Threat Intelligence Market Size, Share | Industry Growth Report, 2027
Threat Intelligence Market
The Threat Intelligence Market was valued at USD 10,050 Million in 2019 and is anticipated to expand at a CAGR of 7.8% CAGR over the forecast period (2020-2027).
The factors driving the growth of Threat Intelligence Market includes huge volumes of data generated by big corporations, growing investments in Research and Development by enterprises for developing threat intelligence solutions. Moreover, the transformation of next-generation security solutions, increasing number of data breaches around the world, growing adoption of advanced technologies such as M2M communication, cloud-based services, and Internet of Things (IoT), are some of the factors augmenting the Threat Intelligence Market Size. As per the report published by SecurityMagzine, around, 4,145 publicly disclosed breaches happened in 2021, just 5% less as compared to 2020, which will supplement the demand for threat intelligence solutions in the coming years. In addition, the increasing use of Threat Intelligence Solutions by SMEs, is further expected to propel the Threat Intelligence Market Share in the approaching years.
However, the growth of Threat Intelligence Market is hindered primarily due to increased infrastructure cost for the companies.
The prominent players operating in the market includes IBM Corporation, Webroot Inc., LogRhythm, FireEye, Inc., McAfee, LLC, Fortinet, Inc., Symantec Corporation, Dell Inc., F-Secure Corporation and LookingGlass Cyber Solutions, Inc. among others.
Component – Segment Analysis
Based on the component, the solution segment is projected to expand at a significant CAGR during the forecast period. The enhanced security standards for authorizing user on the basis of access levels and growing use of cloud-based services by companies across the globe, are some of the factors contributing to the growth of the segment.
End-Use Industry – Segment Analysis
Based on the end-use industry, the BFSI segment is expected to grow at a promising rate over the forecast period. The emerging need to prevent cyber-attacks in the banking industry and increasing adoption of mobile banking and E-banking services by consumers, are supporting the growth of the segment.
Region – Segment Analysis
Based on region, the Asia-Pacific region is anticipated to expand at a steady rate during the forecast period. The growing concerns related to data theft and cyber-crimes, increasing number of web applications and regulations imposed by Governments, are some of the key factors accelerating the market growth in Asia Pacific.
Market Segmentation
Global Threat Intelligence Market by Component
SolutionUnified Threat Management
Security Information & Event Management
Identity & Access Management
Log Management
Others
Services
Global Threat Intelligence Market by Deployment Mode
On-Premise
Cloud
Global Threat Intelligence Market by End-Use Industry
BFSI
IT & Telecom
Healthcare
Retail
Government & Defense
Manufacturing
Others
Global Threat Intelligence Market by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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