Threat Modeling Tools Market Size - By Component (Solution, Service), By Platform (Web, Desktop, Cloud), By Organization Size (Large Enterprise, SMEs), By End-Use (IT & Telecommunication, BFSI, Healthcare, Manufacturing, Utilities) & Forecast, 2023 – 2032

Threat Modeling Tools Market Size

Threat Modeling Tools Market size was valued at USD 878.8 million in 2022 and is anticipated to grow at a CAGR of over 11% between 2023 and 2032.  The increasing number of cyber threats is driving the market by creating a greater need for organizations to identify and mitigate potential vulnerabilities in their systems & applications. Threat modeling is a proactive approach to cybersecurity that involves identifying potential threats & vulnerabilities in advance, allowing organizations to develop effective security controls and reduce the risk of breaches.
 

As cyber threats become more sophisticated & frequent, the demand for threat modeling tools is expected to continue to grow. These tools can help organizations automate the threat modeling process, identify potential vulnerabilities, and prioritize remediation efforts, thereby improving their overall security posture.
 

Data privacy concerns are hampering the threat modeling tools market growth by creating uncertainty and hesitancy among organizations to adopt new cybersecurity tools. Many organizations are reluctant to share sensitive data with third-party vendors or cloud providers, limiting the effectiveness of threat modeling tools that rely on this data to identify potential vulnerabilities. Data privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), place strict requirements on the collection & use of personal data, which can make it more difficult for threat modeling tools to access and analyze data.
 

Threat Modeling Tools Market Analysis

Threat modeling tools market size from software segment is projected to generate revenue of over USD 1.5 billion by 2032, due to the growing complexity of software applications and the need for effective security controls to protect against potential vulnerabilities. Software components are the building blocks of software applications, and they can introduce potential vulnerabilities if not properly integrated and secured. As such, many organizations are turning to threat modeling tools that can identify potential vulnerabilities in software components and provide guidance on how to mitigate those risks. These tools can analyze the interconnectivity and dependencies of software components, identify potential attack vectors, and provide insights into how to improve overall security.
 

Threat modeling tools market share from desktop-based platform segment will witness a CAGR of 12% during the forecast period, owing to the need for greater customization and control over the threat modeling process. Desktop-based platforms offer greater flexibility and options compared to cloud-based solutions, allowing organizations to customize their threat modeling tools to meet their specific needs. These platforms provide greater control over data privacy & security, as they allow organizations to keep their sensitive data in-house rather than relying on third-party providers. As the threat landscape continues to evolve and become more complex, the demand for desktop-based threat modeling platforms will continue to increase among organizations looking to improve their overall cybersecurity posture.
 

The BFSI segment held over 25% of threat modeling tools market share in 2022, attributed to the highly sensitive data that these organizations handle. Financial institutions are a prime target for cyber attackers, and as such, they must have robust security measures in place to protect against potential breaches. Threat modeling tools can identify potential vulnerabilities in their applications & systems, enabling them to implement effective security controls to reduce the risk of breaches. The regulatory environment for the BFSI segment is highly stringent, with requirements such as PCI-DSS and ISO 27001. These regulations mandate the use of threat modeling tools as part of a comprehensive cybersecurity program, driving product demand in this segment.
 

The North America threat modeling tools market will record over 10% CAGR through 2032, on account of the increasing frequency and sophistication of cyber-attacks, as well as the highly regulated business environment. Many organizations in the region are highly regulated, particularly in industries such as healthcare, finance, and government, creating a strong demand for threat modeling tools. North America is the center of many leading cybersecurity companies and research institutions, which is fostering innovation and accelerating the development of new threat modeling tools. The region has a highly developed IT infrastructure, increasing the need for effective security controls and the demand for threat modeling tools to identify & mitigate potential vulnerabilities.
 

Threat Modeling Tools Market Share

The major companies operating in the threat modeling tools market include

• Avocado Systems
• Cisco Systems Inc.
• Coalfire
• Cymune
• IBM Corporation
• IMQ Minded Security
• Intel
• Irusrisk
• Kenna Security
• Kroll, LLC
• Mandiant

These companies are focused on enhancing the efficiency of threat modeling tools across several industries. In February 2023, Kroll introduced the Kroll Cyber Partner Program, which provides partners with lifetime commissions on the complete range of its cybersecurity solutions.
 

The threat modeling tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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Market, By Component

• Software
• Service

Market, By Platform

• Web-based
• Desktop-based
• Cloud-based

Market, By Organization Size

• Large enterprise
• SMEs

Market, By Application

• IT & Telecom
• BFSI
• Healthcare
• Manufacturing
• Utilities

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • ANZ
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia