Growth opportunities in the threat intelligence market look promising over the next six years. This is mainly due to the rising adoption of threat intelligence solutions by SMEs, growing uniqueness in the attacking techniques leaving the data vulnerable, and evolution of next-generation security solutions in various organizations.
Threat Intelligence Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The significant drivers supporting the growth of the global threat intelligence market size are the augmenting acceptance of threat intelligence solutions by SMEs and the expansion of next-generation security solutions in several organizations. Also, the rising uniqueness in attacking techniques that leave the data accessible and the surge in volumes of data generated by different organizations are other factors that may fuel the market growth. For instance, as per the IBM Cost of Data Breach Study, 48% of total breaches in 2018 were precipitated by malicious or criminal attacks. Moreover, the usage of intelligence is attracting several enterprises to figure out threats on the basis of available data points. Attackers are functioning as a legitimate organization, which is endorsed to expand on a wider scale and raises the fear of attack on industries like healthcare, BFSI, government, etc. These factors significantly accelerate the market growth.
Additionally, the widespread outbreak of COVID-19 has positively affected the markets’ rising demand because the dependence of business has drastically inclined in favor of online platforms, which has further fuelled the usage of has positively impacted the growing demand of the market as the dependency of businesses has drastically shifted towards online platforms, which has increased the use of threat intelligence solutions by industries, including retail, manufacturing, BFSI, among others.
The threat intelligence solutions investment is crucial to sustaining the overall economic stability and accelerating a nation’s security posture. Threat intelligence implications demand company-wide coverage for smooth and protected operations, which fuels the cost of infrastructure. This factor may act as a constrain for the growth of the global threat intelligence market.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to witness a higher CAGR during the forecast period owing to the investments by several SMEs and large enterprises in security systems because of the growing issues of data theft and augmented cyber- attacks. Also, the growing number of cyber-crime activities at software applications, expanding government norms and legislation, and the increasing demand for mobile & web applications are other factors that will strengthen the market growth.
Threat Intelligence Market’s Leading Manufacturers:
- F-Secure Corporation
- LogRhythm, Inc.
- IBM Corporation
- Fortinet, Inc.
- McAfee, LLC
- Dell Inc.
- Webroot Inc.
- Symantec Corporation
- LookingGlass Cyber Solutions, Inc.
- FireEye, Inc.
Threat Intelligence Market Segmentation:
Segmentation by Component:
- Solution
- Unified Threat Management
- Security Information & Event Management
- Identity & Access Management
- Log Management
- Others
- Services
Segmentation by Deployment Mode:
- On-Premise
- Cloud
Segmentation by End-Use Industry:
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government & Defense
- Manufacturing
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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