Malware Protection Market to See a Promising Growth of 18.00% CAGR, Reaching USD 78.5 Billion by 2032

Rising number of malware attacks, which has necessitated the urgent development of new defense solutions, is expected to drive market expansion in the near future at a CAGR of 18.00% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the "Global Malware Protection Market" that contains information from 2019 to 2032. The Malware Protection market is estimated to register a CAGR of 18.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Malware Protection market—Broadcom. Inc., Intel Corporation, Bitdefender SRL, SentinelOne. Inc., FireEye. Inc., Kaspersky Lab, Akamai Technologies Inc., Sophos Group PLC (Thoma Bravo), Trend Micro Inc., Zscaler. Inc., Malwarebytes. Inc., McAfee. LLC, Symantec Corporation, Trend Micro Incorporated, IBM Corporation, Thales, Morphisec Ltd., Crowdstrike, Datto. Inc., Veritas, Acronis International GmbH, CyberArk Software Ltd.

Malware Protection Market Highlights

The global Malware Protection market is accounted to register a CAGR of 18.00% during the forecast period. It is estimated to reach USD 78.5 billion by 2032.

The number of rising malware attacks increases the need for new defense solutions. Investments in malware protection are growing due to the threat of malware in individuals and organizations due to high-profile occurrences and constantly changing tactics by criminals. Additionally, the increasing digitalization of business processes is anticipated to spur the use of malware protection, which is anticipated to promote the growth of the global malware protection market.

Segment Analysis

The global Malware Protection market has been segmented based on component, deployment, organization size, application, and industry vertical.

On the basis of component, the market is segmented into Solutions and Services. The services segment was attributed to holding the largest market share in 2023 due to cyber threats and increasing firm competitiveness.

On the basis of deployment, the market is segmented into cloud and on-premise. The cloud segment was expected to hold the largest market share in 2023 due to several Internet of Things (IoT) devices acting as cloud storage.

On the basis of organization size, the market is segmented into SMEs and large enterprises. The SMEs segment was expected to hold the largest market share in 2023 due to the improvement of the operation effectiveness of small and medium-sized organizations.

On the basis of application, the market is segmented into endpoint protection, network protection, database protection, web protection, and email protection. The endpoint protection segment was expected to hold the largest market share in 2023 due to its cyber security strategy for defending endpoints.

Based on industry vertical, the global Malware Protection market has been segmented into BFSI, IT & Telecom, government & defense, retail, education, healthcare & life sciences, and others. The IT & Telecom segment was expected to hold the largest market share in 2023 due to more people using mobile devices on a regular basis.

Regional Analysis

The global Malware Protection market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Malware Protection market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Malware Protection market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Malware Protection market comprises the Middle East, Africa, and Latin America.

The largest market share for Malware Protection was maintained by the North American regional sector. This increase is attributed to an increase in the number of malware prevention in healthcare and other industries. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of using malware protection services, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.

Moreover, the Europe market has been persistently growing over the forecast period. The rising commercial sector drives the demand for Malware Protection. The market expansion is maintained by an increase in the deployment of cloud storage as a result of an increase in consumer preference for using malware protection solutions.

Additionally, due to the increasing emphasis placed on increasing e-commerce penetration and rising reliance on online services and transactions, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on technology advancements.

Furthermore, the rest of the world's Malware Protection market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of IT and telecom, as well as growing research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

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  The global Malware Protection market is expected to reach USD 78.5 billion by 2032, at a CAGR of 18.00% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on e-commerce penetration and rising reliance on online services.

  
  


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  Based on application, the endpoint protection segment was attributed to holding the largest market in 2023, with an approximate market share of 40%.

  
  


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  Broadcom. Inc., Intel Corporation, Bitdefender SRL, SentinelOne. Inc., FireEye. Inc., Kaspersky Lab, Akamai Technologies Inc., Sophos Group PLC (Thoma Bravo), Trend Micro Inc., Zscaler. Inc., Malwarebytes. Inc., McAfee. LLC, Symantec Corporation, Trend Micro Incorporated, IBM Corporation, Thales, Morphisec Ltd., Crowdstrike, Datto. Inc., Veritas, Acronis International GmbH, and CyberArk Software Ltd are the key market players.