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Increasing threat of data breach due to insider attacks and increasing adoption of crowdsourced threat intelligence platforms trend is expected to drive the threat intelligence market
The threat intelligence market size is estimated to grow from USD 3.83 billion in 2017 to USD 8.94 billion by 2022, at a Compound Annual Growth Rate CAGR of 18.4%.
The threat intelligence market is driven by factors such as the threat of data breach due to insider attacks, fastpaced adoption of threat intelligence solutions among SME's and increasing adoption of crowdsourced threat intelligence platforms trend. However, choosing the right threat intelligence platform that best fits with the security infrastructure is still a concern for the organizations. Furthermore, for the best threat intelligence, the cost of deployment is still high and many enterprises view budgetary constraints as a barrier.
Incident forensics segment is expected to grow at the highest CAGR during the forecast period
The threat intelligence market by solution includes SIEM, log management, IAM, risk management, SVM, and incident forensics. These solutions protect the systems individually, and when integrated with the threat intelligence platform they provide comprehensive security to the users. The incident forensics segment in the threat intelligence solution market is expected to have the highest CAGR during the forecast period. The incident forensics solution is being deployed as large number of SMEs is adopting this technology to secure their organizations from vulnerabilities.
Small and Mediumsized SMEs segment is expected to grow at the highest CAGR during the forecast period
The SMEs segment is expected to grow at the highest CAGR, owing to the increasing incidences of cyberattacks on these enterprises as well as to deploy threat intelligence solutions. SMEs are small in terms of their size but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. Weak cybersecurity and low budget make the organizations more susceptible to advanced cyberattacks such as ransomware, botnets, zeroday attacks, and Advanced Persistent Threats APTs. However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2017.
Asia Pacific APAC is expected to have the highest growth rate during the forecast period
APAC includes emerging economies such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying threat intelligence solutions. APAC is expected to grow at the highest CAGR during the forecast period. The APAC threat intelligence market is gaining traction as it provides proactive security measures against the evolving cyberattacks. SMEs as well as largescale organizations in the APAC region have become more aware of the increasing cybercrimes and have started adopting threat intelligence solutions and services to combat them. Furthermore, North America is expected to have the largest market size in 2017.
Indepth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the threat intelligence market.
By Company Type: Tier 1: 50%, Tier 2: 30%, and Tier 3: 20%
By Designation: CLevel: 60%, Director Level: 20%, and Others: 20%
By Region: North America: 40%, Europe: 15%, APAC: 15%, and Others: 30%
The report includes the study of key players offering threat intelligence solution and services such as IBM Corporation US, Dell Technologies, Inc. US, McAfee LLC US, Trend Micro Incorporated Japan, Symantec Corporation US, Check Point Software Technologies Ltd. US, Juniper Networks, Inc. US, FireEye, Inc. US, LogRhythm, Inc. US, LookingGlass Cyber Solutions, Inc. US, Optiv Security, Inc. US, Webroot, Inc. US, Farsight Security, Inc. US, FSecure Corporation Europe, AlienVault, Inc. US, and Splunk, Inc. US.
The report covers the threat intelligence services across different segments. It aims at estimating the market size and future growth potential of this market, across different segments such as solution, services, deployment mode, organization size, industry vertical, and region. Furthermore, the report also includes an indepth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall threat intelligence market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable gotomarket strategies. The report also helps stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Original Article: Threat Intelligence Market by Solution SIEM, Log Management, IAM, SVM, Risk Management, Incident Forensics, Service Managed, Professional, Deployment Mode, Organization Size, Vertical, and Region Global Forecast to 2022 [Report Updated: 27072017] PricesNEXT ARTICLE
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