Intelligent Threat Security Market Size are measures taken for identifying threats and its risk levels. Companies can fortify their defenses on internal networks by creating a database of previously seen attacks and comparing it with signature attacks. Intel or information used in identifying and preventing threats is a part of security intelligent threat. The global intelligent threat security market size can catapult to USD 8 billion by 2023, according to the latest report by Market Research Future (MRFR). It can display 18.1% CAGR over the forecast period (2018-2023). MRFR is a premier research and consulting firm capable of identifying new trends and niches across industries and prepares reports on basis of primary and secondary findings.
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Market Scope:
The global Intelligent Threat Security Market Size is bound to expand owing to rising cases of sophisticated threats, government policies pertaining to data security, solutions among SMEs, and adoption of crowd-sourced platforms. Pre-identification of risks and accumulation of data for formulating strategies for protecting organizations against cyber attacks can bode well for the market. Digital transformation of equipment and integration of IoT in processes are likely to be opportune for threat identifiers during the forecast period. The failure of systems in subsea wells and mines can culminate in huge losses.
The COVID-19 pandemic has severely affected organizations of all sizes with demand for threat intelligence companies predicted to rise over the forecast period. Moreover, the dependency on the internet has led to spikes in COVID-19 themed phishing scams and cyberattacks providing an opportunity for cyber risk solution providers.
But the high costs of intelligent threat security can hamper market growth.
Segmentation:
By solution, the market is sub-segmented into identity and access management (IAM), security information and event management (SIEM), log management, incident forensics, security and vulnerability management (SVM), and risk management.
By service, the market is sub-segmented into professional service, managed service, consulting service, advanced threat monitoring, security intelligence feed, and training and support.
By deployment mode, the market is sub-segmented into cloud and on premises.
By organization size, the market is sub-segmented into SMEs and large enterprises.
By vertical, the market is sub-segmented into education, government, BFSI, IT & telecom, energy & utilities, healthcare, retail, transportation, manufacturing, and others. The IT & telecom vertical is expected to hold the largest market share over the forecast period owing to adopting solutions for averting cyber risks. Integration of information technology in daily activities can garner its need among customers.
Regional Analysis:
North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) are major regions covered for outlining the prospects of the global Intelligent Threat Security Market Size.
North America is pegged to dominate the global market over the forecast period owing to adoption of cybersecurity policies and threat intelligence services by enterprises and organizations. Investments by venture capital firms in security software as well as presence of online solutions by software agencies can drive the regional market demand.
However, APAC is expected to register the highest growth rate over the forecast period. This is attributed to growing number of cyberattacks on SMEs and vulnerability of data stored on hard drives of organizations. Huge demand for mobile and web applications can drive the demand for intelligent threat security in the region.
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Competitive Scope:
Trend Micro Incorporated, Check Point Software Technologies Ltd., Dell Technologies Inc., McAfee LLC, IBM Corporation, Symantec Corporation, Juniper Networks Inc., LookingGlass Cyber Solutions Inc., LogRhythm Inc., FireEye Inc., and Optiv Security Inc. are prominent players of the global Intelligent Threat Security Market Size.
Industry News:
Viasat, a U.S. broadband service provider, has gained approval from the Department of Homeland Security (DHS) for receiving cyber threat intelligence and take measures to defend customers from incoming threats.
AboutMarket Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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