Worldwide Threat Intelligence - Key Opportunities in the Market to 2023: Highly Regulated Verticals Continuing to Create Attractive Opportunities for Vendors
DUBLIN, Dec. 6, 2018 /PRNewswire/ --
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.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
The threat intelligence market is expected 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 rise in the number of targeted attacks and ubiquitous Advanced Persistent Threats (APTs) and stringent directives for data protection are the main drivers of the market.
The market is segmented by component, solution, service, deployment mode, organization size, industry vertical, and region. 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). The SIEM segment in the threat intelligence solution market is expected to have the largest market size, during the forecast period.
The market for services segment is growing as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about securing access to their networking devices. The managed services segment is expected to have the largest market share and dominate the threat intelligence market during the forecast period. The rise in large-scale networks and the increase in customer base from the SMEs community are the driving factors for managed services growth.
The threat intelligence market study aims at estimating the market size and future growth potential of the market across segments, such as components, solutions, services, deployment modes, organization sizes, verticals, and regions.
The cloud segment is estimated to constitute the largest market size during the forecast period
The cloud deployment mode is expected to grow at a higher CAGR, as SMEs are rapidly adopting cost-effective cloud deployment mode. This model helps SMEs avoid the costs associated with hardware, software, storage, and technical staff. The cloud-based platform offers a unified way in the form of SaaS-based security services to secure business applications. It is also beneficial for organizations with strict budgets for security investments.
The SMEs segment is expected to grow at the highest CAGR during the forecast period
The SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidence of cyber-attacks on these enterprises. 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. However, the large enterprises segment accounts for the largest share of the threat intelligence market in 2018.
Threat intelligence solutions and services have been deployed across various industry verticals, including government and defense; Banking, Financial Services, and Insurance (BFSI); IT and telecom; healthcare; retail; transportation; energy and utilities; manufacturing; education; and others. The BFSI vertical is expected to grow at the highest CAGR during the forecast period and estimated to have the largest market size in 2018.
North America is expected to account for the largest market size during the forecast period
The global threat intelligence market has been segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for threat intelligence solution and service vendors in 2018. Increasing IoT trend and growing internal and external threats are some of the key factors expected to fuel the growth of the market in North America.
The APAC threat intelligence market is gaining traction as the threat intelligence solutions provide proactive security measures against 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.
Competitive Analysis
Major vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions, to expand their offerings in the threat intelligence market.
Symantec is one of the leading operators of world's largest global threat intelligence network that helps secure its large customer base from APTs and vulnerabilities. It has a huge threat indicator database that helps in offering a faster and proactive protection to customers. The company is growing in the threat intelligence market by using various strategies, such as launching advanced products and services, entering partnerships, and expanding its services geographically.
Similarly, IBM, another leading threat intelligence solutions provider, has implemented various strategies to deliver cutting-edge threat intelligence to global organizations. Various organic and inorganic growth strategies are helping the threat intelligence vendors to stay ahead in the global market.
Market Developments
-- Symantec expanded its business in India by opening a Security Operations
Center to strengthen global threat hunting, incident response, and
security analyst footprint.
-- FireEye partnered with Gigamon to improve threat defenses across their
customers' security infrastructures.
-- 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
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Assumptions for the Study
2.3.1 Limitations of the Study
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
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.1.1 US Holds the Highest Market Share in the Threat Intelligence Market Owing to A Large Number of Vendors and Increased Instances of Cyber-Attacks in the Region
12.2.2 Canada
12.2.2.1 Adoption of Threat Intelligence Solutions and Services Expected to Increase in BFSI, IT and Telecom, and Manufacturing in Canada
12.3 Europe
12.3.1 United Kingdom
12.3.1.1 IT and Telecom and Financial Sector to Be Top Verticals Under Constant Threat From Attackers
12.3.2 Germany
12.3.2.1 Ransomware, Spyware, and Reconnaissance to Be Top Threat Vectors Leading to Increase in Adoption of Threat Intelligence Solutions and Services
12.3.3 France
12.3.3.1 BFSI, Government, and IT and Telecom to Continue to Be Subject to Hostile Reconnaissance Activities in Coming Years
12.3.4 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.1.1 Increased Instances of Attacks From Virus, Worms, Spyware, Trojan, and Ransomware on Enterprises and Government Organizations to Impact Threat Intelligence Market Growth
12.4.2 Japan
12.4.2.1 Manufacturing, Retail, and IT and Telecom Continue to Be Top Verticals Which are Under Constant Threat From Cyber-Criminals
12.4.3 India
12.4.3.1 Service Specific Attacks, Brute Forcing, and Network Manipulation Attacks on BFSI, IT and Telecom, and Government to Increase Adoption of Threat Intelligence Solutions and Services
12.4.4 Australia and New Zealand (Anz)
12.4.4.1 Proliferation of Cloud Services and Growing IoT Trend to Attract High Intensity Threat Vectors on Enterprise Devices and Network
12.4.5 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Middle East
12.5.1.1 Convergence of IT and Ot, Need to Protect Industrial Assets, and Growing Trend of IIoT to Impact High Growth in the Threat Intelligence Market
12.5.2 Africa
12.5.2.1 Need to Protect the Critical Infrastructure is Driving the Growth in the Threat Intelligence Market
12.6 Latin America
12.6.1 Brazil
12.6.1.1 Service Specific Attacks, Malware, Phishing, Ddos, and Reconnaissance to Be Major Threat Vectors Which has Forced Enterprises to Increase Adoption of Threat Intelligence Solutions
12.6.2 Mexico
12.6.2.1 Increasing Volume of Data and Increased Instances of Insider and Outsider Threats is Forcing Enterprises and Organization to Adopt Threat Intelligence Solutions
12.6.3 Rest of Latin America
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
14.1 Introduction
14.2 Symantec
14.3 IBM
14.4 Fireeye
14.5 Check Point
14.6 Trend Micro
14.7 Dell Technologies
14.8 Alienvault
14.9 Webroot
14.10 Digital Shadows
14.11 Optiv
14.12 Threatconnect
14.13 Crowdstrike
14.14 Mcafee
14.15 Logrhythm
14.16 Lookingglass Cyber Solutions
14.17 Farsight Security
14.18 Kaspersky Lab
14.19 Proofpoint
14.20 Group-Ib
14.21 Blueliv
14.22 Intel 471
14.23 Phishlabs
14.24 Domaintools
14.25 Flashpoint
14.26 Surfwatch Labs
For more information about this report visit https://www.researchandmarkets.com/research/xmjsth/worldwide_threat?w=5
Media Contact:
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
