Worldwide Threat Intelligence - Key Opportunities in the Market to 2023: Highly Regulated Verticals Continuing to Create Attractive Opportunities for Vendors
DUBLIN, Dec. 6, 2018 /PRNewswire/ --
The "Threat Intelligence Market by Solution (Threat Intelligence Platforms, SIEM, IAM, SVM, Risk and Compliance Management, Incident Forensics), Service, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The threat intelligence market is expected to grow from USD 5.3 billion in 2018 to USD 12.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.7%.
The rise in the number of targeted attacks and ubiquitous Advanced Persistent Threats (APTs) and stringent directives for data protection are the main drivers of the market.
The market is segmented by component, solution, service, deployment mode, organization size, industry vertical, and region. The threat intelligence market by solution includes threat intelligence platforms, Security Information and Event Management (SIEM), log management, Security and Vulnerability Management (SVM), Identity and Access Management (IAM), risk and compliance management, incident forensics, and User and Entity Behavior Analytics (UEBA). The SIEM segment in the threat intelligence solution market is expected to have the largest market size, during the forecast period.
The market for services segment is growing as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about securing access to their networking devices. The managed services segment is expected to have the largest market share and dominate the threat intelligence market during the forecast period. The rise in large-scale networks and the increase in customer base from the SMEs community are the driving factors for managed services growth.
The threat intelligence market study aims at estimating the market size and future growth potential of the market across segments, such as components, solutions, services, deployment modes, organization sizes, verticals, and regions.
The cloud segment is estimated to constitute the largest market size during the forecast period
The cloud deployment mode is expected to grow at a higher CAGR, as SMEs are rapidly adopting cost-effective cloud deployment mode. This model helps SMEs avoid the costs associated with hardware, software, storage, and technical staff. The cloud-based platform offers a unified way in the form of SaaS-based security services to secure business applications. It is also beneficial for organizations with strict budgets for security investments.
The SMEs segment is expected to grow at the highest CAGR during the forecast period
The SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidence of cyber-attacks on these enterprises. SMEs are small in terms of their size but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2018.
Threat intelligence solutions and services have been deployed across various industry verticals, including government and defense; Banking, Financial Services, and Insurance (BFSI); IT and telecom; healthcare; retail; transportation; energy and utilities; manufacturing; education; and others. The BFSI vertical is expected to grow at the highest CAGR during the forecast period and estimated to have the largest market size in 2018.
North America is expected to account for the largest market size during the forecast period
The global threat intelligence market has been segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for threat intelligence solution and service vendors in 2018. Increasing IoT trend and growing internal and external threats are some of the key factors expected to fuel the growth of the market in North America.
The APAC threat intelligence market is gaining traction as the threat intelligence solutions provide proactive security measures against evolving cyber-attacks. SMEs as well as large-scale organizations in the APAC region have become more aware of the increasing cybercrimes and have started adopting threat intelligence solutions and services to combat them.
Competitive Analysis
Major vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions, to expand their offerings in the threat intelligence market.
Symantec is one of the leading operators of world's largest global threat intelligence network that helps secure its large customer base from APTs and vulnerabilities. It has a huge threat indicator database that helps in offering a faster and proactive protection to customers. The company is growing in the threat intelligence market by using various strategies, such as launching advanced products and services, entering partnerships, and expanding its services geographically.
Similarly, IBM, another leading threat intelligence solutions provider, has implemented various strategies to deliver cutting-edge threat intelligence to global organizations. Various organic and inorganic growth strategies are helping the threat intelligence vendors to stay ahead in the global market.
Market Developments
- Symantec expanded its business in India by opening a Security Operations Center to strengthen global threat hunting, incident response, and security analyst footprint.
- FireEye partnered with Gigamon to improve threat defenses across their customers' security infrastructures.
- IBM launched security services through its IBM X-Force Red team to protect automotive and IoT organizations from dvanced threats.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Segmentation 1.4 Years Considered for the Study 1.5 Currency Considered 1.6 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.2 Primary Data 2.1.2.1 Breakup of Primaries 2.1.3 Key Industry Insights 2.2 Market Size Estimation 2.2.1 Bottom-Up Approach 2.2.2 Top-Down Approach 2.3 Assumptions for the Study 2.3.1 Limitations of the Study
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Threat Intelligence Market 4.2 Threat Intelligence Market, Market Share of Top 3 Solutions and Regions, 2018 4.3 Market Top 3 Solutions 4.4 Marke, By Service, 2018-2023 4.5 Market By Deployment Mode, 2018 4.6 Market By Organization Size, 2018 4.7 Market Top 3 Verticals, 2018 4.8 Market Investment Scenario
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Level of Interconnectivity Due to Rising IoT and BYOD Trends 5.2.1.2 Rise in the Number of Targeted Attacks and Ubiquitous APTs 5.2.1.3 Organization's Need to Deploy Next-Gen Cybersecurity 5.2.1.4 Stringent Directives for Data Protection 5.2.2 Restraints 5.2.2.1 Organizations' Inability to Afford Robust Threat Intelligence Services 5.2.2.2 Lack of Skilled Security Professionals 5.2.3 Opportunities 5.2.3.1 Integration of AI, Machine Learning, and Big Data Analytics with Threat Intelligence 5.2.3.2 Highly Regulated Verticals Continuing to Create Attractive Opportunities for Threat Intelligence Vendors 5.2.3.3 High Demand for Cloud-Based Threat Intelligence Solutions in SMEs 5.2.4 Challenges 5.2.4.1 Complexities in Deriving Quality Information From Huge Volumes of Threat Data 5.2.4.2 Duplicate Data, Large Number of False Positives, and Lack of Context 5.3 Regulatory Landscape 5.3.1 General Data Protection Regulation 5.3.2 Payment Card Industry Data Security Standard (PCI DSS) 5.3.3 Health Insurance Portability and Accountability Act 5.3.4 Federal Information Security Management Act 5.3.5 Sarbanes-Oxley Act 5.3.6 Gramm-Leach-Bliley Act 5.4 Best Practices in Threat Intelligence 5.4.1 Defining the Scope of Threat Intelligence Program 5.4.2 Developing A Central Database 5.4.3 Monitoring Internal and External Threats 5.4.4 Spreading Awareness About Security Among Employees and Third Parties 5.4.5 Continuous Improvement in Gathering and Applying Threat Intelligence 5.5 Innovation Spotlight 5.5.1 Mcafee 5.5.2 Kaspersky Lab 5.5.3 Proofpoint 5.5.4 Group-Ib
6 Threat Intelligence Market, By Component 6.1 Introduction 6.2 Solutions 6.2.1 Increasing Threat of Data Breaches Due to Growing Sophistication of Attacks to Drive the Adoption of Threat Intelligence Solutions 6.3 Services 6.3.1 Adoption of Services is Driven By Organizations' Need to Deploy Proactive Security
7 Threat Intelligence Market, By Solution 7.1 Introduction 7.2 Threat Intelligence Platforms 7.2.1 Threat Intelligence Platforms Enable Organizations to Perform Faster and Deeper Investigations 7.3 Security Information and Event Management 7.3.1 Siem Software Enables Users to Execute Event Forensics for Establishing What Actually Happened Before, During, and After Log Events 7.4 Log Management 7.4.1 Exponential Increase in Log Data Due to Emergence of Cloud to Drive the Demand for Log Management Solutions 7.5 Security and Vulnerability Management 7.5.1 Rapid Growth in Cybercrimes is Fueling the Adoption of Svm Solutions Among Global Enterprises 7.6 Identity and Access Management 7.6.1 Increasing Threat of Data Breaches Due to Insider Attacks is Encouraging Organizations to Deploy the Iam Solution 7.7 Risk and Compliance Management 7.7.1 Compliance With Government Regulations and Adoption of Best Security Practices are Fueling the Growth of the Risk and Compliance Management Solution 7.8 Incident Forensics 7.8.1 Heavy Financial Losses Post Security Incidents are Driving the Adoption of the Incident Forensics Solution 7.9 User and Entity Behavior Analytics 7.9.1 Adoption of the Ueba Solution is Driven Due to the Increasing Cyber Threats Posed By Insiders in Organizations
8 Threat Intelligence Market, By Service 8.1 Introduction 8.2 Managed Services 8.2.1 Managed Services are Gaining Popularity as They Help Organizations Manage Need to Compliance 8.2.2 Advanced Threat Management 8.2.2.1 Cost-Saving Benefits of the Atm Services Over In-House IT Security Services are Compelling Organizations to Adopt Them 8.2.3 Security Intelligence Feeds 8.2.3.1 Security Intelligence Feeds are Playing A Key Role in Protecting Organizations From Potential Cyber-Attacks 8.3 Professional Services 8.3.1 Increasing Volume of Threat Data and Emerging Cyber Threats are Encouraging Organizations to Adopt Professional Services 8.3.2 Consulting Services 8.3.2.1 Consulting Services Help Optimize Organizations' Ability to Consume, Analyze, and Apply Cyber Threat Intelligence to Protect Digital Assets 8.3.3 Training and Support 8.3.3.1 Lack of Skilled Security Professionals is Driving the Adoption of Training Services
9 Threat Intelligence Market, By Deployment Mode 9.1 Introduction 9.2 On-Premises 9.2.1 On-Premises Threat Intelligence Solutions Enable Organizations to Control Platforms, Applications, Systems, and Data 9.3 Cloud 9.3.1 Cost-Effectiveness of Cloud-Based Solutions is Driving Their Adoption
10 Threat Intelligence Market, By Organization Size 10.1 Introduction 10.2 Small and Medium-Sized Enterprises 10.2.1 Growing Attack Surface in Small and Medium-Sized Enterprises is Encouraging Them to Deploy Threat Intelligence Solutions 10.3 Large Enterprises 10.3.1 Rise in the Number of Advanced Persistent Threats is Fueling the Adoption of Threat Intelligence Solutions Among Large Enterprises
11 Threat Intelligence Market, By Vertical 11.1 Introduction 11.2 Government and Defense 11.2.1 Increased Spending on Threat Intelligence Solutions and Services By the Government and Defense Vertical is Expected to Drive the Growth of the Threat Intelligence Market 11.3 Banking, Financial Services, and Insurance 11.3.1 Increased Instances of Cyber-Attacks in the Financial Vertical Driving the Adoption of Threat Intelligence Solutions 11.4 IT and Telecom 11.4.1 Rapid Technological Advancements in IoT, Cloud, Telecom Connectivity, Ai-Based Applications, and Smart Infrastructure Driving the Demand of Threat Intelligence in the IT and Telecom Vertical 11.5 Healthcare 11.5.1 Increasing Number of Data Breaches and Compromised Electronic Healthcare Records Driving the Demand for Threat Intelligence Solutions and Services 11.6 Retail 11.6.1 Expanding Customer Base and Growing Use of High-Tech By Retail Vendors Leading to Demand for Threat Intelligence in Retail Vertical 11.7 Transportation 11.7.1 Proliferation of Cloud Services and Increased Instances of Cyber-Attacks to Increase the Demand of Threat Intelligence Solutions 11.8 Energy and Utilities 11.8.1 Increased Instances of Cyber-Attacks on the Critical Infrastructure Would Surge the Adoption of Threat Intelligence Solutions and Services 11.9 Manufacturing 11.9.1 Huge Investments in Industry 4.0 By Manufacturing Industry to Benefit the Threat Intelligence Market 11.10 Education 11.10.1 Increasing Awareness of Cyber Threats in the Education Vertical to Drive the Growth of the Threat Intelligence Market 11.11 Others
12 Threat Intelligence Market, By Region 12.1 Introduction 12.2 North America 12.2.1 United States 12.2.1.1 US Holds the Highest Market Share in the Threat Intelligence Market Owing to A Large Number of Vendors and Increased Instances of Cyber-Attacks in the Region 12.2.2 Canada 12.2.2.1 Adoption of Threat Intelligence Solutions and Services Expected to Increase in BFSI, IT and Telecom, and Manufacturing in Canada 12.3 Europe 12.3.1 United Kingdom 12.3.1.1 IT and Telecom and Financial Sector to Be Top Verticals Under Constant Threat From Attackers 12.3.2 Germany 12.3.2.1 Ransomware, Spyware, and Reconnaissance to Be Top Threat Vectors Leading to Increase in Adoption of Threat Intelligence Solutions and Services 12.3.3 France 12.3.3.1 BFSI, Government, and IT and Telecom to Continue to Be Subject to Hostile Reconnaissance Activities in Coming Years 12.3.4 Rest of Europe 12.4 Asia Pacific 12.4.1 China 12.4.1.1 Increased Instances of Attacks From Virus, Worms, Spyware, Trojan, and Ransomware on Enterprises and Government Organizations to Impact Threat Intelligence Market Growth 12.4.2 Japan 12.4.2.1 Manufacturing, Retail, and IT and Telecom Continue to Be Top Verticals Which are Under Constant Threat From Cyber-Criminals 12.4.3 India 12.4.3.1 Service Specific Attacks, Brute Forcing, and Network Manipulation Attacks on BFSI, IT and Telecom, and Government to Increase Adoption of Threat Intelligence Solutions and Services 12.4.4 Australia and New Zealand (Anz) 12.4.4.1 Proliferation of Cloud Services and Growing IoT Trend to Attract High Intensity Threat Vectors on Enterprise Devices and Network 12.4.5 Rest of Asia Pacific 12.5 Middle East and Africa 12.5.1 Middle East 12.5.1.1 Convergence of IT and Ot, Need to Protect Industrial Assets, and Growing Trend of IIoT to Impact High Growth in the Threat Intelligence Market 12.5.2 Africa 12.5.2.1 Need to Protect the Critical Infrastructure is Driving the Growth in the Threat Intelligence Market 12.6 Latin America 12.6.1 Brazil 12.6.1.1 Service Specific Attacks, Malware, Phishing, Ddos, and Reconnaissance to Be Major Threat Vectors Which has Forced Enterprises to Increase Adoption of Threat Intelligence Solutions 12.6.2 Mexico 12.6.2.1 Increasing Volume of Data and Increased Instances of Insider and Outsider Threats is Forcing Enterprises and Organization to Adopt Threat Intelligence Solutions 12.6.3 Rest of Latin America
13 Competitive Landscape 13.1 Overview 13.2 Competitive Scenario 13.2.1 Partnerships, Agreements, and Collaborations 13.2.2 New Product Launches and Product Enhancements 13.2.3 Mergers and Acquisitions 13.2.4 Business Expansions
14 Company Profiles 14.1 Introduction 14.2 Symantec 14.3 IBM 14.4 Fireeye 14.5 Check Point 14.6 Trend Micro 14.7 Dell Technologies 14.8 Alienvault 14.9 Webroot 14.10 Digital Shadows 14.11 Optiv 14.12 Threatconnect 14.13 Crowdstrike 14.14 Mcafee 14.15 Logrhythm 14.16 Lookingglass Cyber Solutions 14.17 Farsight Security 14.18 Kaspersky Lab 14.19 Proofpoint 14.20 Group-Ib 14.21 Blueliv 14.22 Intel 471 14.23 Phishlabs 14.24 Domaintools 14.25 Flashpoint 14.26 Surfwatch Labs
For more information about this report visit https://www.researchandmarkets.com/research/xmjsth/worldwide_threat?w=5
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