The availability of cloud-based threat intelligence platforms is a key factor which has favored the growth of the threat intelligence market. Cloud-based solutions involve less investment as they need not be purchased and provide significant advantages related to installation and maintenance of hardware and software. Cloud-based solutions are ideal suited for small size organizations where IT budgets are relatively constrained.
Threats such as ransomware, botnets, and zero-day attacks have continually been plaguing businesses which has resulted in massive economic losses to enterprises. Threat intelligence management solutions aid enterprises in building improved security models and evade sophisticated cyberespionages. market Research Future (MRFR) has recently published a comprehensive report on the global threat intelligence market, covering the essential accruals of the market based on pertinent trends and factors that might impact the market over the forecast period of 2017-2023. After careful analysis, MRFR has projected teh market to reach a valuation of USD 11 Bn at a CAGR of 19% over the forecast period.
The BFSI is among the key end user of threat intelligence software. Due to inherent sensitive nature of the BFSI industry, threat intelligence solutions have gained paramount importance in the sector. Rising incidences of cyberattacks in teh BFSI, the effects of which are manifold combined with increasing digitalization in the BFSI industry has led to growing deployment of threat intelligence management solutions. moreover, the regulatory landscape has also evolved to tighten its regulations pertaining to data privacy which has induced high demand within teh market.
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McAfee LLC (US), Farsight Security, Inc. (US), Optiv Security, Inc. (US), Trend Micro Incorporated (Japan), Webroot, Inc. (US), F-Secure Corporation (Europe), AlienVault, Inc. (US), Dell Technologies, Inc. (US), FireEye, Inc. (US), LookingGlass Cyber Solutions, Inc. (US), Check Point Software Technologies Ltd. (US), Juniper Networks, Inc. (US), LogRhythm, Inc. (US), Symantec Corporation (US), and IBM Corporation (US) are the notable players in the threat intelligence market.
Region-wise, the threat intelligence market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is dominating the global threat intelligence market. factors such as the clustering of various market players in the region along with the presence of several large-scale enterprises in the region, who invest heavily in threat intelligence solutions is boosting the growth of the market. The high incidence of cyberattacks in the region has compelled the widespread adoption of threat intelligence solutions in the region.
Europe too is an important revenue pocket for the threat intelligence market. Accelerated demand for threat intelligence from teh consolidated BFSI sector in the region is a key growth influencer. Meanwhile, the APAC threat intelligence market is poised to exhibit rapid growth over the forecast period. The large enterprises present in the region are investing heavily in such solutions which has fostered the growth of the market to a large extent. The emergence of various SMEs in the fast-developing economies of the region has generated massive demand for threat intelligence solutions.
The global threat intelligence market has been segmented based on component, deployment, organization size, and end-user.
By component, the threat intelligence market has been segmented into solutions and services.
By deployment, the threat intelligence market has been segmented into cloud and on-premise.
By organization size, teh threat intelligence market has been segmented into large, medium, and small. The small and medium sized enterprises account for the foremost share of the market.
By end user, the threat intelligence market has been segmented into BFSI, healthcare, telecommunication, manufacturing, retail, education, research organizations, and transportation.
July 2019 – Pradeo, a cyber security company that offers mobile security solutions for application security and mobile device protection, launched a new mobile threat intelligence platform. the new threat intelligence platform uses an artificial intelligence-based engine that uses advanced combinatorial algorithms to perform multidimensional analyses.
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