July 22, 2024 at 02:08PM
The threat hunting market is projected to grow significantly, reaching approximately USD 3.4 billion in 2024 and expected to increase to about USD 6.9 billion by 2029. The proactive approach of threat hunting and the global shortage of cybersecurity professionals are driving the market. Large enterprises and the Asia Pacific region are key segments for market growth. For more details, visit https://ift.tt/l4wBbvD and references provided.
Summary of meeting notes:
– The Threat Hunting Market is projected to grow significantly, reaching around USD 3.4 billion in 2024 and increasing to about USD 6.9 billion by 2029 at a CAGR of 14.9%.
– The proactive stance of threat hunting is gaining traction as organizations seek to combat cyberattacks, leading to a rise in demand for more robust security solutions and proactive security measures.
– The services segment is expected to grow at the highest CAGR during the forecast period due to the global shortage of cybersecurity professionals, particularly in threat hunting.
– Large enterprises are likely to hold a significant market share due to the need to protect sensitive data and critical infrastructure, as well as the complexity of their IT environments.
– The Asia Pacific region is anticipated to experience the highest growth in the threat-hunting market, driven by increasing cyberattacks, rapid digital transformation, and rising reliance on technology.
– Key companies in the Threat Hunting Market include IBM, Kaspersky, Capgemini, CrowdStrike, Trustwave, Verizon, SecureWorks, and others.
– MarketsandMarkets™ is a leading growth consulting and program management firm with expertise in emerging technologies and creating growth opportunities for progressive organizations.
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