Market Study on Threat Intelligence Market and its Key Opportunities

Posted on 2019-10-11 by MarketsandMarkets in Technology // 0 Comments

The Threat Intelligence Market is expected to grow from USD 5.3 billion in 2018 to USD 12.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.7% as per a report by MarketsandMarkets.

The key factors driving the threat intelligence market include rise in inter connectivity due to Internet of Things (IoT) and Bring Your Own Device (BYOD) trends; increasing number of targeted attacks and ubiquitous Advanced Persistent Threats (APTs); organizations’ need to deploy next-gen cyber security and stringent directives for data protection.

Why high demand for cloud-based threat intelligence solutions in SMEs is a growth opportunity?

SMEs are widely targeted by cyber-attackers. SMEs across verticals do not have stringent security measures for safeguarding their data, networks, endpoints, and applications. These enterprises still do not have ATI solutions to identify and combat the evolving threat landscape. Cyber-attacks such as WannaCry, NotPetya, ransomware, and malware bypass the traditional security systems easily. Hence, SMEs need to shift from traditional threat intelligence solutions to cloud-based intelligence solutions for collecting security feeds, which would help in securing web and mobile applications, and network infrastructure throughout the development, production, and implementation phases. The cloud deployment mode provides flexibility, scalability, and cost-effectiveness to streamline business operations. With SMEs shifting their focus to cloud solutions, cloud-based threat intelligence solution and service providers are expected to witness increasing growth opportunities for safeguarding the data of SMEs from security breaches and vulnerabilities. The cloud-based security solutions have proven to be a strategy to meet the rising demand for IT security. With the increasing concerns about cloud and enterprise safety, the demand for integrated, cloud-based threat intelligence solutions has also increased to detect and protect against advanced threats.

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Key Market Players for Threat Intelligence Market

The threat intelligence market comprises major solution providers, such as Symantec (US), IBM (US), FireEye (US), Check Point (US), Trend Micro (Japan), Dell Technologies (US), McAfee (US), LogRhythm (US), LookingGlass Cyber Solutions (US), Proofpoint (US), Kaspersky (Russia), Group-IB (Russia), AlienVault (US), Webroot (US), Digital Shadows (US), Optiv (US), ThreatConnect (US), CrowdStrike (US), Farsight Security (US), Intel 471 (US), Blueliv (Spain), PhishLabs (US), DomainTools (US), Flashpoint (US), and SurfWatch Labs (US). The study includes an in-depth competitive analysis of these key players with their company profiles, recent developments, and key market strategies.

The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and upgradations; and partnerships, agreements, and collaborations, have been the most dominating strategies adopted by the major players, which helped them innovate their offerings and expand their audience.

Symantec’s products are tailored and catered to a wide range of verticals. The company helps customers to have overall security against cyber-attacks by delivering products in areas of threat intelligence, Security Information and Event Management (SIEM), log management, security and vulnerability management, Identity and Access Management (IAM), risk and compliance management, incident forensics, and User and Entity Behavior Analytics (UEBA). The company has adopted organic and inorganic growth strategies to improve its market share and increase its annual revenue. It strengthens its product portfolio through frequent product upgradations and new product launches. It has a strong global presence and continues to strengthen its regional existence through frequent business expansions.

FireEye was founded in 2004 and is headquartered in California, US, with successful established international offices in California, Virginia, Ontario, Sydney, Bangalore, Taipei, Cork, and Dubai. The company’s offerings proactively assess and manage the relevant risks to detect and prevent attacks. In June 2018, FireEye partnered with Gigamon to improve threat defenses across their customers’ security infrastructures.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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