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Threat Intelligence Market to Reach US$ 20.51 Bn. by 2029: Key Players IBM, Cisco, Trend Micro

05-23-2024 10:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH

Threat Intelligence Market

Threat Intelligence Market

The Threat Intelligence Market was valued at US$ 20.51 billion in 2029, with a projected growth rate of 7.39% over the forecast period. This growth is driven by several factors, including the increasing sophistication of cyber-attacks and the growing need for organizations to enhance their cybersecurity measures. Threat intelligence solutions provide valuable insights into potential threats, enabling organizations to proactively defend against cyber-attacks. Additionally, the rise in adoption of cloud-based services and the Internet of Things (IoT) has further fueled the demand for threat intelligence solutions, as organizations seek to secure their digital assets against evolving threats. Overall, the increasing awareness about cybersecurity risks and the need for robust threat intelligence solutions are expected to drive significant growth in the market over the forecast period.



Threat Intelligence Market Report Scope and Research Methodology:

The Threat Intelligence Market Report offers a comprehensive analysis of the global threat intelligence industry, providing insights into key market trends, drivers, challenges, and opportunities. The report covers a detailed segmentation analysis based on type, deployment mode, organization size, vertical, and region. It also includes a thorough examination of the competitive landscape, with profiles of major players and their strategies. The research methodology involves primary and secondary research, with data gathered from industry experts, market participants, and government sources. The report aims to provide a holistic view of the threat intelligence market, helping stakeholders make informed decisions to strengthen their cybersecurity posture.


Explore the intricacies of this comprehensive market analysis: https://www.maximizemarketresearch.com/market-report/global-threat-intelligence-market/6924/



What are Threat Intelligence Market Dynamics:

The Threat Intelligence Market is influenced by several dynamic factors, including the ongoing technological advancements shaping various industry sectors. As digital technology and industrial systems converge, they form a unified ecosystem, presenting lucrative opportunities for technologies such as Machine-to-Machine (M2M) communication and the Internet of Things (IoT). Industries increasingly require secure control systems, particularly for equipment deployed in harsh environments like subsea oil wells or mines. The failure of such equipment under such conditions can lead to significant financial losses and endanger lives in the immediate area. The adoption of digital technology has accelerated even further as a result of responses to the COVID-19 pandemic, highlighting the critical need for robust threat intelligence solutions to protect these evolving digital ecosystems from cyber threats.



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Threat Intelligence Market Regional Insights:

In 2022, Asia Pacific dominated the Threat Intelligence Market with a market share of 36%. This region has seen a rise in threat intelligence projects, particularly in emerging economies like Australia, South Korea, and India. With the increasing cyber threats globally, the valuable data of enterprises in Asia Pacific is becoming more vulnerable. The impact of cyberattacks on revenue has prompted businesses and governments in the region to increase their investments in threat intelligence solutions.

On the other hand, North America is expected to experience significant growth during the forecast period, with a projected CAGR of 7.39%. This growth can be attributed to the region's high concentration of threat intelligence vendors and service providers focusing on innovative solutions. The availability of advanced technologies and the increasing adoption of cybersecurity measures are also driving the growth of the threat intelligence market in North America.



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What is Threat Intelligence Market Segmentation:

by Component

Solutions
Services
Professional Services
Managed Services

by Application

Security Information and Event Management
Government, Risk, and Compliance
Business Continuity Planning and Management

by Deployment

Cloud
On-premises

by vertical

IT and ITeS
BFSI
Healthcare and Life Sciences
Retail and ecommerce
Manufacturing
Others

The Threat Intelligence Market is segmented based on various factors. Firstly, by Component, it includes Solutions and Services. The Services segment further divides into Professional Services and Managed Services. Professional Services encompass consultancy, training, and support services, while Managed Services involve outsourcing the management of security systems to third-party providers.

Secondly, by Application, the market is categorized into Security Information and Event Management (SIEM), Government, Risk, and Compliance (GRC), and Business Continuity Planning and Management (BCPM). SIEM applications focus on real-time analysis of security alerts generated by applications and network hardware, while GRC applications help organizations manage regulatory compliance challenges. BCPM applications assist in creating and implementing strategies to ensure business operations continue during and after a disaster.

Thirdly, by Deployment, the market is segmented into Cloud and On-premises solutions. Cloud deployment offers flexibility and scalability, while On-premises deployment provides more control and security over data and applications.

Lastly, by vertical, the market is divided into IT and ITeS, BFSI (Banking, Financial Services, and Insurance), Healthcare and Life Sciences, Retail and e-commerce, Manufacturing, and Others. Each vertical has specific security needs and compliance requirements, driving the demand for threat intelligence solutions tailored to their industry-specific challenges.



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Who are Threat Intelligence Market Key Players:

1. IBM
2. Keepnet Labs
3. Cymulate
4. Cisco
5. VMware
6. SOCRadar
7. Cyware
8. Broadcom
9. Forcepoint
10. Mimecast
11. Trend Micro
12. Check Point
13. DXC Technology
14. McAfee
15. AT&T
16. Anomali
17. LookingGlass
18. EclecticlQ

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Maximize Market Research is a diverse market research and consulting firm with a team of experts from various industries. Our expertise spans across medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, vital market research, strategic consulting, competitive analysis, production and demand assessments, and client impact studies. We provide tailored insights and strategic advice to help businesses succeed in their respective markets.

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