According to the new research report published by The Insight Partners, titled “Malware Analysis Market — Global Analysis and Forecast to 2027”, the global malware analysis market is expected to reach US$ 24.8 Bn in 2027, registering a CAGR of 29.2% during the forecast period 2019-2027.

Cybercriminals are continuing to evolve the complexity of their methods of attack, from personalized coding and targeted ransomware for some attacks to living-off-the-land or sharing infrastructure intending to optimize their opportunities. In December 2018, Trend Micro Inc. revealed in its report that threat groups might combine efforts to develop more sophisticated attack vectors to make their attacks more effective. A comparison of four malware families used by different threat actor groups was conducted, which suggested that these could be sharing information and resources. The researcher acknowledged a correlation between EMOTET, DRIDEX, URSNIF, and BitPaymer from the open-source information as well as the loaders of the samples analyzed. The evidence exhibit that malware developers are trying to escalate the sophistication and effectiveness of their tools by decreasing the deployment time via the distribution of tasks between numerous criminal groups as well as re-using competences from existing tools. This collaborative model comprises the distribution of loaders as well as decryptors, targeting at reducing the workload during an attack. Through collaborating, criminal groups can scale down the number of coding errors through peer-review checks and prevent replicating defeated attack vectors by leveraging from past experiences.

With the increasing adoption of IoT in diverse industry verticals, the number of systems vulnerable to malware attacks has increased. The ransomware scourge could rise twice as worse as criminals shift from targeting laptops and hard drives to cars as well as industrial equipment. As IoT deployment continues to soar, the market is anticipated to experience novel cyber security threats such as the IoT Botnets. The terminology defines how hackers might make the new system their point for substantial incidences by spreading into devices that plug into IoT.

Governments across several countries worldwide are taking initiatives to support the adoption of malware analysis tool by enterprises. For instance, in 2017, the Indian government launched its Cyber Swachhta Kendra, a Botnet Cleaning and Malware Analysis Centre. The center aims to detect botnet infections in the country, and avoid further infections by notifying, enable cleaning as well as securing systems of end-users. Also, In March 2019, a new EU “Cybersecurity Act” was approved by the European Parliament. The new regulation creates an EU cyber security certification framework.

The implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. Analytics enable them to better apprehend and serve customers. Further, access to real-time information results in efficient decision-making. Automation of business operations facilitates them to escalate productivity. For instance, automotive manufacturers have revolutionized their manufacturing process with the use of robots; and airline companies have become proficient at pricing through real-time information of supply and demand. Furthermore, retail companies with robust digital capabilities have designed seamless omnichannel environments. Also, healthcare industry has modernized through EHRs, digital tools which track patients’ vital signs, as well as virtual consultations between patients and doctors. However, with the increasing adoption of digital technologies such as IoT, Big Data, and AI, throughout business as well as society at large, the growing connectivity of everything has created challenges in terms of compliance, security, and data protection. Thus, addressing new malware trends is propelling the adoption of malware analysis tools.

Key findings of the study: 

The malware analysis market is segmented into component, organization size, deployment and industry vertical; the malware analysis market is also analyzed across five major geographic regions—North America, Europe, APAC, MEA, and SAM. Based on deployment, the malware analysis market is further segmented into on-premises and cloud. Currently, the cloud deployment segment dominates the market and is expected to be the fastest-growing segment during the forecast period.   

Based on component, the malware analysis market is segmented into solution and services. In 2018, the solution segment dominated the malware analysis market, whereas service segment is expected to be the fastest-growing segment in the future.

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