Malware Analysis Global Market Report 2024

Malware analysis is a process that involves examining the behavior and purpose of suspicious files using various tools and techniques. The goal of malware analysis is to identify and mitigate potential threats. Analysts use malware analysis tools to understand the functions, objectives, and potential consequences of malware, examining individual samples within a confined environment known as a sandbox.

The main components of malware analysis include solutions and services. Malware analysis solutions refer to rapid and accurate techniques that reduce the overall cost of malware processing while improving the accuracy of malware detection. These solutions incorporate cutting-edge technologies to help enterprises detect previously undiscovered cyber threats. Malware analysis can be deployed through on-premises or cloud-based models, catering to both large enterprises and small to medium-sized enterprises (SMEs). Industries utilizing malware analysis span aerospace and defense, BFSI, public sector, retail, healthcare, IT and telecom, energy and utilities, manufacturing, and others.

The malware analysis market research report is one of a series of new reports that provides malware analysis market statistics, including malware analysis industry global market size, regional shares, competitors with a malware analysis market share, detailed malware analysis market segments, market trends and opportunities, and any further data you may need to thrive in the malware analysis industry. This malware analysis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The malware analysis market size has grown exponentially in recent years. It will grow from $9.33 billion in 2023 to $11.81 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth observed during the historic period in the field of malware analysis can be attributed to several factors, including the growth of online transactions, the rise of advanced persistent threats, the expansion of attack vectors, regulatory compliance requirements, the prevalence of ransomware epidemics, and the increasing need for incident response.

The malware analysis market size is expected to see exponential growth in the next few years. It will grow to $32.78 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The anticipated growth in the forecast period in the field of malware analysis can be attributed to concerns related to supply chain security, the expansion of threat hunting practices, privacy concerns and compliance with GDPR (General Data Protection Regulation), the evolution of fileless malware, and a focus on user and entity behavior analytics. Major trends expected in the forecast period include the automation of malware analysis processes, the adoption of cloud-based malware analysis solutions, increased emphasis on threat intelligence sharing and collaboration, the development of evasion techniques and corresponding countermeasures, a focus on forensic analysis, and integration with Endpoint Detection and Response (EDR) solutions.

The malware analysis market is expected to experience growth due to the increasing frequency of cyberattacks. Cyberattacks, orchestrated by cybercriminals, target numerous computers or networks using one or more compromised computers. Malware analysis is a crucial aspect of cybersecurity, empowering security analysts to determine the legitimacy or malicious nature of suspicious files. By aiding responders in eliminating false positives and understanding the scope of malware incidents, malware analysis provides actionable information during cybersecurity incidents. For example, Positive Technologies, a South Korea-based cybersecurity company, reported a 17% increase in cyberattacks in Q1 2021 compared to Q1 2020, with 77% of these being targeted attacks. Hence, the surge in cyberattacks is a driving force behind the growth of the malware analysis market.

The growth of the malware analysis market is further propelled by the increasing threat of data theft. Data theft involves the illegal acquisition of digital information for financial gain or to disrupt business operations. Malware analysis plays a pivotal role in preventing data theft by identifying and analyzing malicious software designed to steal sensitive data or compromise computer systems. In 2021, the Identity Theft Resource Center (ITRC), a US-based non-profit organization, reported 1,291 data breaches through September 2021, indicating a 17% increase compared to the breaches in 2020, which numbered 1,108. Therefore, the rising threat of data theft contributes significantly to the growth of the malware analysis market.

Key players in the malware analysis market are concentrating on introducing advanced solutions, such as hybrid analyzers, to enhance their market competitiveness. Hybrid analyzers in malware analysis leverage both static and dynamic analysis techniques to comprehensively examine and understand malicious software. For instance, Cyren Inc., an Israel-based internet security technology company, launched Hybrid Analyzer in September 2022. This innovative offering provides detailed analysis and risk ratings for files without the constraints associated with sandboxes and other malware file analysis technologies. The solution is particularly beneficial for large corporations, technology companies, and service providers, reducing the risk of undetected infections.

Major companies in the malware analysis market are actively incorporating advanced features, such as artificial intelligence (AI)-driven capabilities, to stay competitive. AI-based malware analysis employs artificial intelligence techniques to detect and analyze malware, identifying and mitigating potential threats. For example, VirusTotal, a Spain-based security company, introduced Code Insight in April 2023 - a feature powered by AI for malware analysis. Code Insight optimizes analysis resources by selectively examining pertinent files, such as PS1 files, while ignoring others with accompanying metadata, enhancing the identification of false positives and negatives.

In October 2022, Opswat, a US-based critical infrastructure protection (CIP) cybersecurity solutions provider, acquired FileScan. IO, a Germany-based malware analysis company. This strategic move aims to bolster Opswat's product portfolio in the field of cybersecurity solutions.

Major companies operating in the in the malware analysis market report are FireEye Inc., Cisco Systems Inc., Palo Alto Networks Inc., Sophos Group plc, Kaspersky Lab Group, Fortinet Inc., Check Point Software Technologies Ltd., Qualys Inc., CrowdStrike Holdings Inc., AT&T Inc., Broadcom Inc., McAfee Corp., Juniper Networks Inc., VIPRE Security Group, Forcepoint LLC, Fidelis Cybersecurity Inc., Coro Cybersecurity, Cuckoo Sandbox, ESET spol. s r. o., Intezer Ltd., Hatching Triage Inc., Joe Security LLC, Malwarebytes Corporation, Rapid7 Corporation, NortonLifeLock Inc., Tanium Inc., ThreatConnect Inc., Trend Micro Incorporated, Yara Rules S. A., BitNinja Ltd., Avast Software s. r. o.

North America was the largest region in the malware analysis market in 2023. The regions covered in the malware analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the malware analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The malware analysis market includes revenues earned by entities by wildfire malware analysis, sandboxing solutions, network traffic analyzers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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