Insider Threat Protection Market Regional Analysis:
North American Market Insights
The insider threat protection market in the North America region is projected to hold the largest revenue share with about 30% during the forecast period. The necessity for data security, the growing popularity of Bring Your Own Device (BYOD) policies, and the expanding use of servers, PCs, and mobile devices are driving the insider threat prevention industry in North America. With more than 310 million smartphone users as of 2023, the US has one of the largest smartphone markets in the world. Because of the high rate of adoption of these devices and the presence of significant insider risk management providers in the area, the United States is anticipated to have the greatest share of the market over the projected period. Numerous significant industry participants, such as Palo Alto Networks, SentinelOne, and Broadcom, Inc., are well-represented in North America. These businesses provide a range of ITP solutions that assist businesses in implementing strong security measures to protect their systems, networks, and data from online threats.
APAC Market Insights
Insider threat protection market in Asia Pacific region is expected to hold second-largest revenue share of about 25% during the forecast period. The Bring Your Own Device (BYOD) movement has become increasingly popular in the area. Insider risk management solutions are also required in light of the expanding government measures to assist cybersecurity compliances and safeguard data from cyber threats. A legislative framework for the upkeep of national cybersecurity was established in Singapore in 2018 with the passage of the Cybersecurity Act (CSA). It monitors illegal activities including phishing, malware attacks, denial-of-service attacks, and hacking across 32 jurisdictions. During the projection period, such actions by regional governments will further propel the expansion of the regional market.
