With the emergence and long-term Impact of COVID-19, the Global Persistent Threat Detection System Market is to reach USD 22.59 Billion by 2029
Bizwit Research & Consulting LLP’s Recent Analysis on Global Persistent Threat Detection System Market is poised to raise up to USD 22.59 Billion by 2029. Advanced persistent threat detection systems are applications that safeguard against cyberattack in which a cybercriminal gains access to a corporate server by remaining unidentified for a longer amount of time. The Persistent Threat Detection System market is expanding because of factors such as growing use of cloud services for data storage and rising data security concerns within the aerospace and defense industry. Cybersecurity threats not only impede productivity levels, but also endanger critical IT infrastructure & sensitive documents of organizations. Its prevalence has progressively increased during the last few decades.
According to Statista, the worldwide public cloud computing market continues to grow and is expected to reach an estimated USD 490 billion in 2022. This encompasses business processes, platform, infrastructure, software, management, security, and advertising services delivered by public cloud services. Furthermore, in 2021, the software as a service (SaaS) market is estimated to be worth approximately USD 146 billion and estimated to reach USD 195 billion by 2023. Another important component driving space increasing data security concerns. As per Statista, in 2022, the number of data breach incidents in the United States accounts 1802 cases. Meanwhile, in the same year, over 422 million individuals were affected by data compromises, which included data breaches, data leakage, and data exposure.
In addition, between 2020 and 2021, there were almost 24 thousand cyber security incidents worldwide. The professional and public administration sectors were the most targeted with 3,566 and 2,792 reported incidents respectively. Also, growing demand for cybersecurity products and services and increasing cyber-attacks related to ransomware would create a lucrative growth prospectus for the market over the forecast period However, the high cost of Persistent Threat Detection System stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Persistent Threat Detection System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players and rising cyber security related technological advancement. According to the Statista, the United States Cybersecurity market is projected to reach USD 69.65 billion in 2023. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to Increased investment in R&D activities, resulting in the introduction of new technologies in the APT protection in the market space.
The global Persistent Threat Detection System Market is highly competitive owing to the presence of several key manufacturers such as Smith’s Group PLC, Safran S.A., FLIR Systems Inc., Thales S.A., Rapiscan Systems Inc., RAE Systems Inc., Chemring Group plc, and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Persistent Threat Detection System Market is anticipated to grow with a healthy growth rate of more than 1.5% over the forecast period 2022-2029.
- In the Application segment, Aerospace emerged as the leading market segment in 2021.
- North America is anticipated to drive regional growth owing to rising cyber security related technological advancement.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2022-2029.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- B-PTDS
- T-PTDS
- Other
By Application:
- Defense
- Aerospace
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
