Market Highlights
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.
Threat intelligence platforms are critical security tools as the volume and complexity of threats is increasing exponentially. The platform detects malicious activity inside the enterprises’ network. The platforms are deployed as a SaaS or on-premise solution to facilitate the management of cyber threat intelligence and associated entities such as actors, campaigns, incidents, signatures, bulletins, and tactics, techniques, and procedures (TTP). The platform is capable of aggregation of intelligence from multiple sources, which can be integrated with existing security systems. The platform analyzes the data and shares insights related to threat intelligence.
Competitive Landscape
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 threat intelligence market vendors.
Segmentation:
The global threat intelligence market 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.
Regional Analysis:
The global threat intelligence platform market is estimated to register a CAGR of 21.4% during the forecast period from 2019 to 2024 to reach USD 6.6 billion. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the dominating regional market in terms of the adoption of threat intelligence platform. For the purpose of analysis, the North American market has been segmented into the US, Canada, and Mexico. Compliance with regulations and standards such as General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), Sarbanes–Oxley Act (SOX), Gramm–Leach–Bliley Act (GLBA), Payment Card Industry Data Security Standard (PCI DSS), and Federal Information Processing Standard (FIPS) are driving the market growth in North America. The US is the leading country-level market, while Mexico is projected to be the fastest-growing market during the forecast period.
The European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The growth of this market can be attributed to the high adoption of threat intelligence platforms in the BFSI, telecommunications and IT, government, and healthcare sectors. The UK is the leading country-level market in terms of market share, while Germany expected to register the highest growth rate during the forecast period.
Industry Updates
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.
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