Cyber Threat Intelligence Market Definition
The growing demand for cyber threat intelligence is increasing owing to the rise in cyber-crime, threat breaches, and growing numbers of sophisticated attacks in leading security conscious sectors. Cyber threat intelligence is defined as information that is used by an organization to understand the threat that will or is currently targeting the organization. It is also known as cyber threat intelligence, it is an organized, analyzed, and refined information about potential or current attacks that threaten an organization. The cloud-based security adoption is expected to increase in the near future owing to the growing adoption of cloud storage systems.
The market study is broken down and major geographies with country level splits. According to AMA, the Global Cyber Threat Intelligence market is expected to see growth rate of 17.5% and may see market size of USD14.1 Billion by 2025.
Key players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Key players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cyber Threat Intelligence market throughout the predicted period.
Symantec (United States), IBM (United States), FireEye (United States), Check Point (United States), Trend Micro (Japan), Dell Technologies (United States), McAfee(United States), LogRhythm (United States), Kaspersky (Russia) and Digital Shadows (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are LookingGlass Cyber Solutions (United States), Proofpoint (United States), Group-IB (Russia), AlienVault (United States), Webroot (United States), Optiv (United States), ThreatConnect (United States), CrowdStrike (United States) and Farsight Security (United States).
AdvanceMarketAnalytics has segmented the market of Global Cyber Threat Intelligence market by Type, Application and Region.
On the basis of geography, the market of Cyber Threat Intelligence has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Services, the sub-segment i.e. Managed services [Advanced threat monitoring, Security intelligence feeds] will boost the Cyber Threat Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Large Size Organization will boost the Cyber Threat Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Threat intelligence platforms will boost the Cyber Threat Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Modes, the sub-segment i.e. On-premises will boost the Cyber Threat Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In March 2019, Saudi Telecom Company (STC) signed an agreement with Anomali, a US-based cybersecurity company, to support with high-quality information on sources of threats and cyber attacks, boosting the demand in telecom segment.
In March 2019, SlashNext announced its real-time phishing threat intelligence service. Users can get real-time, API access to a continuously updated list of phishing URLs, domains, and IPs as fast as they are discovered
- Evolution of Next-generation Security Solutions
- Organization's Need to Deploy Next-Gen Cybersecurity
- Growing Incidences of Security Breaches and Cyber Crime
- Increasing Level of Interconnectivity Due to Rising IoT and BYOD Trends
- Introduction of Ai, Machine Learning, and Big Data Analytics With Threat Intelligence
- Highly Regulated Verticals Continuing to Create Attractive Opportunities for Threat Intelligence Vendors
- Low Data Security Budget and High Installation Cost of Solution
- Lack of Skilled Security Professionals
- Complexities in Deriving Quality Information From Huge Volumes of Threat Data
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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