Threat Intelligence Market with COVID-19 Analysis, by Component (Solutions, Services), Application, Deployment Mode, Organization Size, Vertical (BFSI, IT and ITeS, Retail, and Healthcare and Life Sciences) Region and forecast till 2027.
Threat Intelligence Market
The global threat intelligence market is expected to grow at a compound annual growth rate (CAGR) of 6.5 percent from USD 11.6 billion in 2021 to USD 15.8 billion by 2026. This expansion is attributed to government and enterprise R&D investments in developing robust threat intelligence solutions, as well as an increase in demand for professional and managed security services. Increased venture capital funding and increased investments in threat intelligence will drive market growth. Today, digital technologies are at the heart of nearly every industry. Automation and increased connectivity have revolutionised the world's economic and cultural institutions, but they have also introduced risk in the form of cyberattacks.
Drivers: Digital technologies and industrial systems are being added
Because of the evolving technological landscape, several industry verticals are undergoing global transformation. As a result, digital technologies and industrial systems have merged into a single ecosystem. This opens up lucrative opportunities for technologies such as M2M communication and the Internet of Things. Secure control systems are required for industries, particularly for equipment deployed in harsh environments such as subsea oil wells or mines. Failure of such equipment operating under such conditions can be potentially disastrous, resulting in heavy financial losses associated with operations and endangering the lives of several people in close proximity to these sites. COVID-19 responses have increased the adoption of digital technologies.
Restraints: Threat intelligence solutions have high acquisition costs
Investments in threat intelligence solutions are critical for maintaining a country's overall economic stability and strengthening its security posture. For smooth and secure operations, the implementation of threat intelligence solutions necessitates company-wide coverage, which raises infrastructure costs. As a result, several operators find threat intelligence solutions to be an expensive proposition. Current threat intelligence standards call for strong multi-factor authentication to ensure that only authorised individuals have physical and logical access to critical assets. Due to limited resource availability, operators prefer multi-threat solutions over threat intelligence solutions.
Impact of COVID-19
With the rise of remote work and collaboration, cloud computing has emerged as a valuable ally for businesses. The COVID-19 situation has fueled a surge in demand for threat intelligence solutions. Many organisations believed that moving sensitive data stored in the cloud could be risky prior to this pandemic. However, following the pandemic, there has been a surge in cloud solution deployment, paving the way for the need for threat security solutions.The COVID-19 has resulted in an increase in email phishing crimes. Scammers are using COVID-19 as a bait to make money. The increase in remote activities, such as teleworking, has increased reliance on email for communication, creating an ideal environment for email fraud schemes.
Segmentation By Component:
By Component the market is segmented into Solution & Services. The services are likely to show a rapid growth during the market forecast period.
Segmentation By Deployment Mode :
Based On the deployment mode the market is segmented into On-Premises and Cloud.
Segmentation By Organization sizes:
Based on the organization sizes the market is segmented into small & medium enterprises and large-scale enterprises.
Segmentation By Application:
Based on the application the market is segmented into Security Information and Event Management ,Government, Risk, and Compliance ,Business Continuity Planning and Management.
Segmentation By Vertical:
Based on the vertical segmentation the market is segmented into Banking, Financial Services and Insurance Healthcare and Lifesciences, Retail & E-Commerce, Manufacturing Utilities
and Other Verticals. Retail is expected to account for a sizable portion of the market. Share Retail is experiencing massive data generation via various channel modes, such as social sites, blogs, and data generated from various apps. Much of the unstructured data produced is left unused, despite the fact that it contains valuable information. The digital transformation is not limited to the E-commerce channel, as an increasing number of connected devices have made their way into physical stores in the form of kiosks, point-of-sale (POS) systems, and handheld devices, all of which are designed to collect and access customer data.
Segmentation by Region
Based on region, the NGS services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. During the forecast period, Asia Pacific will have the highest CAGR.Threat intelligence projects are increasingly being funded by Asia Pacific countries. Australia, South Korea, and the rest of Asia Pacific are among the region's emerging economies. The region is a mix of developing and developed countries, with the greatest concentration of SMEs. The growing cyber-attacks are increasing the vulnerability of critical data stored by organizations. These cyber-attacks are adversely impacting revenue; therefore, with respect to these statistics, enterprises and governments in APAC have started investing more and more in threat intelligence solutions.
Competitive Landscape:
The key players covered in the threat intelligence market include IBM (US), Cisco (US), Trend Micro (Japan), McAfee (US), Mimecast (UK).
Industrial Development:
In February 2022, IBM acquired Sentaca (US), a leading telco consulting services and solutions provider. This acquisition will accelerate IBM’s hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses.
In February 2022, SentinelOne, an autonomous cybersecurity platform company, announced a new integrated solution with Mimecast designed to improve end-to-end threat protection, accelerate incident response, and minimize delays for security teams. With SentinelOne and Mimecast solutions, security teams can leverage cooperative defenses and rapidly respond to threats across email and endpoints for a holistic approach to incident response powered by XDR automation.
In November 2021, IBM acquired ReaQta (Netherlands) to utilize ReaQta’s endpoint security solutions that are designed to leverage AI to automatically identify and manage threats, while remaining undetectable to adversaries.
Market taxonomy
By Component:
- Solutions
- Services
- Security Information and Event Management
- Government, Risk, and Compliance
- Business Continuity Planning and Management
- Cloud
- On-premises
- Large Enterprises
- SMEs
- IT and ITeS
- BFSI
- Healthcare and Life Sciences
- Retail and eCommerce
- Manufacturing
- Other verticals (transportation and warehousing; arts, entertainment, and recreation; and educational services)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Threat Intelligence Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Threat Intelligence Market, By Component
- 5.1 Y-o-Y Growth Comparison, By Component
- 5.2Threat Intelligence Market Share Analysis, By Component
- 5.3Threat Intelligence Market Size and Forecast, By Component
- 5.3.1 Solution
- 5.3.2 Services
- 6 Threat Intelligence Market, By Deployment Mode
- 6.1 Y-o-Y Growth Comparison, By Deployment Mode
- 6.2 Threat Intelligence Market Share Analysis, By Deployment Mode
- 6.3 Threat Intelligence Market Size and Forecast, By Deployment Mode
- 6.3.1 On-Premises
- 6.3.2 Cloud
- 7 Threat Intelligence Market, By Organization Size
- 7.1 Y-o-Y Growth Comparison, By Organization Size
- 7.2 Threat Intelligence Market Share Analysis, By Organization Size
- 7.3 Threat Intelligence Market Size and Forecast, By Organization size
- 7.3.1 Large Enterprises
- 7.3.2 Small and medium enterprises
- 8 Threat Intelligence Market, By Vertical
- 8.1 Y-o-Y Growth Comparison, By Vertical
- 8.2 Threat Intelligence Market Share Analysis, By Vertical
- 8.3 Threat Intelligence Market Size and Forecast, By Vertical
- 8.3.1 Banking, Financial Services and Insurance
- 8.3.2 Healthcare and Lifesciences
- 8.3.3 Retail & E-Commerce
- 8.3.4 Manufacturing
- 8.3.5 Utilities
- 8.3.6 Other Verticals
- 9 Threat Intelligence Market, By Application
- 9.1 Y-o-Y Growth Comparison, By Application
- 9.2Threat Intelligence Market Share Analysis, By application
- 9.3 Threat Intelligence Market Size and Forecast, By application
- 9.3.1 Security and Vulnerabilty Management
- 9.3.2 Governance, Risk & Compliance
- 9.3.3 Business Continuity Planning and management
- 10 Threat Intelligence Market, By Region
- 10.1 Threat Intelligence Market Share Analysis, By Region
- 10.2 Threat Intelligence Market Size and Forecast, By Region
- 11 North America Threat Intelligence Market Analysis and Forecast (2021-2027)
- 11.1 Introduction
- 11.2 North America Threat Intelligence Market Size and forecast, By Component
- 11.3 North America Threat Intelligence Market Size and forecast, By Deployment Mode
- 11.4 North America Threat Intelligence Market size and forecast, By Organization Size
- 11.5 North America Threat Intelligence Market size and forecast, By vertical
- 11.6 North America Threat Intelligence Market size and forecast,By Application
- 11.7 North America Threat Intelligence Market Size and Forecast, By Country
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 12 Europe Threat Intelligence Market Analysis and Forecast (2021-2027)
- 12.1 Introduction
- 12.2 Europe Threat Intelligence Market Size and Forecast, By Component
- 12.3 Europe Threat Intelligence Market Size and forecast., By Deployment Mode
- 12.4 Europe Threat Intelligence Market size and forecast, By Organization Size
- 12.5 Europe Threat Intelligence Market size and forecast, By Vertical
- 12.6 Europe Threat Intelligence Market size and forecast, By Application
- 12.7 Europe Threat Intelligence Market Size and Forecast, By Country
- 12.7.1 Germany
- 12.7.2 France
- 12.7.3 UK
- 12.7.4 Rest of Europe
- 13 Asia Pacific Threat Intelligence Market Analysis and Forecast (2021-2027)
- 13.1 Introduction
- 13.2 Asia Pacific Threat Intelligence Market Size and Forecast, by Component
- 13.3 Asia Pacific Threat Intelligence Market size and forecast, By Deployment Mode
- 13.4 Asia Pacific Threat Intelligence Market size and forecast, By Organization Size
- 13.5 Asia Pacific Threat Intelligence Market size and forecast, By vertical
- 13.6 Asia Pacific Threat Intelligence Market size and forecast, By Application
- 13.7 Asia Pacific Threat Intelligence Market Size and Forecast, By Country
- 13.7.1 China
- 13.7.2 Japan
- 13.7.3 India
- 13.7.4 Rest of Asia Pacific
- 14 Latin America Threat Intelligence Market Analysis and Forecast (2021-2027)
- 14.1 Introduction
- 14.2 Latin America Threat Intelligence Market Size and Forecast, By Component
- 14.3 Latin America Threat Intelligence Market Size and Forecast, By Deployment Mode
- 14.4 Latin America Threat Intelligence Market size and forecast, By organization size
- 14.5 Latin America Threat Intelligence Market size and forecast, by Vertical
- 14.6 Latin America Threat Intelligence Market size and forecast, By Application
- 14.7 Latin America Threat Intelligence Market Size and Forecast, Country
- 14.7.1. Brazil
- 14.7.2. Rest of Latin America
- 15 Middle East Threat Intelligence Market Analysis and Forecast (2021-2027)
- 15.1 Introduction
- 15.2 Middle East Threat Intelligence Market Size and forecast, by Component
- 15.3 Middle East Threat Intelligence Market Size and Forecast, by Deployment Mode
- 15.4 Middle East Threat Intelligence Market size and Forecast, By Organization Size
- 15.5 Middle East Threat Intelligence Market size and forecast, By Vertical
- 15.6 Middle East Threat Intelligence Market size and forecast, By application
- 15.7 Middle East Threat Intelligence Market Size and Forecast, By Country
- 15.7.1. Saudi Arabia
- 15.7.2. UAE
- 15.7.3. Egypt
- 15.7.4 Kuwait
- 15.7.5. South Africa
- 16 Competitive Analysis
- 16.1 Competition Dashboard
- 16.2 Market share Analysis of Top Vendors
- 16.3 Key Development Strategies
- 17 Company Profiles
- 17.1 IBM
- 17.1.1 Overview
- 17.1.2 Product Categorys
- 17.1.3 Key Financials
- 17.1.4 Business Segment & Geographic Overview
- 17.1.5 Key Market Developments
- 17.1.6 Key Strategies
- 17.2 CISCO
- 17.2.1 Overview
- 17.2.2 Product Categorys
- 17.2.3 Key Financials
- 17.2.4 Business Segment & Geographic Overview
- 17.2.5 Key Market Developments
- 17.2.6 Key Strategies
- 17.3 TREND MICRO
- 17.3.1 Overview
- 17.3.2 Product Categories
- 17.3.3 Key Financials
- 17.3.4 Business Segment & Geographic Overview
- 17.3.5 Key Market Developments
- 17.3.6 Key Strategies
- 17.4 MCAFEE
- 17.4.1 Overview
- 17.4.2 Product Categorys
- 17.4.3 Key Financials
- 17.4.4 Business Segment & Geographic Overview
- 17.4.5 Key Market Developments
- 17.4.6 Key Strategies
- 17.5 MIMECAST
- 17.5.1 Overview
- 17.5.2 Product Categorys
- 17.5.3 Key Financials
- 17.5.4 Business Segment & Geographic Overview
- 17.5.5 Key Market Developments
- 17.5.6 Key Strategies
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