Threat Intelligence Market to Hit $13bn by 2025: Global Market Insights, Inc.

SELBYVILLE, Del., March 7, 2019 /PRNewswire/ -- The threat intelligence market is slated to rise from USD 4 billion in 2018 to USD 13 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The market is propelled by the rise in the number of connected endpoints. Currently, there are over 3 billion end users connected to the internet. The number of connected devices is anticipated to exceed 50 billion by 2020. Most of the connected endpoint devices rely on the internet to interact with other devices.

The cybercriminals are using the internet to exploit the connected endpoint devices to conduct various malicious activities. The cybercriminals are developing applications to hijack the connected devices to manipulate the network. This is promoting the use of threat intelligence solutions to safeguard the network from unauthorized access.

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With the rise in cyber-attacks on organizations, regulatory bodies have introduced data protection directives. Due to the ever-evolving technological advancements, there has been a simultaneous upsurge in the number of cybersecurity attacks across various industry sectors. This has increased the government focus on data protection and its implications. The regulatory bodies across the globe have issued various guidelines such as the General Data Protection Regulation (GDPR) and the Cyber Intelligence Sharing and Protection Act (CISPA). mandating the organizations to modernize their security infrastructure. This is encouraging companies to deploy advanced threat intelligence solutions to protect their network. 

The IAM market will grow at a CAGR of over 14% over the forecast time period due to the extensive adoption of advanced technologies such as BYOD, IoT, and cloud computing. The emergence of digital technologies has encouraged enterprises to build data-driven business models, making the business more agile, flexible, and scalable. However, this exposes organizations to insider attacks and privacy threats. This is encouraging enterprises to adopt IAM solutions to reduce the risks associated with advanced technologies. The incident forensics segment in threat intelligence market is predicted to attain a CAGR of over 15% over the forecast time period. The rising adoption of incident forensics among SMEs is driving its growth. The incident forensics solutions provide an inexpensive alternative to small enterprises with budgetary constraints to implement threat intelligence solutions.

The mobile-based solution market is expected to attain a CAGR of over 18% over the projected timeline due to the adoption of trends such as Choose Your Own Device (CYOD) and digital mobility. Mobile security solutions enable secure access to the company network through remote locations. The cloud-based threat intelligence market is anticipated to register a high growth rate due to its cost-effective nature. Cloud solutions have been used widely among small enterprises.

Browse key industry insights spread across 295 pages with 436 market data tables & 28 figures & charts from the report, "Threat Intelligence Market Size By Component (Platform [Unified Threat Management {UTM}, Security Information & Event Management {SIEM}, Identity & Access Management {IAM}, Incident Forensics, Log Management, Risk & Compliance Management, User and Entity Behavior Analytics {UEBA}], Services [Professional Services, Managed Services, Subscription Services, Training & Consulting]), By Format Type (Internet-based Solution, File-based Solution, Mobile-based Solution), By Deployment Type (On-Premise, Cloud), By Application (BFSI, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Government), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia & New Zealand, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Argentina, Israel, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2014 – 2025" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/threat-intelligence-market

The healthcare industry is expected to grow at a CAGR of over 13% over the projected time period. Over the last five years, there has been a rise in the number of cyber-attacks in the healthcare industry. The healthcare organizations store a vast amount of personal information data associated with patients, making them prominent targets for cybercriminals. The lack of basic cybersecurity mechanism across the IoT devices is posing risks to the wellbeing of patients.

The Asia Pacific threat intelligence market is predicted to grow at a CAGR of 17% over the projected timespan. The rise in the number of cybercrime activities is due to the increasing penetration of smart devices across various business verticals and the growing internet penetration, promoting the use of threat intelligence solutions in the region. The market is also driven by the increasing number of collaborative efforts between the government and cybersecurity providers to modernize the security framework. The government has issued various guidelines mandating private & public sector establishments to upgrade their security infrastructure to combat with the evolving cybersecurity challenges.

The companies operating in the market are Accenture, Crowdstrike, Digital Shadows, Flashpoint, IntSights, Palo Alto Networks, Proofpoint, McAfee, Oracle, Kaspersky Lab, Hold Security, IBM, Sophos, Symantec, Recorded Future, SecureWorks, Group-IB, FireEye, Check Point Software, ThreatQuotient, Cisco Systems, and TrendMicro. The startups in the threat intelligence market are conducting fundraising activities to increase their presence in the market.

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Browse Related Reports:

Cybersecurity Market Size By Product Type (Identity, Authentication and Access Management (IAAM) [Access Management, Identify Access Management], Infrastructure Protection [Endpoint Protection, Email/Web Gateway, Security Information and Event Management (SIEM), Vulnerability Management, Cloud Security, Data Loss Prevention (DLP)], Network Security [Internet Service Provider Equipment, Virtual Private Network (VPN), Unified Threat Management (UTM), Firewall], Security Services [Implementation, Managed Security Services, Consultancy & Training, Hardware Support]), By Organization (SME, Government, Large Enterprises), By Industry (Banking, Government, Manufacturing, Transportation, IT & Telecom, Insurance, Securities), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Norway, Ireland, Sweden, Netherlands, Australia & New Zealand (ANZ), China, India, Japan, South Korea, Philippines, Thailand, Singapore, Malaysia, Brazil, Mexico, Colombia, Argentina, Peru, UAE, Saudi Arabia, South Africa, Nigeria, Kenya, Oman), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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