Threat intelligence is an information security discipline that seeks understanding of sophisticated cyber threats by collecting, enriching, and analyzing the information of advanced threats and employing the best actionable intelligence to counter the sophisticated advanced threats and their targeted attacks. It refers to the ability of organizations to understand and analyze the information on threat vectors collected from various sources and prevent advanced threats through a comprehensive threat intelligence strategy.
MarketsandMarkets forecasts the cyber threat intelligence market size which is expected to grow from USD 3.83 Billion in 2017 to USD 8.94 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 18.4%. Due to the threat landscape of insider attacks, there is a huge adoption of threat intelligence databases within organizations. The sophistication level in the cyberattacks is also increasing and creating demands for more comprehensive threat Intelligence services that would enable the protection of organizations infrastructure.
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Browse 165 market data Tables and 41 Figures spread through 200 Pages and in-depth TOC on “Threat Intelligence Market by Solution (Threat Intelligence Platforms, SIEM, IAM, SVM, Risk and Compliance Management, Incident Forensics), Service (Managed, Professional), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2023”
The key players in the cyber threat intelligence market include IBM Corporation (US), Dell Technologies, Inc. (US), McAfee LLC (US), Trend Micro Incorporated (Japan), Symantec Corporation (US), Check Point Software Technologies Ltd. (US), Juniper Networks, Inc. (US), FireEye, Inc. (US), LogRhythm, Inc. (US), LookingGlass Cyber Solutions, Inc. (US), Optiv Security, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe), AlienVault, Inc. (US), and Splunk, Inc. (US). These players have adopted various strategies, such as partnerships, agreements, and collaborations; acquisitions; and new product developments to achieve growth in the global cyber threat intelligence market.
The cyber threat intelligence market size witnessed a lot of partnerships, agreements, and collaborations by key players from 2015 to 2017. In March 2017, Check Point joined Google Cloud Technology Partner Program. Check Point introduced Check Point vSEC for Google Cloud Platform, which provides multi-layered security to protect workloads on cloud and enables secured connectivity between on-premises enterprise networks and Google Cloud Platform. In February 2016, IBM formed a partnership with Check Point Software Technologies, a leading provider of cybersecurity solutions. The partnership would share the threat intelligence platform, which would help organizations to fight against advanced threats, thereby providing faster incident responses. In July 2016, LogRhythm teamed up with Unisys Corporation to integrate LogRhythm’s next-generation security intelligence services with Unisys Stealth, to offer improved threat detection capabilities to the clients.
The key players also adopted the strategy of acquisitions to increase and expand their product portfolio to untapped markets. In May 2017, LogRhythm formed a Technology Alliance Partner (TAP) Program, which includes companies, such as Cisco, Carbon Black, Palo Alto Networks, Gigamon, and Check Point. This platform provides enhanced solutions in the security domain. In April 2016, IBM acquired Resilient Systems Inc., a leading provider of incident response solutions. This acquisition would enhance the incident response capabilities of IBM, thus helping clients to defend against cyber breaches. In January 2016, FireEye acquired iSIGHT Partners. This acquisition helped FireEye to create the most advanced private cyber threat intelligence operation in the world.
The major players also launched new products to strengthen their product portfolio and expanded their offerings to new clients. In June 2017, Dell Technologies (SecureWorks) has enhanced its CTP offering by adding features, such as business-driven context and intelligence, unified visibility, and accelerated time to value, with the help of which it can offer strong protection against cyber threats. In April 2017, FireEye launched FireEye Helix, an intelligence-led platform, which would help in making the security operations simpler, integrated, and automated. In November 2016, LogRhythm launched new security intelligence and analytics platform, LogRhythm 7.2, which offered more efficient and powerful threat management capabilities. In the same month, FireEye announced the availability of FireEye iSIGHT Intelligence to provide awareness about cyber-attacks and gain valuable information regarding those attacks.
Threat intelligence vendors are continuously adding innovations to their solutions and services to protect sensitive data, applications, networks, and connected devices from real-time behavioral anomalies and advanced threats. Furthermore, threat Intelligence solutions and services are being increasingly adopted in various verticals, such as Banking, Financial Services, and Insurance (BFSI); energy and utilities; government; healthcare; IT and telecom; transportation; manufacturing; retail; and education, which have led to the growth of the market across the globe.
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