Threat Intelligence Platform Market Comprehensive Research Study
Posted by Ehtesham Peerzade on February 24th, 2020
According to the latest report by Market Research Future (MRFR), the global threat intelligence platform market is slated to register a CAGR of 21.4% during the assessment period to reach USD 6.6 billion by 2024.
The rising level of interconnectivity due to the increasing adoption of Internet of Things (IoT) technology and growing BYOD trends are responsible for a large number of connected devices in present times. Enterprises need to install next-generation cybersecurity solutions, such as threat intelligence platforms, which are likely to fuel the growth of the market in the forecast period. The severe regulations for data protection is another influential factor expected to drive the global threat intelligence platform market. The rising number of targeted attacks and advanced persistent threats (APTs) is also expected fuel market growth over the review period. The inability of SMEs to afford advanced threat intelligence solutions owing to their higher costs is one of the factors expected to hinder the growth of this market over the review period.
The global threat intelligence platform market has been segmented based on component, deployment, organization size, and vertical. On the basis of the component, the market has been segmented into solutions and services. The services segment has been sub-segmented as professional services and managed services. Based on organization size, the market for threat intelligence platform has been segmented into large enterprise, and small and medium-sized enterprise (SME). On the basis of deployment, the threat intelligence platform market has been divided into on-premise and cloud. Based on vertical, the global threat intelligence platform market has been segmented into IT and telecommunication, energy and utilities, government and defense, banking, financial services, and insurance (BFSI), manufacturing, healthcare, transportation, education, retail, and others.
The geographic analysis of the global market for threat intelligence platform has been conducted by MRFR for Europe, Asia-Pacific, North America, and the rest of the world.
North America is projected to account for the largest market share over the review period. The growing adoption of IoT and BYOD in this region has led to a rapid increase in the number of connected devices, which consequently increases the risk of cyber attacks and threats. The platform enables the analysts in the enterprises to carry out more in-depth investigations while disseminating intelligence at a faster pace. The large enterprises, as well as the SMEs across several industry verticals, have installed advanced cybersecurity measures such as threat intelligence platforms on a large scale. These major factors contribute to making North America the leading region in the global threat intelligence platform market over the review period. The US contributes to the majority of the market share in North America.
Asia-Pacific is estimated to be the fastest-growing market in the global threat intelligence platform market during the forecast period. The increasing number of targeted attacks, terrorist threats, and APTs is the primary factor which is likely to drive the market in Asia-Pacific. The platform is being massively adopted in developing countries with changing economic scenarios such has India and China, and it empowered enterprises n the region to distinguish threats in time and accelerates the process of exposure and response. Additionally, the growing adoption of cloud-based cybersecurity solutions is a significant factor responsible for the growth of the Asia-Pacific threat intelligence platform market over the forecast period.
the key players in the global market for threat intelligence platform as per MRFR include Intel 471 (US), Symantec Corporation (US),IBM Corporation (US), Dell Inc. (US), Optiv Security Inc. (US), FireEye, Inc. (US),McAfee, LLC (US), Trend Micro Incorporated (Japan), Check Point Software Technologies Ltd. (Israel), Webroot Inc. (US), AT&T (US), PhishLabs (US), AO Kaspersky Lab (Russia), Flashpoint (US), and LogRhythm, Inc. (US), Digital Shadows Ltd (US), LookingGlass Cyber Solutions, Inc. (the US), Farsight Security (US), ThreatConnect, Inc. (the US), CrowdStrike (US), Proofpoint, Inc. (the US), SurfWatch Labs, Inc.(US), Group-IB (Russia), Blueliv (Spain), the DomainTools (US), and others.
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About the AuthorEhtesham Peerzade
Joined: May 22nd, 2019
Articles Posted: 355
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