Threat Intelligence Market Research Report Information By Component (Solutions and Services) By End User (BSFI, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

Threat Intelligence Market Overview

The global Threat Intelligence Market Size valued at USD 12.9 Billion in 2022. The Threat Intelligence market industry is projected to rise from USD 13.7 Billion in 2023 to USD 23.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 - 2032). Increased cyber vulnerability and increasing demand for enhanced solutions for protecting network infrastructure are the key market drivers enhancing the growth of market.

Figure 1: Threat Intelligence Market Size, 2022-2032 (USD Billion)

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

Threat Intelligence Market Trends

Growing cyber vulnerability is driving the market growth

Market CAGR for threat intelligence is being driven by rising cyber vulnerability. The rising demand for enhanced solutions for the protection of network infrastructure is leading to the growth of the threat intelligence market. Technological advancement is the major trend attaining popularity in the threat intelligence market. The growing digital technologies in data security due to the rising cyber-attacks and the surging implementation of AI in security solutions are expected to fuel the market growth of threat intelligence.

Cybercrime has been increasing for years, and work-from-home situations increased during the pandemic, resulting in the growth of cyberattack rates. Organizations are adopting a work-from-home model, thus increasing the concern about corporate security. On average, a new company becomes a victim of ransomware every 10 seconds globally. The emergence of cloud computing and cybersecurity has changed the adoption of distributed networks from single networks. Threat intelligence solutions offer intuitions into attacks when they occur. Hence, the increased utilization of threat intelligence programs in order to analyze global cyberattacks and threat data is anticipated to fuel the growth of the market.

With the advent of the Internet of Things, nearly all things are connected to the Internet. The security landscape is continuously developing as an emerging threat that targets enterprise networks and IoT devices. The IoT users and software creators focus on utilizing a broad range of current and future technology solutions in order to tackle the cyber-attack risk related to their IoT appliances. The developers of these solutions are as secure as possible to deliver a more secure and safe IoT environment. The market is driven by the utilization of next-generation security services in several firms and their applicability in different markets. Major banking institutions has benefited from the digital platforms, putting them exposed to cyberattacks, having sensitive data and information, and making them vulnerable to hackers. These organization demands for intelligent solutions to these problems to identify network sources that are compromised and creates a strategy to overcome current and future warnings and fear. Thus, driving the Threat Intelligence market revenue.

However, investment in threat intelligence solutions is important for maintaining economic stability and strengthening the security position of the country. The deployment of threat intelligence solutions needs company-wide coverage, secure, and smooth operations, therefore, increasing the infrastructure costs.

Threat Intelligence Market Segment Insights

Threat Intelligence Component Insights

The global Threat Intelligence market segmentation, based on components, includes Solutions and Services. The solutions segment dominated the market, and accounts for the largest market revenue as the operational security teams can save time and raise the effectiveness with real-time insights from the threat intelligence solutions. The growing adoption of solutions like security information and event management, log management, identity and access management, security and vulnerability management, incident forensics, risk and compliance management and user entity behavior analytics boost the market growth. Further, the growing requirement for modern threat management managed services, support services, and professional training throughout the world will boost threat intelligence services.

Figure 2: Threat Intelligence Market, by the Component, 2022 & 2032 (USD Billion)

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

Threat Intelligence End User Insights

The global Threat Intelligence market segmentation, based on distribution channel, includes BSFI, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail and Others. The BSFI segment dominates the market as it is one of the main infrastructure sections facing multiple data breaches and cyberattacks. Cybercriminals have highly profitable operating models with good returns, inclusive of relatively low risk and detectability. Further, the IT & Telecom segment is the fastest growing segment due to the growing security incidents in the telecommunication industry.

Threat Intelligence Regional Insights

By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Threat Intelligence market area dominates the market because of the increased adoption of IoT devices by a huge number of global financial institutions and internet users owing to the high availability of suitable infrastructure. The private and government companies are largely investing in research and development in order to deploy advanced solutions.

Further, the prime countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.

Figure 3: THREAT INTELLIGENCE MARKET SHARE BY REGION 2022 (USD Billion)

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

Europe's Threat Intelligence market accounts for the second-largest market share due to the increase in sophisticated threats and the requirement to comply with government data security rules in this region. Further, the German Threat Intelligence market held the largest market share, and the UK Threat Intelligence market was the rapid-growing market in the European region.

The Asia-Pacific Threat Intelligence Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the rise in cyberattacks and increased investments made by the government and private sectors in this region. Moreover, China’s Threat Intelligence market held the largest market share, and the Indian Threat Intelligence market was the fastest-growing market in Asia-Pacific region.

Threat Intelligence Key Market Players & Competitive Insights

Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Threat Intelligence market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Threat Intelligence industry must offer cost-effective items.

Manufacturing locally to reduce the operational costs is one of the key business tactics utilized by manufacturers in the global Threat Intelligence industry to benefit clients and increase the market sector. In recent years, the Threat Intelligence industry has offered some of the most significant advantages to data security. Major players in the Threat Intelligence market, including IBM Corporation, Fortinet Inc., CrowdStrike Inc., Check Point Software Technologies, Huawei Technologies, Cisco Systems Inc, AO Kaspersky Lab, Trend Micro Incorporated, FireEye Inc., Symantec Corporation, Dell Technologies Inc. and others, are trying to increase market demand by investing in the research and development operations.

Fortinet, headquartered in Sunnyvale, California, founded in the year 2000, is a cybersecurity company. The company manufactures and sells security solutions like endpoint security, firewalls, and intrusion detection systems. It provides protection against security threats and makes the IT infrastructure simpler. The company offers data centers, network security, network access, enterprise networking, application security and security management products. The company provides its solutions for organizations in communication service providers, government organizations, enterprises, small businesses, and security service providers. In March 2022, the company announced the partnership with five new service providers; Microland, Etihad Atheeb Telecom Company "GO," Spectrotel, Radius Telecom Inc., and TIME dotcom. This collaboration can provide a simplified network architecture with improved security, all powered by a single operating system in order to achieve operational effectiveness everywhere, from the data center to multi-cloud environments to SaaS locations.

IBM Corporation, founded in the year 1911, and headquartered in Armonk, New York, is a multinational technology company. The company is known for its software and hardware products, inclusive of servers, computers, networking equipment, and storage systems. The company also offers technology, consulting and business services like cloud computing, artificial intelligence, and data analytics. The R&D efforts of the company have helped various technological innovations. In February 2022, the company announced the acquisition of Neudesis, which is a cloud services consultancy. This acquisition will further assist the company in significantly stretching its hybrid multi-colored services portfolio and improving its hybrid cloud and AI strategy solutions.

Key Companies in the Threat Intelligence market include

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  IBM Corporation

  
  


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  Cisco Systems Inc

  
  


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  Fortinet Inc.

  
  


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  FireEye Inc.

  
  


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  CrowdStrike Inc.

  
  


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  Check Point Software Technologies

  
  


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  Huawei Technologies

  
  


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  AO Kaspersky Lab

  
  


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  Trend Micro Incorporated 

  
  


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  Symantec Corporation

  
  


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  Dell Technologies Inc.

  
  

Threat Intelligence Industry Developments

June 2022: The threat-hunting platform, SnapAttack partnered with Securonix Inc. This partnership assisted in providing behavioral detections at scale and driving threat-informed defense.

February 2022: SentinlOne with Mimecast announced a new integration. This integration assists in developing end-to-end threat protection, reduces security team delays and fastens the incident response. Security groups can control synchronized countermeasures with Mimecast and SentinelOnein order to respond rapidly to threats through mail and endpoint for a holistic approach to XDR automation incident response.

March 2021: A Cloud-native XDR solution was launched by Anomali in order to assist enterprises against advanced cyber threats. This platform offers customers visibility throughout the security telemetry from endpoints to the public cloud.

Threat Intelligence Market Segmentation

Threat Intelligence Component Outlook

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  Solutions

  
  


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  Services

  
  

Threat Intelligence End User Outlook

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  BSFI

  
  


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  IT & Telecom

  
  


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  Manufacturing

  
  


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  Healthcare

  
  


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  Energy & Utilities

  
  


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  Retail

  
  


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  Others

  
  

Threat Intelligence Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America