Threat intelligence is organized and analyzed information regarding all possible or existing threats from external, as well as internal sources. The main purpose of integrating threat intelligence is to help companies know and understand the risks and to provide better protection against them. Almost all sectors—such as retails, BFSI, manufacturing, healthcare, and government—are using threat intelligence services due to rising cases of cyber attacks. Threat intelligence has two major deployment, namely, cloud-based and on-premise.
Cloud-based Deployment to Witness Fastest Growth
Cloud-based deployments segment is predicted to witness a considerable growth rate through 2025. Companies are shifting to cloud-based deployments from on-premise deployments since they are cost-effective. In addition, many companies find it difficult to manage on-premise solutions on account of budget constraints and other issues such as the lack of resources and expertise.
The adoption of public cloud has augmented resulting in an increased demand for cloud-based security solutions, which will boost the segment growth. The segment is likely to grow further on account of the rising adoption of cloud storage systems. Various regions such as Australia and Russia have passed stringent regulations regarding data storage on domestic cloud servers rather than using foreign ones.
Market Overview
Based on the findings of the latest report by Grand View Research, Inc.; the global threat intelligence market is predicted to reach at USD 12.6 billion by 2025. The market is anticipated to grow at a CAGR of 17.4% from 2017 to 2025 (forecast period). Increasing number of cyber crime cases and threat breaches are expected to be the key factors responsible for the escalated demand for threat intelligence services. In addition, growing number of sophisticated attacks in many leading security conscious sectors such as government; defense; and Banking, Financial services and Insurance (BFSI) is also likely to spur the market expansion. Some of the leading companies in the global market include Dell Inc.; IBM Corp.; Symantec Corp.; and Check Point Software Technologies Ltd.
Most market players try to gain the maximum market share through various strategies such as partnerships, collaborations, and global expansion. For example, Fortinet will be collaborating with Renesas Electronics Corp. on advanced cyber security to secure connected vehicles sector including telematics, infotainment systems, and powertrains.
In-depth research report on threat intelligence market:
In-depth research report on threat intelligence market:
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