The Antivirus Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Antivirus Software Global Market Report 2024, The antivirus software market size has grown steadily in recent years. It will grow from $4.09 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to rise in cybersecurity threats, increased connectivity and internet usage, data privacy concerns, business and financial risks, government and regulatory compliance.
The antivirus software market size is expected to see steady growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to ransomware and advanced persistent threats (APTs), integration with endpoint security, IoT security concerns. Major trends in the forecast period include ransomware protection and mitigation, mobile security solutions, security automation and orchestration, identity protection and phishing prevention, regulatory compliance and data privacy features.
The increasing number of cyber-attacks is expected to propel the growth of the antivirus software market in the coming years. A cyberattack is a cyberspace-based attack aimed at disrupting, disabling, destroying, or manipulating a computer or other device intentionally. There is an increase in hacking and data breaches in computers, laptops, and mobiles using viruses or malware. Antivirus software can block or prevent the virus or malware from entering the device and prevents cyberattacks. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, an increase of nearly 13% from the previous financial year. Therefore, the increasing number of cyber-attacks drives the market for antivirus software.
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The antivirus software market covered in this report is segmented –
1) By Type: Computers, Tablets, Smart Phones, Other Types
2) By Operating System: Windows, MAC, Android Or IOS Or Linux
3) By End User: Corporate, Personal, Government
Major companies operating in the antivirus software market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the antivirus software market foster innovation, enhance threat intelligence sharing, and combine expertise to deliver more robust and comprehensive solutions against evolving cyber threats. For instance, in April 2021, AT&T Inc., a US-based telecommunications company, partnered with SentinelOne Inc., a US-based cybersecurity company, to launch AT&T Managed Endpoint Security with SentinelOne, a comprehensive cybersecurity solution offering endpoint protection against ransomware and advanced threats. The solution integrates various security functions into a single software agent and includes 24×7 threat monitoring by AT&T Security Operations Center analysts. It enhances visibility through AI and Machine Learning, tracks every process on endpoints, and provides automated incident response for faster threat detection. The collaboration aims to address the challenges of expanding network perimeters and sophisticated cyber threats, offering organizations greater protection and visibility.
The antivirus software market report table of contents includes:
- Executive Summary
- Antivirus Software Market Characteristics
- Antivirus Software Market Trends And Strategies
- Antivirus Software Market – Macro Economic Scenario
- Global Antivirus Software Market Size and Growth
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- Global Antivirus Software Market Competitive Benchmarking
- Global Antivirus Software Market Competitive Dashboard
- Key Mergers And Acquisitions In Antivirus Software Market
- Antivirus Software Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Tencent Holdings Limited
- Fortinet Inc.
- Symantec Corporation
- McAfee LLC
- Trend Micro Incorporated
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