Threat Intelligence Security Market to Experience Hike in Growth by 2024

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Global Threat Intelligence Security Market: Overview

Important data are often prone to a number of threats which are persistent, advanced and complex threats. These threats endanger the security of the company. To secure these data, threat intelligence security services are used. It refers to the organization’s ability to evaluate and understand information associated with all types of cyber-attacks. There is a rising trend in the organization’s investments in the threat intelligence security service so as to secure the company data against a number of sophisticated threats. Major verticals where the application of threat intelligence security services is seen is government, BFSI, healthcare among others. Due to the growing importance, there is a rising demand for these services in the market globally.

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Global Threat Intelligence Security Market: Segmentation

The global threat intelligence security market is segmented into its solution, service, deployment, organization size, vertical and geography. On the basis of solution the market is divided into security information and event management (SIEM), log management, identity and access management (IAM), security and vulnerability management (SVM), risk management and incident forensics. Based on service, the market is segregated into managed services and professional services. The managed services are further subdivided into advance threat monitoring and security intelligence feeds and the professional services are further subdivided into consulting services and training and support services. On the basis of deployment, the market is classified into on-premise and cloud mode. Based on organization size, the market is classified into small and medium businesses (SMBs) and large enterprises. On the basis of vertical, the market is categorized into government, BFSI, IT and telecom, healthcare, retail, transportation, energy and utilities, manufacturing and education. Diversification of the market is seen into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Threat Intelligence Security Market: Growth Factors

The threat intelligence security market is a growing market owing to factors such as rising government compliance on data security, cloud adoption across several enterprises and increasing number of sophisticated threats. Other factors boosting the market growth include evolution of next-generation threat intelligence solutions, rapid adoption of bring your own device models and incorporation of big data analytics with threat intelligence. However there are certain factors which may restrain the market growth. These include lack of awareness about advance security threats, diverse nature of threats, lack of security talent and heterogeneous information security infrastructure.

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Global Threat Intelligence Security Market: Regional Analysis

The largest share in the treat security market is held by North America. This growth can be attributed to the growing security awareness and increasing sophistication of threats such as persistent, advanced and complex threats. The growth can be specifically seen in countries such as the U.S. and Canada. Following the growth in North America is Asia-Pacific, Europe, Latin America and the Middle East and Africa.

Global Threat Intelligence Security Market: Competitive Players

Some of the major companies in the threat intelligence security market are McAfee Inc., Cyveillance Inc., Dell SecureWorks Inc., FireEye Inc., Symantec Corporation, Juniper Networks Inc., Trend Micro Incorporated, International Business Machines Corporation, Arbor Networks Inc. and Webroot Inc.

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