Cyber threat hunting is the process of searching across networks and endpoints to determine threats that evade security controls. The process is carried out using a combination of manual and machine-assisted techniques, and threat hunters search for indicators of compromise (IOCs) across an organization’s IT environments. Threat hunting allows security teams to identify unknown threats and respond in real-time and effectively to avoid any damage and disruption. Many organizations opt for threat hunting because of its benefits, such as enhancing speed and accuracy of response, reducing breaches and breach attempts, and providing a smaller attack surface with few attack vectors. The global cyber threat hunting service market is expected to grow at a CAGR of 23.4% during the forecast period.

Top Driver: Growing Cyber Threat Activities and Added Advantages

Growing cyber threats and evolution in information technology has encouraged organizations to adopt security and hunting solutions to protect confidential and crucial data. In addition, the benefits associated with cyber threat hunting services have also gained popularity. It helps proactively identify adversaries who have already breached the defenses and have established an evil presence in the enterprise network. Moreover, Cyberthreat Intelligence activities allow focusing the organization’s resources to achieve maximum effect, while threats are anticipated by the analyst using a threat-hunting approach. Thus, the following factors are anticipated to boost the adoption of cyber threat hunting services, thereby propelling the market.

Financial Service to Make Crucial Contribution to Growth of Global Cyber Threat Hunting Service Market

Among application segments of the global cyber threat hunting service market, Financial Service is predicted to show significant growth in future owing to the rising demand for security in the financial sector. The other major segments in the market include Retail and Manufacturing, Healthcare, Others. On the basis of type the market is segmented into Network Threat Analytics, Endpoint Threat Analytics, User Behavior Analytics, Application Threat Analytics.

    Rising Investments In Cyber Threat Hunting Service Benefit North America Market

North American countries such as the US are predicted to increase its investment in the cyber threat hunting services, which would help the industry in the forecast period. Furthermore, the surge in the adoption of the new technologies coupled with the rise in the data breaching would help the industry to propel and help in gaining significant shares in the next few years. Asia Pacific region is anticipated to gain highest CAGR due to the increase in the investment over the security in the near future.

Players to Focus on Cyber Threat Hunting Service Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. IBM, CapGemini, Kaspersky, Symantec, CB ThreatSight, CrowdStrike, Clearnetwork, CyberDefenses, Cybereason, HORNE Cyber, Hunters.AI, Ingalls MDR, Redscan, Paladion, and Infocyte among others could be at the forefront of the competition in the global market.

Fortinet: In October 2018, Fortinet had purchased threat analytics company ZoneFox to enable businesses to better leverage machine learning to detect anomalous behavior and respond to insider threats more quickly.

CrowdStrike Inc.: In February 2020, CrowdStrike Inc., a leader in cloud-delivered endpoint protection, announced that it has made available to partners new features built on the rich and expansive data of the CrowdStrike Falcon platform to enable them to more quickly and easily develop and deliver security applications and services to customers. The new offerings allow the growing global ecosystem of technology alliance partners.

Scope of the Report

By Type

• Network Threat Analytics
• Endpoint Threat Analytics
• User Behavior Analytics
• Application Threat Analytics

By Application

• Financial Service
• Retail and Manufacturing
• Healthcare
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.