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.
The advanced technology is growing at a rapid pace owing to the surge in demand from a wide range of sectors. The evolving cyber-attacks have significantly increased, and the organizations are making significant investments in cyber-security solutions. The increasing vulnerabilities, advancements in digital transformation, and others are making a substantial impact on the malware analysis market. The cyberattackers are finding new ways of attacking systems by enhancing their attack capabilities, resulting in increased sophistication of malware attacks, which is a crucial factor driving the malware analysis market.
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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.
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