Threat Intelligence Market Outlook
According to a new report by Expert Market Research titled, “Global Threat Intelligence Market Size, Share, Analysis, Report and Forecast 2024-2032″, the threat intelligence market reached a value of USD 10.86 billion in 2023. Aided by increasing implementation of artificial intelligence in threat intelligence and growing adoption of advanced technologies by businesses, the market is projected to further grow at a CAGR of 13.7% between 2024 and 2032 to reach a value of USD 23.45 billion by 2032.
Threat intelligence, often referred to as cyber threat intelligence, encompasses organised, analysed, and refined information about potential or current cyber-attacks on organisations. This intelligence is fundamental for businesses to understand the risks concerning common vulnerabilities, harmful actors, and advanced persistent threats. By leveraging this intelligence, organisations can equip themselves with a proactive approach to their cybersecurity stance, facilitating advanced preparation and informed decision-making in the event of potential cyber threats.
One of the primary threat intelligence market trends is the mounting prevalence of cyber threats and breaches across the globe. As businesses undergo extensive digital transformations and move their operations online, they become vulnerable to a host of cyber threats, necessitating a robust defence mechanism. Threat intelligence platforms provide these organisations with insights into potential vulnerabilities, enabling them to rectify weak points before they’re exploited.
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Simultaneously, advancements in artificial intelligence and machine learning have greatly boosted the threat intelligence market growth. Modern threat intelligence platforms, empowered by these technologies, can predict potential threats by analysing patterns, thereby providing companies with an even more proactive line of defence against cyber adversaries.
In the world of expanding digital footprints, the challenge posed by shadow IT and the Internet of Things (IoT) cannot be ignored. With employees using unapproved software and devices that might not conform to an organisation’s security protocols, the surface area for potential attacks has grown substantially. This reality further accentuates the threat intelligence market demand.
The importance of threat intelligence is also underscored in highly regulated sectors, such as banking and finance, healthcare, and government. These sectors deal with sensitive data, the breach of which can result in significant financial and reputational losses, or even national security threats. As a result, organisations within these sectors are increasingly investing in advanced threat intelligence solutions to safeguard their critical data assets.
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Threat Intelligence Market Segmentation
The market can be divided based on type, deployment mode, application, end use, and region.
Market Breakup by Type
- Solutions
- Services
Market Breakup by Deployment Mode
- Cloud
- On-premises
Market Breakup by Application
- Security Information and Event Management
- Government, Risk and Compliance
- Business Continuity Planning and Management
Market Breakup by End Use
- BFSI
- IT and Telecommunications
- Retail
- Manufacturing
- Utilities
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global threat intelligence market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Broadcom Inc.
- Juniper Networks, Inc.
- AT&T Inc
- Trend Micro Incorporated
- CrowdStrike Inc.
- Check Point Software Technologies Ltd.
- Webroot LLC
- LookingGlass Cyber Solutions Inc.
- Musarubra US LLC
- NSFOCUS, Inc.
- Others
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