Threat Intelligence Market, By Component (Solutions, Services), By Deployment (On-premises, Cloud), By Organization size (Small, Medium, Large), By End-users (Government, Healthcare) - Global Forecast 2023
Market Highlights
The key players in the global threat intelligence market include- Dell Technologies, Inc. (US), IBM Corporation (US), Symantec Corporation (US), McAfee LLC (US), Trend Micro Incorporated (Japan), IBM Corporation (US), FireEye, Inc. (US), Juniper Networks, Inc. (US), Check Point Software Technologies Ltd. (US), Optiv Security, Inc. (US), LogRhythm, Inc. (US), AlienVault, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe), and LookingGlass Cyber Solutions, Inc. (US) among others.
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Overview
The global threat intelligence market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The threat intelligence market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the threat intelligence market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.
Regional Analysis
The global threat intelligence market is expected to grow significantly over the forecast period, 2017-2023. BFSI segment of threat intelligence market globally drives the market majorly due to increasing demand for better solutions for protection of network infrastructure. The market is expected to have higher growth rate as compared to the previous years. The global threat intelligence market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. BFSI segments hold a largest share in the North-American region. The reason is attributed to implementation of threat intelligence solutions, banks and other financial institutions will help to assess the type of threat and detect their patterns in real-time and by reducing suspicious activities.
Also, organizations are looking for better technologically advanced solutions in this region. Therefore, BFSI segment of threat intelligence market accounted for the largest market share.
Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to security measures against the evolving cyber-attacks and SMEs & large-scale organizations are adopting threat intelligence solutions in this region.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions against cybercrimes such as fitness bands, standard regulation and presence of technical expertise.
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