Threat Intelligence Management Market Forecast by Revenue, Growth Rate

Posted by Savni on February 28th, 2020

Market Research Future (MRFR) has revealed in its latest study that the global threat intelligence management market is set to register a moderate pace of expansion throughout the forecast period 2018 to 2023. The technological advancements introduced in the threat intelligence management solutions has accelerated the revenue creation for market participants.

The evolving threats to security models of organizations have paved the way for developments in the product portfolios of key players. The major drivers of threat intelligence management market expansion are the need for improving the network defenses, minimized risk of data breach, and monitoring the malicious activities.

Threat intelligence solutions study the treats and help organizations in building better security models, which is likely to aid the market growth. Furthermore, the introduction of cloud-based deployment is expected to encourage the adoption of the technology.

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One of the major challenges faced by the market is the speed of detection of threats by the technology. The solution must be able to detect malicious activities in real-time for enhanced performance of the market.

Market Segmentation:

By solutions, the threat intelligence management market is segmented into network management solutions, threat intelligence, and risk management solutions, identity and access management solutions, log management, and firewall.

By services, the global threat intelligence management market has been segmented into threat intelligence feed services, threat monitoring services, and consultation.

By deployment mode, the threat intelligence management market is segmented into cloud deployment and on-premises deployment.

By organization size, the global threat intelligence management market has been segmented into small and medium enterprises, and large enterprises.

By end-users, the threat intelligence management market is segmented into BFSI, healthcare, Telecommunication, manufacturing, retail, education, research organizations, and transportation.

Regional Analysis:

By region, Threat Intelligence Management Market Forecast has been segmented into North America, Asia Pacific, Europe, and Rest of the World. North America is currently dominating the market, and the trend is likely to continue in the foreseeable future. The growth in the region is attributable to the large-scale adoption of cybersecurity solutions and threat intelligence solutions. Furthermore, the presence of key players in the region is expected to influence the market growth positively. The U.S. is estimated to be one of the major players in the region due to the growth trajectories planned by market operators such as IBM Corporation, Webroot Inc., Farsight Security Inc., etc.

Rapid growth is expected to be witnessed in Asia Pacific during the assessment period. The favorable factors influencing the market expansion in the region are increased investments and adoption of the technology by small and medium enterprises, and large enterprises across fast-developing economies. The increase in the volume of data and growing demand for mobile and web applications are poised to drive the demand in the market.

Europe is likely to remain a significant growth pocket throughout the forecast period. The developed technological infrastructure will aid the growth of the market in the region. Rest of the World market is expected to exhibit a relatively slower growth due to limited technological penetration in specific regions.

Competitive Dashboard:

Some of the key players profiled by MRFR in its latest report for drawing a deeper insight into the market include IBM Corporation (USA), McAfee LLC (USA), Trend Micro Incorporated (Japan), Symantec Corporation (USA), FireEye Inc. (USA), LogRhythm Inc. (USA), Check Point Software Technologies Ltd. (USA), Optiv Security Inc. (USA), Webroot Inc. (USA), Farsight Security Inc. (USA), Dell Technologies Inc. (USA), F-Secure Corporation (Europe), AlienVault Inc. (USA), Juniper Networks Inc. (USA), Splunk Inc. (USA), and LookingGlass Cyber Solutions Inc. (USA). The strategies employed by the market participants for gaining control over market are acquisitions & mergers, technological advancements, strategic alliances, product portfolio expansion, competitive pricing, etc.

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