Insider Threat Protection Market

Insider Threat Protection Market Outlook from 2023 to 2033

The global insider threat protection market reached USD 4,094.6 million in 2023. The market is expected to attain a value of USD 21,401.9 million, expanding at a CAGR of 18.1% by 2033.

Attributes	Key Insights
Base Value (2022)	USD 3,500.0 million
Estimated Global Insider Threat Protection Market Size (2023E)	USD 4,094.6 million
Projected Insider Threat Protection Market Value (2033F)	USD 21,401.9 million
Value-based CAGR (2023 to 2033)	18.1%

The insider threat protection market is expected to surge due to significant efforts by governments and enterprises to create comprehensive threat intelligence solutions. Organizations are implementing data access control measures to keep sensitive data safe from unauthorized exposure, such as creating a security culture and employee screening.

They are implementing several safeguards to reduce the danger of authorized entities accessing sensitive information. These elements are expected to support the market expansion for insider threat projection throughout the projected period.

The popularity of remote working is increasing the risk of malware assaults and data breaches in several organizations. The possibility of company data being compromised due to device theft, loss, or hacking is raising concerns about data security. By offering security capabilities, including historical visibility of memory, disks, and devices, insider risk management solutions are set to assist in addressing these cybersecurity problems.

Regulations in several industrial verticals specify how data must be managed and safeguarded. The need for insider threat protection is increasing because of the ability of insider risk management solutions to assist firms in meeting these obligations and guaranteeing compliance. Machine learning (ML) and artificial intelligence (AI) are new technologies that are expected to help companies better defend against insider threats.

Key Drivers for the Insider Threat Protection Market

• Maintenance of productivity and service continuity for smooth business operations.
• Financial risk mitigation to protect the organization's bottom line and financial stability.
• Artificial intelligence (AI) and machine learning (ML) technologies are increasingly integrated into insider threat security systems. These technologies allow for spotting odd user patterns and behaviors, thereby improving an organization's ability to identify possible insider threats.
• Employee devices and other endpoints are common places for insider threats to start.
• Endpoint security solutions are becoming increasingly popular as they offer an additional defense against insider risks, illegal access, and data espionage.

Key Challenges for the Insider Threat Protection Market

• Remote work amplifies the difficulty in securing organizational data.
• Organizations with outdated systems are prone to potential insider threats.

Growth Opportunities for Insider Threat Protection Market

• Leveraging employee education evolution for enhanced security awareness.
• Integration of cybersecurity frameworks.
• Advancements for continuous monitoring for real-time risk assessment.

Insider Threat Protection Market Trends

• Insider threat protection is witnessing a surge in the adoption of behavioral analytics, leveraging advanced algorithms to detect anomalies in employee behavior and enabling proactive identification of potential insider threats.
• Organizations are increasingly incorporating AI and ML into insider threat protection solutions, empowering systems to learn & adapt, enhance anomaly detection, and mitigate risks with greater accuracy and efficiency.

2018 to 2022 Insider Threat Protection Growth Outlook Vs. 2023 to 2033 Forecast

The insider threat protection market underwent a noteworthy transformation from 2018 to 2022, witnessing a substantial increase in market value. In 2018, the market stood at USD 1,993.1 million.

From 2018 to 2022, organizations globally have become more aware of the risks associated with insider threats, leading to a growing demand for insider threat protection solutions. Implementing and enforcing data protection regulations, such as GDPR, have driven organizations to invest in solutions to ensure compliance and protect sensitive information.

The evolving nature of cyber threats and the adoption of advanced technologies have influenced the demand for more sophisticated insider threat protection solutions. The surge in remote work during the COVID-19 pandemic has heightened the need for solutions to address insider threats in distributed and virtual work environments.

Companies began creating official insider threat policies and strategies to deal with workers' careless and malevolent behavior. These programs frequently included user activity monitoring, background checks, and personnel training.

Future Forecast for the Insider Threat Protection Market

The global insider threat protection market is expected to rise at a CAGR of 18.1% from 2023 to 2033. The market size is expected to reach USD 21,401.9 million by 2033.

The insider threat protection market appears promising, driven by a dynamic cybersecurity landscape and growing awareness of the potential hazards posed by individuals within companies. As companies prioritize data security and privacy, the demand for advanced insider threat prevention solutions is expected to surge.

Artificial intelligence, machine learning, and behavioral analytics are likely to play a vital role in strengthening the capabilities of insider threat defense methods. The global expansion of the insider threat protection ecosystem is also anticipated, further underlining its significance in the evolving landscape of business technology solutions.

Semi-annual Market Update

The table presents the expected CAGR for the insider threat protection market over several semi-annual periods spanning from 2022 to 2033. In the first half (H1) of the decade from 2022 to 2032, the field is estimated to surge at a CAGR of 16.0%, followed by a slightly higher growth rate of 16.4% in the second half (H2) of the same decade. Moving into the subsequent period, from H1 2023 to H2 2033, the CAGR is projected to remain high at 18.1% in the first half and surge to 18.5% in the second half.

Semi-annual Insights

Particular	Value CAGR
H1	16.0% (2022 to 2032)
H2	16.4% (2022 to 2032)
H1	18.1% (2023 to 2033)
H2	18.5% (2023 to 2033)

Country-wise Insights

The table below shows the estimated growth rates of the top five countries. China, Japan, and Germany are set to record high CAGRs of 24.8%, 22.5%, and 19.7%, respectively, through 2033.

Country	Value CAGR
United States	19.0%
China	24.8%
Japan	22.5%
Germany	19.7%
India	21.2%

Technological Advancements and Regulatory Imperatives Uplift the United States

The insider threat protection market in the United States is set to rise at a CAGR of 19.0% from 2023 to 2033. The main factors supporting the market’s growth are:

• To protect sensitive data, government departments and agencies in the United States frequently give insider threat defense the top priority. The public sector's adoption of solutions is influenced by government initiatives and policies.
• Insider threat prevention solutions in the United States are equipped with cutting-edge technology such as machine learning, artificial intelligence, and behavior analytics to improve detection capabilities.
• As a result of growing awareness of the possible risks posed by insider threats, organizations are investing more in preventive measures and implementing insider threat prevention systems.

Cultivating Cybersecurity Resilience Boosts Market Growth in Japan

Japan’s insider threat protection market is estimated to rise at a CAGR of 22.5% over the forecast period. Top factors supporting the market’s expansion in the country include:

• With a growing reliance on digital infrastructure and technology, companies in Japan are actively implementing measures to safeguard sensitive data and intellectual property from insider threats.
• Japan's unique cultural and business environment emphasizes trust and loyalty, making it essential for organizations to strike a balance between fostering a positive workplace culture and implementing robust security protocols.
• As Japan advances technologically, the proactive approach to insider threat prevention underscores the importance of aligning cybersecurity strategies with the country's unique business and cultural landscape.

Germany Introduces Robust Strategies amid Cybersecurity Sophistication

The insider threat protection market in Germany is estimated to record a CAGR of 19.7% through 2033. The primary factors bolstering the market size are:

• The country's strong emphasis on data protection and privacy, exemplified by the General Data Protection Regulation (GDPR), underscores the importance of robust insider threat mitigation strategies.
• Germany-based companies often prioritize a comprehensive approach that combines advanced technological solutions with stringent policies and employee training programs.

Rising Cybersecurity Concerns in India to Gain Traction Through 2033

India is estimated to rise at a CAGR of 21.2%. Key factors influencing the market include:

• With a burgeoning IT sector and a growing emphasis on digital transformation, companies in India recognize the need to fortify defense against potential internal risks.
• Implementation of robust cybersecurity measures, including advanced endpoint security, privileged access management, and employee training programs, is becoming integral to safeguarding sensitive data and intellectual property.
• In navigating the complexities of the digital age, organizations are increasingly investing in proactive and adaptive strategies to mitigate insider threats & ensure the integrity and security of their digital assets.

Emerging Opportunities in China Attracting Key Market Players

Key players are significantly investing in China, as the country is offering greater growth opportunities than its counterparts. Through 2033, China is projected to expand at a CAGR of 24.8%, driven by the following factors:

• The adoption of insider threat protection solutions by the banking sector is set to be proactive because of the crucial nature of financial data and the possible financial ramifications of a security breach.
• Institutions of high learning and research, which manage sensitive data, valuable intellectual property, and trade secrets, are investing heavily in insider threat protection solutions to protect their assets.
• Large enterprises, with their extensive networks and high-risk profile, are known to make significant investments in these solutions in China.

Category-wise Insights

The section below shows the service segment dominating by solution. It is predicted to surge at a CAGR of 19.1% by 2033. Based on deployment type, the cloud-based segment is anticipated to generate a dominant share through 2033. It is set to rise at a CAGR of 19.7% by 2033.

Software Segment Dominates the Market by Solution

By Solution	Value CAGR
Software	16.8%
Services	19.1%

The services segment experiences a surge in demand as organizations grapple with increasingly sophisticated and complex insider threats. Security professionals offer specialized expertise in navigating intricate threat landscapes and implementing effective countermeasures.

The dynamic nature of cyber threats necessitates continuous adaptation in the service segment. Security professionals within the professional service segment are adept at staying ahead of emerging threats, providing organizations with proactive measures to counter evolving insider threat tactics.

Demand for Cloud-based Deployment Type to Surge through 2033

Deployment Type	Value CAGR
Cloud-based	19.7%
On-premises	15.9%

As industries use the benefits of cloud computing, organizations face new hurdles in protecting sensitive data from insider threats. Cloud-based insider threat protection services provide a cutting-edge approach to digital asset security and strong protection against potential breaches & illegal access.

Cloud-based solutions also offer real-time monitoring of user activity and data access, allowing for the rapid identification of considered actions. Products and services enable continuous analysis, generating alarms for potential insider threats, using advanced analytics and machine learning algorithms. This proactive approach enables prompt intervention and mitigation.

SMEs to be the Foremost Enterprise Size in the Market

Enterprise Size	Value CAGR
SMEs	19.6%
Large Enterprises	16.7%

For SMEs, customized solutions, scalable technologies, and a strategic focus on the organization's unique characteristics are essential for effective protection. As SMEs evolve, their insider threat defense strategies also evolve in tandem, ensuring a resilient and adaptable security posture.

Insider threat protection service providers offer customized solutions to meet the specific demands of each enterprise. This entails easily integrating the technology into existing security frameworks and IT systems.

The ever-changing nature of cyber threats necessitates scalable and adaptable solutions. Service providers offer scalability to allow an organization's growth and respond to shifting threat scenarios. This ensures that solutions for insider threat protection remain effective and relevant.

Competitive Landscape

Key players are focusing on improving the customer experience for their insider threat protection solutions. They also consider the different needs and requirements of end-users and tailor solutions to their needs. Leading companies in the insider threat prevention market use a range of inorganic growth strategies, including alliances, mergers, and acquisitions, to increase the scope of their product offerings.

Key Developments

• In April 2023, IBM introduced a new security suite to streamline and expedite the security analyst's workflow.
• In October 2022, CyberArk unveiled additional features to secure all users' access to cloud services and contemporary infrastructure, leveraging the company's risk-based intelligent privilege controls.
• In December 2022, LogRhythm Inc. announced a partnership with SentinelOne.
• In January 2023, DoControl announced the growth of its SaaS security platform by introducing its Shadow Apps solution.

Key Players in the Insider Threat Protection Industry

• ActivTrak
• Code42Software
• CyberArk
• Cyberhaven
• DellTechnologies
• Digital Guardian
• DoControl
• Trellix (FireEye)
• Forcepoint

Insider Threat Protection Market Segmentation by Category

By Solution:

• Software
  • User and Entity Behavior Analytics (UEBA)
  • Security Information and Event Management (SIEM)
  • Identity and Access Management (IAM)
  • Others
• Services
  • Professional Services
  • Security Consulting
  • Security Integration and Deployment
  • Support and Maintenance
  • Managed Services

By Deployment:

• Cloud-based
• On-premises

By Enterprise Type:

• SMEs
• Large Enterprises

By Industry:

• Government and Defense
• Banking, Financial Services, and Insurance (BFSI)
• IT and Telecom
• Retail and E-commerce
• Energy and Utilities
• Manufacturing
• Education
• Other Industry

By Region:

• North America
• Latin America
• East Asia
• South Asia and Pacific
• Western Europe
• Eastern Europe
• Middle East and Africa

Frequently Asked Questions

How big is the insider threat protection market?

The market reached USD 4,094.6 million in 2023.

What is the forecast for the insider threat protection market?

Demand for insider threat protection is slated to expand at an 18.1% CAGR by 2033.

What is the outlook for the insider threat protection market?

The market is set to reach USD 21,401.9 million in 2033.

Who are the key players in the insider threat protection market sphere?

ActivTrak, Code42Software, and CyberArk are the key players.

Which region would lead the insider threat protection market?

East Asia is estimated to hold a market share of 20.8% over the forecast period.