Threat Intelligence Market Forecasts to 2028 - Global Analysis By Service, Solution, Mode of Deployment, Organization Size, Application, End Userand Geography

According to Stratistics MRC, the Global Threat Intelligence Market is accounted for $12.58 billion in 2022 and is expected to reach $20.53 billion by 2028 growing at a CAGR of 8.5% during the forecast period. Threat intelligence is factual information, including context, methods, indicators, repercussions, and actionable suggestions, regarding an existing or potential threat to assets. This knowledge can be used to guide the subject's decision-making over how to handle the danger or threat. The best threat intelligence solutions use machine learning to automate the gathering and processing of data, integrate with current solutions, gather unstructured data from various sources, and then make connections by supplying context on indicators of compromise (IOCs) as well as threat actors' tactics, techniques, and procedures (TTPs).

According to international legal firm Reed Smith, online frauds increased by more than 400 percent in March 2020 compared to prior months, while Google disclosed it was filtering more than 18 million malware and phishing emails relating to COVID-19 per day.

Market Dynamics:

Driver:

R&D investments by governments and enterprises

In order to introduce cutting-edge solutions for threat intelligence, governments and commercial companies worldwide are investing in R&D. The vital Infrastructure Security and Resilience (CISR) R&D strategy calls for enhancing the security of vital infrastructure owned and operated by communities, as well as by public and commercial organisations, as well as by foreign partners. The CISR R&D encourages the deployment of action plans for crucial infrastructure upgrades to increase a nation's resilience at the local, regional, and national levels. Investments in R&D are essential to protecting nations' vital infrastructure from cyber attacks. Governments in the US, Europe, and Australia have started public-private partnerships to improve the current research network for maintaining the resilience and security of critical infrastructure. These partnerships focus on information sharing among governments, private organisations, and owners and operators of critical infrastructure.

Restraint:

Lack of trained security analysts

The largest barrier to safeguarding industrial infrastructure is a shortage of security experts. Threat intelligence computer systems, which are used to power industrial infrastructure, need to be protected by qualified cybersecurity experts. Threat intelligence's interconnectedness has made the labour shortage worse. Countries like the UK and Japan are having trouble locating qualified cybersecurity specialists. Despite the rise of the digital economy, there is a growing lack of security experts to handle vital infrastructures. As a result, successful use of threat intelligence systems necessitates the use of qualified and experienced security personnel.

Opportunity:

Accretion of digital technologies and industrial systems

The evolving technological environment causes a global revolution in a number of industrial sectors. As a result, industrial systems and digital technologies have combined to form a unified ecosystem. Technologies like M2M communication and IIoT have significant prospects as a result. Industries require secure control systems, especially for equipment used in harsh environments like mines or undersea oil wells. Failure of this equipment working in these circumstances might have severe effects, endangering the lives of several people living nearby and causing significant operational financial losses.

Threat:

High procurement costs

For a nation to preserve its overall economic stability and improve its security posture, investments in threat intelligence systems are crucial. For efficient and safe operations, the use of threat intelligence systems necessitates company-wide coverage, which raises infrastructure expenses. Threat intelligence systems can turn out to be an expensive investment for certain operators. Strong multi-factor authentication is required by the current threat intelligence requirements to guarantee that only authorised personnel have physical and logical access to key assets. Due to the high cost of threat intelligence solutions and the scarcity of resources, operators choose multi-threat solutions.

COVID-19 Impact:

The COVID-19 scenario has sparked a rise in interest in threat intelligence products. Before this outbreak, many businesses thought it may be dangerous to move critical data housed on the cloud. However, since the pandemic, cloud solution implementation has increased dramatically, opening the door for the demand for threat security solutions. Due to COVID-19, email phishing offences have increased. COVID-19 is being used as a lure by con artists to get money. The increase in teleworking and other distant activities has increased the reliance on email as a means of communication, making it the ideal environment for email fraud schemes. All sectors need to review their security postures as cloud threats amplify quickly. In order to shield themselves from threat actors looking to take advantage of the vulnerabilities in cloud deployments, enterprises are adopting a cloud-centric security approach.

The managed services segment is expected to be the largest during the forecast period

The managed services segment is estimated to have a lucrative growth, due to of a strong intelligence foundation, redemption visibility, monitoring, and control over an organization's security. Security management is offered by threat intelligence managed services based on data obtained from users' business environments and threat landscape dynamics. In order to uncover noteworthy occurrences to further alert the client, it feeds the data points into the systems that are automated using analysis and algorithm. Additionally, the service provider adjusts the organization's security posture for better defence, which is anticipated to expand the market for managed threat intelligence services.

The retail segment is expected to have the highest CAGR during the forecast period

The retail segment is anticipated to witness the fastest CAGR growth during the forecast period. The retail sector is watching massive amounts of data being created through a variety of channels, such as blogs, social media platforms, and applications. The retail business is presently undergoing a digital revolution that is not just limited to the e-commerce channel, since there are many linked gadgets acting as portable devices in physical stores and point-of-sale systems in kiosks, all of which are intended to collect and access consumer information. Demand for threat intelligence is increasing as a result of the retail sectors rapidly expanding data quantities in order to stop data breaches and provide higher levels of security.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to escalating cybercrimes, IoT usage, and cloud-based service use in the Asia Pacific. Security solutions are more in demand as cyber attacks escalate. The industry is being driven by the increased use of IoT and cloud-based services. Due to the rising problems of data theft and an increase in cyber attacks, large corporations as well as a number of SMEs in China, Japan, and India have been investing in security solutions.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to growing worries about cyber threats, data breaches, and the major presence of numerous IT, telecom, and BFSI enterprises. Leading threat intelligence solution providers are also responsible for the region's efficient market expansion.

Key players in the market:

Some of the key players profiled in the Threat Intelligence Market include: Fortinet, Inc., Thales, Anomali, Dell Inc., LogRhythm Inc., Broadcom Inc., IBM, Juniper Networks Inc., Cisco, Forcepoint, Infosys and SOCRadar.

Key Developments:

In March 2021, Anomali announced the availability of its Cloud-Native XDR solution that provides customers with a new dimension of visibility across all security telemetry from endpoints to the public cloud providing precision detection and optimized a response capability that extends across their entire security infrastructure.

In January 2020, Thales entered into a partnership agreement with GE Steam Power to provide a cybersecurity solutions suite for power plant operations.

Services Covered:

• Subscription Services
• Professional services
• Training & Support
• Managed Service
• Other Services

Solutions Covered:

• Log Management
• Unified Threat Management
• Incident Forensics
• Identity and Access Management (IAM)
• Other Solutions

Mode Of Deployment Covered:

• Cloud-Based
• On-premises

Organisation Sizes Covered:

• Large Enterprises
• Small & Medium-Sized Enterprises

Applications Covered:

• Risk & Compliance
• Security & Vulnerability Management
• Incident Response
• Security Analytics
• Security Information & Event Management
• Other Applications

End Users Covered:

• Manufacturing
• Information Technology
• Healthcare
• Retail
• Banking, Financial Services & Insurance (BFSI)
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances