Insider Threat Protection Market Analysis

Vertical (BFSI, IT & Telecom, Retail & E-Commerce, Healthcare & Life Sciences, Manufacturing, Government & Defense, Energy & Utilities)

Based on vertical, the BFSI segment in the insider threat protection market is anticipated to hold the largest revenue share of about 35% during the forecast period. Because the BFSI sector is in charge of holding significant amounts of vital data, businesses are always vulnerable to cyberattacks. Furthermore, the fact that financial institutions are spending a lot of money to provide digital services across a variety of channels is leading to the creation of new vulnerabilities. As per the 2020 VMware Carbon Black Threat Data report, there was a roughly 240% global increase in cyberattacks targeting the financial industry between February and April 2020. In order to safeguard apps and digital assets against fraud and manipulation, businesses in the BFSI industry are heavily integrating application security testing technologies and services.

Solution (Software, Services)

Based on solution, the software segment in the insider threat protection market is attributed to hold the largest revenue share of about 60% during the forecast period. The segment is growing as the best degree of protection features, including cloud-based endpoint detection, threat understanding and intelligence, behavioral protection, and a range of security analytics approaches, are offered by insider threat prevention software. For example, in April 2023, DTEX Systems—a provider of insider risk and threat management solutions—announced that one of the world's largest banks had chosen DTEX InTERCEPT, an insider risk management program, to increase regulatory compliance and enhance perceptibility into insider threat management. The bank will be able to improve insider risk management within the company with the help of this cybersecurity technology. During the projection period, the segment's growth would be further propelled by such innovations.

Our in-depth analysis of the global market includes the following segments: