The Threat Intelligence Market is expected to attain a market size of $9.6 billion by 2023, growing at a CAGR of 17% during the forecast period. Threat intelligence is a cyber-security related area of expertise, which is used to understand sophisticated cyber threats and their detection, analysis, and predictive remediation. Threat intelligence solutions are used to effectively and reliably detect threats and negate the same considering security events and security intelligence feeds, managing business risks, reducing potential damage, and improving organizations’ entire security infrastructure. Threat intelligence system is primarily deployed to understand and provide predictive remedies for Advanced Persistent Threats (APTs) and exploits, zero-day threats, and other sophisticated attacks on enterprise network security infrastructure.
The factors that have driven the demand for threat intelligence market are the growing incidences of data breaches by insiders, rapid adoption of threat intelligence solutions among SMEs, and widespread adoption of crowd sourced threat intelligence platforms.
Based on Types, the market is segmented into Solution and Services. Solutions are further divided into Identity & Access Management, Risk Management, Security Information & Event Management, Log Management, Incident Forensics, and Others. Services include Managed Services and Professional Services. Based on Organizations Size, the market is segmented into Large Enterprises and Small & Middle Enterprises. Based on Deployment Type, the market is segmented into Cloud and On-Premise. Based on Verticals, the market is segmented into BSFI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Transportation & Logistics, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa.
The report covers the analysis of key stake holders of the Threat Intelligence Market. Key companies profiled in the report include Check Point Software Technologies, Dell Technologies Inc., Fire Eye, Inc., IBM Corporation, Juniper Networks, Inc., Logrhythm, Inc., McAfee LLC, Symantec Corporation, Looking glass Cyber Solutions, Inc., and Trend Micro, Inc.
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