Global Threat Intelligence Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “Threat Intelligence Market” the global threat intelligence market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Threat Intelligence is also known as cyber threat intelligence. The main purpose of threat intelligence is to prevent and help the firm from external threats such as ransomware attack, web application attack, phishing, hacking. It includes the insights about the specific threats that could do damage to the organization. Threats can be from two sources internal or external. Organizations are under terrific pressure to manage the threats. In the online world, cyber criminals are constantly changing their methods to crack the security systems to access confidential information for malicious purpose. Landscape for threat is increasing with the increase of dependency on IT systems. Therefore, it is necessary for organizations to have threat intelligence. Some common threat intelligence tools that are widely used are Cyber Security Platform, Web Proxy, Disassembler, Threat Intelligence Provider, SIEM, Network Traffic Analysis Framework. A variety of these tools could be customized as per the client requirement. The security related issues such as cyber-attacks and data breaches are enhancing the demand for threat intelligence solutions and services.
The increase in adoption of SME’s (Subject Matter Experts) is a major factor for the growth of this industry. Execution and implementation of threat intelligence for cyber security purposes in various sectors of economy have resulted in the boost of the market. However, the cost and the technical advancements hamper and restrict the market. The demand for sophisticated and high-end technology is increasing at high pace. The Banking and Financial Services sector of intelligence market globally drives threat intelligence market significantly due to the increasing demand for better security and solutions to maintain the confidentiality of data. Manufacturing, healthcare and financial services are the top industries that are frequently targeted for cybercrimes.
Threat Intelligence market is segmented on the basis of component as solutions and services. Furthermore, it is bifurcated according to the deployment model which could be cloud or on-premise. Moreover, it is segmented on the basis of industrial sector such as Banking, Financial Services, and Insurance (BFSI), IT & Telecom, Healthcare, Retail, Energy and Utilities, Manufacturing, Education, Government & Defense, Transportation and Others. Market can also be bifurcated on the basis of size of the organization such as small, large and medium firms.
The market is divided on the basis of attacks such as user based, application based and infrastructure based threats.
North America and Europe are rising in this market due to factors such as increasing demand for threat intelligence software or tools and technology advancements. North America holds a significant share in the threat intelligence market in which USA is the leading player with the maximum market share.
The European market holds approximately same potential. Leading countries in Europe are Germany, UK, and France. The Asia-Pacific region is also growing at a considerable rate with the innovations in technology, including countries such as India, China, Japan and rest of the regions of Asia. Latin America Middle East and Africa and Rest of the World holds comparatively less share in this market.
The key market leaders in threat intelligence from USA include IBM Corporations, Dell Technologies Inc., McAfee LLC, Symantec Corporation, Check Point Software Technologies Ltd., LogRhythm Inc., Juniper Networks Inc., LookingGlass Cyber Solutions Inc., Optiv Security Inc., Webroot, Inc., Farsight Security Inc., Splunk, Inc., F- Alienvault Inc. Market leaders from Europe and Asia-Pacific are F-Secure Corporation, Trend Micro Incorporated respectively.
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