Threat Intelligence Market worth 8.94 Billion USD by 2022 – Growing at a CAGR of 18.4% During 2017 to 2022
Global $8.94 Bn Threat Intelligence Market Insights, Opportunity Analysis, Market Shares and Forecasts, 2017 – 2023 – ResearchAndMarkets.com
The threat intelligence market is expected to reach $8.94 billion by 2023, growing at a CAGR of 18.4 %
Threat intelligence is the market of cyber security against the different cyber-attacks and threats such as hacking, phishing scams, ransomware attacks etc. Factors which are driving the growth increased threat of data breach, fast pace adoption among SMEs, and rising adoption of crowd sourced platform for threat intelligence. However, high cost of innovation and budget constraints and low technical integration and low automation capabilities are restraining the growth of market for the forecast period.
Source: BusinessWire
Threat Intelligence Market Growing at a CAGR of 18.4% During 2017 to 2022, Says A New Research at ReportsnReports
Threat intelligence market size is estimated to grow from USD 3.83 billion in 2017 to USD 8.94 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.4% while Research Report covers top 20 Global Leaders with Competitive Strategies, Top Segments, Market Trends, Share, and Regional Outlook in near future.
Major vendors that offer threat intelligence services across the globe are IBM Corporation (US), Dell Technologies, Inc. (US), McAfee LLC (US), Trend Micro Incorporated (Japan), Symantec Corporation (US), Check Point Software Technologies Ltd. (US), Juniper Networks, Inc. (US), FireEye, Inc. (US), LogRhythm, Inc. (US), LookingGlass Cyber Solutions, Inc. (US), Optiv Security, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe), AlienVault, Inc. (US), and Splunk, Inc. (US). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships and collaborations, and acquisitions to expand their offerings in the threat intelligence market.
The market is segmented by solution, service, deployment mode, organization size, vertical, and region. The threat intelligence market by solution includes Security Information and Event Management (SIEM), Advanced Threat Monitoring (ATM) capabilities, Security and Vulnerability Management (SVM), risk management, Identity and Access Management (IAM), and incident forensics. The SIEM segment in the threat intelligence solution market is expected to have the largest market in terms of size, during the forecast period.
“Incident forensics segment is expected to grow at the highest CAGR during the forecast period”
The threat intelligence market by solution includes SIEM, log management, IAM, risk management, SVM, and incident forensics. These solutions protect the systems individually, and when integrated with the threat intelligence platform they provide comprehensive security to the users. The incident forensics segment in the threat intelligence solution market is expected to have the highest CAGR during the forecast period. The incident forensics solution is being deployed as large number of SMEs is adopting this technology to secure their organizations from vulnerabilities.
“Small and Medium-sized (SMEs) segment is expected to grow at the highest CAGR during the forecast period”
The SMEs segment is expected to grow at the highest CAGR, owing to the increasing incidences of cyber-attacks on these enterprises as well as to deploy threat intelligence solutions. SMEs are small in terms of their size but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. Weak cyber security and low budget make the organizations more susceptible to advanced cyber-attacks such as ransom ware, botnets, zero-day attacks, and Advanced Persistent Threats (APTs).However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2017.
Threat intelligence solutions and services have been deployed across various industry verticals, including Banking, Financial Services, and Insurance (BFSI); government; education; energy and utilities; healthcare; IT and telecom; manufacturing; retail, and others. The BFSI vertical is expected to grow at the highest CAGR during the forecast period. However, the government vertical is estimated to have the largest market size in 2017.
Source: PR Newswire
Threat Intelligence Market worth 8.94 Billion USD by 2022
North America is expected to contribute to the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR
North America is expected to have the largest market share and dominate the threat intelligence market from 2017 to 2022, due to the presence of a large number of threat intelligence vendors across this region. The main reason for the high growth in the APAC region is the wide adoption of threat intelligence solutions by both SMEs and large enterprises to protect network infrastructure and web, mobile, and IoT applications from vulnerabilities and to prevent attackers from exploiting the security flaws to access critical information.
The major vendors in the threat intelligence market include IBM Corporation (US), Dell Technologies, Inc. (US), McAfee LLC (US), Trend Micro Incorporated (Japan), Symantec Corporation (US), Check Point Software Technologies Ltd. (US), Juniper Networks, Inc. (US), FireEye, Inc. (US), LogRhythm, Inc. (US), LookingGlass Cyber Solutions, Inc. (US), Optiv Security, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe), AlienVault, Inc. (US), and Splunk, Inc. (US).
Source: Markets And Markets
Threat Intelligence Market Worth $12.6 Billion By 2025 | CAGR: 17.4%
Threat intelligence incident forensics is expected to gain traction over the forecast period. The application of incident forensics initiates actionable security during breach through predictive and reactive analysis. Further, its application investigates the root causes of the breach and contains the damage of an attack. An organization lacking to incorporate advanced intelligence system might pose as a key determinant that significantly affects the mass adoption of incident forensics solution.
Further key findings from the report suggest:
The global threat intelligence market accounted for USD 3,028.9 million in 2016 and is expected to grow at a CAGR of 17.4% from 2017 to 2025
The demand for incident forensics is estimated to reach USD 1,254.8 million by 2025 and is expected grow at a high rate over the forecast period.
The cloud-based deployment in threat intelligence market is estimated to account USD 1,146.4 million in the year 2016.
BFSI emerged as the largest application segment and is estimated to generate revenue over USD 3,282.0 million by 2025.
Threat intelligence demand in manufacturing applications is anticipated to witness moderate growth over the forecast period.
The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of threat intelligence solutions on a large scale. The regional market is expected to grow at a CAGR of 21.1% from 2017 to 2025.
Key players include IBM Corporation, Dell Inc., Symantec Corporation, Check Point Software Technologies Ltd., accounting for a majority share of the overall market in 2016
Source: Grandview Research
Threat Intelligence Market Analysis By Solution (Unified Threat Management, SIEM, IAM, Incident Forensics, Log Management, Third Party Risk Management), By Services, By Deployment, By Application And Segment Forecast, 2014 – 2025
Competitive Insights
The key players in the threat intelligence market include IBM Corporation, Dell Inc., Symantec Corporation, Check Point Software Technologies Ltd. There is a high degree of concentration evident in variety of solutions available in the global market. The key players adopt a variety of competitive strategies to serve the consumers, especially in the developing economies by providing next-generation threat intelligence solution and aiming for higher comitative edge and larger industry share.
IBM Corporation accounts major share in global threat intelligence market. The company offers IBM X-Force Exchange, a cloud-based threat intelligence platform allows an organization or agency to consume, share and act on malicious activity. The company introduced Threat Feed Manager that enables to simplify the data integration without getting out of various sources by putting into one view. IBM Security also offers integrated and intelligent security immune system that eliminates the traditional approach of defense strategy or technology to an existing disjoint and fragmented IT infrastructure.
Source: Grandview Research
Tags: CyberSecurity,Security Intelligence,Threat Intelligence Data,Threat Intelligence Platforms,