The global threat intelligence market size is projected to grow from USD 11.6 billion in 2021 to USD 15.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. This growth is attributed to the R&D investments by governments and enterprises to develop robust threat intelligence solutions, and increase in the demand for professional and managed security services. The increasing venture capital funding and growing investments in threat intelligence to drive market growth.
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IT and ITeS vertical to hold the largest market size during the forecast period
The IT and ITeS vertical includes IT solution and service providers, consulting companies, internet service providers, and communication companies. This vertical is constantly evolving in terms of the use of technologies, and is an early adopter of innovative technology solutions. It requires threat intelligence solutions at a large scale due to voluminous information produced daily. The increasing integration of Information and Communications Technology (ICT) with the daily activities of industries, families, governments, and consumers, along with the rising growth of cybersecurity, has led the information vertical to focus more on IT activities. Therefore, IT and ITeS holds the largest market size during the forecast period.
North America to hold the largest market share during the forecast period.
North America has several prominent market players delivering threat intelligence solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the threat intelligence markets growth. The geographical presence, significant Research and Development (R & D) activities, partnerships, and acquisitions and mergers are the major factors for deploying threat intelligence and services.
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Unique Features in the Threat Intelligence Market
It’s critical to have real-time threat detection capabilities. Platforms for threat intelligence offer real-time monitoring and alerting so that possible threats can be recognized and addressed as soon as they materialize.
These systems uncover patterns and anticipate potential dangers by analyzing large amounts of data through the use of artificial intelligence (AI) and machine learning (ML). Finding complex attack paths and zero-day vulnerabilities is part of this.
By compiling information from numerous sources across the globe, threat intelligence systems provide a global view on cyber risks. This aids in recognizing and reducing risks that may be developing in many areas.
Security teams may proactively search for indications of malicious activity within their networks thanks to advanced threat hunting capabilities. Rapid threat containment and mitigation is made possible by integrated incident response systems.
Threat feeds can be tailored by users for certain requirements, like industry, geography, or threat kind. This guarantees that the data is pertinent and useful for the company.
The automatic gathering, processing, and distribution of threat data are all included in the automation of threat intelligence. This expedites the response to threats and lessens the manual strain.
Major Highlights of the Threat Intelligence Market
The market for threat intelligence is expanding rapidly due to the increase in data breaches and cyberattacks as well as the growing demand for preventive cybersecurity solutions. As more businesses invest in cutting-edge security solutions, the market is expected to grow.
The capacity to identify, evaluate, and react to threats is being improved by the integration of machine learning (ML) and artificial intelligence (AI) in threat intelligence platforms. These technologies support pattern recognition, assault prediction, and reaction automation.
Threat intelligence solutions are increasingly expected to have real-time threat detection and response capabilities. This is essential for minimizing the effects of cyberattacks and averting serious harm.
Platforms for aggregating threat intelligence gather information from a variety of sources, such as social media, open-source intelligence (OSINT), the dark web, internal logs, and commercial threat feeds. This thorough data collection offers a more comprehensive understanding of the threat environment.
Collaboration and information exchange across enterprises and within industries are becoming more and more important. This interchange is facilitated by platforms such as Information Sharing and Analysis companies (ISAOs) and Information Sharing and Analysis Centers (ISACs), which assist companies in staying aware of new dangers.
The market is moving away from raw data and toward actionable insights. This helps security teams take well-informed action by providing them with contextual information, risk scores, and detailed suggestions for reducing threats.
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Top Companies in the Threat Intelligence Market
Key and innovative vendors in the threat intelligence market include IBM (US), Cisco (US), Trend Micro (Japan), McAfee (US), Mimecast (UK), VMware (US), AT&T (US), Check Point (Israel), DXC Technology (US), Broadcom (US) and NSFOCUS (US).
IBM operates through the following segments: cognitive solutions, global business services, technology services and cloud platforms, systems, and global financing. IBM’s main activity is to find solutions for its clients using advanced technologies and it is one of the key vendor of threat intelligence solutions. Its clients comprise individual users, specialized businesses, and institutions, such as governments, IT companies, defense organizations, and educational institutes. The company offers various solutions, including cloud IAM, cloud Identity, application security, network projection, security intelligence and operations, data protection, and endpoint security. Its security platform caters to many industry use case scenarios, including supply chain, financial services, automotive, real estate, food safety, identity, and international trade.
Cisco is one of the provider of threat intelligence solutions that develops and sells software, networking hardware, telecom equipment, and high technology services and products. The company’s customer base includes large enterprises, small and mid-sized businesses with security solutions, such as Threat Intelligence Director, Secure-X, Cisco Zero Trust, Cisco Secure Data Center, and Cisco Application-First Security. The Cisco Security Technology Alliance enables open, multi-vendor product integration with Cisco’s security products. The company offers services, such as advisory services, implementation services, managed services, and Cisco Talos Incident Response service.
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