Threat Intelligence Market By Component (Solutions, Services) , By Application (Security Information and Event Management, Government, Risk and Compliance, Business Continuity Planning and Management) By Deployment Mode (On-premise, Cloud) By Enterprise S

Threat Intelligence Market By Component (Solutions, Services) , By Application (Security Information and Event Management, Government, Risk and Compliance, Business Continuity Planning and Management) By Deployment Mode (On-premise, Cloud) By Enterprise Size (Large Enterprises, SMEs) By Industry Vertical (IT and Telecom, BFSI, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

The threat intelligence market was valued at $5.1 billion in 2023, and is projected to reach $29.7 billion by 2032, growing at a CAGR of 21.6% from 2024 to 2032.

Threat intelligence involves gathering, analyzing, and interpreting data related to cyber threats. It majorly focuses on collecting information about potential or existing threats that could harm an organization's digital infrastructure. This intelligence can include details about attack vectors, threat actors, vulnerabilities, and tactics used by cybercriminals. As cyber threats become more sophisticated, the demand for robust threat intelligence services is growing, making it an essential part of modern cybersecurity operations.

Alarming increase in complex and frequent cyber threats has boosted the need for effective threat intelligence solutions to safeguard sensitive data and infrastructure. The news article CYBER ATTACKS! published by AJS South Africa in 2024—a legal technology company providing software solutions—claimed that approximately 6 billion malware attacks were registered globally in 2023. Moreover, surge in adoption of digital transformation and cloud technologies has significantly augmented the demand for real-time threat intelligence to tackle security challenges, thus boosting the market growth. In addition, increase in penetration of IoT notably contributes toward the growth of the global market. This is majorly attributed to the fact that connected devices increases the risk of attacks, wherein threat intelligence solutions help to monitor vulnerabilities and threats across these devices. The growth of the global market is further driven by increase in awareness of internal security risks, such as malicious or unintentional actions by employees, is fueling the market growth. Furthermore, rise of cyber espionage and politically motivated cyberattacks has accelerated the need for robust threat intelligence solutions, thereby fostering the market growth. However, dearth of professionals with expertise in threat intelligence hampers organizations' ability to effectively implement and leverage these solutions, which, in turn, restrains the growth of the global market. Moreover, high cost associated with implementing advanced threat intelligence solutions acts as a key deterrent factor of the market. On the contrary, manufacturers have focused on integrating AI and ML into threat intelligence platforms helps in automating threat detection, analysis, and response, which is expected to offer lucrative opportunities for the expansion of the market during the forecast period.

The threat intelligence market size is segmented on the basis of component, application, deployment, organization size, industry vertical, and region. By component, the market is bifurcated into solutions and services. As per application, it is classified into security information & event management, government, risk & compliance, and business continuity planning & management. Depending on deployment, it is fragmented into cloud and on-premise. According to organization size, it is segregated into large enterprise and small and medium-sized enterprise. On the basis of industry vertical, it is categorized into IT & telecom, BFSI, healthcare & life sciences, retail & e-commerce, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

By component, the solutions segment accounted for the largest share of the threat intelligence market in 2023.

On the basis of application, the security information & event management segment garnered maximum share in 2023.

Depending on deployment, the on-premise segment was the major shareholder in 2023.

As per organization size, the large enterprises segment dominated the market, in terms of share, in 2023.

According to industry vertical, the IT & telecom segment accounted for the largest share in 2023.

Region wise, North America was the major revenue generator in 2023.

Competition Analysis

Competitive analysis and profiles of the major players in the global threat intelligence market include Anomali, Inc., Broadcom, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike, Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC, Microsoft Corporation, and Palo Alto Networks, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the global market.

Key Market Segments

By Component

Solutions
Services

By Application

Security Information and Event Management
Government
Risk and Compliance
Business Continuity Planning and Management

By Deployment Mode

On-premise
Cloud

By Enterprise Size

Large Enterprises
SMEs

By Industry Vertical

IT and Telecom
BFSI
Healthcare and Life Sciences
Retail and eCommerce
Manufacturing
Others

By Region

North America
U.S.
Canada
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Colombia
Argentina
Rest of Latin America
MEA
Saudi Arabia
South Africa
UAE
Rest of MEA

Key Market Players

Anomali, Inc.
Broadcom
Check Point Software Technologies Ltd.
Cisco Systems Inc.
CrowdStrike, Inc.
IBM Corporation
Juniper Networks, Inc.
McAfee, LLC
Microsoft Corporation
Palo Alto Networks, Inc.