Threat Intelligence Market Research Report
Gmi ResearchThreat Intelligence Market
Threat Intelligence Market accounted for USD 10,500 Million in 2019 and is projected to witness a CAGR of 7% over the forecast period. Threat intelligence helps organizations comprehend the risk of various external threats by analysing information.
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Rising adoption of threat intelligence solutions by Small and Medium Enterprises owing to the growing cases of cyberthreats will fuel the threat intelligence market size. Attacking techniques have been advanced which has made the data more vulnerable, thereby raising the need for threat intelligence solutions. As per the IBM Cost of Data Breach Study, nearly 48% of all breaches resulted form malicious or criminal attacks in 2018. However, the sudden outbreak of coronavirus encouraged the use of threat intelligence software. The strict lockdown enforced across the nation transformed the business towards online platforms, thus, raising the need for the software by government, healthcare, and BFSI.
By component, the solution segment is predicted to witness a faster CAGR over the forecast period. Identity & access management segment, a sub-segment of solution, will dominate the market owing to the operative standards for users’ validation depending on the access levels. Furthermore, with the inclination to cloud services, identity & access management gained huge prominence to access and handle applications and data by employees without impeding safety protocols.
By end-use industry, the BFSI segment is forecast to grow at a higher share over the forecast period, owing to the growing expenditure in internal breaches and cyber-crime. In addition, the rising number of cyber-attacks in the banking sector has generated a need for strong security posture will fuel the threat intelligence market share.
By region, the Asia-Pacific region is expected to capture a higher share over the forecast period. Increasing investment by small and large enterprises in safety systems owing to the accelerating cases of data theft and cyber-attacks.
Leading players operating in the market include F-Secure Corporation, McAfee, LLC, LookingGlass Cyber Solutions, Inc., Fortinet, Inc., FireEye, Inc., Symantec Corporation, Webroot Inc., IBM Corporation, LogRhythm, Inc., Dell Inc., among others.
Key Developments
In 2020, IBM Security declared its capabilities for Cloud Pak for security solution that enables enterprises to identify, respond, and prevent from threats to their most sensitive data across hybrid cloud environments.
In 2020, McAfee, LLC innovated MVISION XDR, industry’s first proactive and open extended detection & response platform. MVISION XDR improves SOC effectiveness with faster risk mitigation and delivers the total cost of ownership (TCO) for threat response.
Threat Intelligence Market Segmentation:
Threat Intelligence Market by Component
· Solution
o Unified Threat Management
o Security Information & Event Management
o Identity & Access Management
o Log Management
o Others
· Services
Threat Intelligence Market by Deployment Mode
· On-Premise
· Cloud
Threat Intelligence Market by End-Use Industry
· BFSI
· IT & Telecom
· Healthcare
· Retail
· Government & Defense
· Manufacturing
· Others
Threat Intelligence Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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