PUBLISHER: Orion Market Research | PRODUCT CODE: 1159327
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159327
Global Threat Intelligence Market Size, Share & Trends Analysis Report by Component (Solutions, Services, Professional Services, and Managed Services), by Deployment Mode (Cloud-Based and On-Premises), by Application (Security Information & Event Management, Government, Risk, & Compliance, and Business Continuity Planning & Management), and by Verticals (IT, BFSI, Healthcare & Life Sciences, Retail & E-Commerce, Manufacturing, and Others) Forecast Period (2022-2028)
The global threat intelligence market is anticipated to grow at a substantial CAGR of 6.9% during the forecast period. Due to an increase in the adoption of cloud-based technology the market is anticipated to cater considerable growth over the forecast period. According to the data released by the Webtribunal.net, in 2022, the adoption of cloud had been increased to 58% in 2021 from 31% in 2017. As per the study experts, the cloud-based technology reduces costs of goods and services which is the primary reason for rapid rise in adoption globally. With the integration of cloud and threat intelligence, businesses are capable of reducing attack surface by blocking cyber threats and leveraging the global threat community.
The global threat intelligence market is segmented based on the component, deployment mode, application, and vertical. Based on the component, the market is segmented into solutions, services, professional services, and managed services. Based on the deployment mode, the market is sub-segmented into the cloud-based and on-premises. Based on the application, the market is sub-segmented into security information & event management, government, risk, & compliance, and business continuity planning & management. Based on the verticals, the market is sub-segmented into IT, BFSI, healthcare & life sciences, retail & e-commerce, manufacturing, and other verticals. Among the verticals, the IT segment is expected to hold the prominent share of the global threat intelligence market during the forecast period as this vertical is continuously developing in terms of the utilization of technologies. IT industry is also considered to be the early adopter of innovative technology solutions. It requires threat intelligence solutions at a large scale, as the huge amount of data is generated regularly.
Geographically the threat intelligence market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, Europe is anticipated to cater considerable CAGR across the region during the forecast period as the European government and legislation instructed service providers to implement new information security standards or to face penalties. Moreover, the Federal Government is making a substantial contribution to secure cyberspace to maintain and encourage social and economic prosperity.
The major companies serving the global threat intelligence market include IBM Corp, Cisco Systems, Inc., AT&T Intellectual Property, CrowdStrike, Inc., and others. The market players are considerably contributing towards the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, IBM Corp. acquired ReaQta (Netherlands) to utilize ReaQta's endpoint security solutions that leverages Artificial Intelligence (AI) technology to automatically identify and govern threats, while remaining undetectable to adversaries.
Research Methodology
The market study of the global threat intelligence market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: