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Threat Intelligence Market worth over $13bn by 2025

  • Published Date: February 28, 2019

Threat Intelligence Market size is set to exceed USD 13 billion by 2025, according to a new research report by Global Market Insights Inc.

The threat intelligence market revenue is propelled by rise in number of connected endpoints. Most of the connected endpoint devices rely on the internet to interact with other devices. The cybercriminals are using the internet to exploit the connected end point devices to conduct various malicious activities. The cybercriminals are developing applications to hijack the connected devices to manipulate the network. This is promoting the use of threat intelligence solutions to safeguard the network from unauthorized access.

With the rise in cyber-attacks on organizations, regulatory bodies have introduced data protection directives. Due to ever-evolving technological advancements, there has been a simultaneous upsurge in the number cybersecurity attacks across various industry sectors. This has increased the government focus on data protection and its implications.

The regulatory bodies across the globe have issued various guidelines such as General Data Protection Regulation (GDPR) and Cyber Intelligence Sharing and Protection Act (CISPA). mandating the organizations to modernize their security infrastructure. This is encouraging companies to deploy advanced threat intelligence solutions to protect their network.

Threat Intelligence Market

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The healthcare sector in the threat intelligence market is estimated to observe significant growth of more than 13% during the forecast period. Over the last five years, there has been a rise in the number of cyber-attacks in the healthcare industry. The healthcare organizations store a vast amount of personal information data associated with patients, making them prominent targets for cybercriminals. The lack of basic cybersecurity mechanism across the IoT devices is posing risks to the wellbeing of patients.

The mobile-based solutions will witness 18% CAGR through 2025 owing to adoption of trends such as CYOD and digital mobility. The mobile security solutions enable secure access to the company network through remote locations.

Browse key industry insights spread across 295 pages with 436 market data tables & 28 figures & charts from the report, “Threat Intelligence Market Size By Component (Platform [Unified Threat Management {UTM}, Security Information & Event Management {SIEM}, Identity & Access Management {IAM}, Incident Forensics, Log Management, Risk & Compliance Management, User and Entity Behavior Analytics {UEBA}], Services [Professional Services, Managed Services, Subscription Services, Training & Consulting]), By Format Type (Internet-based Solution, File-based Solution, Mobile-based Solution), By Deployment Type (On-Premise, Cloud), By Application (BFSI, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Government), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2014 – 2025” in detail along with the table of contents:

The Asia Pacific threat intelligence market size is predicted to expand at 17% in the coming years. The rise in the number of cybercrime activities is due to increasing penetration of smart devices across various business verticals and growing internet penetration, promoting the use of threat intelligence solutions in the region.

The market is also driven by increasing number of collaborative efforts between the government and cybersecurity providers to modernize the security framework. The government has issued various guidelines mandating private & public sector establishments to upgrade their security infrastructure to combat with the evolving cybersecurity challenges.

The IAM component segment will register over 14% gains till 2025 propelled by extensive adoption of advanced technologies such as BYOD, IoT, and cloud computing. The emergence of digital technologies has encouraged enterprises to build data-driven business models, making the business more agile, flexible, and scalable. However, this exposes organizations to insider attacks and privacy threats. This is encouraging enterprises to adopt IAM solutions to reduce the risks associated with advanced technologies.

The incident forensics segment is predicted to attain a CAGR of over 15% from 2019 to 2025. The rising adoption of incident forensics among SMEs is driving its growth. The incident forensics solutions provide an inexpensive alternative to small enterprises with budgetary constraints to implement threat intelligence solutions.

The companies operating in the threat intelligence market are Accenture, Crowdstrike, Digital Shadows, Flashpoint, IntSights, Palo Alto Networks, Proofpoint, McAfee, Oracle, Kaspersky Lab, Hold Security, IBM, Sophos, Symantec, Recorded Future, Secureworks, Group-IB, FireEye, Check Point Software, ThreatQuotient, Cisco Systems, and TrendMicro.

Authors: Ankita Bhutani, Preeti Wadhwani