Threat Intelligence Market Business Strategy and Industry Segments Poised for Strong Growth in Future 2030
Market Overview
Threat intelligence is data used in warning
companies of all sizes and orders against cybercrimes and online threats. The
menace to assets and disruptions to foil processes can be tackled with the help
of preventive information that provide foresights. The global threat
intelligence market report by Market Research Future (MRFR) contains pertinent
data on latest opportunities and hurdles coupled with growth engines which can
power up the industry for the period of 2022 to 2030 (forecast period). The
unpredictability of the COVID-19 virus and its impact on the industry are
explored in the report.
The global Threat intelligence market size
is expected to reach $21.6 Billion by the end of 2030 at 6.90% CAGR during
forecast period. The rising cyber threats, adoption of crowd sourced
intelligent stages, and adoption by organizations are prime factors driving
market growth. Establishment of predictive intelligence platforms which provide
insights on cyber-criminal behavior and decoding of noise signals can bode well
for the market. Funding by venture capital firms can provide the market the
much-needed impetus to expand in the right direction. This is exemplified by
the funding of CYFIRMA by Goldman Sachs in 2019. The company now provides
solutions to major companies in India, Singapore, and Japan. But high costs of
software are likely to hinder market growth.
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Key Players
The key players in the global threat intelligence
market include- Dell Technologies, Inc. (US), IBM Corporation (US), Symantec
Corporation (US), McAfee LLC (US), Trend Micro Incorporated (Japan), IBM
Corporation (US), FireEye, Inc. (US), Juniper Networks, Inc. (US), Check Point
Software Technologies Ltd. (US), Optiv Security, Inc. (US), LogRhythm, Inc.
(US), AlienVault, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US),
F-Secure Corporation (Europe), and LookingGlass Cyber Solutions, Inc. (US)
among others.
Segmentation
The global threat intelligence market can be
segmented by component, deployment, organization size, and end-users.
By component, it is divided into solutions and
services.
By deployment, it is segmented into on-cloud and
on-premises.
On the basis of organization size, the market can
be segmented as small, large and medium enterprises. Out of these, small and
medium sized enterprises accounted for the largest market share majorly due to
presence of small & medium sized enterprises in the Asia Pacific region and
the increasing need for better network solutions.
By end-users, it is catered towards transportation,
manufacturing, education, retail, government, IT & telecommunication,
healthcare, BFSI, and others. The BFSI segment is expected to be one of the
biggest end-users of the global threat intelligence market owing to rise of
digital payments and spate of online attacks during online transactions. The
spate of cyber breaches and exposure of confidential information is likely to
lead to proactive solutions against online threats.
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Regional Analysis
Regionally, North America accounted for the largest
market share from countries such as U.S. and Canada among others. This is
attributed to the presence of large number of threat intelligence vendors and
the increasing number of large-scale enterprises. The partnership between public
and private agencies is likely to bode well for the market over the forecast
period. Recently, the state of Oklahoma Office of Management and Enterprise
Services (OMES) has agreed to a partnership with Anomali, a threat intelligence
firm to detect cyber threats and compromise on remote workers during the
COVID-19 pandemic.
However, Asia Pacific is expected to grow over the
forecast period. The reason is attributed to growing demand for high-end
technology solutions for security and increasing demand by enterprises to
protect network infrastructure. Consumer awareness of solutions and rising
innovation in phishing are likely to drive the market expansion in the region.
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