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Big Data Analytics in Semiconductor & Electronics Market Size to Grow USD 47.2 Billion by 2031 at a CAGR of 9.9% | Valuates Reports

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BANGALORE, India, Oct. 18, 2023 /PRNewswire/ — Big Data Analytics in Semiconductor and Electronics Market is Segmented by Component (Software, Services), by End User (Semiconductor, Electronics), by Analytics Tool (Dashboard and Data Visualization, Reporting, Self Service Tools, Data Mining and Warehousing, Others), by Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, Others), by Usage (Sales and Marketing, Fault Detection and Classification, Predictive Maintenance, Virtual Meteorology, Process Optimization, Yield Prediction, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

The global Big Data Analytics in Semiconductor & Electronics market was valued at USD 18.7 Billion in 2021, and is projected to reach USD 47.2 Billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
Major Factors Driving The Growth Of Big Data Analytics In Semiconductor & Electronics Market
The proliferation of big data analytics software adoption by various organizations to facilitate improved & faster decision-making and to provide competitive advantage by analyzing and acting upon information in a timely manner is one of the key factors influencing the growth of the global big data analytics and semiconductor & electronics market.
The expansion of big data analytics in the semiconductor and electronics sector is also positively impacted by a number of advantages offered by big data and business analytics, such as quicker data processing. A further factor that is anticipated to hinder the development of big data analytics in the semiconductor and electronics business is the high installation cost.
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TRENDS INFLUENCING THE GROWTH OF BIG DATA ANALYTICS IN SEMICONDUCTOR & ELECTRONICS MARKET
The use of big data analytics is fueled by an increase in investments in big data and business analytics technologies across several semiconductor and electronics organizations to drive revenue growth and enhance service efficiency. Furthermore, as big data analytics gain relevance and support the market’s expansion, top executives of several organizations are progressively employing various sorts of analytics to address their business needs.
Big data and business analytics are also being used by the semiconductor and electronics industries to increase sales, enhance pricing and market entrance tactics, and improve predictive maintenance and yield. The market has become more productive and efficient as a result of this improvement. Instead, businesses are implementing big data analytics to improve the client experience, which greatly aids in the expansion of the Big Data Analytics Semiconductor & Electronics Market.
Manufacturing of semiconductors and devices requires strict quality control. Real-time monitoring and analysis of industrial processes are made possible by big data analytics. It has the ability to spot irregularities, deviations, and flaws, enabling prompt remedial action. As a result, expenses are reduced and customer satisfaction is increased while also improving product quality, lowering faults, and minimizing production losses. Predictive maintenance solutions are implemented using big data analytics in semiconductors and electronics. Potential concerns can be found before they cause breakdowns by monitoring the status of machinery and equipment with sensors and data analytics. This method minimizes downtime, increases the equipment’s longevity, and enhances maintenance plans.
Global supply networks for the semiconductor and electronics industries are intricate. Big data analytics is used to streamline supply chains, assisting businesses with inventory management, demand forecasting, and strategic sourcing and logistical choices. Costs are reduced as a consequence, and operational effectiveness is raised. By examining consumer preferences, market trends, and feedback data, big data analytics in semiconductors and electronics aids product innovation. This useful data aids businesses in creating new, competitive features and products. Businesses may get a competitive edge in the quickly changing IT sector by staying ahead of the curve.
By spotting inefficiencies and potential areas for improvement, the use of big data analytics in the semiconductor and electronics industry helps to reduce costs. Companies may lower operating expenses and increase profitability by simplifying processes, cutting waste, and optimizing resource allocation.
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BIG DATA ANALYTICS IN SEMICONDUCTOR & ELECTRONICS MARKET SHARE ANALYSIS
The region with the greatest projected growth rate is Asia-Pacific. due to the increased use of tablets and smartphones in nations like China and India. Governments in Asia-Pacific nations are also making active investments in big data analytics solutions and services, which is anticipated to considerably aid the market’s expansion.
The software sector accounted for the greatest market share for big data analytics in semiconductor & electronics in 2021, and this trend is anticipated to be true over the course of the forecast period. By offering data-based insights, facilitating improved decision-making, and generating more income, the software segment assists organizations in leveraging the greatest return. However, big data analytics in the semiconductor and electronics industry are anticipated to have the most impact on the Services category in the future years. During the projection period, it is anticipated that the market will see profitable growth due to the surge in demand for cloud-based big data analytics services. Additionally, the demand for software-as-a-service (SaaS) is increasing due to its many advantages, including scalability and a low one-time client acquisition cost
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SIMILAR REPORTS
–  Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market
–  EMEA Big Data Analytics in Semiconductor & Electronics Market
–  Semiconductor Wireless Sensor IOT Industry
–  The global Artificial Intelligence in Manufacturing market was valued at USD 3891.4 Million in 2022 and is anticipated to reach USD 43100 Million by 2029, witnessing a CAGR of 49.3% during the forecast period 2023-2029.
–  The global Data Center Accelerator market size is projected to reach USD 69440 million by 2027, from USD 6960.5 million in 2020, at a CAGR of 38.7% during 2021-2027.
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–  The global Hadoop Big Data Analytics market size is projected to reach USD 68030 million by 2028, from USD 14150 million in 2021, at a CAGR of 24.6% during 2022-2028.
–  SME Big Data Market
–  The global Big Data Software market is projected to grow from USD 28460 million in 2023 to USD 43680 million by 2029, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period.
–  The global Big Data Pharmaceutical Advertising market size is projected to reach USD 5014.5 million by 2028, from USD 2955.8 million in 2021, at a CAGR of 7.4% during 2022-2028.
–  Big Data Processing And Distribution System Market
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–  The global big data and business analytics market size was valued at D198.08 billion in 2020, and is projected to reach D684.12 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030.
–  The global big data analytics in education market size was valued at USD 13.58 billion in 2020 and is projected to reach USD 57.14 billion by 2030 registering a CAGR of 15.3%.
–  The global big data security market size was valued at USD 13,720 million in 2019 and is projected to reach USD 54,237 million by 2027, registering a CAGR of 18.8% from 2020 to 2027.
–  The global Big Data-As-A-Service market is projected to grow from USD 23140 million in 2023 to USD 77520 million by 2029, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.
–  The global Semiconductor Manufacturing Equipment market size is projected to reach USD 53200 million by 2027, from USD 39510 million in 2020, at a CAGR of 3.9% during 2021-2027.
–  The global Automotive Semiconductor market size is projected to reach USD 42140 million by 2028, from USD 31430 million in 2021, at a CAGR of 3.8% during 2022-2028.
–  The global Power Semiconductor market was valued at USD 46070 million in 2022 and is anticipated to reach USD 66420 million by 2029, witnessing a CAGR of 5.3% during the forecast period 2023-2029.
–  The global Semiconductor Pellicle market is projected to reach USD 1998.1 million in 2029, increasing from USD 1209 million in 2022, with the CAGR of 7.1% during the period of 2023 to 2029.
–  The global Semiconductor Equipment Frames market is projected to reach USD 55 million in 2029, increasing from USD 38 million in 2022, with the CAGR of 4.8% during the period of 2023 to 2029.
–  The global Semiconductor Equipment Spare Parts market is projected to reach USD 67290 million in 2029, increasing from USD 45650 million in 2022, with the CAGR of 5.6% during the period of 2023 to 2029.
–  The global Molecular Pump for Semiconductor Equipment market is projected to grow from USD 642.2 million in 2023 to USD 1113.1 million by 2029, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period.
–  The global Semiconductor Antenna market is projected to reach USD 3014.1 million in 2029, increasing from USD 424 million in 2022, with the CAGR of 32.5% during the period of 2023 to 2029.
–  Global Semiconductor OHT (Overhead Hoist Transport) market is expected to reach USD 719 million in 2023, with a positive growth of %, compared with USD 669 million in 2022.
–  The global Semiconductor Liquid Filters market size is estimated to be worth USD 444.89 Million in 2022 and is forecast to a readjusted size of USD 876.32 Million by 2029 with a CAGR of 11.8% during the review period.
–  The global AMC Filters for Semiconductor market is projected to reach USD 559.6 million by 2028 from an estimated USD 399.2 million in 2022, at a CAGR of 5.8% during 2023 and 2028.
–  The global big data analytics in retail market size was valued at USD 4854 million in 2020 and is projected to reach USD 25560 million by 2028 registering a CAGR of 23.1% from 2021 to 2028.
Click here to see related reports on Big Data Analytics in Semiconductor
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Consumer Data Platform Market to reach USD 56.22 Bn dominated by Predictive Analysis Segment, Says Stellar Market Research.

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PUNE, India, July 16, 2024 /PRNewswire/ — Stellar Market Research, a global IT & Telecommunication Market research firm has published a competitive intelligence and market research report on the “Consumer Data Platform Market”. The Consumer Data Platform Market size was valued at USD 8.05 Bn in 2023 and the total Consumer Data Platform revenue is expected to grow at a CAGR of 32 percent from 2024 to 2030, reaching nearly USD 56.22 Bn by 2030.

The Customer Data Platform (CDP) market is experiencing significant growth due to the increasing demand for customer intelligence and omnichannel experiences. CDPs enable businesses to manage data volume and complexity from various customer channels, ensuring data unification and identity resolution. CDPs are essential for advertising and marketing strategies, offering personalized experiences while adhering to data protection regulations.
The report on the Consumer Data Platform Market involves a comprehensive analysis of market structure, competition, and growth drivers. The market size is methodically estimated using a bottom-up approach to understand growth patterns. Key insights typically cover major drivers at global levels, challenges for future growth, and opportunities arising from technological advancements. Regional analyses provide information on market leaders, penetration rates, and geographical factors influencing the industry. The qualitative and quantitative analyses are employed using tools like SWOT, PESTLE, and Porter’s Five Forces to guide investment and marketing decisions.
Market Size in 2023
USD 8.05 Bn.
Market Size in 2030
USD 56.22 Bn.
CAGR
32 percent (2024-2030)
Forecast Period
2024-2030
Base Year
2023
Number of Pages
278
No. of Tables
118
No. of Charts and Figures
110
Segment Covered
Component, Application, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage
Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Get your Sample PDF:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
What’s New: Recent Additions and Updates
An in-depth analysis of competitive developments in the market, such as mergers and acquisitions, product developments, partnerships, and collaborations.An in-depth analysis of ROI and cost-effectiveness for various types of CDP implementations across different industries and company sizes.Analysis of regulatory impacts on CDP adoption and usage, focusing on data privacy laws like GDPR, CCPA, and emerging global standards.Key Player Offerings
Tealium collaborates with Snowflake’s Snowpipe Streaming API, combining top-tier customer data collection and activation capabilities. It leverages Snowflake’s power to streamline how businesses get real-time customer behavior data into the Snowflake Data Cloud. This allows for faster analytics, AI applications, and a complete view of the customer to improve customer service and engagement.Nissan Motor Co Ltd. Japan has selected Treasure Data’s enterprise customer data platform (CDP) to enhance its customer experience strategy. The automaker aims to unify data and improve brand communication across all touchpoints. Treasure Data’s CDP will help Nissan achieve a 360-degree customer view, strengthen data governance, and integrate various platforms.First-Party Data Reshaping the Consumer Data Platform Market
Growing privacy concerns and regulatory measures are driving a major shift in the consumer data platform (CDP) market toward first-party data management. First-party data, or information acquired directly from consumers via their contacts with the business, is the emphasis of companies these days. When compared to third-party data, this data is more accurate, dependable, and privacy-compliant. According to SMR, first-party data is crucial since 80% of marketers think it offers the best return on investment (ROI). Leading companies in the CDP space, like Adobe, are taking advantage of this change by incorporating cutting-edge technology into their systems. For instance, Adobe’s Real-Time CDP uses machine learning and AI algorithms to evaluate first-party data and provide real-time insights and customization. This strategy increases customer satisfaction and boosts revenue. Businesses utilizing Adobe’s Real-Time CDP claim a 15% rise in customer satisfaction and a 25% improvement in marketing efficiency. Companies that centralize first-party data and adopt a unified data strategy see a 25% improvement in data accuracy and a 33% decrease in data management expenses. A 360-degree perspective of the consumer is made possible by centralization, which enables companies to send out marketing messages that are more accurate and timely. First-party data methods are expected to become more popular as companies prioritize data protection and customization, creating new opportunities for development and competitive advantage.
Request for a Sample Report:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
North America Leading the Consumer Data Platform Revolution
North America, particularly the United States is home to leading technology firms that drive innovation in in the consumer data platform market. According to SMR, more than 75% of Fortune 500 companies headquartered in North America contribute to a high demand for advanced data management solutions. This need is being driven by organizations’ need to use data for customized marketing, bettering customer experiences, and obtaining a competitive edge. North America is recognized for its strong revenue production from e-commerce and digital marketing, two industries that significantly depend on consumer data. For instance, the amount spent on digital advertising in the United States alone in 2023 was over $200 billion, highlighting the significant need for insights based on data. The United States exports software services worth about $50 billion a year, making the North American import and export of technology and software services important. Adoption rates and market trust are further supported by North America’s stringent legal frameworks, which include the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). These frameworks ensure high standards in data management and protection. The region continues to grow the boundaries of technical innovation and data-driven business strategies, maintaining its position as the top-selling market for consumer data solutions.
Consumer Data Platform Market Segmentation
By Component
PlatformServicesBy Application
Personalized RecommendationsPredictive AnalyticsMarketing Data SegmentationCustomer Retention and EngagementSecurity ManagementOthersBy Vertical
BFSIRetail and eCommerceMedia and EntertainmentTravel and HospitalityTelecom and ITHealthcareOthersConsumer Data Platform Market Key Competitors include
Informatica LLCIBM CorporationOracle CorporationSAP SEStibo Systems A/SRiversand Technologies, Inc.OthersInquire Before Buying:https://www.stellarmr.com/report/enquire_now/Customer-Data-Platform-Market/292 
Key questions answered in the Consumer Data Platform Market are:
What is a Consumer Data Platform?What is the current growth rate of the Consumer Data Platform Market?Who are the key players in the Consumer Data Platform Market?What are the strategies used by competitors in the Consumer Data Platform Market?What are the growth prospects in developing countries for the Consumer Data Platform Market?Which segment is expected to witness the fastest growth and why in the Consumer Data Platform Market in 2023?What are the factors affecting growth in the Consumer Data Platform Market?Who held the largest market share in the Consumer Data Platform Market?What is the demand pattern for the Consumer Data Platform Market?What are the opportunities for the Consumer Data Platform Market?Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)Past Pricing and price curve by region (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Component, Application, Vertical, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendationsStellar Market Research a leading IT & Telecommunication research firm, has also published the following reports:
Web Scraper Software Market: The market size was valued at US $ 785.68 Million in 2023 and the total Market revenue is expected to grow at 13 % from 2024 to 2030, reaching nearly US $ 1848.41 Million.
Data Center Virtualization market: The market was valued at USD 9.98 Billion. In 2023 the total revenue is expected to grow at a CAGR of 17.5% through 2024-2030, reaching nearly USD 30.88 Billion.
Europe Big Data Market: The market size was valued at US$ 86.20 Bn. in 2023 and the total revenue is expected to grow at 7.8% through 2024 to 2030, reaching nearly US$ 145.84 Bn. by 2030.
Data Integration Market: The market size was valued at US$ 13.12 Bn in 2023. The Global Data Integration Market is estimated to grow at a CAGR of 11.23% over the forecast period.
Master Data Management Market: The market was valued at USD 21.76 billion in 2023. Global Master Data Management Market size is estimated to grow at a CAGR of 15.9 % over the forecast period.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4,
Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
[email protected]
+91 9607365656
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Artificial Intelligence

Access Control Market to Be Worth $19.6 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., July 16, 2024 /PRNewswire/ — According to a new market research report titled, ‘Access Control Market by Offering (Hardware {Biometric Devices, Electronic Locks, Other}, Software {Cloud, On-premise}, Services), End User (Residential, Commercial {Retail, IT & Telecom, Other}, Industrial), and Geography – Global Forecast to 2031,’ the access control market is projected to reach $19.6 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.

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The growth of the access control market is driven by the rising demand for advanced access control devices, growing safety & security concerns related to unauthorized access, and the increasing number of smart home projects around the world. However, the high initial costs of deployment limit the adoption of access control systems, restraining the growth of this market.
Furthermore, organizations’ increasing preference for cloud-based access control systems and the growing use of wireless access controls are expected to generate growth opportunities for the stakeholders in the access control market. However, low awareness regarding advanced security solutions in developing countries and data security & privacy issues are major challenges in the access control market.
Additionally, the increasing adoption of Access Control as a Service (ACaaS), the growing utilization of smartphones for access control, and the increasing use of contactless biometric access control devices are prominent trends in the access control market.
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The access control market is segmented by offering (hardware {biometric devices [fingerprint recognition, face recognition, iris recognition, and voice recognition], cards [smart cards, proximity cards, and card readers], electronic locks & doors, controllers, hybrid devices}, software {cloud-based, on-premise}, and services {consulting services, deployment & integration services, and maintenance & support services}), end user (residential, commercial {retail, BFSI, IT & telecom, hospitality, education, government, healthcare, and transportation & logistics}, and industrial {pharmaceutical, military & defense, aerospace, manufacturing, mining & construction, energy & utilities, and other industrial end users}), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the access control market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of over 56.0% of the access control market. The hardware segment comprises biometric devices, cards, electronic locks & doors, controllers, and hybrid devices. The large market share of this segment is attributed to the growing adoption of access control systems for safeguarding offices, government buildings, airports, hospitals, and military facilities, growing urbanization, and the increasing number of smart homes & apartments.
In addition, the increasing deployment of access control systems for more comprehensive and efficient security is expected to drive the growth of this segment. For instance, in February 2023, San Diego International Airport deployed Identiv’s comprehensive, end-to-end access control ecosystem, including Hirsch Velocity Software and its Velocity Vision Video Management System (VMS), under a single Graphical User Interface (GUI).
Based on end user, the access control market is broadly segmented into residential, commercial, and industrial end users. In 2024, the commercial segment is expected to account for the largest share of over 52.0% of the access control market. The large market share of this segment is attributed to the increasing implementation of access control systems across government facilities, the growing use of smart cards in the hospitality sector, and the increased adoption of enterprise-level access control solutions.
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In addition, the increasing deployment of access control systems for office spaces to bolster the security of entrances supports the growth of this segment. In August 2023, HID Global Corporation (U.S.), the global leader in trusted identity solutions, partnered with Ghelamco Group (Belgium), an international real estate investor and developer, to standardize HID’s mobile and physical access control solutions across its prestigious projects in Warsaw, Poland.
Based on geography, the access control market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 44.0% of the access control market. APAC’s large market share is attributed to the region’s rapidly developing economies, consistent technological advancements in access control solutions, increased use of access control systems at airports and railway stations, and the increasing deployment of access control systems across government agencies for tracking employee attendance.
For instance, in March 2022, IDEMIA (France), the global leader in Identity technologies, announced plans to provide biometric solutions to Singapore’s Changi Airport Terminals 1 and 2 (T1 and T2) to elevate the passenger experience, particularly in the immigration process.
Key Players:
The key players operating in the access control market are Johnson Controls International plc (Ireland), Honeywell International Inc. (U.S.), Identiv, Inc. (U.S.), Suprema Inc. (South Korea), Bosch Sicherheitssysteme GmbH (Germany), Genetec Inc. (Canada), NEC Corporation (Japan), Assa Abloy (Sweden), dormakaba International Holding AG (Switzerland), Allegion plc (Ireland), Nedap N.V. (Netherlands), Thales (France), IDEMIA (France), Axis Communications AB (Sweden), Anviz Global Inc. (U.S.) and Dahua Technology Co., Ltd (China).
Browse In-depth Report Now- https://www.meticulousresearch.com/product/access-control-market-5097 
Scope of the Report:
Access Control Market Assessment—by Offering
HardwareBiometric DevicesFingerprint RecognitionFace RecognitionIris RecognitionVoice RecognitionCardsSmart CardsProximity CardsCard ReadersElectronic Locks & DoorsControllersHybrid DevicesSoftwareCloud-basedOn-premiseServicesConsulting ServicesDeployment & Integration ServicesMaintenance & Support ServicesAccess Control Market Assessment—by End User
ResidentialCommercialRetailBFSIIT & TelecomHospitalityEducationGovernmentHealthcareTransportation & LogisticsIndustrialPharmaceuticalMilitary & DefenseAerospaceManufacturingMining & ConstructionEnergy & UtilitiesOther Industrial End UsersAccess Control Market Assessment—by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainSwitzerlandSwedenDenmarkNorwayRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaMalaysiaTaiwanRest of Asia-PacificLatin AmericaBrazilMexicoArgentinaRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/81884359 
Related Reports:
Building Automation Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Smart Locks Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
NFC Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Digital Identity Management Solutions Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/51/access-control-market-2031 
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Threat Hunting Market worth $6.9 billion by 2029- Exclusive Report by MarketsandMarkets™

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threat-hunting-market-worth-$6.9-billion-by-2029-exclusive-report-by-marketsandmarkets™

CHICAGO, July 16, 2024 /PRNewswire/ — The Threat Hunting Market is set to grow significantly. It’s expected to be worth around USD 3.4 billion in 2024 and increase to about USD 6.9 billion by 2029 at a CAGR of 14.9% during the forecast period, according to a new report by MarketsandMarkets™. The threat-hunting market is experiencing explosive growth as organizations struggle to combat a relentless wave of cyberattacks. Unlike traditional security measures that passively wait for threats to appear, threat hunting takes a proactive stance, actively searching for hidden threats lurking within networks. Several factors fuel this proactive approach. The increasing need to protect sensitive data, from financial records to intellectual property, compels organizations to adopt more robust security solutions. Also, the growing awareness of cyber risks across industries drives demand for proactive security solutions. By actively hunting for threats, organizations gain a critical advantage: identifying and neutralizing threats before they can wreak havoc, potentially saving millions of dollars, and safeguarding sensitive data.

Browse in-depth TOC on “Threat Hunting Market”
270 – Tables 50 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Threat Type, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Threat Hunting Market include IBM (US), Kaspersky (Russia), Capgemini (France), CrowdStrike (US), Trustwave (US), Verizon (US), SecureWorks (US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
By Offering, the services segment will grow at the highest CAGR during the forecast period.
The global shortage of cybersecurity professionals is a significant challenge for organizations looking to build robust security postures. This shortage is particularly acute in threat hunting, which requires highly skilled individuals with a deep understanding of cyber threats, investigative techniques, and security tools. Threat-hunting services offer a compelling solution by providing access to experienced professionals, reducing internal workload, and offering a faster path to improved threat detection and response capabilities.
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By organization size, the large enterprise segment to hold a significant market share during the forecast period.
Large enterprises often deal with sensitive data (financial records, intellectual property, customer information) and critical infrastructure. A successful cyberattack can have devastating economic and reputational consequences, making proactive threat detection a top priority. Also, Large enterprises typically have sprawling IT environments encompassing on-premise infrastructure, cloud deployments, and a vast network of devices. This complexity creates numerous potential entry points for attackers, necessitating a proactive approach to uncover hidden threats. The high stakes, complex environments, compliance pressures, and advanced threats large enterprises face will drive the segment.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its threat-hunting market, driven by several key factors. The region faces a rising tide of cyberattacks, including malware, ransomware phishing attempts, data breaches, and advanced persistent threats (APTs). These attacks target businesses, governments, critical infrastructure, and individuals, forcing them to invest in proactive defense measures like threat hunting. The Asia Pacific region is undergoing a rapid digital transformation. This increased reliance on technology creates a larger attack surface for cybercriminals. As per the Fortinet Survey on the State of Security Operations in Asia-Pacific, Phishing and Insider threats are India’s most predominant cyber threats, with Approximately 50% of organizations ranking them as their top concerns. Also, only 44% of businesses have dedicated IT resources for security teams.
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Top Key Companies in Threat Hunting Market:
Major vendors in the global Threat Hunting Market include IBM(US), Kaspersky (Russia), Capgemini (France), CrowdStrike(US), Trustwave(US), Verizon (US), SecureWorks(US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
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About MarketsandMarkets™
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