Threat modeling functions help to identify the various threat agents that pose a risk to a computer system or application. In addition, organizations thoroughly examine the software architecture, business environment, and other artifacts while completing threat modeling. Furthermore, threat modeling tools have a deeper grasp of uncovering essential facts of the system. Moreover, to discover vulnerabilities and understand the security significance of their design, coding, and configuration choices, businesses often finish threat modeling at the configuration stage of a new application. In addition, in protecting a single highly classified material, threat modeling attempts to identify, convey, and interpret dangers and their easing through time. In addition to software systems, apps, networks, distributed systems, Internet of Things (IoT) devices, and business processes, threat modeling is often used in various contexts. Additionally, to produce a model, most threat modeling efforts result in a prioritized list of security improvements to the web application’s requirements, design, or implementation. Threat modeling contributes to better cybersecurity and Increases customer confidence in crucial business systems by identifying vulnerabilities or monitoring attack surfaces, helping with risk assessment methodologies, and implementing remedial action. Threat modeling tool provides a structured approach to security teams to address and prioritize the most critical and harmful threats to the systems. These tools have a built-in template for commonly occurring threat modeling risks and they can also integrate with other security tools. This streamlines their processes and makes them more efficient for their users. Additionally, Increasing Incidences of cyber-attacks and rising adoption of cloud and IoT technologies are driving the market for threat modeling tools.
Increase in demand for user-friendly threat modeling tools and rise in implementation of artificial intelligence (AI) in security solution is boosting the growth of the global threat modelling tools market. In addition, Increase in use of digital transformation technology is positively impacting growth of the threat modeling tools market. However, lack of skills and trained security analyst and high procurement costs of threat intelligence solutions is hampering the threat modeling tools market growth. On the contrary, rise in adoption of cloud and IoT technologies is expected to offer remunerative opportunities for expansion of the threat modeling tools market during the forecast period.
The threat modeling tools market is segmented on the basis of by component, deception stack, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into solution and service. On the basis of platform, the market is fragmented into web-based, desktop-based, and cloud-based. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, healthcare, IT and ITES, utilities, and others. By region, the global threat modeling tools market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the threat modeling tools market are Cisco Systems, Inc., IBM Corporation, Synopsys, Intel Corporation, Varonis Systems Inc., Microsoft Corporation, Mandiant, Coalfire Systems, Inc., Kroll, LLC., and Sparx Systems Pty Ltd. These players have adopted various strategies to Increase their market penetration and strengthen their position in the industry.
Increase in demand for user-friendly threat modeling tools and rise in implementation of artificial intelligence (AI) in security solution is boosting the growth of the global threat modelling tools market. In addition, Increase in use of digital transformation technology is positively impacting growth of the threat modeling tools market. However, lack of skills and trained security analyst and high procurement costs of threat intelligence solutions is hampering the threat modeling tools market growth. On the contrary, rise in adoption of cloud and IoT technologies is expected to offer remunerative opportunities for expansion of the threat modeling tools market during the forecast period.
The threat modeling tools market is segmented on the basis of by component, deception stack, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into solution and service. On the basis of platform, the market is fragmented into web-based, desktop-based, and cloud-based. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, healthcare, IT and ITES, utilities, and others. By region, the global threat modeling tools market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the threat modeling tools market are Cisco Systems, Inc., IBM Corporation, Synopsys, Intel Corporation, Varonis Systems Inc., Microsoft Corporation, Mandiant, Coalfire Systems, Inc., Kroll, LLC., and Sparx Systems Pty Ltd. These players have adopted various strategies to Increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global threat modeling tools market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global threat modeling tools market trend is provided in the report.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.
Key Market Segments
By Component
- Solution
- Service
By Platform
- Web-Based
- Cloud-Based
- Desktop-Based
By Enterprise Size
- Large Enterprise
- SMEs
By Industry Vertical
- IT and ITES
- Healthcare
- Utilities
- BFSI
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Mandiant
- Intel Corporation
- Cisco Systems, Inc.
- Microsoft Corporation
- Varonis Systems Inc.
- Coalfire Systems, Inc.
- Kroll, LLC.
- Sparx Systems Pty Ltd.
- Synopsys
- IBM Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: THREAT MODELING TOOLS MARKET, BY COMPONENT
CHAPTER 5: THREAT MODELING TOOLS MARKET, BY PLATFORM
CHAPTER 6: THREAT MODELING TOOLS MARKET, BY ENTERPRISE SIZE
CHAPTER 7: THREAT MODELING TOOLS MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: THREAT MODELING TOOLS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Threat Modeling Tools Market,' The threat modeling tools market was valued at $886.63 million in 2022, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.Threat modeling functions by identifying the various threat agents that pose a risk to a computer system or application. Organizations thoroughly examine the software architecture, business environment, and other artifacts while completing threat modeling, for instance, functional specifications and user documentation. They may have a deeper grasp of and uncover essential facets of the system owing to this method. To discover vulnerabilities and understand the security significance of their design, coding, and configuration choices, businesses often finish threat modeling at the configuration stage of a new application.
Key factors driving the growth of the threat modeling tools market include Increase in demand for user-friendly threat modeling tools and rise in implementation of artificial intelligence (AI) in security solution and, increase in use of digital transformation technology. Digitization is the process of converting data or information into a digital format with the adoption of advanced technology. It plays an important role in the cyber security, owing to growing need among the organization for providing enhanced cyber security and to improve the security of the data. Moreover, on an average, a new company falls victim to ransomware every 10 seconds worldwide. For instance, according to a recent report by SonicWall, in 2021, ransomware attacks increase by 105% from the previous year and encrypted threats rise by 167%. Furthermore, the advent of cloud computing and cybersecurity has pushed the boundaries from single networks to distributed networks, which propels the growth of the market. In addition, rise in demand for digital transformation technology in organizations and increase in dependency of various companies on threat intelligence solutions, which help to get insights of attacks, drive the growth of the market. In addition, market players across the globe are adopting various advanced technologies such as business intelligence, threat intelligence, big data, and artificial intelligence to increase the productivity with minimal resource utilized, thus driving the growth of the market.
The market also offers growth opportunities to the key players in the market. Rise in adoption of cloud and IoT technologies can be seen as an opportunity for the adoption of threat modeling tools. In addition, with rising complexity and competition in the market, the demand for industry-specific solutions increased to meet the goals of the companies and IoT-based solutions. These technologies are helping industries to enhance their security and upsurge their revenue opportunity, which is driving the growth of the market. Furthermore, many businesses are moving their infrastructure and applications to the cloud and introducing IoT devices, as there is an increasing need for effective threat modelling tools to evaluate and secure these systems and devices. Using cloud and IoT technologies encourage employing threat modelling tools by complicating the systems and applications that need to be secured. As companies leverage cloud and introduce IoT devices, the systems and applications that need to be safeguarded become more complex and diverse. Moreover, the adoption of cloud and IoT increases the need for automation, as number of systems and devices to be protected increases. Threat modeling tools can automate the threat modeling process by helping organizations to scale their security efforts and respond quickly to identify threats, which, in turn, is expected to provide lucrative opportunity for the growth of the market.
The threat modeling tools market is segmented into component, deception stack, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into solution and service. By platform, it is fragmented into web-based, desktop-based, and cloud-based. Depending on enterprise size, it is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, healthcare, IT & ITES, utilities, and others. Region wise, it is analyzed across North America (the U.S., Canada), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The key players profiled in the study include Cisco Systems, Inc., IBM Corporation, Synopsys, Intel Corporation, Varonis Systems Inc., Microsoft Corporation, Mandiant, Coalfire Systems, Inc., Kroll, LLC., and Sparx Systems Pty Ltd. The players in the market have been actively engaged in the adoption various strategies such as acquisition, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in February 2023, Kroll launched Kroll Cyber Partner Program which will offer lifetime returns to partners on its extensive suite of cyber security solutions.
Key Market Insights
- By component, the solution segment was the highest revenue contributor to the market, and is estimated to reach $2,115.95 million by 2032, with a CAGR of 13.7%. However, the service segment is estimated to be the fastest growing segment with the CAGR of 16.1% during the forecast period.
- By platform, the web-based segment dominated the global market, and is estimated to reach $1,372.51 million by 2032, with a CAGR of 13.0%. However, the cloud-based segment is expected to be the fastest growing segment with the CAGR 16.2% during the threat modeling tools Market Forecast.
- Based on region, North America was the highest revenue contributor, accounting for $315.11 million in 2022, and is estimated to reach $1,070.43 million by 2032, with a CAGR of 13.1%.
Companies Mentioned
- Mandiant
- Intel Corporation
- Cisco Systems, Inc.
- Microsoft Corporation
- Varonis Systems Inc.
- Coalfire Systems, Inc.
- Kroll, LLC.
- Sparx Systems Pty Ltd.
- Synopsys
- IBM Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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