Malware Analysis Market Share
The Business Research Company recently released a comprehensive report on the Global Malware Analysis Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
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According to The Business Research Company’s, The malware analysis market size has grown exponentially in recent years. It will grow from $9.33 billion in 2023 to $11.81 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to growth of online transactions, advanced persistent threats, expanding attack vectors, regulatory compliance requirements, ransomware epidemic, need for incident response..
The malware analysis market size is expected to see exponential growth in the next few years. It will grow to $32.78 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to supply chain security concerns, expansion of threat hunting practices, privacy concerns and gdpr compliance, evolution of fileless malware, focus on user and entity behavior analytics.. Major trends in the forecast period include automation of malware analysis processes, cloud-based malware analysis solutions, threat intelligence sharing and collaboration, evasion techniques and countermeasures, emphasis on forensic analysis, endpoint detection and response (edr) integration..
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Market Drivers and Trends:
The rise in the instances of cyberattacks is expected to propel the growth of the malware analysis market going forward. A cyber-attack is a cybercriminal attack that uses one or more computers to target numerous computers or networks. One of the most important aspects of cybersecurity is malware analysis. Security analysts are frequently tasked with determining if a suspicious file is legitimate or malicious. Responders benefit from it as it helps them eliminate false positives and determine the scope of a malware incident. Malware analysis provides actionable information during an incident by identifying and classifying the malware. For instance, according to Positive Technologies, a South Korea-based cybersecurity company, the number of cyberattacks climbed by 17% in Q1 2021 compared to Q1 2020 and by 1.2% compared to Q4 2020, with 77% being targeted attacks. Therefore, the rise in the instances of cyberattacks is driving the malware analysis market growth.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
FireEye Inc., Cisco Systems Inc., Palo Alto Networks Inc., Sophos Group plc, Kaspersky Lab Group, Fortinet Inc., Check Point Software Technologies Ltd., Qualys Inc., CrowdStrike Holdings Inc., AT&T Inc., Broadcom Inc., McAfee Corp., Juniper Networks Inc., VIPRE Security Group, Forcepoint LLC, Fidelis Cybersecurity Inc., Coro Cybersecurity, Cuckoo Sandbox, ESET spol. s r. o., Intezer Ltd., Hatching Triage Inc., Joe Security LLC, Malwarebytes Corporation, Rapid7 Corporation, NortonLifeLock Inc., Tanium Inc., ThreatConnect Inc., Trend Micro Incorporated, Yara Rules S. A., BitNinja Ltd., Avast Software s. r. o.
Malware Analysis Market 2024 Key Insights:
• The malware analysis market size is expected to see exponential growth in the next few years. It will grow to $32.78 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%.
• Rising Cyberattack Incidents Fuel Growth In The Malware Analysis Market
• Advanced Hybrid Analyzers Enhance Competitiveness In The Malware Analysis Market
• North America was the largest region in the malware analysis market in 2023
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