ID: MRFR/ICT/6988-HCR | February 2021 | Region: Global | 111 pages
Security Intelligence refers to the real-time collection, evaluation, and response to data generated on an organization’s network undergoing potential security threats. The security intelligence solution offers actionable insights related to the threat data, which is compiled from the security information and event management (SIEM), log management, user behavior analytics, and other tools and sources to aid incident response planning and decision-making around data breaches.
As cybersecurity threats and attacks continue to grow and evolve, advanced security solutions are becoming more and more important, with security intelligence leading the way. Security intelligence solutions offer analytics which enables identification, managing, and prioritizing the cyber-threats that pose the maximum risk to the organization. This increases the accuracy and speed of threat information dissemination and offers enterprises the flexibility to implement a threat defense strategy, which enhances security. The increasing sophistication of cyber-attacks, rising need to secure enterprise communications, and growing adoption of BYOD trend across enterprises are the factors driving the growth of global security intelligence market. Lack of qualified information security professionals is hampering market growth. The market seeks opportunities from changing regulations across geopolitical boundaries, which demands compliance requirements. Data security Issue is the major challenge faced by the market. Emerging technologies such as blockchain and artificial intelligence (AI) in cybersecurity is expected to have a significant impact on the security intelligence market.
The Prominent Players active in the Global Market of Security Intelligence are IBM Corporation (US), Palo Alto Networks (US), Symantec (US), Alienvault (US), Dell Technologies (US), Check Point (Israel), Trend Micro (Japan), Kaspersky Lab (Russia), LookingGlass Cyber Solutions (US), and Intel Corporation (US).
Logarithm (US), Fireeye (US), Mcafee (US), ANOMALY (US), j2 Global, Inc. (US), Exabeam (US), and Tata Communications (India) are some other players operating in the global market of security intelligence.
The global security Intelligence market has been segmented on the basis of component, organization size, deployment, vertical, and region.
By component, the market has been segmented into solution and services. The solution segment has been further sub-segmented into log management, security information and event management, network forensics, and others. The services segment has been further classified into managed services and professional services. And the professional services have been further classified into consulting services and training and support.
By organization size, the market has been segmented into small and medium enterprises and large enterprises.
By deployment, the market has been segmented into on-cloud and on-premise.
By vertical, the market has been categorized into BFSI, IT and telecommunications, government and defense, manufacturing, healthcare, retail, transportation, and others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Market Research Future (MRFR) study has covered the following countries in the regional analysis of the security intelligence market: the US, Canada, and Mexico in North America. Germany, the UK, France, Spain, Norway, Benelux, and Italy in Europe. China, Japan, India, South Korea, Australia, Malaysia, Indonesia, and the Philippines in Asia-Pacific. Saudi Arabia, Israel, Turkey, and South Africa in the Middle East & Africa; and Brazil, Peru, Chile, and Argentina in South America.
North America currently dominates the global security intelligence market. The region has well-established network infrastructure, is an early adopter of new technology, and holds the presence of a majority of cybersecurity solutions providers. The US, among all the countries in the region, accounts for the largest market share owing to highly skilled expertise and research and development capabilities who aim at providing advanced capabilities to the solution. Europe is following North America and has a significant market share in the global security intelligence market. The increasing number of initiatives taken by the European government to protect data and increasing adoption of cloud-based services is driving the market growth in the regional market.
Asia-Pacific is projected to be the fastest-growing region during the forecast period. Countries in the region such as India, Japan, and China focus on cybersecurity issues, and a growing number of cybersecurity solutions providers are driving the market growth in the region. Furthermore, the rising number of small and medium enterprises demanding cloud-based security intelligence to protect the sensitive enterprise data from potential threats is further driving the market growth. The global security Intelligence market in the Middle East & Africa and South America is also expected to grow at a considerable rate during the forecast period due to the rising demand for security intelligence solutions to protect the enterprise data from sophisticated cyber-attacks and adhere to compliance requirements.
Frequently Asked Questions (FAQ) :
IBM Corporation (US), Palo Alto Networks (US), Symantec (US), Alienvault (US), Dell Technologies (US), Check Point (Israel) are some of the vital players investing heavily in the market to position it at a higher level in the coming years.
Component, organization size, deployment, and vertical are the critical segments upon which the analysis of the Security Intelligence market has been done.
North America is currently gathering the maximum market shares and heading the market to achieve a higher valuation.
It is the Asia-Pacific region, which is the fastest-growing region in gathering market shares during the forecast period.
The factors such as rising sophistication of cyber-attacks, mounting need to secure enterprise communications, as well as developing adoption of BYOD trend across enterprises are influencing the growth of the global security intelligence market.