With the emergence and long-term Impact of COVID-19, Global Insider Threat Protection Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Insider Threat Protection Market points towards a potential rise to USD xx billion by 2030. Insider Threat Protection (ITP) comprises strategies and technologies used by organizations to safeguard against potential security risks posed by individuals within their ranks. It involves continuous monitoring of user behavior, data loss prevention, access controls, employee training, and incident response to prevent, detect, and respond to internal security threats. The goal is to mitigate the risks associated with both intentional and unintentional insider actions, ensuring the security of sensitive information and organizational assets.
The market is expanding due to increased investments in robust threat intelligence solutions by governments and organizations. The rising demand for managed and professional security services is also contributing to this growth. Organizations are enhancing data access control through security culture implementation and improved screening of employees and contractors to protect critical information from unauthorized disclosure. These measures aim to minimize the risk of sensitive information exposure by authorized entities, thereby boosting the market for insider threat protection solutions in the forecast period.
Additionally, the increasing cybersecurity concerns, surge in insider threat incidents, widespread adoption of remote work and Bring Your Own Device (BYOD) policies, coupled with the growing reliance on cloud services are the most prominent factors that are propelling the market demand across the globe.
Geographically, the global Insider Threat Protection market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the growing utilization of servers, desktops, and mobile devices, widespread adoption of these devices and the concentration of major insider risk management vendors in the region. North America boasts a robust presence of key industry players, including Palo Alto Networks, SentinelOne, and Broadcom, Inc. These entities offer a diverse array of Insider Threat Protection (ITP) solutions, empowering organizations to implement effective security measures to safeguard their data, networks, and systems against various cyber threats.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The surge in the adoption of the Bring Your Own Device (BYOD) trend, coupled with the increasing government initiatives aimed at supporting cybersecurity compliance to safeguard data from cyber threats has generated a demand for insider risk management solutions, which are significantly propelling the market demand across the region.
The global Insider Threat Protection market is highly competitive owing to the presence of several key players such as Cisco Systems, Inc. Microsoft Corporation Broadcom, Inc. VMware Citrix Systems Kaspersky Labs Micro Focus Zoho Corporation Pvt. Ltd. (ManageEngine) McAfee, LLC International Business Machines Corporation, and others.
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Key findings of the study suggest:
- Global Insider Threat Protection Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the Solution segment, Services emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to growing utilization of servers in the region.
- Asia Pacific is expected to grow at higher rate owing to surge in the adoption of the Bring Your Own Device (BYOD) trend in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Solution:
- Software
- Services
By Deployment:
- Cloud
- On-premise
By Enterprise Size:
- Small and medium-sized enterprises
- Large enterprises
By Vertical:
- BFSI
- IT and Telecom
- Retail & E-commerce
- Healthcare and Life Sciences
- Manufacturing
- Government & Defense
- Energy & Utilities
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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