The rapid growth and evolution of the cyber threat landscape, as well as its increased complexity, are posing challenges for security operation centers tasked with defending modern enterprises against these attacks. As a result, businesses are implementing advanced malware detection solutions to get beyond the shortcomings of traditional security measures and protect themselves from the bigger issue of sophisticated malware.
Because of the COVID-19 outbreak, more businesses are using remote access, mobility solutions, and cloud-based resources than ever before. As a result, businesses are being forced to maintain a constant balance between the vulnerability of their networks and their data. As a result of this factor, it is anticipated that the demand for next-generation security solutions will increase among businesses. In addition, businesses are concentrating on increasing their spending on enterprise security in order to conquer the difficulties brought on by remote working, which is one of the primary factors that is creating potential growth opportunities for the growth of the advanced malware detection market at this time when there is a pandemic.
North America will dominate the Advanced Malware Detection Software Market
Because of the widespread use of digital technologies, the high level of investment in advanced cyber security solutions by businesses, and the concentration of industry-leading advanced malware detection service providers in North America, the advanced malware detection market in North America is currently the most lucrative.
During the interest period, Asia-growth Pacific's rate will remain steady.
It is anticipated that the market for advanced malware detection in the Asia Pacific will also witness substantial growth opportunities. This is because businesses in the area are increasingly implementing cutting-edge security solutions to fortify their IT infrastructure. Additionally, businesses in this region are being compelled to tighten organizational IT security due to the growing popularity of BYOD and remote working, which is predicted to fuel the market for sophisticated malware detection.
The Solution Segment will dominate the Advanced Malware Detection Software Market
Cybersecurity vendors sell malware analysis. Malware analysis platforms help cybersecurity teams identify and remove malicious malware samples from the system. Malware analysis is becoming more popular as malware-attack vectors become more sophisticated.
The value of the global malware detection market is anticipated to increase at a compound annual growth rate (CAGR) of 31.0% from 2022 to 2029, rising from $6.59 billion in 2022 to $41.357 billion by 2029.
In addition, there has been an uptick in the use of sophisticated malware detection solutions to protect businesses from the harm that has been caused by the increase in the number of complex malware attacks and data breach incidents. In addition, businesses all over the world continue to fall victim to sophisticated malware assaults and data breaches despite the substantial investments made in a wide range of security products. Therefore, as a result of this factor, there is an increasing demand for advanced malware detection in order to cater to the challenges that have occurred as a result of advanced malware and data breaches.
If the samples are determined to be malicious, they can be removed from the system to stop the malware from spreading further. The management of security alerts and the prevention of additional malware attacks can be accomplished through the implementation of these solutions in either public or private organizations. Malware analysis is becoming increasingly popular among businesses as the level of sophistication seen in malware-attack vectors continues to rise. This is in response to the risk posed by continually shifting malware threat landscapes.
In addition, businesses are concentrating on increasing their spending on enterprise security in order to conquer the difficulties brought on by remote working, which is one of the primary factors that is creating potential growth opportunities for the growth of the advanced malware detection market at this time when there is a pandemic.
A few of the major factors propelling the growth of the advanced malware detection market include the development of advanced security management solutions and the increasing importance placed by businesses and governments on achieving a higher level of awareness regarding the proliferation of advanced malware.
There are a number of companies that dominate the advanced malware detection market on a global scale, including Sophos, Watch Guard Technologies, Check Point Software Technologies, Juniper Networks, Sonic Wall, Trend Micro, Palo Alto Networks, Cisco Systems, and Huawei, to name a few.
- Because of the increased risk, enterprises and businesses are integrating advanced malware detection solutions with their existing security tools in order to observe or detect advanced malware in a more effective manner.
- Large organizations are strengthening their cybersecurity by actively managing the risks posed by potential threats. Furthermore, it is projected that the combination of forensic tools, threat intelligence analytics, and endpoint detection and response (EDR) would increase demand for advanced malware detection solutions.
Advanced Malware Detection Market Scope
|Revenue forecast in 2029
|$ 41.357 billion
|CAGR of 31.0% during 2019-2029
|By Type, By End-User, By Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|global scale, including Sophos, Watch Guard Technologies, Check Point Software Technologies, Juniper Networks, Sonic Wall, Trend Micro, Palo Alto Networks, Cisco Systems, and Huawei, to name a few.
Key segments in ‘Global Advanced Malware Detection Market’
By Type (USD Million)
By End-User (USD Million)
- Small and medium enterprises
- Large Enterprises
By Application (USD Million)
- Travel & Tourism
- Energy Sector
By region (USD Million)
- North America
- The United States of America
- The United Kingdom
- South Korea
- South America