According to a new report, published by KBV research, The Global Insider Threat Protection Market size is expected to reach $12.7 billion by 2030, rising at a market growth of 17.5% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 18.2% during (2023 - 2030). Services for monitoring as well as securing end-user devices are provided by insider threat protection. They are made to give businesses the ability to boost output, improve security, and guarantee compliance while giving workers the freedom and comfort to use their own devices for work. In addition, professional services are becoming increasingly popular due to their ability to assist businesses in repairing vulnerabilities, minimizing further data loss, and taking preventative action against potential cyber threats.
The BFSI segment is generating the highest revenue share in the Global Insider Threat Protection Market by Vertical in 2022 thereby, achieving a market value of $2.3 billion by 2030. Due to the BFSI sector's responsibility for holding vast amounts of crucial data, businesses are constantly in danger of cyberattacks. Furthermore, financial institutions spend a lot of money allowing digital services through various channels, resulting in more vulnerabilities. As a result, businesses in the BFSI industry are heavily integrating testing for application security tools and services to safeguard apps and digital assets from fraud and manipulation.
The SMEs segment has shown the growth rate of 18.9% during (2023 - 2030). Small and medium-sized enterprises are more susceptible to cyberattacks because of their lax security measures due to financial restrictions. Additionally, their vulnerability to cyberattacks is caused by a lack of security guidelines and personnel expertise. Insider risk management tools can assist in securing the devices and detecting risks early on, decreasing the requirement for IT professionals to handle various devices.
The Cloud segment is leading the Global Insider Threat Protection Market by Deployment Mode in 2022 thereby, achieving a market value of $8.4 billion by 2030. Cloud-based platforms are always susceptible to data breaches and cybercrimes, even as cloud computing advances. In conjunction with the rising popularity of cloud computing, it is therefore anticipated that the use of insider threat management solutions based on the cloud will rise.
The North America market dominated the Global Insider Threat Protection Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.2 billion by 2030. The Europe market is exhibiting a CAGR of 17.3% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 18.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/insider-threat-protection-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc, Microsoft Corporation, Broadcom, Inc., VMware, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), Kaspersky Lab, Ivanti, Inc. (Clearlake Capital Group, L.P.), Micro Focus International PLC (Open Text Corporation), Zoho Corporation Pvt. Ltd. and McAfee Corp.
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By Vertical
By Organization size
By Deployment Mode
By Geography
Companies Profiled
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