“Advanced persistent threat protection market is concerned with the prevention, detection, and mitigation of sophisticated threats such as zero-day vulnerabililties and other advanced threats. These advanced threats can easilty evade traditional network security leaving enterprise networks at huge risks to the theft of valuable intellectual properties. Hence, enterprises are rapidly adopting the multi-layered advanced threat portection solution such as Security Information and Event Management (SIEM), Intrusion Detection System (IDS)/Intrusion prevention System (IPS), sandboxing, forensics analysis, endpoint protection, next generation firewall, and others.
The main drivers of the advanced persistent threat protection market are rise in number of sophisticated attacks and strict government regualtions for cybersecurity which is pushing enterprises to adopt advanced persistent threat solutions to protect their network againt such targeted and zero-day threats. With the advancement in security technology and emergence of multi-layered threat intelligence solutions, the market is expected to witness huge opportunity to grow in the next five years.
The advanced persistent threat protection market comprises key players such as Symantec, Trend Micro, FireEye, Fortinet, Intel Security, and Blue Coat Systems. These players adopted key business strategies such as new product developments, global expansions, mergers, partnerships and acquisitions to retain their market share and cater to the needs of the end users such as Small and Medium Businesses (SMBs) and large enterprises.
It expects the advanced persistent threat protection market size to grow from USD 3.9 billion in 2015 to USD 8.7 billion by 2020, at an estimated CAGR of 17.0% from 2015 to 2020. The government and defense sector is expected to account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely, Banking, Financial Services and Insurance (BFSI) and healthcare, which are also expected to witness significant growth in this period.
