August 14, 2020
According to the research report titled ‘Malware Analysis Market to 2027 - Global Analysis and Forecasts By Component ; Organizational Size; Deployment; Industry Vertical available with market Study Report LLC, global malware analysis market was valued at USD 2.55 billion in the year 2018 and is projected to register a healthy 29.2% CAGR over the study duration, subsequently accounting for USD 24.90 billion by 2027.
As per industry experts, increased pervasiveness of cyber-attacks has resulted in high investments by organizations towards cyber-security solutions, which in turn is driving the growth of global malware analysis market. Rising sophistication and improvement in cyber-attack strategies, increased digitization, and escalating vulnerabilities are also boosting product demand.
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Furthermore, hackers have acquired bigger targets due to the widespread adoption of mobile and remote work platforms and evolution of trends such as BYOD (Bring-Your-Own-Device), thereby compelling the organizations to strategically shift to cloud computing solutions. This has triggered the deployment of innovative security protocols such as mobile defense, email archiving solutions, URL defense, and encryption, which is poised to enhance the demand in approaching years.
Notably, malware classification from industry and academia is gaining significant recognition in DL (deep learning) and ML (machine learning) applications. ML malware is anticipated to become more accessible, primarily because of its dependency on cloud-based systems as well as Big Data processing, among which the former is comparatively cheaper and easily accessible.
Based on the component type, global malware analysis market is divided into service and solution. With regards to the organizational size, the market is segmented into large enterprises and SMEs. Elaborating on the deployment type, the market comprises of cloud-based and on-premises deployment.
Speaking of the application spectrum, malware analysis covers various industry verticals including manufacturing, IT & telecommunication, healthcare, government, BFSI and others.
As per the regional analysis, North America accounted for a majority of the market share in the year 2018 and is expected to register similar growth in the ensuing years, owing to the rise in number of ransomware attacks, predominantly in the U.S. Meanwhile, Europe and Asia-Pacific acquired second and third position respectively.
The major companies operating in global malware analysis market are Trend Micro Inc., Qualys, Inc., Palo Alto Networks, Inc., Fortinet, Inc., FireEye, Inc., CrowdStrike Holdings, Inc., Cisco Systems, Inc., Broadcom Inc., Kaspersky Lab, and AT&T Inc. among others.