22nd August 2019 – Global Threat
Intelligence Market is anticipated to reach USD 12.6 billion by 2025.
The market is anticipated to grow at a healthy rate in the years to come. The
development of cyber-attacks against entities and organizations have made
traditional cybersecurity measures virtually outdated; which has given rise to
the necessity of threat intelligence. Threat Intelligence implies information
that supports administrations to understand the risks produced by severe and
common outside threats. In addition, the factors that propel the growth of the
market include collective number of sophisticated cloud several initiatives,
increasing government compliance on data security, and development of
next-generation threat intelligence solutions.
On the other hand, there are factors
that may hamper the growth of the market such as lack of awareness regarding
evolving cyber threats, technical complications, and high cost related tothe
deployment. Threat intelligence industry is anticipated to grow at a
significant CAGR of 17.4% in the upcoming period as the scope, product types,
and its applications are increasing across the globe. The market may be
explored by solution, service, deployment mode, organization size, verticals,
and geography.
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Threat intelligence market may be
explored by solution as Log Management, Security Information and Event
Management (SIEM), Identity and Access Management (IAM), Incident Forensics,
Security and Vulnerability Management (SVM), Risk Management. Threat
intelligence industry may be explored by service as Advanced threat monitoring,
Security intelligence feed, Professional Service, Managed Service, Training and
support, Consulting service. The “Managed service” dominated the market in 2017
and anticipated to maintain its dominance by 2025. Several managed services
offered by threat intelligence sellers are security intelligence feed and ATM.
Managed services helps the clients to increase more insights on the evolving
threats in the security environment. The increase in the customer base from the
SME community and rise in large-scale networks are propelling factors of
managed services.
Threat intelligence market may be
explored by deployment mode as Cloud, and On-premises. The market may be
explored by organization size as Large Enterprises, and Small and Medium-Sized
Enterprises (SMEs). The market may be explored by verticals as Government,
Transportation, IT and Telecom, Banking, Financial Services, and Insurance
(BFSI), Healthcare, Retail, Education, Energy and Utilities, Manufacturing,
Others (Media and Entertainment, Gaming, and Real Estate)
North America accounted for the major
share of the Threat Intelligence Market Size in 2017 and Asia-Pacific is
anticipated to grow at a highest CAGR in the forthcoming period. The growing
number of cyber-crime activities at software application, rising demand for the
web and mobile application, and increasing government & legislation by-laws
are expected to further drive the development of threat intelligence industry
in the Asia-Pacific region.
Some of the key players that fuel the
growth of the threat intelligence industry include Symantec Corporation, iSIGHT
Partners Inc., Looking Glass, Inc., VeriSign, Inc., Dell EMC, Crowdstrike Inc.,
EclecticIQ BV, Alienvault, Inc., ThreatQuotient Inc., and Anomali, Inc.The
leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
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