Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.89 Billion | USD 30.01 Billion | 18.0% | 2022 |
The global threat intelligence security market size was evaluated at $9.89 Billion in 2022 and is slated to hit $30.01 Billion by the end of 2030 with a CAGR of nearly 18.0% between 2023 and 2030.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Threat intelligence is evidence-based information pertaining to cyberattacks that cyber security experts organize and examine. This information includes cyber-attack mechanisms, how to identify the attack, how various kinds of cyber-attacks can affect the business, and how one can defend against the cyber-attacks by taking action-oriented decisions. There are various kinds of cyber-attacks such as malware, zero-day exploits, and phishing. Various ways of attacking software systems are emerging consistently with cyberterrorists finding new vulnerabilities in the systems that can be exploited to attack them. Reportedly, threat intelligence assists firms stay informed about new threats and helps in stopping an attack in progress. There are various kinds of threat intelligence including strategic, operational, technical, and tactical.
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Rise in cyber-attacks and need to defend against them to elevate the global market growth
Threat intelligence security tools help firms know the various risks associated with cyber-attacks and help them to defend against them. This factor will boost global market trends. Furthermore, firms deploy software define networking along with using threat intelligence tools for defending their software against malware. Moreover, threat intelligence prevents cyber-attacks swiftly and helps firms save thousands of their currencies by augmenting enterprise security controls at each level of security, thereby accentuating market demand.
Furthermore, the rise in database volumes, unusual privileged user account activity, login anomalies, unusual domain name system requests, and unexplained system configuration or file changes are some of the factors driving the growth of the global threat intelligence market.
High procuring and initial deployment costs to inhibit the global industry expansion
Huge procurement costs as well as initial costs of installing the threat intelligence security tools can prove as a hindrance in the growth path of the global threat intelligence security industry.
Escalating popularity and use of threat intelligence tools to open new growth opportunities for the market across the globe
Large-scale demand for threat intelligence tools such as network traffic analysis tools, malware dissemblers, and security information and event management tools will open new growth avenues for the global threat intelligence security market.
Low availability of skilled professionals to prove as the biggest challenge to the global industry surge
Lack of availability of trained security personnel can prove to be a major challenge to the expansion of the threat intelligence security industry.
Threat Intelligence Security Market: Segmentation
The global threat intelligence security market is sectored into deployment mode, organization size, application, vertical, and region.
In terms of deployment mode, the global threat intelligence security market is divided into cloud and on-premise segments. Apparently, the cloud segment is set to contribute majorly towards the overall market share during the forecast timeline. The segmental surge can be credited to the rise in use of the cloud for data storage & security. Apart from this, cloud-based solution providers offer huge data security and support to the various database as well as software systems.
Based on the vertical, the global threat intelligence security industry is bifurcated into BFSI, healthcare, IT & ITES, retail, manufacturing, and life sciences segments. Furthermore, the BFSI segment, which garnered the largest share of the global industry in 2022, will continue to establish its dominant position even in the upcoming years. The growth of the segment over the projected timespan can be due to a rise in the number of data breaches, data thefts, mobile banking malware, and cyber-attacks witnessed in the BFSI segment.
Report Attributes | Report Details |
---|---|
Report Name | Threat Intelligence Security Market Research Report |
Market Size in 2022 | USD 9.89 Billion |
Market Forecast in 2030 | USD 30.01 Billion |
Compound Annual Growth Rate | CAGR of 18.0% |
Number of Pages | 202 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | LogRhythm Threat Lifecycle Management, IBM Corporation, Cisco Systems Limited, McAfee Corporation, LookingGlass Cyber Solutions, AT& T, Inc., DXC technology, FireEye, Mimecast Limited, Verizon Inc, Infosys Technologies Limited, NSFocus, Webroot, Infoblox, Secureworks, Check Point, Sumo Logic, Broadcom, Cymulate, ThreatConnect, Juniper Networks, SecLytics, Palo Alto Networks Cortex, and Mandiant Threat Intelligence. |
Segments Covered | By Deployment Mode, By Application, By Vertical, By Organization Size, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2022 |
Historical Year | 2016 to 2020 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Threat Intelligence Security Market in the Asia-Pacific To Register Highest CAGR In 2023-2030
The Asia-Pacific threat intelligence security market is set to register the highest CAGR over the forecast timeline. The growth of the regional market in the ensuing years can be owing to rising government investment in threat intelligence ventures. Apart from this, a rise in the number of cyber-attacks in the sub-continent will further contribute to regional market growth.
Furthermore, North America is projected to dominate the global threat intelligence security industry in the ensuing years due to growing cyber-attacks, technological breakthroughs, and the presence of key industry players in the countries such as the U.S. and Canada. Moreover, the rise in adoption of IoT and cloud solution will proliferate the size of the threat intelligence security industry in the region.
Moreover, Latin America will also make significant contributions toward the global market share in the ensuing years subject to a rise in demand for threat intelligence security tools in countries such as Argentina, Chile, and Mexico. Apart from this, the rapidly expanding software industry in Europe will contribute notably towards the global market revenue. Supportive government policies focusing on securing data privacy and reducing data breaches will further drive regional market trends.
The threat intelligence security market profiles key players such as:
By Deployment Mode
By Application
By Vertical
By Organization Size
By Region
FrequentlyAsked Questions
Threat intelligence is evidence-based information pertaining to cyberattacks that cyber security experts organize and examine. This information includes cyber-attack mechanisms, how to identify the attack, how various kinds of cyber-attacks can affect the business, and how one can defend against the cyber-attacks by taking action-oriented decisions. There are various kinds of cyber-attacks such as malware, zero-day exploits, and phishing.
The global threat intelligence security market is projected to expand over 2023-2030 owing to firms deploy software define networking along with using threat intelligence tools for defending their software against malware. Moreover, threat intelligence prevents cyber-attacks swiftly and helps firms save thousands of their currencies by augmenting enterprise security controls at each level of security, thereby accentuating market demand.
According to study, the global threat intelligence security market size was $9.89 billion in 2022 and is projected to reach $30.01 billion by the end of 2030.
The global threat intelligence security market is anticipated to record a CAGR of nearly 18.0% from 2023 to 2030.
The Asia-Pacific threat intelligence security industry is set to account for a major market share in the upcoming years owing to rising government investment in threat intelligence ventures. Apart from this, a rise in the number of cyber-attacks in the sub-continent will further contribute to regional market growth.
The global threat intelligence security market is led by players like LogRhythm Threat Lifecycle Management, IBM Corporation, Cisco Systems Limited, McAfee Corporation, LookingGlass Cyber Solutions, AT& T, Inc., DXC technology, FireEye, Mimecast Limited, Verizon Inc, Infosys Technologies Limited, NSFocus, Webroot, Infoblox, Secureworks, Check Point, Sumo Logic, Broadcom, Cymulate, ThreatConnect, Juniper Networks, SecLytics, Palo Alto Networks Cortex, and Mandiant Threat Intelligence.
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