Threat Intelligence Security Services Market 2023 Sketch by Top 10 Industry Players as Juniper Networks, McAfee, LookingGlass Cyber Solutions, FireEye, Cisco Systems, Symantec Corporation, Trend Micro

Threat Intelligence Security Services Market

Threat intelligence security services market is expected to reach USD 11.04 billion in 2023 from USD 3.93 billion in 2017, registering a CAGR of 18.9%, during the forecast period (2018 - 2023). The scope of the report is limited to the type of services offered, the type of deployment method, the organizations size and various end-user verticals. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Threat Intelligence complements threat assessment and detects, analyzes, and does predictive remediation of various cyber security threats. The market is being driven by rapid adoption of Bring-Your-Own-Device (BYOD), increasing cyber security concerns and various other factors.

Key Developments in the Threat Intelligence Security Services Market

August 2017 – Juniper Networks launched Juniper® Contrail Security, a new security and micro segmentation solution specifically designed to allow enterprises and Software-as-a-Service (SaaS) cloud providers to protect applications running in multiple cloud environments

February 2017 – Looking Glass Cyber Solutions made its threat intelligence platform compliant with STIX 2.0. With STIX 2.0, users can share collected threat data with colleagues within their sector, across industries or with other organizations using this open standard

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Threat Intelligence Market Major Players
• Juniper Networks, Inc.
• McAfee, Inc.
• LookingGlass Cyber Solutions, Inc.
• FireEye, Inc.
• Cisco Systems, Inc.
• Symantec Corporation.
• Trend Micro, Inc.

Reasons To Purchase Threat Intelligence Security Services Market Report
• To know, how various factors are driving the market with respect to the global market scenario
• To analyze various market perspectives, with the help of Porter’s five forces analysis
• To understand, which of the regions is expected to witness the fastest growth rate during the forecast period
• To identify the latest developments, market shares, and strategies that are employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

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Rapid Adoption of Bring-Your-Own-Device (BYOD)

The BYOD concept is gaining momentum among companies. As per survey by Trackvia, 53% of the organizations have rolled out BYOD concept and 80% of the employees are using personal gadgets for business purpose. Cisco also stated that 69% of IT decision makers favor BYOD in their workplace. Moreover, BYOD enables an employee to save 58 minutes each day, and increase productivity by 34%. But, increasing BYOD concept will also increase cyber threats and thus, bolstering the threat intelligence security services market.

Asia Pacific to Have the Highest Growth Rate in Threat Intelligence Security Services Market

Asia Pacific (APAC) is expected to drive the threat intelligence security services market. Emerging economies in APAC, such as China, Japan, and India are deploying threat intelligence security servicesrapidly. APAC region houses immense number of SMEs and SMEs are deploying threat intelligence services owing to increasing incidences of cyber-attacks. Moreover, large organizations are also deploying such services to combat cyber-attacks.

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This release was published on openPR.