The insider risk management market revenue totaled US$ 2,223.5 Million in 2022. The insider risk management market is expected to reach US$ 7,241.9 Million by 2032, growing at a CAGR of 12.5% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Estimated year (2022) Market Value | US$ 2,223.5 Million |
| Projected year (2032) Market Value | US$ 7,241.9 Million |
| CAGR% (2022 to 2032) | 12.5% |
| Top 5 Vendor Market Share | Around 35% |
The insider risk management market currently represents nearly 18% market share in the overall risk management market. Insider threats and external cyberattacks are both serious issues. Organizations are nowadays financing more in technology, manpower, and training to combat these dangers. Thus insider risk management is certainly required for businesses to safeguard against conventional threats that come from outside the environment, such as ransomware and malware.
Software for managing insider risks helps firms prevent the theft of corporate information. Insider threat management and insider threat detection are other names for insider risk management. Data security platforms, a type of data security solution that tries to unify a collection of traditionally siloed security solutions, are being developed by a number of providers. The majority of data security platforms will have tools for finding and preventing data on-site and in the cloud. Without setting up any insider risk plans or procedures, users using insider risk analytics can evaluate potential insider risks in different organizations. Thus, the market demand will be driven by the benefits provided by insider risk management software solutions.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Numerous manufacturers provide advanced insider risk management software. This software connects with several signals to detect insider risks comprising data leakage, IP theft, and security violations that may be intentional or unintentional. Consumers can produce policies to manage security and compliance through insider risk management. Users are pseudonymized by default, and audit logs and role-based access controls are in place to ensure user-level privacy because the system was built with privacy in mind.
Insider risk management tools offer insider risk management workflow which permits users to detect, investigate, and take action to address internal threats in the organization. With focused policy templates, case management Software, and alert tools, users can utilize actionable insights to rapidly detect and act on risk behavior.
The insider risk management market demand is expected to increase at 12.5% CAGR between 2022 and 2032 in comparison with the 10.4% CAGR registered from 2017 to 2021. Greater and more access to manage, control, and exchange data across many platforms and services is given to employees. In order to detect and mitigate overall business risks while still adhering to legal obligations and employee privacy standards, organizations frequently lack the tools and resources necessary. These risks could include harmful information leaks to the outside world and information theft by departing staff.
A program for preventing insider threats includes thorough reporting, monitoring, and scoring systems. This makes it easier for user security and forensic personnel to identify, monitor, and manage various insider threat types. Continuous risk grading is carried out by different suppliers based on recent and historical behavior. Real-time risk-prioritized notifications for incident analysis may result from it. Additionally, these dynamic risk assessments can trigger an automatic risk response workflow. Therefore, the advantages offered by insider risk management are expected to drive the market demand.
Principal Consultant
Managing and lowering risk in organizations starts with understanding the kind of risks found in the modern workplace. Some risks are operated by external events and user activities that can be avoided and lowered. Insider risk management policies are utilized in financial services which are built utilizing pre-defined policy standards that identify which triggering risk and events indicators in financial services are examined. These conditions comprise who is covered by the policy, how risk indicators are utilized for alerts, which services are prioritized, and the time span of the monitoring.
Insider risk management is utilized in the finance industry to protect financial institutions from leaks of important data and data spillage, intellectual property theft, fraud, regulatory compliance violations, confidentiality violations, insider trading, etc. Thus, the benefits offered by insider risk management in the finance industry are expected to drive market demand.
North America region is dominating the worldwide market with a share of around 32.9% in the year 2021. Moreover, South Asia and the Pacific region are expected to register strong growth in the market, exhibiting a CAGR of around 22.5% during the forecast period.
Moreover, Europe is estimated to be the second fastest-growing region in the insider risk management market. This region is predicted to grow with a market share of around 20.7% during the forecast period. In the Europe region hospitals, pharma, and biotech firm’s companies are entrusted to prevent sensitive details, comprising valuable proprietary research, personal patient data, etc., for protecting the data insider risk management software is required in the healthcare industry this factor is expected to drive the market demand.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Increasing usage of insider risk management solutions in the manufacturing sector is expected to drive market demand. The manufacturing industry reported the largest number of insider attacks among companies in the critical infrastructure sector. Thus, the increasing insider attacks drive the insider risk management solution demand in India. Due to these factors, sales in India are predicted to increase at the CAGR of 24.1% during the predicted period 2022 to 32.
Insider risk management solution is highly used in Germany in the financial services, manufacturing, and healthcare sector industry to protect important data and lower internal risk by identifying, acting, and investigating malicious activities inside the organization. Thus, the benefits offered by
insider risk management are anticipated to drive the market demand. According to the analysis, the nation held close to 12.5% of the market share for the region of Europe in 2021.
In the market for insider risk management, the USA held a 23.4% share of the North American market in 2021. The presence of major vendors like Microsoft, Splunk Inc., Forcepoint, etc. is expected to drive the market demand. The benefits offered by the insider risk management solution to monitor user activity in real-time, streamline audits and investigation, and protects the workforce is expected to drive the market demand. It is highly used in the financial services industry to protect the data this factor is contributing to the market growth.
Insider risk management software is installed on the on-premises of organizations to protect important data against malicious activities. Insider risk management helps organizations protect, identify, and contain risks. Thus, the insider risk management solution is highly installed in the on-premises segment and is expected to drive the market demand. As a result, the on-premises accounted for 68.0% market share of the solution segment in 2021.
Large enterprises utilize insider risk management to protect important data from insider attacks and data breaches. Insider risk management policies are produced utilizing predefined policies and templates that define what activating events and risk indicators are inspected in large enterprises. Thus, the growing usage of insider risk management in large enterprises is expected to drive market demand. The large enterprise segment held a 62.7% market share of the enterprise size segment in 2021.
The financial industry is the major target for hackers and ransomware attacks, the finance industry is therefore utilizing insider risk management solutions to prevent their critical data from inside attacks. Thus, the advantages offered by the insider risk management solution are expected to drive segment growth. As per the analysis, the finance segment is expected to grow at a CAGR of 17.3% during the forecast period from 2022 to 2032.
Insider risk management market major vendors are concentrating on strategic partnerships with other crucial players to develop technologically advanced insider risk management solutions for several applications to serve their consumers.
| Attribute | Details |
|---|---|
| Market value in 2022 | US$ 2,223.5 Million |
| Market CAGR 2022 to 2032 | 12.5% |
| Share of top 5 players | Around 35% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa, and South Africa |
| Key Segments Covered | The solution, Enterprise Size, Industry, and Region |
| Key Companies Profiled | Darktrace; Microsoft; Splunk Inc.; Forcepoint; Varonis; Teramind Inc.; Exabeam; Proofpoint; Elevate Security; Cyberhaven; Ekran System; GURUCUL; Clearspeed; DTEX Systems Inc.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
South Asia and the Pacific are projected to register strong growth in the market, exhibiting a CAGR of nearly 22.5% during the forecast period. However, North America was leading the global market with a share of around 32.9% in 2021.
Key trends in the market include: • Increased vendor integration and shift towards hybrid or remote workforce to ensure secure work practices and data protection. • Ability to detect threats like (IP theft, data leakage, and security violations) such a feature is expected to drive the market demand
On-premises insider risk management software segment is expected to dominate the market over the forecast period, generating maximum revenue, among all solution segments, in the year 2022.
The insider risk management market was valued at US$ 2,005.0 Million in 2021 and is estimated to grow at a substantial pace with a CAGR of 12.5% to reach US$ 7,241.9 Million in 2032.
The large enterprise segment is expected to dominate the market over the forecast period, generating maximum revenue, among all enterprise sizes, in the year 2022.
The market in the last 5 years (2017 to 2021) grew by a CAGR of 10.4%.
Increasing demand for insider risk management software in the finance industry is expected to drive the growth of the market
East Asia is predicted to remain one of the most attractive markets during the forecast period 2022 to 2032. According to Future Market Insights, China accounted for nearly 7.5% market share of East Asia in 2021.
The global market growth between 2021 and 2022 is around 10.9%.
The top 5 countries driving demand for insider risk management include the USA, Germany, the United Kingdom, India, and Japan.
Europe is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, Germany is expected to account for 12.5% of the Europe market in 2021.
The insider risk management demand in China and Japan is projected to register CAGR of around 19.2% and 21.9% respectively between 2022 and 2032.
Some of the leading companies in this landscape are Darktrace, Microsoft, Splunk Inc., Forcepoint, Varonis, and GURUCUL, among others. As per Future Market Insights, nearly 35% of the market share is currently covered by the top players.
1. Executive Summary | Insider Risk Management Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, by Solution
4.2. Global Average Pricing Analysis Benchmark
5. COVID-19 Impact Analysis
5.1. Impact of COVID-19 on Market Growth
5.2. Pre-COVID-19 Market Growth (2017 to 2019)
5.3. Expected Recovery Scenario (Short Term/Mid Term/Long Term)
5.4. Key Action Points for Market Vendors
6. Global Market Demand (in Value in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
6.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.2. Forecast Factors - Relevance & Impact
7.3. Value Chain
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunities
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Solution, 2017 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Solution, 2022 to 2032
8.3.1. Cloud-Based Software
8.3.2. On-Premises Software
8.4. Market Attractiveness Analysis By Solution
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Enterprise Size, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Enterprise Size, 2022 to 2032
9.3.1. Small and Mid-Sized Enterprises (SMEs)
9.3.2. Large Enterprises
9.4. Market Attractiveness Analysis By Enterprise Size
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Industry, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2022 to 2032
10.3.1. Finance
10.3.2. Healthcare
10.3.3. Government
10.3.4. Education
10.3.5. Manufacturing
10.3.6. Others
10.4. Market Attractiveness Analysis By Industry
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Region, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2022 to 2032
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia & Pacific
11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.3.1. By Solution
12.3.2. By Enterprise Size
12.3.3. By Industry
12.3.4. By Country
12.3.4.1. USA
12.3.4.2. Canada
12.4. Market Attractiveness Analysis
12.4.1. By Solution
12.4.2. By Enterprise Size
12.4.3. By Industry
12.4.4. By Country
12.5. Market Trends
13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.3.1. By Solution
13.3.2. By Enterprise Size
13.3.3. By Industry
13.3.4. By Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America
13.4. Market Attractiveness Analysis
13.4.1. By Solution
13.4.2. By Enterprise Size
13.4.3. By Industry
13.4.4. By Country
13.5. Market Trends
14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
14.3.1. By Solution
14.3.2. By Enterprise Size
14.3.3. By Industry
14.3.4. By Country
14.3.4.1. Germany
14.3.4.2. Italy
14.3.4.3. France
14.3.4.4. United Kingdom
14.3.4.5. Spain
14.3.4.6. BENELUX
14.3.4.7. Russia
14.3.4.8. Rest of Europe
14.4. Market Attractiveness Analysis
14.4.1. By Solution
14.4.2. By Enterprise Size
14.4.3. By Industry
14.4.4. By Country
14.5. Market Trends
15. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
15.3.1. By Solution
15.3.2. By Enterprise Size
15.3.3. By Industry
15.3.4. By Country
15.3.4.1. India
15.3.4.2. Indonesia
15.3.4.3. Malaysia
15.3.4.4. Singapore
15.3.4.5. Australia & New Zealand
15.3.4.6. Rest of South Asia and Pacific
15.4. Market Attractiveness Analysis
15.4.1. By Solution
15.4.2. By Enterprise Size
15.4.3. By Industry
15.4.4. By Country
15.5. Market Trends
16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
16.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
16.3.1. By Solution
16.3.2. By Enterprise Size
16.3.3. By Industry
16.3.4. By Country
16.3.4.1. China
16.3.4.2. Japan
16.3.4.3. South Korea
16.4. Market Attractiveness Analysis
16.4.1. By Solution
16.4.2. By Enterprise Size
16.4.3. By Industry
16.4.4. By Country
16.5. Market Trends
17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
17.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
17.3.1. By Solution
17.3.2. By Enterprise Size
17.3.3. By Industry
17.3.4. By Country
17.3.4.1. GCC Countries
17.3.4.2. Turkey
17.3.4.3. South Africa
17.3.4.4. Rest of Middle East and Africa
17.4. Market Attractiveness Analysis
17.4.1. By Solution
17.4.2. By Enterprise Size
17.4.3. By Industry
17.4.4. By Country
17.5. Market Trends
18. Key Countries Analysis- Market
18.1. USA Market Analysis
18.1.1. By Solution
18.1.2. By Enterprise Size
18.1.3. By Industry
18.2. Canada Market Analysis
18.2.1. By Solution
18.2.2. By Enterprise Size
18.2.3. By Industry
18.3. Mexico Market Analysis
18.3.1. By Solution
18.3.2. By Enterprise Size
18.3.3. By Industry
18.4. Brazil Market Analysis
18.4.1. By Solution
18.4.2. By Enterprise Size
18.4.3. By Industry
18.5. Germany Market Analysis
18.5.1. By Solution
18.5.2. By Enterprise Size
18.5.3. By Industry
18.6. Italy Market Analysis
18.6.1. By Solution
18.6.2. By Enterprise Size
18.6.3. By Industry
18.7. France Market Analysis
18.7.1. By Solution
18.7.2. By Enterprise Size
18.7.3. By Industry
18.8. United Kingdom Market Analysis
18.8.1. By Solution
18.8.2. By Enterprise Size
18.8.3. By Industry
18.9. Spain Market Analysis
18.9.1. By Solution
18.9.2. By Enterprise Size
18.9.3. By Industry
18.10. BENELUX Market Analysis
18.10.1. By Solution
18.10.2. By Enterprise Size
18.10.3. By Industry
18.11. Russia Market Analysis
18.11.1. By Solution
18.11.2. By Enterprise Size
18.11.3. By Industry
18.12. Rest of Europe Market Analysis
18.12.1. By Solution
18.12.2. By Enterprise Size
18.12.3. By Industry
18.13. China Market Analysis
18.13.1. By Solution
18.13.2. By Enterprise Size
18.13.3. By Industry
18.14. Japan Market Analysis
18.14.1. By Solution
18.14.2. By Enterprise Size
18.14.3. By Industry
18.15. South Korea Market Analysis
18.15.1. By Solution
18.15.2. By Enterprise Size
18.15.3. By Industry
18.16. India Market Analysis
18.16.1. By Solution
18.16.2. By Enterprise Size
18.16.3. By Industry
18.17. Malaysia Market Analysis
18.17.1. By Solution
18.17.2. By Enterprise Size
18.17.3. By Industry
18.18. Indonesia Market Analysis
18.18.1. By Solution
18.18.2. By Enterprise Size
18.18.3. By Industry
18.19. Singapore Market Analysis
18.19.1. By Solution
18.19.2. By Enterprise Size
18.19.3. By Industry
18.20. Australia and New Zealand Market Analysis
18.20.1. By Solution
18.20.2. By Enterprise Size
18.20.3. By Industry
18.21. Rest of South Asia and Pacific Market Analysis
18.21.1. By Solution
18.21.2. By Enterprise Size
18.21.3. By Industry
18.22. GCC Countries Market Analysis
18.22.1. By Solution
18.22.2. By Enterprise Size
18.22.3. By Industry
18.23. Turkey Market Analysis
18.23.1. By Solution
18.23.2. By Enterprise Size
18.23.3. By Industry
18.24. South Africa Market Analysis
18.24.1. By Solution
18.24.2. By Enterprise Size
18.24.3. By Industry
18.25. Rest of the Middle East and Africa Market Analysis
18.25.1. By Solution
18.25.2. By Enterprise Size
18.25.3. By Industry
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Share Analysis of Top Players
19.3. Market Presence Analysis, Regional footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Deep Dive
20.2.1. Darktrace
20.2.1.1. Business Overview
20.2.1.2. Product Portfolio
20.2.1.3. Profitability by Market Segments (Business Segments/Region)
20.2.1.4. Sales Footprint
20.2.1.5. Strategy Overview
20.2.2. Microsoft
20.2.2.1. Business Overview
20.2.2.2. Product Portfolio
20.2.2.3. Profitability by Market Segments (Business Segments/Region)
20.2.2.4. Sales Footprint
20.2.2.5. Strategy Overview
20.2.3. Splunk Inc.
20.2.3.1. Business Overview
20.2.3.2. Product Portfolio
20.2.3.3. Profitability by Market Segments (Business Segments/Region)
20.2.3.4. Sales Footprint
20.2.3.5. Strategy Overview
20.2.4. Forcepoint
20.2.4.1. Business Overview
20.2.4.2. Product Portfolio
20.2.4.3. Profitability by Market Segments (Business Segments/Region)
20.2.4.4. Sales Footprint
20.2.4.5. Strategy Overview
20.2.5. Varonis
20.2.5.1. Business Overview
20.2.5.2. Product Portfolio
20.2.5.3. Profitability by Market Segments (Business Segments/Region)
20.2.5.4. Sales Footprint
20.2.5.5. Strategy Overview
20.2.6. Teramind Inc.
20.2.6.1. Business Overview
20.2.6.2. Product Portfolio
20.2.6.3. Profitability by Market Segments (Business Segments/Region)
20.2.6.4. Sales Footprint
20.2.6.5. Strategy Overview
20.2.7. Exabeam
20.2.7.1. Business Overview
20.2.7.2. Product Portfolio
20.2.7.3. Profitability by Market Segments (Business Segments/Region)
20.2.7.4. Sales Footprint
20.2.7.5. Strategy Overview
20.2.8. Proofpoint
20.2.8.1. Business Overview
20.2.8.2. Product Portfolio
20.2.8.3. Profitability by Market Segments (Business Segments/Region)
20.2.8.4. Sales Footprint
20.2.8.5. Strategy Overview
20.2.9. Elevate Security
20.2.9.1. Business Overview
20.2.9.2. Product Portfolio
20.2.9.3. Profitability by Market Segments (Business Segments/Region)
20.2.9.4. Sales Footprint
20.2.9.5. Strategy Overview
20.2.10. Cyberhaven
20.2.10.1. Business Overview
20.2.10.2. Product Portfolio
20.2.10.3. Profitability by Market Segments (Business Segments/Region)
20.2.10.4. Sales Footprint
20.2.10.5. Strategy Overview
20.2.11. Ekran System
20.2.11.1. Business Overview
20.2.11.2. Product Portfolio
20.2.11.3. Profitability by Market Segments (Business Segments/Region)
20.2.11.4. Sales Footprint
20.2.11.5. Strategy Overview
20.2.12. GURUCUL
20.2.12.1. Business Overview
20.2.12.2. Product Portfolio
20.2.12.3. Profitability by Market Segments (Business Segments/Region)
20.2.12.4. Sales Footprint
20.2.12.5. Strategy Overview
20.2.13. Clear speed
20.2.13.1. Business Overview
20.2.13.2. Product Portfolio
20.2.13.3. Profitability by Market Segments (Business Segments/Region)
20.2.13.4. Sales Footprint
20.2.13.5. Strategy Overview
20.2.14. DTEX Systems Inc.
20.2.14.1. Business Overview
20.2.14.2. Product Portfolio
20.2.14.3. Profitability by Market Segments (Business Segments/Region)
20.2.14.4. Sales Footprint
20.2.14.5. Strategy Overview
20.2.15. Others
21. Assumptions and Acronyms Used
22. Research Methodology
Explore Technology Insights
View Reports
Insider Risk Management Market
