ID: MRFR/ICT/6455-HCR | February 2021 | Region: Global | 111 pages
The global threat intelligence platform market is expected to register a CAGR of 21.4% during the forecast period to reach USD 6.6 billion by 2024. Threat intelligence is software that can collect, analyse and evaluate data. Protecting the organization from potential threats is the task of this platform. Proper and effective threat prevention tasks are available through this software. Threat intelligence is essential in finance, It, healthcare another crucial market. It is a smart technology that can detect potential risks in advance. Security analytics and protection from cyber security attacks are applications of the threat intelligence platform market.
Today, organizations require security solutions to safeguard their data and information to safeguard. Robust threat prevention software is essential. Cyber attacks’ are advancing in many regions. Hackers are becoming advanced with hacking tools. There are loopholes and dangerous threats that can damage the operations of any organisation. Attacks are going to be prevalent in upcoming years. However, attack prevention is a smart move that can protects enterprises from monetary losses.
The uniqueness of cyber attacks is rising. In many enterprises, there are security solutions that can remain safe from these attacks. The threat intelligence can detect unique and advanced threats that can attack the enterprise. Human error and glitch is a crucial reason for cyber attacks in organisations. However, with threat analytics damages due to cyber-attacks are preventable. As per the threat intelligence Platform Business forecast, these factors will improve value.
Covid 19 pandemic is affecting every market and industry. Most of the markets are operating in work from home settings. There is a lack of security solutions in remote working. It creates opportunities for cybercriminals to steal and attack any organisation. Data breaches in IT, healthcare, government and other industries can lead to high revenue losses.
The major reason for cuber attacks’ is for monetary gain. The health industry is more prone to such attacks in this period. Due to this, the adoption rate is surging for the threat intelligence platform market from this user end. There are more developments in the market during this period. Awareness about threat intelligence is rising in recent years. All these will provide exceptional growth possibilities post covid 19.
The sophistication of cyber attacks is a crucial driver of the threat intelligence platform market. Today, many office systems are prone to sophisticate cyber attacks. In many regions, the security layer is inefficient. Phishing, Data leaks, cybercrime and threats easily damage day to day operations of any business. Many industries such as finance, corporate offices and health industries carry plenty of market operations and transactions. Also, there is a massive amount of sensitive data that is under serious threat. All these causes’ unique cyber issues in enterprises. However, it is creating an advantageous scenario for the growth of threat intelligence platforms.
In recent times, unique cyber-attacks are rapidly growing. Initiating preventive steps is crucial to protect the organization from revenue losses. Due to this, the adoption of threat intelligence is carried out in the early stage. There are both services and software Threat Intelligence Platform Market Segments.
Large enterprises prefer the software. However, merging companies have higher adoption of threat intelligence services. Therefore, threat intelligent analyses are performed beforehand. These testing processes can reveal potential loopholes in the security system of the enterprise. With security analytics, the platforms suggest steps to prevent these issues in future. All these applications will create a high Threat Intelligence Platform Market Profit.
The rising demand for managed threat intelligent services will create exceptional market growth opportunities. Both medium and large enterprises deal with different types of cyber attacks. The large operations require custom threat intelligence. However, the medium size enterprise requires regular service. The intensity and uniqueness of cyber attacks in large enterprises lead to tailored services. SME have less awareness about cyber attacks’. They are poor at handling these issues. Large scale organisations deal with massive data. However, the threats are lower due to exceptional security solutions. This will raise the need for managed threat services in medium-sized enterprises. Self-aware programs are rising in this region.
The growth of self-awareness and advanced threat managed services will lead to high growth. The industrial ecosystem has a high requirement for these threat platforms. The rising equipment of SMEs will create new developments in the threat intelligence platform market. The expansion rate is higher due to these opportunities. Also, revenue rates and the deployment rate of the threat intelligence platform market is rising due to these factors.
There is less awareness about the cyber threat in many regions. Many enterprises do not take cyber threats seriously. Most of the time these cyber threats are noticed after massive damage. Technical complexities in the market are another restraining factor of the threat intelligence platform market. Integration of threat intelligence is difficult in many enterprises.
Lack of poor infrastructure and solutions affect the integration. These market restraints can affect the overall growth in the forecast period. The adoption of the product is less. Penetration of the software will reduce in emerging markets. All these can create an unfavourable market scenario in the forecast period.
The lack of collaboration is a challenging factor in the threat intelligence platform market. The prevalence of cybercrimes is leading to various prevention methods. New rules and security standards protect enterprises from these threats. The government imposes these regulations on businesses.
However, poor collaboration with the private and public sectors is a challenging factor of the market. These incompatibility issues can lead to plenty of challenges in the market. Both the large and small industries have less adoption rate due to these market inconsistencies. The threat intelligence will have various compliance and security standards. However, without governmental support restrictions in the threat intelligence platform market will increase.
Cumulative Growth Analysis
The Threat Intelligence Platform Market Trends is steady in the forecast period. There are plenty of growth factors in the market. The uniqueness of cyber attacks is positively impacting the market. Demand from the merging nation is another driver of the threat intelligence platform market. However, less awareness about the technology is a retraining factor.
Also, lack of collaboration between government and public agencies is leading to less growth. Still, there are plenty of growth opportunities in the market that will continue to impact the market positively. The security analytics segment of the market will gain more traction in developing regions. All these factors will continue to provide more development possibilities.
Value Chain Analysis
The threat intelligence market is dominated by the Asia Pacific region. Threat intelligence projects have higher Threat Intelligence Platform Market Shares. Rising investments for risk prevention technologies is high in this region. Developing countries such as China, India and Japan have a wider penetration of the technology.
Security analytics is crucial in the IT, telecom and health industry. Cyber-attacks are affecting the revenue of many companies. As per an international journal, there are new cases of cyber attacks and their intensity is growing. Due to this revenue rates for the threat intelligence platform is high in this region.
By Deployment Type
By Organisation Size
The competition in the threat intelligence market is rising. There are plenty of new developments in the market. Security analytics will see the new range of upgrades. There are expansion, acquisitions and expansions in the market. All these factors will broaden the demand for the market.
The threat intelligence platform is fragmented into Asia Pacific, Europe and North America. The Asia Pacific is a key regional player with a high number of shares. The rising security requirements are leading to more need for threat intelligence support. The adoption of security software is high in this region. Presence of Threat Intelligence Platform Market Players is high.
North America is the next largest market with the highest demand. The expansion of the market is high among large scale enterprises. Also, investments by Canada and North America are rising in this region. Furthermore, Europe will hold a large number of shares from SME. All these players will contribute the highest demand for Security and Vulnerability management Global Threat Intelligence Platform Market.
The key players of the threat intelligence platform market are
|Market Size||USD 6.6 Billion (2024)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Component, Organization Size|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||IBM Corporation (US), Symantec Corporation (US), FireEye, Inc. (US), Dell Inc. (US), Optiv Security Inc. (US), McAfee, LLC (US), Check Point Software Technologies Ltd. (Israel), Trend Micro Incorporated (Japan), Webroot Inc. (US), PhishLabs (US), AT&T (US), AO Kaspersky Lab (Russia), Flashpoint (US), Intel 471 (US), and LogRhythm, Inc. (US).|
|Key Market Opportunities||Increased adoption of IoT and BYOD has lead to rapid rise in the number of connected devices, which in turn increases the risk of a cyber attack.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market will be growing at a CAGR of 21.4% in the coming years
The market will be gaining a valuation of USD 6.6 billion by 2024
The snowballing level of interconnectivity because of increasing adoption of Internet of Things (IoT) technology as well as rising BYOD trends are responsible for market’s growth
North America, Europe, Asia-Pacific are the key regions on the hype when market share is calculated
IBM Corporation (US), Symantec Corporation (US), FireEye, Inc. (US), Dell Inc. (US) are the leading market with growth perspectives