Malware Analysis Market Growing at a CAGR 31.0% | Key Player Cisco Systems, Palo Alto Networks, Fireeye, Sophos, Symantec

Malware Analysis Market Growing at a CAGR 31.0% | Key Player Cisco Systems, Palo Alto Networks, Fireeye, Sophos, Symantec

FireEye (US), Cisco Systems Inc. (US), Palo Alto Networks, Inc. (US), Sophos Group (US), Symantec Corporation(US), Kaspersky Lab (Russia), Fortinet (US), Check Point Software Technologies (US), Qualys (US), McAfee (US), Trend Micro (Japan), AT&T Inc. (US), Juniper Networks (US), Crowdstrike (US), VIPRE (J2 Global) (US), Lastline (US), Intezer (Israel),
Malware Analysis Market by Component (Solution (Static Analysis and Dynamic Analysis) and Services), Organization Size (SMEs and Large Enterprises), Deployment (Cloud and On-premises), Vertical, and Region – Global Forecast to 2024

The global Malware Analysis Market size is projected to grow from USD 3.0 billion in 2019 to USD 11.7 billion by 2024, at a CAGR of 31.0% during the forecast period. The major factors driving the market include the need to manage the upcoming regulations and compliances.

Based on organization size, the large enterprise segment is estimated to lead the market in 2019.

Large enterprises are defined as business entities employing over 1,000 employees. Cyber-attacks are faced by large organizations, as well. Malware attackers are playing a long hand in large enterprises to steal large sums of money, and often, these attacks happen over a long period. In 2017, the NotPetya cyber-attack spread from Ukraine and severely affected the Danish company A.P. Møller-Mærsk, the world’s largest container shipping company, creating a loss of USD 200-300 million. NotPetya ransomware attack created damages which were estimated well over USD 10 billion.

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As large enterprises are spread across many countries and several units, they require a central approach to analyze all the malware threats and to avoid any error that might occur through manual intervention. Malware analysis and detection solutions are the appropriate solutions that can orchestrate all the processes and solutions and offer a combined effort of man and machine to remediate the threats.

The vendors covered in the malware analysis market report include Cisco Systems. Inc (US), Palo Alto Networks (US), FireEye (US), Sophos Group (US), Symantec Corporation (US), Kaspersky Lab (Russia), Fortinet (US), Check Point Software Technologies (Israel), Qualys (US), McAfee (US), Trend Micro Incorporated (Japan), AT&T Inc (US), Juniper Networks (US), Crowdstrike (US), Viper (J2 Global) (US), Lastline (US), Intezer (US), Proofpoint (US), VMRay (Germany), Fidelis Security (US), Cylance (US), Malwarebytes (US), Joe Security (Switzerland), and Forcepoint (US). These players have adopted various growth strategies, such as partnerships, agreements & collaborations, new product launches & product enhancements, and acquisitions to expand their presence in the malware analysis market. Partnerships, agreements & collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2019 to innovate their offerings and broaden their customer base.

Cisco is the leading vendor of malware analysis solutions. The company designs, manufactures, verifies, and sells integrated products & services that have been powering the Internet since 1984. It also offers Internet Protocol (IP)-based networking, security, cybersecurity products, and services. It has grouped its products & technologies into various categories, such as Infrastructure Platforms; Applications; Security, and Other Products. Cisco’s Advanced Malware Protection (AMP) ensures breach prevention, continuous monitoring, and malware detection & removal. The company is mostly focused on inorganic growth strategies, such as new partnerships and acquisitions, to strengthen its innovative product portfolio.

  • In April 2019, Cisco and the DICT partnered to improve information and intelligence sharing on cybersecurity threats in the Philippines. Cisco acquired Duo Security to strengthen its networking and security portfolio. Duo Security offers a secure connection to all applications based on the trustworthiness of users and devices. Cisco can now address complex challenges, such as securing critical data in transit.

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Palo Alto Networks is another top player in the malware analysis market. Palo Alto Networks is a pioneer provider of network security solutions that enable the company’s clients to safely run applications on their networks and prevent any security breach or targeted cyberattack. The company’s broad range of solutions provides security across network, endpoint, and cloud. Its next-generation security platform consists of three major elements, namely, Next-Generation Firewall (NGFW), advanced endpoint protection, and threat intelligence cloud. Palo Alto’s malware analysis service, WildFire, identifies unknown threats from the network, endpoint, cloud, and third-party partners using shared data and threat intelligence from the industry’s largest enterprise malware analysis community. The company offers support and maintenance, and professional services, which include planning, designing, and deploying effective security solutions. The company concentrates on providing innovative products to enable its end clients to expand their business models and revenue streams. In the coming years, the company plans to accelerate its pace of innovation further, increase the value of the network, and deliver the right solutions to its customers.

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