Threat Detection Equipment Market Size & Share Report, 2032

The threat detection equipment market is valued at USD 88 billion in 2022 and is expected to grow at a CAGR of over 8% between 2023 and 2032. Rapid technological advancements are driving innovations in threat detection equipment, such as Artificial Intelligence (AI), Machine Learning (ML), data analytics, and IoT, which are being integrated into threat detection systems to enhance accuracy, speed, and efficiency. The acquisition cost of advanced threat detection equipment can be significant, and organizations with limited budgets may face challenges in making substantial upfront investments. In addition to the initial investment, there are ongoing operational expenses associated with maintaining and operating threat detection equipment.