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Insider Threat Protection Solutions: Market Overview and Competitive Landscape

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Steve Anderson
Insider Threat Protection Solutions: Market Overview and Competitive Landscape

The global insider threat protection market size is estimated to reach USD 13.69 billion by 2030, progressing at a CAGR of 17.4% from 2023 to 2030, as per a recent report by Grand View Research, Inc. Advances in emerging technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), have led to increased adoption of mobile apps and web applications, subsequently creating more complex IT infrastructure that can be vulnerable to insider threat attacks in organizations.

Insider Threat Protection Market Report Highlights

·        The services segment is expected to register a CAGR of 18.3% from 2023 to 2030. Security services majorly cover business support, technical management services, advisory, consulting and training, and incident readiness and response services. The need for a single point of contact and reliable technical support during the deployment of security solutions is one of the factors contributing to the growth of the segment

·        The cloud-based segment is anticipated to witness a growth rate of 18.7% from 2023 to 2030. The high growth can be attributed to the increasing deployment of cloud computing infrastructure and migration of on-premises solutions to the cloud by enterprises

·        The Small & Medium-sized Enterprises (SMEs) segment is projected to expand at a CAGR of 18.1% from 2023 to 2030. SMEs are increasingly adopting insider risk management solutions, driven by the growing use of endpoint devices in the workplace and the need for improved security and device management

·        The retail & e-commerce vertical is anticipated to progress at a growth rate of 20.9% through 2030. Retailers have increasingly adopted ITP solutions to increase security, streamline financial management, and improve productivity

·        The Asia Pacific region is anticipated to witness a CAGR of 19.8% from 2023 to 2030. The region is home to many endpoint devices owing to the massive working population. As such, a high number of endpoint devices connected over private unsecured networks is expected to increase the risk of cyber-attacks, which bodes well for the market growth for insider threat protection solutions in the region

Gain deeper insights on the market and receive your free copy with TOC now @: Insider Threat Protection Market Report

To address potential security challenges, such organizations are implementing security services to detect bugs, as well as analyze the security landscape, while efficiently responding to cyberattacks. The need to fix bugs in web applications as well as mobile apps, and to mitigate data loss risks associated with insider threats, is expected to fuel the adoption of ITP services over the forecast period.

Insider risk management solutions use innovative threat intelligence, machine learning, and behavioral analysis algorithms that detect threats and suspicious activities leading to security breaches. These solutions are designed to detect real-time potential threats on endpoint devices such as servers, memory devices, mobile devices, and other point-of-sale devices, thereby helping the organization enhance its security posture through rapid response capabilities. In July 2022, McAfee, LLC announced a strategic partnership with Telstra, an Australia-based telecommunications and technology company.

The partnership aims to deliver comprehensive protection solutions to safeguard the identity and privacy rights of consumers across applications, activities, devices, and locations. This partnership offered Telstra customers easy access to McAfee’s robust security solutions. These solutions deliver complete security and privacy protection, with integrated applications of Antivirus Protection, Parental Controls, VPN Security, and Identity Protection, among others to secure multiple devices, including mobiles, tablets, PCs, and laptops. Such developments would further drive the market for insider threat protection solutions during the forecast period.

However, the high cost of implementation, operation, and maintenance of insider risk management solutions among small- & medium-scaled enterprises are factors anticipated to hamper the market growth for insider threat protection solutions. The cost of implementing these solutions varies, depending on the size of the enterprise, endpoint devices, and the pricing model of the vendor. Furthermore, these solutions require additional hardware and software components that increase the overall deployment cost.

For More Details or Sample Copy please visit link @: https://www.grandviewresearch.com/industry-analysis/insider-threat-protection-market-report/request/rs1

To overcome this, many vendors have started deploying cloud-based insider threat protection solutions, which are considered cost-effective alternatives to on-premise solutions and can be purchased on a subscription model, thereby saving costs for the customer. For instance, in January 2023, DoControl, a Software as a Service security platform provider, announced the expansion of its SaaS security platform with the launch of its Shadow Apps solution. It discovers, monitors, and remediates to protect organizations from SaaS supply chain attacks. The platform expansion provides complete control & visibility across all applications to close compliance gaps.

List of Key Players in the Insider Threat Protection Market

·        Cisco Systems, Inc.

·        Microsoft Corporation

·        Broadcom, Inc.

·        VMware

·        Citrix Systems

·        Kaspersky Labs

·        Ivanti

·        Micro Focus

·        Zoho Corporation Pvt. Ltd. (ManageEngine)

·        McAfee, LLC

·        International Business Machines Corporation

·        CROWDSTRIKE

·        Sophos

·        Blackberry

·        Trend Micro Incorporated

 

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/insider-threat-protection-market-report

Segmented the global insider threat protection market based on solution, deployment, enterprise size, vertical, and region

Table of Contents

Chapter 1. Methodology and Scope

          1.1. Methodology Segmentation & Scope

          1.2. Information procurement

            1.2.1. Purchased database

            1.2.2. GVR’s internal database

            1.2.3. Secondary sources & third-party perspectives

            1.2.4. Primary research

          1.3. Information analysis

            1.3.1. Data analysis models

          1.4. Market formulation & data visualization

          1.5. Data validation & publishing

Chapter 2. Executive Summary

          2.1. Insider Threat Protection Market - Market Snapshot, 2018 - 2030

          2.2. Insider Threat Protection Market - Solution Snapshot, 2018 - 2030

          2.3. Insider Threat Protection Market - Deployment Snapshot, 2018 - 2030

          2.4. Insider Threat Protection Market - Enterprise Size Snapshot, 2018 - 2030

          2.5. Insider Threat Protection Market - Vertical Snapshot, 2018 - 2030

          2.6. Insider Threat Protection Market - Competitive Snapshot

Chapter 3. Insider Threat Protection Market Variables, Trends & Scope

          3.1. Market Lineage Outlook

          3.2. Industry Value Chain Analysis

          3.3. Market Dynamics

            3.3.1. Market Driver Analysis

            3.3.2. Market Restraint/Challenge Analysis

            3.3.3. Market Opportunity Analysis

          3.4. Business Environment Analysis Tools

            3.4.1. Porter's Five Forces Analysis

            3.4.2. PEST Analysis

          3.5. COVID-19 Impact Analysis

Chapter 4. Insider Threat Protection Market: Solution Outlook

          4.1. Insider Threat Protection Market Share by Solution, 2022 & 2030 (USD Billion)

          4.2. Software

            4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)

          4.3. Services

            4.3.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 5. Insider Threat Protection Market: Deployment Outlook

          5.1. Insider Threat Protection Market Share by Deployment, 2022 & 2030 (USD Billion)

          5.2. Cloud

            5.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)

          5.3. On-premise

            5.3.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 6. Insider Threat Protection Market: Enterprise Size Outlook

          6.1. Insider Threat Protection Market Share by Enterprise Size, 2022 & 2030 (USD Billion)

          6.2. Small and medium-sized enterprises

            6.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)

          6.3. Large Enterprises

            6.3.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 7. Insider Threat Protection Market: Vertical Outlook

          7.1. Insider Threat Protection Market Share by Vertical, 2022 & 2030 (USD Billion)

          7.2. BFSI

            7.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)

          7.3. IT and Telecom

            7.3.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

          7.4. Retail & E-commerce

            7.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)

          7.5. Healthcare and Life Sciences

            7.5.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

          7.6. Manufacturing

            7.6.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

          7.7. Energy & Utilities

            7.7.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

          7.8. Government & Defense

            7.8.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)

          7.9. Others

            7.9.1. Market size estimates and forecast, 2018 - 2030 (USD Billion)


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Hugh Grant 2023-03-20
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