The global threat intelligence market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The threat intelligence market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the Threat Intelligence Market Growth compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.According to the forecast report, the threat intelligence market will reach a valuation of USD 11 billion and 19% CAGR by 2027.
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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The global threat intelligence market is expected to grow significantly over the forecast period, 2017-2023. BFSI segment of threat intelligence market globally drives the market majorly due to increasing demand for better solutions for protection of network infrastructure. The market is expected to have higher growth rate as compared to the previous years. The global threat intelligence market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. BFSI segments hold a largest share in the North-American region. The reason is attributed to implementation of threat intelligence solutions, banks and other financial institutions will help to assess the type of threat and detect their patterns in real-time and by reducing suspicious activities.
Also, organizations are looking for better technologically advanced solutions in this region. Therefore, BFSI segment of threat intelligence market accounted for the largest market share.
Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2020-2027. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to security measures against the evolving cyber-attacks and SMEs & large-scale organizations are adopting threat intelligence solutions in this region.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions against cybercrimes such as fitness bands, standard regulation and presence of technical expertise.
LogRhythm, Inc., LookingGlass Cyber Solutions, Inc., F-Secure Corporation, Trend Micro Incorporated, Optiv Security, Inc., Symantec Corporation, IBM Corporation, Webroot, Inc., Juniper Networks, Inc., AlienVault, Inc., Dell Technologies, Inc., McAfee LLC, Farsight Security, Inc., Check Point Software Technologies Ltd., and FireEye, Inc. are prominent players in the global threat intelligence market.
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Threat Intelligence Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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