Dublin, Jan. 03, 2019 (GLOBE NEWSWIRE) -- 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.
Increasing level of interconnectivity due to IoT and BYOD trends is expected to drive the threat intelligence market
The threat intelligence market size is estimated 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 threat intelligence market is driven by factors such as the threat to data by the growing level of interconnectivity due to IoT and BYOD trends and increasing number of targeted attacks and ubiquitous APTs. However, complexities in deriving quality information from huge volumes of threat data is still a concern for organizations. Furthermore, organizations' inability to afford robust threat intelligence services is acting as a barrier in the threat intelligence market.
Threat intelligence platforms segment is expected to grow at the highest CAGR during the forecast period
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). These solutions protect the systems individually, and when integrated with the threat intelligence feeds, they provide comprehensive security to the users. The threat intelligence platforms segment in the threat intelligence solution market is expected to have the highest CAGR during the forecast period. The threat intelligence platforms are being deployed by a large number of SMEs to secure their organizations from emerging threats and vulnerabilities.
Increasing threat landscape in SMEs is expected to drive the higher growth rate of the SMEs segment during the forecast period
The SMEs segment is expected to grow at the highest CAGR, owing to the rising deployment of threat intelligence solutions by SMEs to proactively protect their digital assets. 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. Weak cybersecurity and low budget make the organizations more susceptible to advanced cyber-attacks such as ransomware, botnets, zero-day attacks, and Advanced Persistent Threats (APTs). However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2018.
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period
APAC includes emerging economies such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying threat intelligence solutions. APAC is expected to grow at the highest CAGR during the forecast period. The APAC threat intelligence market is gaining traction as it provides proactive security measures against the 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. Furthermore, North America is expected to have the largest market size in 2018.
Recent developments:
- In July 2018, Symantec expanded its business in India by opening a Security Operations Center to strengthen global threat hunting, incident response, and security analyst footprint.
- In June 2018, FireEye partnered with Gigamon to improve threat defenses across their customers' security infrastructures.
- In July 2017, IBM launched security services through its IBM X-Force Red team to protect automotive and IoT organizations from advanced threats.
Key Topics Covered:
1 Introduction
2 Research Methodology
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
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
- Alienvault
- Blueliv
- Check Point
- Crowdstrike
- Dell Technologies
- Digital Shadows
- Domaintools
- Farsight Security
- Fireeye
- Flashpoint
- Group-Ib
- IBM
- Intel
- Kaspersky Lab
- Logrhythm
- Lookingglass Cyber Solutions
- Mcafee
- Optiv
- Phishlabs
- Proofpoint
- Surfwatch Labs
- Symantec
- Threatconnect
- Trend Micro
- Webroot
For more information about this report visit https://www.researchandmarkets.com/research/rslc4z/12_9_bn_threat?w=12
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