According to a new report, published by KBV research, The Global Threat Modeling Tools Market size is expected to reach $1.8 billion by 2028, rising at a market growth of 14.6% CAGR during the forecast period.
The BFSI segment is showcasing a CAGR of 14.8% during (2022 - 2028). This is due to the financial service sector being the most significantly targeted sector by hackers. Hackers specifically target the sector where the money is by using ransomware and social engineering techniques like spear phishing. Financial institutions in this scenario need to prioritize security. Consequently, it is anticipated that the BFSI industry will see an increase in demand for threat modeling tools.
The Web-based segment acquired maximum revenue share in the Global Threat Modeling Tools Market by Platform in 2021 thereby, achieving a market value of $789.1 million by 2028. This is because of the constantly changing threat landscape creates new attack surfaces regularly, increasing the risk in systems, apps, cloud-based and on-premises deployment systems, IoT technologies, mobile networks, embedded networks, computing endpoints, and other areas. Organizations may stay current on the most recent danger scenarios via continuous threat modeling.
The Services segment has shown the growth rate of 15.4% during (2022 - 2028). This is due to the fact that threat modeling services assist businesses in implementing security by design into their projects and reducing cyber risks before they affect business’s applications. The threat modeling service evaluates and ranks vulnerabilities according to the risk they pose to the organization, identifies the best information security solutions that can be used to mitigate those risks, and makes recommendations for where to concentrate resources to offer the greatest level of security.
The Large Enterprises segment is leading the Global Threat Modeling Tools Market by Organization Size in 2021 thereby, achieving a market value of $1.3 billion by 2028. This is because large businesses deploy threat modeling across their whole infrastructure to provide accurate, usable data and maintain scalability. Large companies often employ the automated threat modeling technique known as Visual, Agile, and Simple Threat (VAST). Hence these factors are expected to propel the segment's growth in the projected period.
The North America market dominated the Global Threat Modeling Tools Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $671.4 million by 2028. The Europe market is exhibiting a CAGR of 13.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 15.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/threat-modeling-tools-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., IBM Corporation, Synopsys, Inc., Intel Corporation, Microsoft Corporation, Sparx Systems Pty. Ltd., Securonix, Inc., Varonis Systems, Inc., Coalfire Systems, Inc. (Apax Partners LLP), and Mandiant (Google LLC)
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