Increasing government initiatives is attributing to the growth of the market. Governments across several countries worldwide are taking initiatives to support the adoption of malware analysis tool by enterprises. For instance, in 2017, the Indian government launched its Cyber Swachhta Kendra, a Botnet Cleaning and Malware Analysis Centre. The center aims to detect botnet infections in the country, and avoid further infections by notifying, enable cleaning as well as securing systems of end-users. Also, In March 2019, a new EU “Cybersecurity Act” was approved by the European Parliament. The new regulation creates an EU cyber security certification framework. This framework is envisioned to escalate the transparency of the cyber security guarantee of ICT products, services as well as processes, and thus enhance trust and assist end-users to make well-informed choices. Another crucial reason for the framework is to evade the increase of contradictory or overlapping national certifications and thereby reduce costs. As per the regulation, the EC is authorized to adopt European cyber security certification schemes, set by ENISA, regarding particular groups of ICT products, services as well as processes. The schemes could cover, for instance, ICT products, services, and processes used in airplanes, cars, medical devices, power plants, as well as Internet-connected consumer devices.
In 2018, the Monetary Authority of Singapore (MAS) launched US$ 22 Mn cyber security capabilities grant to help the country’s financial institutions reinforce their cyber resilience as well as upskill local talent via cyber security-related training programs such as malware analysis, security operations, computer forensics, cyberthreats surveillance, and cyberthreats hunting. Such government initiatives are expected to bolster the growth of the malware analysis market
The implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. Analytics enable them to better apprehend and serve customers. Further, access to real-time information results in efficient decision-making. Automation of business operations facilitates them to escalate productivity. For instance, automotive manufacturers have revolutionized their manufacturing process with the use of robots; and airline companies have become proficient at pricing through real-time information of supply and demand. Furthermore, retail companies with robust digital capabilities have designed seamless omnichannel environments. Also, healthcare industry has modernized through electronic health records (EHR), digital tools which track patients’ vital signs, as well as virtual consultations between patients and doctors. However, with the increasing adoption of digital technologies such as IoT, Big Data, and AI, throughout business as well as society at large, the growing connectivity of everything has created challenges in terms of compliance, security, and data protection. Thus, addressing new malware trends is propelling the adoption of malware analysis tools.
Based on Component, the malware analysis market is segmented into solution and services. The solution segment held the largest market share in 2018.
Based on organization size, the malware analysis market is segmented into large enterprise and small & medium enterprises. The large enterprises segment held the largest market share in 2018.
Players operating in the malware analysis market are mainly focused on the development of advanced and efficient products.
The regional trends and factors influencing the Malware Analysis Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Malware Analysis Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 3.2 Billion |
| Market Size by 2027 | US$ 24.9 Billion |
| Global CAGR (2019 - 2027) | 29.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Malware Analysis Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Malware Analysis Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Malware Analysis Market
BFSI dominated the malware analysis market in 2018. BFSI organizations are more vulnerable to cyber-attacks due to huge financial and personal data of customers on systems. In this sector, a massive amount of sensitive data is generated and exchanged daily. With the growing volume of data, end-points are also increasing at a rapid pace and monitoring these end points poses a huge challenge for this sector.
In past few years, cybercrime in the APAC region has grown to be a greater risk as compared to other leading regions. This is majorly because of rapidly increasing connectivity and rushing pace of digital transformation in the region, resulting into sharpening concern for technological threats among the businesses.
Rapid adoption of digitalization among diverse industries, implementation of IoT, and high adoption of connected devices offers lucrative opportunities to the market players. Also, rising trend of BYOD is another significant market opportunity.