Global Threat Intelligence Market is valued at USD 9.03 Billion in 2021 and is expected to reach USD 26.15 Billion by 2028 with a CAGR of 17.96% over the forecast period.
Threat Intelligence Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing prevalence of cyber-attacks and data breaches, rising use of cloud-based services & internet-of-things (IoT) devices, and growing adoption of threat intelligence solutions & services in many sectors like BSFI, military, government & healthcare are the factors anticipated to drive the growth of Global Threat Intelligence Market.
Threat intelligence is evidence-based information about an actual or developing threat or hazard to assets, including context, mechanisms, indications, consequences, and actionable recommendations. This information can be utilized to help the subject make decisions about how to respond to the threat or hazard. Machine learning is used in the best threat intelligence solutions to automate data collection and processing, integrate with existing solutions, take in unstructured data from multiple sources, and then connect the dots by providing context on indicators of compromise (IOCs) and threat actors' tactics, techniques, and procedures (TTPs). The cyber security sector is now facing a number of issues, including increasingly persistent and clever threat actors, floods of irrelevant data and false alarms across many, interconnected protection systems, and a significant skills deficit. Many of the ideas Sun Tzu said 2500 years ago about military intelligence are still valid today, in both traditional and cyber intelligence agencies.
The Covid-19 has also impacted many aspects of society, including individuals and corporations. Covid-19 has made everyone dependent on the internet as a desperate measure, and the online ecosystem has played a key role all around the world. This dependence is the key component that contributes to cyber-vulnerabilities. Apart from putting malware into networks, cyber thieves have been discovered to be selling bogus Covid-19 remedies while posing as official institutions via phishing e-mails. In addition, the pandemic has a major impact on cybersecurity. According to international legal firm Reed Smith, online frauds increased by more than 400 percent in March 2020 compared to prior months, while Google disclosed it was filtering more than 18 million malware and phishing emails relating to Covid-19 per day. All these factors have increased the demand for threat intelligence during the pandemic.
Some of the key players for global threat intelligence market are:
Global threat intelligence market report is segmented on the basis of deployment mode, organization size, and application, verticals and region & country level. Based upon deployment mode, global threat intelligence market is classified into cloud and on-premises. Based upon organization size, the market is divided into large enterprises and SMEs. Based upon application, global threat intelligence market is divided into SIEM, security analytics, security & vulnerability management, risk & compliance, incident response and others. Based upon verticals, the market is classified into information, finance & insurance, healthcare & social assistance, retail trade & manufacturing.
The regions covered in the global threat intelligence market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of global threat intelligence is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
One of the major factors driving the growth of global threat intelligence market is the increasing prevalence of cyber-attacks and data breaches globally. Cyber threat intelligence offers a benefit add to cyber threat data, which diminishes vulnerability for the clients, while supporting the customer in recognizing threats and opportunities. This information is utilized to get ready, avoid, and distinguish cyber threats hoping to exploit important resources. Hence, increasing cyber-attacks will raise the demand for the threat intelligence market. For example; according to the Internet Crime Complaint Center (IC3), in 2020, about 15,421 complaints were received connected with Tech Support Fraud from casualties in 60 nations.
In addition, another factor fostering the growth of the global threat intelligence market is the rising use of cloud-based services & internet-of-things (IoT) devices. Cloud computing is broadly utilized and embraced throughout the world consequently IoT relies upon the cloud because of the storage of information and resources. The two computing advances face security threats and it's a significant issue. Cloud-based service provides data security, flexibility, regulatory compliance and high availability & support. Hence rising demand of cloud-based services & internet-of-things (IoT) devices drives the global threat intelligence market. For example; as per the news published on October 18th, 2021, Keysight Technologies delivered another Internet of Things (IoT) Security Assessment programming solution that empowers IoT chip and device producers, just as associations deploying IoT gadgets, to perform complete, automated cybersecurity assessments.
Furthermore, the growing adoption of threat intelligence solutions & services by many sectors like BSFI, military, government & healthcare also drives the market growth. As threat intelligence is used in various industries to protect sensitive information from cyber attacks. Hence, the increasing demand from different industries drives the market growth. For instance; as per the news published on November 8th, 2021, Cyble launched defense Threat Intelligence Solution for law authorization and government offices. This is focused on explicitly helping law authorization and government offices assemble, investigate, and respond to the exposure of very sensitive data, enhanced with Cyble's SIGINT analysis and exploration, which might have suggestions for national safety or international consequences.
However, the lack of awareness about cyber threats may hamper the global threat intelligence market growth. In spite of that, increasing innovation and rising research & development can provide various opportunities for the further growth of the global threat intelligence market.
North America is expected to dominate the global threat intelligence market within the forecast period due to the increasing cyber-attacks, technological advancement, and presence of key players. Increasing cyber-attacks may drive the demand of threat intelligence market in this region. For instance; according to the Federal Trade Commission (FTC), in 2020, there were about 4.8 million identity theft and fraud reports received. Also, the growing advancement in technology and the presence of key players drive the market in this region. For example; as per the news published on December 21st, 2021, Cobwebs Technologies launched of another web intelligence solution intended to further develop security in the public area. Through consistent real-time monitoring, the solution finds dangers across every one of the web's layers to expand protection, visibility, and remediation.
The Asia Pacific is anticipated to grow at a faster in the global threat intelligence market due to the increasing cybercrimes and rising adoption of IoT and cloud-based services in this region. Growing cyber-attacks increases the demand of security solutions. For example; according to the British Bankers' Association (BBA) report, as of March 2021, 30% of global cyberattacks originate from China. Also growing adoption of IoT and cloud-based services drive the market. For instance, in June 2020, Check Point Software Technologies Ltd., the main supplier of network safety solutions internationally, presented CloudGuard Cloud-Native Security. This completely computerized cloud platform empowers clients to consistently ensure their cloud deployments and responsibilities and oversee security through a single pane of glass.
On November 5th, 2021; Tego Cyber Inc. started the advancement of another alternative of its threat intelligence application for joining with the Elastic Security SIEM stage. The arrangement with Elastic Security addresses an additional market for the Tego Threat Intelligence Platform. Elastic has north of 16,000 paying subscribers including 34% of the Fortune 2000. Every one of these clients addresses likely future clients. Tego Cyber plans to develop versions of the Tego Guardian application for incorporation with extra SIEM stages including Devo, AT&T Cybersecurity, IBM QRadar, Exabeam, and Google Chronicle. The objective is to have a version of the Tego Guardian application accessible for combination with the main 10 SIEM platforms inside the following two years.
On July 7th 2021; ZeroFox announced that it had gained dark web threat intelligence organization Vigilante. The arrangement, terms of which were not reported, will see ZeroFox interpretation of Vigilante's worldwide group of agents and experts to make ""the industry’s most robust” dark web intelligence solution. The item, which will have ZeroFox's AI handling capacities baked-in, will likewise give botnet openness observing, customer-specific investigations, and threat monitoring and incident reaction on threat entertainer commitment and resource recovery.
Report Analysis | Details |
---|---|
Historical data | 2015 - 2020 |
Forecast Period | 2021 - 2028 |
Market Size in 2021: | USD 9.03 Billion |
Base year considered | 2020 |
Forecast Period CAGR %: |
17.96% |
Market Size Expected in 2028: | USD 26.15 Billion |
Tables, Charts & Figures: | 175 |
Pages | 200 |
threat intelligence Companies | IBM, Anomali, AT&T, Bitdefender, Broadcom, Check Point, Cisco, CrowdStrike, Cyfirma, Cymulate, DXC Technology, FireEye, Imperva, Infoblox, Infosys, LogPoint, LogRhythm Threat Lifecycle Management, LookingGlass Cyber Solutions, Mandiant Threat Intelligence, McAfee, Others. |
Segments Covered | By Deployment Mode, By Organization Size, By Application, By Vertical |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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