Threat Intelligence Security Solutions Market Report
RA08355
Threat Intelligence Security Solutions Market by Service Type, Deployment Type, Organization Type, Application, Vertical Type, and Regional Analysis: Global Opportunity Analysis and Industry Forecast, 2020–2027
Threat Intelligence Security Solutions Market Analysis
The global threat intelligence security solutions market was valued at $10,200.0 million in 2019, and is projected to reach $18,320.4 million by 2027, at a CAGR of 7.8%.
Market Synopsis
The increasing number of cyber vulnerabilities is driving the growth of the threat intelligence security solutions market. With the increase in the support of government and private firms in threat intelligence security solutions, investment opportunities are gradually increasing.
Lack of skilled professionals and experts in the field of threat intelligence security solutions is considered to be a restraining factor.
North America was the highest revenue contributor, accou nting for $3,283.4 million in 2019, and is estimated to grow with a CAGR of 7.4%.
Threat Intelligence Security Solutions Overview
Threat intelligence security solution is information that an organization uses to understand the threats that have, will, or are currently targeting organizations’ data. This information is used to prepare, prevent, and identify cyber threats looking to take advantage of valuable resources.
Impact Analysis of COVID-19 on the Global Threat Intelligence Security Solutions Market
The COVID-19 pandemic has had a swift and severe impact on the global threat intelligence security solution market. The restrictions imposed by governments in response to the coronavirus pandemic have encouraged employees to work from home and stay at home. As a consequence, technology has become even more important in both our working and personal lives. Companies are accelerating their digital transformation, and cybersecurity is now a major concern. The reputational, operational, legal and compliance implications could be considerable if cybersecurity risks are neglected. Despite this rise in the need for advanced technology, it is noticeable that many organizations still do not provide a cyber-safe remote-working environment. For instance, in June 2020 Swissinfo.ch reported figures from the NCSC (National Cyber Security Center) showing that there were 350 reported cases of cyberattacks in Switzerland in April, compared to the norm of 100-150. The coronavirus pandemic and increase in working from home were seen as a major cause of this increase, since individuals working at home do not enjoy the same level of inherent protection/deterrent measures from a working environment.
Increasing Cyber Threats to be an Important Factor for the Growth the Market
Rapid technological advancement has given rise to various forms of cybersecurity threats and exploits such as data breaches, phishing, zero-day threats, and inside attacks. Consequently, there has been a rise in security concerns among organizations to secure their data with the help of continuous updates of possible threats. Threat intelligence security solutions are responsible to flag upcoming threats and maintain a secure environment. Furthermore, rapid adoption of bring your own device (BYOD) model and integration of big data analytics with threat intelligence security solutions are providing ample investment opportunities in the global threat intelligence security solutions market.
To know more about global application security market drivers, get in touch with our analysts here.
Lack of Professionals for Advanced Threat Intelligence Security Solutions to be a Restraining Factor for the Market
Rise in cyber threats and vulnerabilities is increasing the advanced threat intelligence security solutions. The outmoded network security solutions are not efficient enough in securing the organizations from cyberattacks. Lack of professional and experts in threat intelligence security solutions are considered as a key restraining factor. Moreover, the high cost of implementing and updating internet security solutions might also restrict the markets growth.
R&D Investments by Organizations and Government Support to Generate Major Opportunities in the market
Private organizations as well as government firms are investing in research and development (R&D) for introducing advanced threat intelligence security solutions. The Critical Infrastructure Security and Resilience (CISR) aids to deploy advanced infrastructure solutions at local, regional, and national levels. The CISR research and development plan includes strengthening the threat intelligence security solutions of private entities, government firms, operators of private organizations, and international partners of private firms. R&D investments are crucial in the progress of a country’s infrastructure against cyber threats and exploits. These research and development investments by governments and enterprises for the protection of critical infrastructure are increasing opportunities in the global threat intelligence security solutions market.
To know more about global threat intelligence security solutions market opportunities, get in touch with our analysts here.
Threat Intelligence Security Solutions Market, by Application
On the basis of application, threat intelligence security solutions are segmented into security information & event management (SIEM), log management, identity & access management (IAM), security & vulnerability management (SVM), risk management and incident forensic. Among these, the identity & access management sub-segment is anticipated to hold the maximum share of the global market revenue.
Source: Research Dive Analysis
Identity & access management is expected to hold a significant share in the forecast period. The identity & access management (IAM) segment was the highest contributor to the market with $2,003.1 million in 2019 and is estimated to grow at a CAGR of 7.2% during the forecast period. The increasing adoption of connected devices, Bring Your Own Device (BYOD), Internet of Things (IoT) and audit management combined with cost control are the prime components boosting the identity and access management growth.
Threat Intelligence Security Solutions Market, by Service Type
On the basis of service type, threat intelligence security solutions are bifurcated into managed and professional services. Managed services sub-segment is estimated to be the highest contributor in the threat intelligence security solutions market.
Source: Research Dive Analysis
The managed services sub-segment was the highest contributor to the market, with $5,600.2 million in 2019, and is estimated to grow at a CAGR of 7.1% during the forecast period. Factors like increasing cyberattacks, high cost of data loss, network downtime, lack of IT skilled professionals, and cost reduction and lower IT budgets to force enterprises to leverage managed services are the main reasons encouraging the growth of this sub-segment.
Threat Intelligence Security Solutions Market, by Deployment Type
On the basis of deployment type, threat intelligence security solutions market is divided into cloud and on-premise model. On-premise sub-segment is estimated to be the fastest growing type.
Source: Research Dive Analysis
The on-premise sub-segment was the highest contributor to the market, with $5,295.6 million in 2019, and is estimated to reach a CAGR of 5.9% during the forecast period. Increase in adoption of enterprise application software due to rise in need to enhance business productivity and rise in adoption of enterprise application software by enterprises is expected to boost the on-premises sub-segment growth. Data privacy and security offered by on-premise enterprise application software are expected to provide opportunity for the sub-segment.
Threat Intelligence Security Solutions Market, by Organization Type
On the basis of organization type, threat intelligence security solutions market is segmented into small and medium organization (SME) and large organization. Large organization sub-segment is estimated to be the fastest growing type.
Source: Research Dive Analysis
The large enterprises sub-segment was the highest contributor to the market, with $5,592.5 million in 2019, and is estimated to reach a CAGR of 6.3% during the forecast period. Due to the large-scale business economy, large companies are able to reduce the cost of business, while also maximizing their profit margins. This major advantage of large business economy is creating opportunities and paving the growth of the large enterprises.
Threat Intelligence Security Solutions Market, by Vertical Type
On the basis of vertical type, threat intelligence security solutions market is divided into BFSI, healthcare, retail, Government & defense, IT & telecom, Manufacturing and others. Government & defense sub-segment is estimated to be the fastest growing in the forecast period.
Source: Research Dive Analysis
The government & defense sub-segment is the highest contributor to the market, with $2,505.1 million in 2019, and is estimated to increase at a CAGR of 7.3% during the forecast period. Governments are increasingly adopting an anticipatory stance toward addressing public policy, identifying problems in advance and taking appropriate pre-emptive measures. The rise of data analytics, coupled with AI-enabled technologies, has made it possible for the public sector to anticipate problems, rather than dealing with problems after they arise.
Threat Intelligence Security Solutions Market, Regional Insights:
The application security market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Market for Threat Intelligence Security Solutions in Asia-Pacific to be the Most Dominant
The market in Asia-Pacific (APAC) region was valued at $2629.86 million in 2019 and is expected to experience the highest CAGR of 8.4% during the forecast period majorly due to the investment in threat intelligence projects by developing countries like India, Australia, South Korea and other APAC countries. The rise in cyberattacks and vulnerability of data is adversely impacting revenue of these developing countries. In order to overcome this, the government firms and enterprises in APAC have started investing more in threat intelligence solutions.
The Market for Threat Intelligence Security Solutions in Europe to be the Fastest Growing
Moreover, the market in Europe was valued at $3046.74 million in the year 2019 and is also expected to be the highest contributor in the year 2027 with a revenue of $5609.69 million due to the emergence of stringent compliance regulations mandating the companies to incorporate advanced security solutions into their network infrastructure. For instance, as a key component of Shaping Europe's Digital Future, the Recovery Plan for Europe and the EU Security Union Strategy, the Strategy will bolster Europe's collective resilience against cyber threats and help to ensure that all citizens and businesses can fully benefit from trustworthy and reliable services and digital tools.
Competitive Scenario of Global Threat Intelligence Security Solution Market
Product launches and mergers & acquisitions are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the significant threat intelligence security solution market players are IBM corporation, Fortinet Inc., Dell Inc., Webroot Inc., McAfee LLC, Juniper Networks Inc., Symantec Corporation, Fortinet Inc., FireEye Inc., DXC technology. Threat intelligence security solutions companies opt for inorganic growth strategies to expand into local markets rather than increasing the companies own business activity. These market players are emphasizing more on merger & acquisition and advanced product development.
Porter’s Five Forces Analysis for Threat Intelligence Security Solutions Market:
- Bargaining Power of Suppliers: Threat intelligence security Solutions market contains huge concentration of distributors/suppliers and hence, the distributors/supplier control is expected to be moderate, resulting in moderate bargaining power of dealers. Hence, the bargaining power of the supplier is moderate.
- Bargaining Power of Buyers: Buyers will have low bargaining power, significantly because of low players operating in the threat intelligence security solutions market. Hence, the bargaining power of the buyer is low.
- Threat of New Entrants: In the modern world, new entrants may face multiple new barriers, like legal and government policies. Hence, the threat of the new entrants is moderate.
- Threat of Substitutes: There are fewer alternate products for threat intelligence security solutions. Thus, the threat of substitutes is low.
- Competitive Rivalry in the Market: Robust presence of key players such as IBM corporation, Fortinet Inc., Dell Inc. and DXC technology is creating massive rivalry in the local as well as international market. Also, high spending on research, business expansion, and strategic tie-ups are some of the main factors rising competitive rivalry among the companies. Competitive rivalry in the market is high.
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Aspect |
Particulars |
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Historical Market Estimations |
2019-2020 |
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Base Year for Market Estimation |
2019 |
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Forecast timeline for Market Projection |
2020-2027 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Application |
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Segmentation by Service |
|
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Segmentation by deployment model |
|
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Segmentation by organization type |
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Segmentation by Vertical |
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Key Regions Covered |
The U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Rest of Europe, China, Australia, Japan, India, South Korea, Rest of Asia-Pacific, Latin America, Middle East, and Africa |
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Key Companies Profiled |
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Q1. What is the size of the global threat intelligence security solutions market?
A. The global threat intelligence security solutions market was valued at $10,200.0 million in 2019, and is projected to reach $18,320.4 million by 2027, registering a CAGR of 7.8%
Q2. Which are the major companies in the threat intelligence security solutions market?
A. IBM corporation, Dell Inc. and McAfee LLC are some of the key players in the global threat intelligence security solutions market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What is the growth rate of the Asia-Pacific threat intelligence security solutions market?
A. The Asia-Pacific threat intelligence security solutions market was valued at $2,629.6 million in 2019, and is projected to reach $4,924.5 million by 2027, registering a CAGR of 8.4%.
Q5. What are the strategies opted by the leading players in this market?
A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Juniper Networks Inc., DXC technology and Fortinet Inc. are investing more on R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Service trends
2.3.Application Trends
2.4.Deployment Model Trends
2.5.Organization Type Trends
2.6.Vertical Trends
2.7.End Use Trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview
3.8.1.By Service
3.8.2.By Application
3.8.3.By Deployment Model
3.8.4.By Organization Type
3.8.5.By Vertical
3.8.6.By End Use
3.8.7.By region
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors
3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors
3.10.Strategic overview
4.Threat Intelligence Security Solutions Market , by Application
4.1.SIEM
4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019-2027
4.2.Risk Management
4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019-2027
4.3.Security and vulnerability management
4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019-2027
4.4.Others
4.4.1.Market size and forecast, by region, 2019-2027
4.4.2.Comparative market share analysis, 2019-2027
5.Threat Intelligence Security Solutions Market , by Service
5.1.Managed Services
5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019-2027
5.2.Professional Services
5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019-2027
6.Threat Intelligence Security Solutions Market , by Deployment Model
6.1.On-Premises Model
6.1.1.Market size and forecast, by region, 2019-2027
6.1.2.Comparative market share analysis, 2019-2027
6.2.Cloud Model
6.2.1.Market size and forecast, by region, 2019-2027
6.2.2.Comparative market share analysis, 2019-2027
7.Threat Intelligence Security Solutions Market , by Organization Type
7.1.Small And Medium Organization
7.1.1.Market size and forecast, by region, 2019-2027
7.1.2.Comparative market share analysis, 2019-2027
7.2.Large Organization
7.2.1.Market size and forecast, by region, 2019-2027
7.2.2.Comparative market share analysis, 2019-2027
8.Threat Intelligence Security Solutions Market , by Vertical
8.1.Government
8.1.1.Market size and forecast, by region, 2019-2027
8.1.2.Comparative market share analysis, 2019-2027
8.2.BFSI
8.2.1.Market size and forecast, by region, 2019-2027
8.2.2.Comparative market share analysis, 2019-2027
8.3.IT and Telecom
8.3.1.Market size and forecast, by region, 2019-2027
8.3.2.Comparative market share analysis, 2019-2027
8.4.Retail
8.4.1.Market size and forecast, by region, 2019-2027
8.4.2.Comparative market share analysis, 2019-2027
8.5.Healthcare
8.5.1.Market size and forecast, by region, 2019-2027
8.5.2.Comparative market share analysis, 2019-2027
8.6.Transportation
8.6.1.Market size and forecast, by region, 2019-2027
8.6.2.Comparative market share analysis, 2019-2027
8.7.Energy and utilities
8.7.1.Market size and forecast, by region, 2019-2027
8.7.2.Comparative market share analysis, 2019-2027
8.8.Manufacturing
8.8.1.Market size and forecast, by region, 2019-2027
8.8.2.Comparative market share analysis, 2019-2027
9.Threat Intelligence Security Solutions Market , by Region
9.1.North Region
9.1.1.Market size and forecast, by Application, 2019-2027
9.1.2.Market size and forecast, by Service , 2019-2027
9.1.3.Market size and forecast, by Deployment model, 2019-2027
9.1.4.Market size and forecast, by organization type, 2019-2027
9.1.5.Market size and forecast, by vertical, 2019-2027
9.1.6.Market size and forecast, by country, 2019-2027
9.1.7.Comparative market share analysis, 2019-2027
9.1.8.U.S
9.1.8.1.Market size and forecast, by Application, 2019-2027
9.1.8.2.Market size and forecast, by Service , 2019-2027
9.1.8.3.Market size and forecast, by Deployment model, 2019-2027
9.1.8.4.Market size and forecast, by organization type, 2019-2027
9.1.8.5.Market size and forecast, by vertical, 2019-2027
9.1.8.6.Market size and forecast, by country, 2019-2027
9.1.9.Canada
9.1.9.1.Market size and forecast, by Application, 2019-2027
9.1.9.2.Market size and forecast, by Service , 2019-2027
9.1.9.3.Market size and forecast, by Deployment model, 2019-2027
9.1.9.4.Market size and forecast, by organization type, 2019-2027
9.1.9.5.Market size and forecast, by vertical, 2019-2027
9.1.9.6.Market size and forecast, by country, 2019-2027
9.2.Europe
9.2.1.1.Market size and forecast, by Application, 2019-2027
9.2.1.2.Market size and forecast, by Service , 2019-2027
9.2.1.3.Market size and forecast, by Deployment model, 2019-2027
9.2.1.4.Market size and forecast, by organization type, 2019-2027
9.2.1.5.Market size and forecast, by vertical, 2019-2027
9.2.1.6.Market size and forecast, by country, 2019-2027
9.2.1.7.Comparative market share analysis, 2019-2027
9.2.2.UK
9.2.2.1.Market size and forecast, by Application, 2019-2027
9.2.2.2.Market size and forecast, by Service , 2019-2027
9.2.2.3.Market size and forecast, by Deployment model, 2019-2027
9.2.2.4.Market size and forecast, by organization type, 2019-2027
9.2.2.5.Market size and forecast, by vertical, 2019-2027
9.2.2.6.Market size and forecast, by country, 2019-2027
9.2.2.7.Comparative market share analysis, 2019-2027
9.2.3.Germany
9.2.3.1.Market size and forecast, by Application, 2019-2027
9.2.3.2.Market size and forecast, by Service , 2019-2027
9.2.3.3.Market size and forecast, by Deployment model, 2019-2027
9.2.3.4.Market size and forecast, by organization type, 2019-2027
9.2.3.5.Market size and forecast, by vertical, 2019-2027
9.2.3.6.Market size and forecast, by country, 2019-2027
9.2.3.7.Comparative market share analysis, 2019-2027
9.2.4.France
9.2.4.1.Market size and forecast, by Application, 2019-2027
9.2.4.2.Market size and forecast, by Service , 2019-2027
9.2.4.3.Market size and forecast, by Deployment model, 2019-2027
9.2.4.4.Market size and forecast, by organization type, 2019-2027
9.2.4.5.Market size and forecast, by vertical, 2019-2027
9.2.4.6.Market size and forecast, by country, 2019-2027
9.2.4.7.Comparative market share analysis, 2019-2027
9.2.5.Italy
9.2.5.1.Market size and forecast, by Application, 2019-2027
9.2.5.2.Market size and forecast, by Service , 2019-2027
9.2.5.3.Market size and forecast, by Deployment model, 2019-2027
9.2.5.4.Market size and forecast, by organization type, 2019-2027
9.2.5.5.Market size and forecast, by vertical, 2019-2027
9.2.5.6.Market size and forecast, by country, 2019-2027
9.2.5.7.Comparative market share analysis, 2019-2027
9.2.6.Rest of Europe
9.2.6.1.Market size and forecast, by Application, 2019-2027
9.2.6.2.Market size and forecast, by Service , 2019-2027
9.2.6.3.Market size and forecast, by Deployment model, 2019-2027
9.2.6.4.Market size and forecast, by organization type, 2019-2027
9.2.6.5.Market size and forecast, by vertical, 2019-2027
9.2.6.6.Market size and forecast, by country, 2019-2027
9.2.6.7.Comparative market share analysis, 2019-2027
9.3.Asia-Pacific
9.3.1.1.Market size and forecast, by Application, 2019-2027
9.3.1.2.Market size and forecast, by Service , 2019-2027
9.3.1.3.Market size and forecast, by Deployment model, 2019-2027
9.3.1.4.Market size and forecast, by organization type, 2019-2027
9.3.1.5.Market size and forecast, by vertical, 2019-2027
9.3.1.6.Market size and forecast, by country, 2019-2027
9.3.1.7.Comparative market share analysis, 2019-2027
9.3.1.8.Market size and forecast, by country, 2019-2027
9.3.2.China
9.3.2.1.Market size and forecast, by Application, 2019-2027
9.3.2.2.Market size and forecast, by Service , 2019-2027
9.3.2.3.Market size and forecast, by Deployment model, 2019-2027
9.3.2.4.Market size and forecast, by organization type, 2019-2027
9.3.2.5.Market size and forecast, by vertical, 2019-2027
9.3.2.6.Market size and forecast, by country, 2019-2027
9.3.2.7.Comparative market share analysis, 2019-2027
9.3.3.India
9.3.3.1.Market size and forecast, by Application, 2019-2027
9.3.3.2.Market size and forecast, by Service , 2019-2027
9.3.3.3.Market size and forecast, by Deployment model, 2019-2027
9.3.3.4.Market size and forecast, by organization type, 2019-2027
9.3.3.5.Market size and forecast, by vertical, 2019-2027
9.3.3.6.Market size and forecast, by country, 2019-2027
9.3.3.7.Comparative market share analysis, 2019-2027
9.3.4.Japan
9.3.4.1.Market size and forecast, by Application, 2019-2027
9.3.4.2.Market size and forecast, by Service , 2019-2027
9.3.4.3.Market size and forecast, by Deployment model, 2019-2027
9.3.4.4.Market size and forecast, by organization type, 2019-2027
9.3.4.5.Market size and forecast, by vertical, 2019-2027
9.3.4.6.Market size and forecast, by country, 2019-2027
9.3.4.7.Comparative market share analysis, 2019-2027
9.3.5.South Korea
9.3.5.1.Market size and forecast, by Application, 2019-2027
9.3.5.2.Market size and forecast, by Service , 2019-2027
9.3.5.3.Market size and forecast, by Deployment model, 2019-2027
9.3.5.4.Market size and forecast, by organization type, 2019-2027
9.3.5.5.Market size and forecast, by vertical, 2019-2027
9.3.5.6.Market size and forecast, by country, 2019-2027
9.3.5.7.Comparative market share analysis, 2019-2027
9.3.6.Australia
9.3.6.1.Market size and forecast, by Application, 2019-2027
9.3.6.2.Market size and forecast, by Service , 2019-2027
9.3.6.3.Market size and forecast, by Deployment model, 2019-2027
9.3.6.4.Market size and forecast, by organization type, 2019-2027
9.3.6.5.Market size and forecast, by vertical, 2019-2027
9.3.6.6.Market size and forecast, by country, 2019-2027
9.3.6.7.Comparative market share analysis, 2019-2027
9.3.7.Rest of Asia Pacific
9.3.7.1.Market size and forecast, by Application, 2019-2027
9.3.7.2.Market size and forecast, by Service , 2019-2027
9.3.7.3.Market size and forecast, by Deployment model, 2019-2027
9.3.7.4.Market size and forecast, by organization type, 2019-2027
9.3.7.5.Market size and forecast, by vertical, 2019-2027
9.3.7.6.Market size and forecast, by country, 2019-2027
9.3.7.7.Comparative market share analysis, 2019-2027
9.4.LAMEA
9.4.1.1.Market size and forecast, by Application, 2019-2027
9.4.1.2.Market size and forecast, by Service , 2019-2027
9.4.1.3.Market size and forecast, by Deployment model, 2019-2027
9.4.1.4.Market size and forecast, by organization type, 2019-2027
9.4.1.5.Market size and forecast, by vertical, 2019-2027
9.4.1.6.Market size and forecast, by country, 2019-2027
9.4.1.7.Comparative market share analysis, 2019-2027
9.4.2.Latin America
9.4.2.1.Market size and forecast, by Application, 2019-2027
9.4.2.2.Market size and forecast, by Service , 2019-2027
9.4.2.3.Market size and forecast, by Deployment model, 2019-2027
9.4.2.4.Market size and forecast, by organization type, 2019-2027
9.4.2.5.Market size and forecast, by vertical, 2019-2027
9.4.2.6.Market size and forecast, by country, 2019-2027
9.4.2.7.Comparative market share analysis, 2019-2027
9.4.3.Middle East
9.4.3.1.Market size and forecast, by Application, 2019-2027
9.4.3.2.Market size and forecast, by Service , 2019-2027
9.4.3.3.Market size and forecast, by Deployment model, 2019-2027
9.4.3.4.Market size and forecast, by organization type, 2019-2027
9.4.3.5.Market size and forecast, by vertical, 2019-2027
9.4.3.6.Market size and forecast, by country, 2019-2027
9.4.3.7.Comparative market share analysis, 2019-2027
9.4.4.Africa
9.4.4.1.Market size and forecast, by Application, 2019-2027
9.4.4.2.Market size and forecast, by Service , 2019-2027
9.4.4.3.Market size and forecast, by Deployment model, 2019-2027
9.4.4.4.Market size and forecast, by organization type, 2019-2027
9.4.4.5.Market size and forecast, by vertical, 2019-2027
9.4.4.6.Market size and forecast, by country, 2019-2027
9.4.4.7.Comparative market share analysis, 2019-2027
10.Company profiles
10.1.IBM corporation
10.1.1.Business overview
10.1.2.Financial performance
10.1.3.Product portfolio
10.1.4.Recent strategic moves & developments
10.1.5.SWOT analysis
10.2.Fortinet Inc..,
10.2.1.Business overview
10.2.2.Financial performance
10.2.3.Product portfolio
10.2.4.Recent strategic moves & developments
10.2.5.SWOT analysis
10.3.Dell Inc.
10.3.1.Business overview
10.3.2.Financial performance
10.3.3.Product portfolio
10.3.4.Recent strategic moves & developments
10.3.5.SWOT analysis
10.4.Webroot Inc.
10.4.1.Business overview
10.4.2.Financial performance
10.4.3.Product portfolio
10.4.4.Recent strategic moves & developments
10.4.5.SWOT analysis
10.5.McAfee LLC
10.5.1.Business overview
10.5.2.Financial performance
10.5.3.Product portfolio
10.5.4.Recent strategic moves & developments
10.5.5.SWOT analysis
10.6.Juniper Networks Inc.
10.6.1.Business overview
10.6.2.Financial performance
10.6.3.Product portfolio
10.6.4.Recent strategic moves & developments
10.6.5.SWOT analysis
10.7.Symantec Corporation
10.7.1.Business overview
10.7.2.Financial performance
10.7.3.Product portfolio
10.7.4.Recent strategic moves & developments
10.7.5.SWOT analysis
10.8.Fortinet Inc.
10.8.1.Business overview
10.8.2.Financial performance
10.8.3.Product portfolio
10.8.4.Recent strategic moves & developments
10.8.5.SWOT analysis
10.9.FireEye Inc.
10.9.1.Business overview
10.9.2.Financial performance
10.9.3.Product portfolio
10.9.4.Recent strategic moves & developments
10.9.5.SWOT analysis
10.10.DXC technology
10.10.1.Business overview
10.10.2.Financial performance
10.10.3.Product portfolio
10.10.4.Recent strategic moves & developments
10.10.5.SWOT analysis
Threat intelligence is used by organizations to understand various threats and risks that might target the welfare of the organization. The information acquired is utilized to prevent, prepare, and identify cyber threats. Moreover, threat intelligence security solutions (TISS) aid organizations in obtaining knowledge about lingering dangers and help to build robust defense mechanisms. Also, once the data is gathered by TISS, it is studied and filtered to yield management reports and threat intel feeds that consist of information utilized by automated security control solutions. TISS aims to keep stakeholders, leaders, and users up to date about the latest risks and repercussions in businesses.
Market Analysis of Threat Intelligence Security Solutions (TISS)
The global threat intelligence security solutions (TISS) market is anticipated to enhance rapidly in the coming years due to the rise in cyber-security dangers. There is a constant risk of a data breach of well-known businesses, government organizations, and gadgets owned by common people. Further, information is gained by hackers through phishing, inside attacks, and zero-day threats. For example, in March 2021, the Biden administration announced the launch of an emergency task force to tackle a cyber-attack that seemed to have affected thousands of Microsoft customers across the globe. This cyber-strike is expected to impact town governments, credit unions, and small businesses.
Furthermore, in March 2021, an article published on ET Telecom.com stated that India is currently brainstorming new strategies to augment the nation’s cyber-security situation. This took place amid allegations that Chinese encroachments might have impacted electricity supply and stock exchange in the nation’s commercial capitals. These examples indicate the necessity to implement TISS and maintain a secure environment. According to a recent report published by Research Dive, the global threat intelligence security solutions market is anticipated to surge at a CAGR of 7.8% during the 2020-2027 forecasted period. Apart from this, the Asia-Pacific region is estimated to be the investment hub for threat intelligence projects initiated by countries like Australia, India, South Korea, and other nations in the area.
Recent Developments in the Market
The leading players of the global threat intelligence security solutions (TISS) market are mulling over exclusive strategies such as mergers & acquisitions, new product introductions, making product portfolios, and financing in research & development projects. These strategies are helping the companies in gaining an edge in the global market in recent years.
For instance, in December 2020, Cyware, a prominent provider of cyber fusion solutions and threat intelligence, declared the launch of the CTIX Lite solution. This latest product offers automation capacities, enrichment, and premium threat intelligence feeds on a single platform. Cyware partnered with industry players such as Bambenek, Flashpoint, Comodo, and PolySwarm for this product launch.
In November 2020, Group-IB, a provider of cyber-security and services, introduced the ‘threat intelligence & attribution’ solution. This product is created to customize a cyber-threat map for companies and to correspond to individual cyber-security situations in real-time.
Moreover, in July 2017, Fortinet, a well-established leader in high-performance cyber-security solutions, revealed the FortiGuard threat intelligence service (TIS) that enables CISO (Chief Information Security Officer) to defend enterprises against threats. Furthermore, this product is a cloud-based threat intelligence service that offers activity trends and threat metrics, to grasp all recent happenings in the world.
Covid-19 Impact on the TISS Market
Work from home trends and growing usage of technology in our personal lives are estimated to severely affect the global threat intelligence security solutions (TISS) market during the Covid-19 pandemic. For instance, in March 2021, an article published on ET CIO.com stated that Avast, a cyber-security company, experienced a surge in demand for its cyber-security products in the second quarter of 2020 due to the work-from-home trend. Since cyber-security is a major concern for all companies; they are leveling up their digital transformation during the Covid-19 pandemic.
Some of the top players operating in the global threat intelligence security solutions industry include IBM corporation, Dell Inc., Fortinet Inc., Webroot Inc., Juniper Networks Inc., McAfee LLC, Symantec Corporation, FireEye Inc., Fortinet Inc., and DXC technology. Investments in research and development by key market players are constantly on the rise due to which the global threat intelligence security solutions (TISS) market is expected to flourish in the forthcoming years. However, the high cost of incorporating cyber-security protection means is likely to hinder the TISS market in the coming years. Furthermore, the need to provide safe and secure devices and encrypt data will encourage all organizations to opt for cyber-security solutions.
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