The global threat intelligence market is projected to value over US$ 12 billion by the end of 2026 and record a CAGR of over 18% during the forecast period of 2019-2026.
With an increase in cyber-attacks and threats, organisations have been investing in discovering viable solutions to the outdated traditional cybersecurity methods. This has led to the growth of threat intelligence.
Threat security is informing the companies about the possible risks and be informed in advance about common and severe breaches. These breaches act as threats to the firm and function on the vulnerability and skewing up incidents which might harm the reputation and stakes of the company. Thus, threat intelligence solutions help inform about the prevailing or emerging hazard to resources and enable them to take intelligent decisions to counter them.
Most threats arrive in the form of emails and malware and thus cybersecurity is a must. It is often hard to determine the threat indicators and thus, threat intelligence is necessary to regularly scan for any suspicious activity. The threat intelligence is a very technical and complex field and thus any new analyst cannot readily start work immediately. The training is tedious and difficult.
Recent developments in the sector are, in 2018, Symantec, a software company, expanded its business in India by opening a Security Operations Center to strengthen global threat hunting, incident response, and security analyst footprint.
In the same year, FireEye, a firm dealing with cybersecurity, partnered with Gigamon, a firm in the technology sector, to improve threat defenses across its customers' security infrastructures.
Threat Intelligence Market: Restraints
+ Complexities in deriving quality information
+ Lack of resources to invest in threat intelligence services
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Threat Intelligence Market Segmentation:
By Solution:
+ Threat Intelligence Platforms
+ Risk and Compliance Management
+ Security Information and Event Management (SIEM)
+ Security and Vulnerability Management (SVM)
+ Identity and Access Management (IAM)
+ User and Entity Behavior Analytics
+ Incident Forensics
The SIEM segment constituted as a major market share last year and is expected to grow at the highest CAGR during the forecast period. This is due to the fact that this segment mainly focuses on cybersecurity and maintaining privacy.
By Service
+ Professional Services
+ Managed Services
By Deployment
+ Cloud
+ On-Premises
The cloud deployment segment is expected to grow at the highest CAGR during the forecast period
Cloud-based threat intelligence solutions are gaining traction in the SMEs segment, as they are cost efficient and do not require purchasing, installing, or maintaining hardware or software. Cloud deployment is also favourable for organizations with strict budgets for security investments.
By Organisation Size
+ Small and Medium-Sized Enterprises
+ Large Enterprises
By Vertical
+ Healthcare
+ Transportation
+ IT and Telecom
+ Manufacturing
+ Banking, Financial Services, and Insurance (BFSI)
+ Energy and Utilities
+ Government and Defense
+ Retail
+ Education
+ Others
The BFSI segment is expected to grow at the highest CAGR during the forecast period
The BFSI vertical being the major target for cybercriminals thus needs real-time detection and protection from advanced threats, and brand protection, which drives the growth of the threat intelligence market in the BFSI segment.
By Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period
APAC includes emerging economies such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying threat intelligence solutions. The APAC threat intelligence market is gaining traction as it provides proactive security measures against the evolving cyber-attacks. SMEs as well as large-scale organizations in the APAC region have become more aware of the increasing cyber crimes and have started adopting threat intelligence solutions and services to combat them. Furthermore, North America is expected to have the largest market share.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
The threat intelligence market comprises major solution providers, such as Symantec (US), IBM (US), FireEye (US), Check Point (US), Trend Micro (Japan), Dell Technologies (US), McAfee (US), LogRhythm (US), LookingGlass Cyber Solutions (US), and Proofpoint (US).
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis on the global threat intelligence market by solution, by service, by deployment mode, my organisation size, by vertical and by region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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