period.
The threat modeling tools market is segmented on the basis of by component, deception stack, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into solution and service. On the basis of platform, the market is fragmented into web-based, desktop-based, and cloud-based. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, healthcare, IT and ITES, utilities, and others. By region, the global threat modeling tools market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the threat modeling tools market are Cisco Systems, Inc., IBM Corporation, Synopsys, Intel Corporation, Varonis Systems Inc., Microsoft Corporation, Mandiant, Coalfire Systems, Inc., Kroll, LLC., and Sparx Systems Pty Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.