Threat Intelligence Market Analysis

Threat Intelligence Market Analysis

The UTM component segment is estimated to observe around 17% growth till 2025. The enterprises are adopting various trends such as Bring Your Own Device (BYOD), Choose Your Own Device (CYOS), and virtualization. With the incorporation of these trends, the enterprises need to prepare for the emerging internal and external security vulnerabilities in their networks. UTM safeguards the network against a wide range of internal & external threats.

The SIEM segment accounted for 30% of the market revenue in 2018. The increasing need to speed up the threat detection process is driving the use of SIEM solutions. The technology uses event discovery and correlation mechanisms to speed up the network event monitoring process by combining the error logs & alerts into a unified solution. This enables real-time threat monitoring across the entire network.

The internet-based solution segment is set to register over 14% gains in the threat intelligence market during the forecast period. This growth is credited to increasing proliferation of cloud technology.

Modern cyber-attacks such as WannaCry and NotPetya pandemic use disruptive and innovative security technology to circumvent the passive defense mechanism. To combat such advanced security threats, real-time defense mechanisms are required to forecast attack patterns. The cloud technology uses a collaborative approach to predict future attack locations by analyzing event streams of data.

The file-based solutions held more than 50% market share in 2018. The technological advancements in the connectivity infrastructure is a key factor influencing the market growth. The emergence of next-generation technologies such as 5G and 4G has enabled companies to download large files, thereby promoting the use of the file-based solutions. 

In 2018, the on-premise deployment model dominated over 75% of the total stake in the threat Intelligence market. On-premise deployment solutions are widely used among large enterprises with high investments in their security infrastructure. It allows the companies to customize their security framework as per their requirements with minimal vendor involvement.

The cloud deployment segment is predicted to expand at 20% CAGR through 2025. The cloud-based solutions have experienced a very high adoption rate among SME due to its inexpensive nature. It saves substantial capital expenses through the reduction in spending on equipment, infrastructure, and software. It also enables companies to scale their operations without incurring any additional capital expenditure.   

The IT & telecom applications accounted for over 20% of the global market revenue in 2018. This can be credited to rising number of cyber-attacks on IT & telecom providers. Telecom organizations attract sophisticated and complex cyber-attacks as they store sensitive customer information and provide critical unified communication services to organizations.

With the large section of their business operating online, the robust network security infrastructure has become an occupational necessity for the telecom industry. This is encouraging IT & telecom players to invest in threat intelligence solutions.

The BFSI sector is slated to witness growth of over 16% till 2025. The widespread digitalization of internet & online banking has a significant impact on the banking industry. Prior to the internet, financial establishments could easily secure the customers’ credentials; however, it was tough to reach their customers.

Currently, the ease-of-use has become a key competitive factor determining the success of financial organizations. This has encouraged companies to provide various online channels to improve their customer journeys. However, this has left financial establishments vulnerable to various cybersecurity attacks. The financial players are investing in advanced threat intelligence infrastructure to bolster their defenses against the latest cybercrime technologies.

North America dominated the global market with 40% share in 2018. The rise in number of connected devices along with increasing use of remote monitoring & tracking devices are encouraging companies to adopt advanced security solutions. The presence of several large threat intelligence vendors such as IBM, Symantec, and Palo Alto Networks and the widespread awareness regarding the security solutions will help in the market growth. 

Europe threat intelligence market size will grow at more than 13% CAGR from 2019 to 2025 impelled by introduction of stringent compliance regulations mandating the companies to incorporate advanced security solutions into their network infrastructure. The early adoption of various next-generation technologies such as IoT and cloud computing across various businesses sectors has further added to the market demand.