- 14 January 2021 01:33
Global Malware Analysis Market Size to Expand At 31% CAGR Through 2027
Growing adoption of BYOD (bring your own device) practice, incorporation of Internet of Things (IoT) technology among firms along with rising number of targeted ransomware attacks are primarily driving the growth of global malware analysis market.
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For those uninitiated, malware analysis is referred to as procedure of determining functionality, origin, and the potential impact of a specific malware sample like backdoor, worm, rootkit, trojan horse, and virus. Malicious software or malware impairs the base operating system to steal confidential data from organizations, companies, or users.
Cybersecurity teams can assess and detect malware samples through the platform associated with malware analysis and eliminate it from the system to stop them from spreading further. Integration of these solutions in public or private organizations to keep watch on security alerts and avoid additional malware attacks is stimulating global malware analysis industry outlook.
The outbreak of COVID-19 pandemic has positively impacted global malware analysis market with widespread implementation of remote working policy, due to lockdown imposed, which further put an unforeseen stress on remote networking technologies, triggering operational technology (OT) security hazard over the vulnerable home network security.
Well-known firms in global malware analysis market sphere are McAfee Corp., Qualys Inc., Check Point Software Technologies Ltd., Fortinet, Kaspersky Lab, NortonLifeLock Inc. (formerly Symantec Corporation), Sophos Group Ltd., FireEye Inc., Palo Alto Networks Inc., and Cisco Systems Inc.
On the downside, the budget limitations in averting various malware attacks and usage of open-source and pirated antiviruses are likely to hamper global malware analysis industry remuneration over the forecast timespan.
Speaking of the geographical spectrum, top regions considered for worldwide malware analysis industry study are Asia Pacific, Europe, Latin America, North America, and Rest of the World. North America presently leads the overall market and is poised to witness substantial gains over the estimated timeframe, creditable to considerable number of vendors offering malware analysis services in the region, high usage of mobile & web applications, and rapid digitalization.
Meanwhile, Asia Pacific malware analysis industry is slated to grow substantially through 2027, on account of growing use of mobile data and favorable trend of BYOD among firms.
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