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Global Threat Intelligence Markets to 2023: Increasing Level of Interconnectivity Due to IoT and BYOD Trends is Expected to Drive the Market to Reach $12.9 Billion - ResearchAndMarkets.com

The "Threat Intelligence Market by Solution (Threat Intelligence Platforms, SIEM, IAM, SVM, Risk and Compliance Management, Incident Forensics), Service, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The threat intelligence market size is estimated to grow from USD 5.3 billion in 2018 to USD 12.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.7%.

The threat intelligence market is driven by factors such as the threat to data by the growing level of interconnectivity due to IoT and BYOD trends and increasing number of targeted attacks and ubiquitous APTs.

However, complexities in deriving quality information from huge volumes of threat data is still a concern for organizations. Furthermore, organizations' inability to afford robust threat intelligence services is acting as a barrier in the threat intelligence market.

Threat intelligence platforms segment is expected to grow at the highest CAGR during the forecast period

The threat intelligence market by solution includes threat intelligence platforms, Security Information and Event Management (SIEM), log management, Security and Vulnerability Management (SVM), Identity and Access Management (IAM), risk and compliance management, incident forensics, and User and Entity Behavior Analytics (UEBA). These solutions protect the systems individually, and when integrated with the threat intelligence feeds, they provide comprehensive security to the users.

The threat intelligence platforms segment in the threat intelligence solution market is expected to have the highest CAGR during the forecast period. The threat intelligence platforms are being deployed by a large number of SMEs to secure their organizations from emerging threats and vulnerabilities.

Increasing threat landscape in SMEs is expected to drive the higher growth rate of the SMEs segment during the forecast period

The SMEs segment is expected to grow at the highest CAGR, owing to the rising deployment of threat intelligence solutions by SMEs to proactively protect their digital assets. SMEs are small in terms of their size but cater to a large number of customers globally.

Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. Weak cybersecurity and low budget make the organizations more susceptible to advanced cyber-attacks such as ransomware, botnets, zero-day attacks, and Advanced Persistent Threats (APTs). However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2018.

Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period

APAC includes emerging economies such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying threat intelligence solutions. APAC is expected to grow at the highest CAGR during the forecast period. The APAC threat intelligence market is gaining traction as it provides proactive security measures against the evolving cyber-attacks.

SMEs as well as large-scale organizations in the APAC region have become more aware of the increasing cybercrimes and have started adopting threat intelligence solutions and services to combat them. Furthermore, North America is expected to have the largest market size in 2018.

Market Dynamics

Drivers

  • Increasing Level of Interconnectivity Due to Rising IoT and BYOD Trends
  • Rise in the Number of Targeted Attacks and Ubiquitous APTs
  • Organization's Need to Deploy Next-Gen Cybersecurity
  • Stringent Directives for Data Protection

Restraints

  • Organizations' Inability to Afford Robust Threat Intelligence Services
  • Lack of Skilled Security Professionals

Opportunities

  • Integration of AI, Machine Learning, and Big Data Analytics With Threat Intelligence
  • Highly Regulated Verticals Continuing to Create Attractive Opportunities for Threat Intelligence Vendors
  • High Demand for Cloud-Based Threat Intelligence Solutions in SMEs

Challenges

  • Complexities in Deriving Quality Information from Huge Volumes of Threat Data
  • Duplicate Data, Large Number of False Positives, and Lack of Context

Best Practices in Threat Intelligence

  • Defining the Scope of Threat Intelligence Program
  • Developing a Central Database
  • Monitoring Internal and External Threats
  • Spreading Awareness About Security Among Employees and Third Parties
  • Continuous Improvement in Gathering and Applying Threat Intelligence

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Threat Intelligence Market, By Component

7 Threat Intelligence Market, By Solution

8 Threat Intelligence Market, By Service

9 Threat Intelligence Market, By Deployment Mode

10 Threat Intelligence Market, By Organization Size

11 Threat Intelligence Market, By Vertical

12 Threat Intelligence Market, By Region

13 Competitive Landscape

14 Company Profiles

  • Alienvault
  • Blueliv
  • Check Point
  • Crowdstrike
  • Dell Technologies
  • Digital Shadows
  • Domaintools
  • Farsight Security
  • Fireeye
  • Flashpoint
  • Group-Ib
  • IBM
  • Intel
  • Kaspersky Lab
  • Logrhythm
  • Lookingglass Cyber Solutions
  • Mcafee
  • Optiv
  • Phishlabs
  • Proofpoint
  • Surfwatch Labs
  • Symantec
  • Threatconnect
  • Trend Micro
  • Webroot

For more information about this report visit https://www.researchandmarkets.com/research/jxww3m/global_threat?w=4

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