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 rising level of interconnectivity due to the increasing adoption of Internet of Things (IoT) technology and growing BYOD trends are responsible for a large number of connected devices in present times. Enterprises need to install next-generation cybersecurity solutions, such as threat intelligence platforms, which are likely to fuel the growth of the market in the forecast period. The severe regulations for data protection is another influential factor expected to drive the global threat intelligence platform market. The rising number of targeted attacks and advanced persistent threats (APTs) is also expected fuel market growth over the review period. The inability of SMEs to afford advanced threat intelligence solutions owing to their higher costs is one of the factors expected to hinder the growth of this market over the review period.
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.
The geographic analysis of the global market for threat intelligence platform has been conducted by MRFR for Europe, Asia-Pacific, North America, and the rest of the world.
North America is projected to account for the largest market share over the review period. The growing adoption of IoT and BYOD in this region has led to a rapid increase in the number of connected devices, which consequently increases the risk of cyber attacks and threats. The platform enables the analysts in the enterprises to carry out more in-depth investigations while disseminating intelligence at a faster pace. The large enterprises, as well as the SMEs across several industry verticals, have installed advanced cybersecurity measures such as threat intelligence platforms on a large scale. These major factors contribute to making North America the leading region in the global threat intelligence platform market over the review period. The US contributes to the majority of the market share in North America.
Asia-Pacific is estimated to be the fastest-growing market in the global threat intelligence platform market during the forecast period. The increasing number of targeted attacks, terrorist threats, and APTs is the primary factor which is likely to drive the market in Asia-Pacific. The platform is being massively adopted in developing countries with changing economic scenarios such has India and China, and it empowered enterprises n the region to distinguish threats in time and accelerates the process of exposure and response. Additionally, the growing adoption of cloud-based cybersecurity solutions is a significant factor responsible for the growth of the Asia-Pacific threat intelligence platform market over the forecast period.
The global threat intelligence market size 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.