PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566471
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566471
Global Threat-Hunting Market is valued at approximately USD 2.44 billion in 2023 and is projected to grow at a remarkable CAGR of 18.61% over the forecast period 2024-2032. Threat hunting represents a proactive approach to cybersecurity, diverging from traditional defense mechanisms such as firewalls and intrusion detection systems (IDS). Instead of relying solely on these reactive tools, threat-hunting leverages advanced software solutions, including endpoint detection & response (EDR) and network threat analytics, to identify and mitigate sophisticated threats that can bypass conventional security measures.
The Global Threat-Hunting Market is driven by rising sophisticated cyber threats, the demand for robust threat-hunting solutions is surging. This growth is driven by a heightened focus on securing sensitive data and systems, particularly in industries such as BFSI, telecom & IT, healthcare, and manufacturing. These sectors are particularly vulnerable to cyber-attacks due to the sensitive nature of the data they handle. The proactive nature of threat hunting, which involves actively seeking out potential threats before they can cause harm, is becoming an essential component of comprehensive cybersecurity strategies. Moreover, as businesses become more aware of the limitations of traditional cybersecurity tools, they are increasingly turning to threat hunting as a means to enhance their defenses. This is especially important as cybercriminals employ more sophisticated tactics, making it critical for enterprises to adopt equally advanced solutions. The ability to detect and neutralize threats before they can exploit vulnerabilities is paramount, and threat hunting provides a powerful means to achieve this. However, high cost associated to threat-hunting solutions is going to impede the overall demand for the market during forecast period 2022-2032.
The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is expected to lead the global threat-hunting market, owing to its mature cybersecurity infrastructure and high adoption of advanced security technologies. Furthermore, the Asia Pacific region is projected to experience the fastest growth during the forecast period, driven by the increasing digitalization of businesses and the corresponding rise in cyber threats.