Market Research Future (MRFR) estimates the global threat intelligence management market to grow at an exponential pace from 2017 to 2023 (forecast period).
The threat intelligence management industry is going through numerous changes due to the volatile nature of technological advancements. The amount of data available today is pushing businesses to incorporate threat intelligence management. Targeted and persistent threats can compromise standard security and expose weaknesses in the organization’s security models. The need for organizations to develop more efficient security systems and deploy threat intelligence management is driven by the need to improve network protection against the risk of data breaches and detect any malicious activity.
One of the advantages of a threat intelligence management solution is identifying threat information and turning it into useful intelligence that analysts can use to update the existing security model and take preventive measures. Threat intelligence management provides a portal for users to track the most recent threat actors, the attacks they conduct and identify regularly targeted data. Analysts may use this feature to interpret the various ways in which these actors and attacks can affect their business.
However, one of the most significant challenges that threat intelligence management faces today is the pace at which threat intelligence is obtained in order to prevent an attack. The inability of security systems to share threats in real-time can pose a challenge to the overall industry. To keep up with the pace of the attack, security systems must share the threat in real-time.
COVID-19 Impact on the Global Threat Intelligence Management Market
The COVID-19 pandemic has had an impact on all aspects of society, including individuals and businesses. The internet ecosystem has played a critical role all over the world. The reliance on online businesses has grown dramatically as a result of the COVID-19 pandemic. The internet is being used to provide necessary services to customers in industries such as information, finance and insurance, healthcare and social assistance, retail trade, manufacturing, and utilities.
The global threat intelligence management market has been segmented into solutions, services, deployment mode, organization size, and end-users.
Based on solutions, the global threat intelligence management market has been segmented into network management solutions, threat intelligence and risk management solutions, identity and access management solutions, log management and firewall.
Based on services, the global threat intelligence management market has been segmented into threat intelligence feed services, threat monitoring services and consultation.
Based on deployment mode, the global threat intelligence management market has been segmented into cloud deployment and on-premises deployment.
Based on organization size, the global threat intelligence management market has been segmented into Small and Medium Enterprises and Large Enterprises.
Based on end-users, the global threat intelligence management market has been segmented into BFSI, healthcare, Telecommunication, manufacturing, retail, education, research organizations and transportation.
Region-wise, the global threat intelligence management market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America currently dominates the market among these regions due to the higher adoption of Cyber Security solutions and threat intelligence services. This region serves as a center for major key players who build and innovate threat intelligence technology. The United States contributes significantly to this expansion, with key players such as IBM, Symantec, and McAfee preparing to develop enhanced threat intelligence management tools.
Over the forecast period, the Asia Pacific region is projected to expand rapidly. Many SMEs and large enterprises in China, Japan, and India are investing in strengthening their network defenses to prevent data theft and cyber-attacks. The rising demand for mobile and web apps, as well as the increase in data volume, are fueling the growth of the Asia Pacific threat intelligence market.
Some of the main players in the global threat intelligence management market include IBM Corporation (USA), Dell Technologies Inc. (USA), McAfee LLC (USA), Trend Micro Incorporated (Japan), Symantec Corporation (USA), Check Point Software Technologies Ltd. (USA), Juniper Networks Inc. (USA), FireEye Inc. (USA), LogRhythm Inc. (USA), LookingGlass Cyber Solutions Inc. (USA), Optiv Security Inc. (USA).
Other players include Webroot Inc. (USA), Farsight Security Inc. (USA), F-Secure Corporation (Europe), AlienVault Inc. (USA), Splunk Inc. (USA).
The global threat intelligence management market is predicted to grow at an exponential pace from 2017 to 2023 (forecast period). One of the advantages of a threat intelligence management solution is the ability to identify threat information and turn it into specific intelligence that analysts can use to update the existing security model and take proactive measures. Threat Intelligence Management provides the user with a platform to track the most recent threat actors, the attacks they conduct and identify regularly targeted data. With this feature, analysts can interpret the various ways in which these actors and attacks can affect their business.
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