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The Threat Intelligence market is undergoing dynamic changes, reflecting the evolving landscape of cybersecurity and the increasing sophistication of cyber threats. Threat intelligence involves the collection and analysis of information about cyber threats to identify potential risks and vulnerabilities. Some trends in the markets are specially shaping the market of Threat intelligence, which shows that this is providing organizations with a proactive defense against cyber-attacks.
The increase in request for actionable threat intelligence is one of the major trends in the market of threat intelligence. Organizations require threat intelligence data feeds which provide more than dumps of data but insights which are appropriate, accurate, and suitable to carry out defensive measures. The focus is on transforming threat data into valuable intelligence which protects security teams by providing them with the right information to make the best decisions, to prioritize and mitigate relevant threats, and to strengthen the cybersecurity posture. In order to handle the things, threat intelligence providers are beginning to deliver contextualized information that helps organizations to understand specific threats that they may be facing and to mitigate them targetedly.
As the market transition from traditional threat intelligence to more collaborative and community-centered threat intelligence sharing, they are also seeing a shift in the current marketplace. Information sharing platforms and the industry-specific threat intelligence sharing consultations gain an impact. Organizations understand that collective intelligence plays an important role in the fight against cyber threats, since if they exchange the analysis insights and indicators of compromise (IoCs), the whole community of cybersecurity will benefit. Subsequently, this forms a new trend of collective cybersecurity, in which organizations work together and share resources to tackle common security challenges.
One other significant thr…eat is the report integration of threat intelligence into the broader cybersecurity environment. The inclusion of threat intelligence feeds into SIEM systems, endpoint protection platforms, and other security tools is now commonplace to increase the ability to detect, respond, and mitigate threats.
Moreover, the Threat Intelligence market is also becoming sophisticated by integrating advanced analytics and machine learning technologies in response to the growing complexity of cyber threats. Threat intelligence organizations are adopting these technologies to analyze large volumes of data, detect patterns and determine what possible attacks might come up next. The combination of artificial intelligence (AI) and machine learning provides for more proactive threat identification, shorter response times, and the capability to revel intricate and complex breach attempts that may go through the traditional security measures undetected.
The use of standard formats, for instance STIX (Structured Threat Information eXpression) and TAXI (Trusted Automated eXchange of Indicators) improves the interoperability of the threat intelligence and reduces the integration impediments with different cybersecurity platforms.
Besides the positive signals that have shown, there are still hurdles to overcome in the threat intelligence market, such as the need for better threat attribution, data quality, and evolving methods of the threat actors. Attribution, precisely naming and protecting the source of cyber attacks, is currently a major challenge. remains a complex task. Threat intelligence providers are working on enhancing attribution capabilities to provide more accurate information about the origin and motives behind cyber threats. Additionally, ensuring the quality and reliability of threat intelligence data is an ongoing challenge, as inaccuracies or false positives can lead to ineffective security measures.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increased advancement in technology. |
| Market Dynamics | Increased cyber vulnerability and growing demand for enhanced network infrastructure. |
Threat Intelligence Market Highlights:
Threat Intelligence Market Overview
The Threat Intelligence Market size is projected to rise from USD 14.64 Billion in 2024 to USD 23.51 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.09% during the forecast period (2024 - 2032). Additionally, the market size for threat intelligence was valued at USD 13.7 Billion in 2023.
Increased cyber vulnerability and increasing demand for enhanced solutions for protecting network infrastructure are the key market drivers enhancing the growth of market.
Figure 1: Threat Intelligence Market Size, 2022-2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Threat Intelligence Market Trends
Growing cyber vulnerability is driving the market growth
Market CAGR for threat intelligence is being driven by rising cyber vulnerability. The rising demand for enhanced solutions for the protection of network infrastructure is leading to the growth of the threat intelligence market. Technological advancement is the major trend attaining popularity in the threat intelligence market. The growing digital technologies in data security due to the rising cyber-attacks and the surging implementation of AI in security solutions are expected to fuel the market growth of threat intelligence.
Cybercrime has been increasing for years, and work-from-home situations increased during the pandemic, resulting in the growth of cyberattack rates. Organizations are adopting a work-from-home model, thus increasing the concern about corporate security. On average, a new company becomes a victim of ransomware every 10 seconds globally. The emergence of cloud computing and cybersecurity has changed the adoption of distributed networks from single networks. Threat intelligence solutions offer intuitions into attacks when they occur. Hence, the increased utilization of threat intelligence programs in order to analyze global cyberattacks and threat data is anticipated to fuel the growth of the market.
With the advent of the Internet of Things, nearly all things are connected to the Internet. The security landscape is continuously developing as an emerging threat that targets enterprise networks and IoT devices. The IoT users and software creators focus on utilizing a broad range of current and future technology solutions in order to tackle the cyber-attack risk related to their IoT appliances. The developers of these solutions are as secure as possible to deliver a more secure and safe IoT environment. The market is driven by the utilization of next-generation security services in several firms and their applicability in different markets. Major banking institutions has benefited from the digital platforms, putting them exposed to cyberattacks, having sensitive data and information, and making them vulnerable to hackers. These organization demands for intelligent solutions to these problems to identify network sources that are compromised and creates a strategy to overcome current and future warnings and fear. Thus, driving the Threat Intelligence market revenue.
However, investment in threat intelligence solutions is important for maintaining economic stability and strengthening the security position of the country. The deployment of threat intelligence solutions needs company-wide coverage, secure, and smooth operations, therefore, increasing the infrastructure costs.
Threat Intelligence Market Segment Insights
Threat Intelligence Component Insights
The global Threat Intelligence market segmentation, based on components, includes Solutions and Services. The solutions segment dominated the market, and accounts for the largest market revenue as the operational security teams can save time and raise the effectiveness with real-time insights from the threat intelligence solutions. The growing adoption of solutions like security information and event management, log management, identity and access management, security and vulnerability management, incident forensics, risk and compliance management and user entity behavior analytics boost the market growth. Further, the growing requirement for modern threat management managed services, support services, and professional training throughout the world will boost threat intelligence services.
Figure 2: Threat Intelligence Market, by the Component, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Threat Intelligence End User Insights
The global Threat Intelligence market segmentation, based on distribution channel, includes BSFI, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail and Others. The BSFI segment dominates the market as it is one of the main infrastructure sections facing multiple data breaches and cyberattacks. Cybercriminals have highly profitable operating models with good returns, inclusive of relatively low risk and detectability. Further, the IT & Telecom segment is the fastest growing segment due to the growing security incidents in the telecommunication industry.
Threat Intelligence Regional Insights
By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Threat Intelligence market area dominates the market because of the increased adoption of IoT devices by a huge number of global financial institutions and internet users owing to the high availability of suitable infrastructure. The private and government companies are largely investing in research and development in order to deploy advanced solutions.
Further, the prime countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 3: THREAT INTELLIGENCE MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Threat Intelligence market accounts for the second-largest market share due to the increase in sophisticated threats and the requirement to comply with government data security rules in this region. Further, the German Threat Intelligence market held the largest market share, and the UK Threat Intelligence market was the rapid-growing market in the European region.
The Asia-Pacific Threat Intelligence Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the rise in cyberattacks and increased investments made by the government and private sectors in this region. Moreover, China’s Threat Intelligence market held the largest market share, and the Indian Threat Intelligence market was the fastest-growing market in Asia-Pacific region.
Threat Intelligence Key Market Players & Competitive Insights
Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Threat Intelligence market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Threat Intelligence industry must offer cost-effective items.
Manufacturing locally to reduce the operational costs is one of the key business tactics utilized by manufacturers in the global Threat Intelligence industry to benefit clients and increase the market sector. In recent years, the Threat Intelligence industry has offered some of the most significant advantages to data security. Major players in the Threat Intelligence market, including IBM Corporation, Fortinet Inc., CrowdStrike Inc., Check Point Software Technologies, Huawei Technologies, Cisco Systems Inc, AO Kaspersky Lab, Trend Micro Incorporated, FireEye Inc., Symantec Corporation, Dell Technologies Inc. and others, are trying to increase market demand by investing in the research and development operations.
Fortinet, headquartered in Sunnyvale, California, founded in the year 2000, is a cybersecurity company. The company manufactures and sells security solutions like endpoint security, firewalls, and intrusion detection systems. It provides protection against security threats and makes the IT infrastructure simpler. The company offers data centers, network security, network access, enterprise networking, application security and security management products. The company provides its solutions for organizations in communication service providers, government organizations, enterprises, small businesses, and security service providers. In March 2022, the company announced the partnership with five new service providers; Microland, Etihad Atheeb Telecom Company "GO," Spectrotel, Radius Telecom Inc., and TIME dotcom. This collaboration can provide a simplified network architecture with improved security, all powered by a single operating system in order to achieve operational effectiveness everywhere, from the data center to multi-cloud environments to SaaS locations.
IBM Corporation, founded in the year 1911, and headquartered in Armonk, New York, is a multinational technology company. The company is known for its software and hardware products, inclusive of servers, computers, networking equipment, and storage systems. The company also offers technology, consulting and business services like cloud computing, artificial intelligence, and data analytics. The R&D efforts of the company have helped various technological innovations. In February 2022, the company announced the acquisition of Neudesis, which is a cloud services consultancy. This acquisition will further assist the company in significantly stretching its hybrid multi-colored services portfolio and improving its hybrid cloud and AI strategy solutions.
Key Companies in the Threat Intelligence market include
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Cisco Systems Inc
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FireEye Inc.
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Check Point Software Technologies
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Huawei Technologies
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AO Kaspersky Lab
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Trend Micro Incorporated
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Symantec Corporation
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Dell Technologies Inc.
Threat Intelligence Industry Developments
Armis entered a new era in security strategy and capabilities by acquiring CTCI, an AI-powered pre-attack threat-hunting technology company, in February 2024. This transition meant moving from reactive threat response to proactive threat hunting using AI and dark web intelligence to prevent attacks.
In October 2023, global leader Stamus Networks launched free Suricata-based network security feeds for newly registered domains (NRD) that give Suricata customers better visibility into potential threats and data as they investigate incidents.
December 2023 - The latest release on the newest integrated operational technology (OT) security solutions and services by Fortinet Inc. These additions help separate Fortinet’s OT Security Platform from others in the market.
October 2023 - IBM Corporation has launched the next evolution of its managed detection and response service offerings that involve new AI technologies, including automatically escalating or closing up to 85% of alerts1 that help clients speed security response.^2 Here is where new Threat Detection and Response Services (TDR) offer 24×7 monitoring, investigation, and automated remediation of any security alerts coming through any client’s hybrid cloud environment – including their existing security tools/investments as well as cloud/on-premise/operational technologies (OT).
Broadcom Inc. partnered with Google Cloud to build gen AI-driven cybersecurity alongside threat intelligence towards embedding generative AI within the Symantec Security Platform during a phased rollout that will provide large customer bases with significant technological advancements for identifying, understanding, and remediating complex cyber-attacks in September 2023.
Anomali Inc., a provider of security solutions, teamed up with Canon IT Solutions Inc. to deliver Threat Intelligence Platform services for enterprise customers during March 2023. Utilizing Anomali’s ThreatStream provides smallmedium enterprises with real-time information about individual attackers using indicators derived from open sources across multiple industries, as well as emerging tactics and information-centric security measures.
In September 2023, Cisco Systems Inc. purchased Splunk and enhanced its threat intelligence solutions to transition organizations from threat detection and response to threat prediction and prevention.
Threat Intelligence Market Segmentation
Threat Intelligence Component Outlook
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Solutions
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Services
Threat Intelligence End User Outlook
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BSFI
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IT & Telecom
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Manufacturing
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Healthcare
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Energy & Utilities
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Retail
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Others
Threat Intelligence Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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