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Security Intelligence Market Size

ID: MRFR//6988-HCR | 111 Pages | Author: Shubham Munde| May 2024

The Security Intelligence market is experiencing a rather dramatic change caused by the technically very demanding nature cyber threat as and the increased understanding of the need for reactive security measures. Security Intelligence comprises the ability to collect, analyze, and interpret data related to security so as to identify and respond to evolving or looming risks. The Security Intelligence market is developed by these factors- technological changes, new threat landscape, legal regulations and the growth of the customer's demand on their security systems.

At the core of the shaping of the Security Intelligence market is a multiplier, which is a constantly changing nature of cyber threats. While level of threat actors is exhibiting a higher level of sophistication, organizations are adopting the use of intelligence-driven details as the key determinants in blocking and detecting those threats. Through Security Intelligence systems, companies can draw on very large amounts of data, from different sources, thus enabling them to generate actionable intelligence, which they can use to guard themselves against various cybersecurity risks. The surge of cyber attack incidence and sophistication trends from some youngsters has transformed security intelligence from a retaliatory approach to a strategic and proactive one across different industries.

Besides, the rule making system has had the absolute weight in determining the Security Intelligence market pricing. The governments to keep their entire information systems safe, along with regulatory bodies worldwide now have stricter requirements for organizations in providing the safekeeping of sensitive data and cybersecurity. The implementations and obligations of laws including GDPR(General Data Protection Regulation) in different sectors provide the impetus to using the Security Intelligence solutions. Companies are kept on their toes and pushed to elevate the level of their security intelligence infrastructure not only to demonstrate their diligence and adherence to the data protection but also to satisfy the set regulatory guidelines.

Not only do the market dynamics become more and more influenced by security technologies that are developing together but the role of the end users is becoming ever more prominent. Designed Integrated Security Intelligence platforms are continuing to grow more popular among many companies that are looking forward to total solutions which combine data from different security sources. These platforms enable immediate assessment, unification, and reaction to security incidents through distinct visualization and representation of the security status of the organizations. The integration pattern, which is the result of a strategic shift to integrate cyber security strategies to protect in a holistic manner the multipronged challenges contains in the current cyber threats.

Innovations in the market of Security Intelligence, including those concerning artificial intelligence and machine learning technologies, is influenced and positively driven by technological advancements. These technological means empower automated data mining and permits to look for abnormal patterns, and hence, make proactive threat hunt. The security detection, investigation and response become more and more efficient and effective when intelligent automation support Security Intelligence enterprise security solutions. Along with that, threats get more and more rapid responding and organizations minimize the degree of influence from security incidents.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate 6.50%

Security Intelligence Market Synopsis


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. 
 

Figure 1: Security Intelligence Market Size, 2022-2030 (USD Billion)

Security Intelligence Market Synopsis

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


 

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 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.


Security Intelligence Market Key Players


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), Kaspersky Lab (Russia), LookingGlass Cyber Solutions (US), and Intel Corporation (US). Logarithm (US), Fireeye (US), Mcafee (US), ANOMALY (US), j2 Global, Inc. (US), Trend Micro (Japan), Exabeam (US), and Tata Communications (India) are some other players operating in the global market of security intelligence.


Security Intelligence Market Segmentation


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.


Security Intelligence Market Regional Analysis


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.


Intended Audience



  • Investors and consultants

  • Research/Consultancy firms

  • Technology solution providers

  • Government agencies

  • Software developers

  • Network Operators

  • Independent Software Vendors (ISVs)

  • Cloud service providers

  • Cybersecurity solutions developers




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