Insider Threat Protection Market Size, Share, Trends, Growth and Forecast 2032

Insider Threat Protection Market Insights

According to the report published by Zion Market Research, the global Insider Threat Protection Market size was valued at USD 4.14 Billion in 2023 and is predicted to reach USD 17.69 Billion by the end of 2032. The market is expected to grow with a CAGR of 17.5% during the forecast period. The report analyzes the global Insider Threat Protection Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Insider Threat Protection industry.

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Global Insider Threat Protection Market: Overview

Nowadays, most of the damaging threats of security are not from the cybercriminals, malware authors, hackers, or any other bad actors but instead they arise from the trustworthy insiders whether negligent or malicious who have access to systems as well as sensitive data. The organizations are mostly worried about inadvertent insider breaches (careless user causing accidental breach), a negligent data breach (user willfully ignoring policy, but not malicious), and malicious data breach (user willfully causing harm). Insider threat protection enables early detection of such attacks and remediates active threats as well as prevents any interruptions that may occur in the future.

Global Insider Threat Protection Market: Growth Factors

The rising emphasis of organizations and government on compliance and data privacy, the growing trend of digitization, and the growing automation sector are some of the key aspects that are boosting the growth of the global insider threat protection market. In addition to this, insider threat is a huge worry for security executives and it is been observed that threats that are been launched from inside of the organization or company are rising. Also, it’s been challenging to determine the insider threat as it is difficult to recognize whether a trustworthy employee with access to systems is involved in activities with malicious or negligent intentions. As per the survey, it is been found that 62 percent of the privileged IT users pose an insider security risk to companies followed by privileged business users, regular employees, and contractors.

Thus, to detect the attacks from insiders, there is a huge demand for insider threat protection thereby spurring the growth of the market. Moreover, finance departments, research & development, and customer/support success are the departments that are at higher risk of insider threats. Thus, companies are adopting insider threat protection at a rapid pace simultaneously contributing to the growth of the market. Additionally, lack of training or awareness among employees, insufficient data protection solution & strategies, and an increasing amount of sensitive data are the factors resulting in insider threats which in turn is fostering the growth of the global insider threat protection market. Furthermore, complex technology and the rising use of cloud apps & infrastructure may lead to great opportunities for the growth of the market during the forecast period. However, lack of budget, staff as well as lack of expertise may hamper the growth of the global market.

Strict lockdowns were imposed in most of the countries due to the outbreak of covid-19. Owing to this, the employees of the organizations started working from home. This has led to an increase in insider threats as most of the organizations are not prepared to monitor the insider threats that may occur due to weak passwords and huge dependence on unsecured networks. Most of the companies are using VPN to connect to the network to ensure security even with the user’s computer from remote places. Hence, there is substantial growth in the global insider threat protection market during the covid-19 pandemic and will continue to grow in the post-covid-19 era.

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Global Insider Threat Protection Market: Segmentation

The global insider threat protection market is bifurcated based on component, industry vertical, enterprise size, and region.

Based on the component segment, the market is divided into insider threat protection services, solutions, professional services, and managed services.

The industry vertical segment is bifurcated into BFSI, aerospace & defense, automotive, retail & E-commerce, IT & telecommunication, healthcare, and others.

The enterprise size segment is classified into large enterprises and small & medium enterprises

Insider Threat Protection Market: Report Scope

Global Insider Threat Protection Market: Regional Analysis

North America is expected to be one of the major players in the global insider threat protection market. Factors contributing to the growth of the insider threat protection market in this region include widespread digitalization across all industrial sectors and rapidly increasing adoption of insider threat protection security controls among mid-sized and large enterprises. On the other side, Europe and Asia Pacific regions are also anticipated to contribute a healthy share in terms of revenue in the global insider threat protection market.

Global Insider Threat Protection Market: Competitive Players

• CyberArk Software Ltd.
• Dell Technologies
• Digital Guardian
• Inside Out Security
• Fortinet, Sophos Ltd.
• Forcepoint
• Code42 Software, Inc.
• FireEye
• IBM Corporation

are some of the major players in the global insider threat protection market.

The Global Insider Threat Protection Market is segmented as follows:

By Component 

• insider threat protection services 
• solutions
• professional services
• managed services

By Industry vertical 

• BFSI
• aerospace & defense
• automotive 
• retail & E-commerce
• IT & telecommunication 
• healthcare 
• and others 

By Enterprise size 

• large enterprises 
• small & medium enterprises

Global Insider Threat Protection Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.