Market Research Future (MRFR) in its recently published study report asserts that the global threat intelligence management market will accrue exponentially by 2023, registering a phenomenal CAGR throughout the review period (2018-2023).
Additional factors propelling the market growth include features of threat intelligence management such as the ability to detect threat information and transform this information into relevant intelligence. These advantages act as significant drivers enforcing the organizations to build more effective defense systems and deploy threat intelligence management.
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The MRFR analysis is segmented into six key dynamics for enhanced understanding.
By Solutions: Network Management Solutions, Threat Intelligence & Risk Management Solutions, Identity & Access Management Solutions, and Log Management & Firewall among others.
By Services: Threat Intelligence Feed Services, Threat Monitoring Services and Consultation among other services.
By Mode of Deployment: On-cloud and On-premise Deployment
By Organization Size: Small & Medium Enterprises (SME’s) and Large Enterprises.
By End-users: BFSI, Healthcare, Telecommunication, Manufacturing, Retail, Education, Research Organizations and Transportation among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
The North American region, heading with the substantial advancements in technologies, is expected to retain its dominance over the global threat intelligence management market. This region is a hub to the noteworthy players that develop and innovate threat intelligence technology which positively impacts the market growth in the region.
Moreover, factors such as the higher adoption of cybersecurity solutions and threat intelligence services are expected to foster the growth of the regional market. Furthermore, the presence of a number of key players in the region acts as a significant driving force pushing up market growth. The US is contributing a major portion towards the growth of the regional market, heading with the presence of giant companies such as IBM, Symantec, and McAfee.
The Asia Pacific region, heading with the increasing number of businesses in India, China, Japan, and Korea is emerging as a lucrative Threat Intelligence Management Market Overview. The augmenting demand for the deployment of threat intelligence management technologies led by the government’s efforts to push the uptake of cloud technologies is supporting the growth of the regional market.
The market is estimated to witness a higher adoption of threat intelligence management solutions owing to the substantial investments in enhancing their network defenses to prevent theft of data and cyber-attacks. Moreover, the increase in the volume of data and the growing demand for mobile & web applications act as a significant driving force, allowing the favorable environment for developments in technologies.
Simultaneously, the massive demand for advanced intelligence management solutions that can provide comprehensive support and real-time access to data increases the market size, facilitating enterprises to comprehend business scenarios.
The threat intelligence management market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.
Well-established players are increasingly investing in R&D to develop a cost-effective product portfolio and are seeking expansion through various strategic initiatives. Growth in terms of innovations in technologies and product are expected to create strong investment opportunities for global players.
Key players leading the global threat intelligence management market include Dell Technologies Inc. (USA), IBM Corporation (USA), McAfee LLC (USA), Symantec Corporation (USA), Trend Micro Incorporated (Japan), Check Point Software Technologies Ltd. (USA), FireEye Inc. (USA), Juniper Networks Inc. (USA), LogRhythm Inc. (USA), Optiv Security Inc. (USA), Farsight Security Inc. (USA), Webroot Inc. (USA), F-Secure Corporation (Europe), Splunk Inc. (USA) AlienVault Inc. (USA), and LookingGlass Cyber Solutions Inc. (USA) among others.
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