As per the findings of revised market research by Future Market Insights (FMI), the worldwide threat intelligence market reached a valuation of around US$ 8.8 Bn in 2021, and is expected to surge at a CAGR of 16.3% over the next ten years.
The surging threat of cyber-attacks against organizations and entities has made traditional cybersecurity measures virtually outdated which has given rise to the requirement of threat intelligence.
It is the knowledge that helps organizations to comprehend the risks caused by common and severe external threats. Organizations around the world are increasingly facing risks like zero-day threats, and exploits.
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Thus, solutions such as threat intelligence help to inform an organization about prevailing or emerging hazard to their resources and provides intelligent decisions as a response to them.
Key Takeaways from Market Study
- The South Asia & Pacific market is expected to offer lucrative growth opportunities due to the increasing investments to upgrade the critical IT infrastructure.
- The market in the U.S. is projected to expand at a CAGR of 10.4% through 2031, while that in Germany at around 11.1%.
- Market growth in China, Japan, and India is expected to be much higher, at around 16.4%, 23.5%, and 26.4%, respectively.
- Despite China’s dominance in East Asia, Japan and South Korea will emerge as markets with stronger potential, exhibiting 23.5% and 20.1% CAGR, respectively through 2031.
Impact of COVID-19 on Threat Intelligence Market
The COVID-19 pandemic outbreak has created disruption in many industries, including the threat intelligence market. Many private, as well as government organizations, have allowed their employees to work from home amid the lockdowns, which has created need for monitoring the network security proactively, as people are remotely connected consuming enterprise resources and sharing documents using collaboration tools. Business are increasingly adopting security solutions to manage such security risks in the new home-working environment
Amid the COVID-19 lockdown, there has been surge in potential cyber-attacks such as email phishing, VPN-based attacks, enterprise network attacks and other threat vectors. According to a leading IT security company Barracuda Networks, there has been a surge in spear-phishing email attacks since January 2020, where they detected more than 9000 phishing emails linked to COVID-19 financial donation subjects, alone in the month of March 2020. Hence, implementation of threat intelligence solutions would be highly valuable for the enterprises to conduct forensics investigation by analyzing such security incidents to safeguard the intellectual enterprise data.
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Key Players
Global Threat Intelligence Market key vendors include :
- FireEye
- IBM Corporation
- AT&T Cybersecurity
- Webroot
- McAfee
- LogRhythm
- Trend Micro
- Quick Heal
Implementation Of Digital Technologies Driving Market Growth
With increasing reliance on digital information and sharing of huge amount of data across worldwide, has created many different forms of targeted attacks. Advanced technologies offers new capabilities and features, but also increases the risk.
As, the cyber security landscape is continuously evolving, organizations can’t protect their assets from all types of cyber-attacks and data breaches. As a result, the information and data are at risk. There is been a high need to upgrade the traditional security solutions that are already installed within the premises. According to the 2018 SANS Institute survey, 81 percent of enterprises in 2018 have integrated Cyber Threat Intelligence capabilities.
More Valuable Insights on Threat intelligence Market
A new market research report published by Future Market Insights (FMI) on the global threat intelligence market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.
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Threat Intelligence Industry Survey by Category
By Component:
- Solution
- Threat Intelligence Platforms
- Security Information and Event Management
- Log Management
- Security and Vulnerability Management
- Identity and Access Management
- Risk and Compliance Management
- Incident Forensics
- User and Entity Behavior Analytics
- Services
- Professional Service
- Consulting Services
- Training and Support
- Managed Service
- Security Intelligence Feeds
- Advanced Threat Management
- Professional Service
By Deployment Mode:
- Cloud-Based
- On-Premises
By Industry:
- BFSI
- Government and Defense
- IT and Telecom
- Healthcare
- Retail
- Manufacturing
- Education
- Others
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