Threat Intelligence Market Size to Reach USD 20.28 Billion in 2028
The global threat intelligence market is predicted to reach USD 20.28 billion in 2028, growing at a compound annual growth rate (CAGR) of 8.1 percent over the five years. The increased prevalence of cyber-attacks, as well as growing worries about the necessity for ongoing high-level surveillance, are some of the key drivers that are predicted to drive market revenue growth throughout the forecast period. To provide a more advanced security infrastructure and quick response to new cybersecurity threats, real-time threat information is largely employed for threat perception. The use of threat intelligence also allows for the more rapid and efficient detection of hostile actions in an organization’s network infrastructure, as well as the performance of analysis to provide important insights into the likely motivations behind cyber-attacks. Organizations all over the world are concentrating their efforts on incorporating threat intelligence into their cyber-security infrastructure to raise the overall level of cyber-security.
With the help of threat intelligence, security teams can make quicker decisions and take swifter action to reduce or prevent potential threats more effectively. Threat intelligence provides real-time feeds and warnings about ongoing security incidents, novel technologies, and active threats. Threat intelligence solutions are tailored to meet the specific requirements of industrial control systems, and they provide increased security and vulnerability management capabilities as well. Advanced cybersecurity solutions, such as threat intelligence, are becoming increasingly popular, hastening the pace of digitalization across industries, and this is expected to continue to fuel revenue growth for this market in the years ahead.
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The following are some of the report’s most important findings:
The retail industry generates massive amounts of data through a variety of channels, including social networking platforms, blogs, and online sales applications. In physical establishments, a variety of connected devices, such as point-of-sale systems at kiosks and portable devices, are used to collect, store, and retrieve information about customers. With the rapid expansion in data volumes in the retail industry, as well as the increasing likelihood of data breaches and data loss, the demand for threat intelligence solutions in the retail sector has been dramatically increased recently.
It is anticipated that revenue from the cloud-based category will grow significantly throughout the predicted period. The acceptance and implementation of cloud-based solutions have increased among small and medium-sized businesses in recent years, which can be ascribed to the cost-effectiveness of this solution. Because of the lower costs connected with infrastructure, software, and hardware and equipment, cloud-based deployment has been gaining popularity among businesses, which has resulted in a significant reduction in capital investment.
In terms of revenue share, North America is predicted to account for a considerable portion of the market, which can be due to the increasing incidence of cyber threats and data breaches, as well as the substantial presence of major IT and telecom, as well as BFSI firms, in the area Another key contributor to the revenue growth of the market in the region is the presence of top threat intelligence solutions providers such as Cisco, IBM Corporation, WMware, Inc., and DXC Technology.
Several large businesses are active in the market, including McAfee LLC, Check Point Software Technologies Limited, IBM Corporation, VMware Inc.; Cisco; DXC Technology; Trend Micro Inc.; Verizon; FireEye; and SecureWorks Inc.; among others.
In May of this year, Insight Partners, a venture capital and private equity firm based in the United States, finalized the acquisition of Recorded Future, a cybersecurity company that specializes in threat intelligence. The acquisition will aid in the expansion of Recorded Future’s customer base, which will allow the company to better handle the unique intelligence challenges that organizations confront.
Emergen Research has divided the worldwide threat intelligence market into the following categories for this report: mode of deployment, organization size, application, industry vertical, and geography.
Outlook for Mode of Deployment (Revenue in Billion Dollars; 2018–2028)
Forecast for the size of on-premises cloud-based organizations (in terms of revenue, in billions of dollars; 2018–2028)
Small and medium-sized businesses (SMEs)
Large Enterprises Application Outlook (in terms of revenue in billions of dollars; 2018–2028)
Information and Event Management (SIEM) is a type of information security management.
Security and Vulnerability Management Security Analytics Incident Response Risk and Compliance Others Industry Vertical Outlook (Revenue, USD Billion; 2018–2028) Security and Vulnerability Management Security Analytics Incident Response Risk and Compliance Others
Regional Outlook (Revenue, USD Billion; 2018–2028) for Information Technology, BFSI, Healthcare, Manufacturing, Retail, and Other Industries.
- North America, namely S. Canada
- K. \sFrance \sItaly \sSpain
- Europe as a whole
- China and India are located in the Asia Pacific region.
- South Korea and the rest of the Asia-Pacific
- Latin America is a continent that includes
- Brazil and the rest of Latin America
- Africa and the Middle East
- Saudi Arabia is a country in the Middle East.
- A.E. South Africa and the rest of the MEA