Threat Intelligence Management

Threat Intelligence Management

Threat Intelligence also known as cyber threat intelligence (CTI), is information gathered from a range of sources about current or potential attacks against an organization. The information is analyzed, refined, and organized and then used to minimize and mitigate cybersecurity risks. It is data and information about threats, threat intelligence management is the collection, normalization, enrichment, and actioning of data about potential attackers and their intentions, motivations, and capabilities. The main purpose of threat intelligence is to show organizations the various risks they face from external threats, such as zero-day threats and advanced persistent threats (APTs). Threat intelligence includes in-depth information and context about specific threats, such as who is attacking, their capabilities and motivation, and the indicators of compromise (IOCs). With this information, organizations can make informed decisions about how to defend against the most damaging attacks. For instance, in Apr 2023, Recorded Future launched an OpenAI GPT model for threat intel. The AI was trained on Recorded Future's large data set and interprets evidence to help support enterprises struggling with cyber defense.

The Threat Intelligence Management Market is expected to grow at a strong rate of around 14% owing to the increasing number of cyberattacks & data breaches coupled with the increasing concerns about the attacking techniques. Major companies in the market offer threat intelligence management with technologically advanced features to prevent data breaching and saving through cyberattacks. For instance, On May 8th, 2022, a national emergency in U.S. was declared due to an ongoing Conti ransomware attack against several Costa Rican government entities.

• Based on component, the market is bifurcated into Solution {Network, Risk, and Identity Management} and Services {Intelligence Feed and Threat Monitoring}. The solution category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the becoming increasingly important in today's digital age as organizations face an ever-evolving landscape of cyber threats. With the rise of sophisticated cyber-attacks, organizations need to be able to respond to potential threats quickly and effectively. Threat Intelligence Management enables organizations to collect, analyze, and disseminate threat intelligence information in a timely and efficient manner. This helps organizations identify potential threats, understand their sources and motives, and take proactive measures to mitigate them. Thus, the demand for threat intelligence management solutions is on the rise, as organizations seek to improve their cybersecurity posture and protect their critical assets.
• On the basis of deployment, the market is bifurcated into On-Premises and Cloud. Among these, the Cloud is expected to grow with a significant CAGR during the forecast period. This is mainly due to the increasingly popular as organizations move their data and applications to the cloud. The cloud provides organizations with greater flexibility, scalability, and cost-effectiveness, but it also introduces new security challenges. In addition, cloud-based threat intelligence management solutions help organizations to collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats. Additionally, cloud-based solutions offer centralized management, scalability, and reduced overhead costs, making them a more cost-effective option than on-premises solutions. Thus, the demand for cloud-based threat intelligence management solutions is increasing as organizations seek to improve their cybersecurity posture and protect their critical assets in the cloud.
• On the basis of enterprise type, the market is bifurcated into SME’s and Large Enterprises. Among these, Large Enterprises are expected to grow with a significant CAGR during the forecast period. This is mainly owing to the factors that help to improve their cybersecurity posture and protect their critical assets. Large enterprises need to be able to respond to potential threats quickly and effectively. These solutions provide organizations with the ability to collect, analyze, and disseminate threat intelligence information in real time, allowing them to quickly respond to potential threats and minimize the impact of cyber-attacks.
• Based on industry, the threat intelligence management market has been classified into BFSI, retail & e-commerce, government & defense, healthcare, IT & telecom, and others. The IT & telecom category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the growing complexity and sophistication of cyber threats within the industry. Industries are responsible for protecting critical infrastructure and sensitive data, making them a prime target for cybercriminals. Threat Intelligence Management solutions enable these industries to collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats and minimize the impact of attacks. Thus, the demand for threat intelligence management solutions in the IT and telecom industry to improve the cybersecurity posture and protect their critical assets.
• For a better understanding of the market adoption of the threat intelligence management industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Russia, South Korea, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly owing to the most technologically advanced regions in the world and being home to many of the world's leading organizations. Organizations face a high risk of cyber-attacks due to the large amount of sensitive data the companies handle and the sophisticated nature of cyber threats. The organizations collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats and minimize the impact of attacks. Additionally, the increasing regulatory focus on cybersecurity in North America, such as the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) standards, is driving the demand for advanced cybersecurity solutions like Threat Intelligence Management. Thus, the demand for threat intelligence management solutions in North America region is increasing as organizations seek to improve their cybersecurity posture and protect their critical assets.
• Some of the major players operating in the market include IBM Corporation; DXC Technology Company; Huawei Technologies Co., Ltd.; Juniper Networks, Inc.; McAfee, LLC; Cisco Systems, Inc.; Broadcom; CrowdStrike; Dell Inc.; VMware, Inc.