Intelligent Threat Security Market Overview:
The Intelligent Threat Security market industry
is projected to grow from USD 13.1 Billion in 2023 to USD 22.9 Billion by 2032,
exhibiting a compound yearly growth rate (CAGR) of 7.20% during the forecast
period (2023 - 2032).
Market Drivers and Primary Barriers:
The intelligence aspect has gained significant imperative among
organizations to analyze the threats with the use of available data points.
This can lead to substantial business growth for intelligent threat security in
the following years. The expanding cybercrime landscape in developed as well as
developing countries has boosted the concern among organizations, driving the
demand for intelligent threat security solutions.
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Key Players:
Key Companies in the Intelligent Threat Security market include,
- RealCISCO
- SentinelOne
Inc.
- Anomali
Inc.
- Microsoft
- IBM
Corporation
- Dell
Inc.
- CrowdStrike
Inc.
Governments and a significant number of organizations are striving to
bridge the gap between the expenditure on cyber security systems and the best
way to mitigate the emerging threats. Given the usefulness and easy
applicability of intelligence, more and more organizations are now integrating
contextual data as well as information to detect the potential threats to the
business, while offering actionable way to deal with the same.
The number of cybercriminals all over the world is rising at an alarming
speed. These cybercriminals are rapidly gaining access into businesses, along
with the increasing sophistication of the cyber-attacks. Apart from this, the
attackers function as a legitimate organization, which is projected to grow at
a high pace in the coming years. This disconcerting fact has boosted the fear
of attack in industries like healthcare, government, BFSI, among others. These
factors are leading to a surge in the awareness and funds on threat
intelligence solutions in an attempt to combat any risks among organizations.
Market Segmentation:
Intelligent Threat Security industry has been extensively covered in the
MRFR report, taking into account the primary segments of solution, service,
deployment mode, organization size and vertical.
The solutions in the intelligent threat security market include security
and vulnerability management (SVM), incident forensics, and risk management,
log management, identity and access management (IAM), security information and
event management (SIEM) and others. Between these, the leading position has
been clinched by the SIEM segment as these solutions help track every record of
the IT environment in an organization.
The services available in the market for intelligent threat security are
advanced threat monitoring, managed service, professional service, security
intelligence feed, training and support as well as consulting service,.
With respect to the deployment segment, the market has been considered
for cloud along with on-premise. The cloud deployment can attain better growth
rate in the next few years, given their cost-effectiveness. There is also no
need of purchasing, maintaining and installing the hardware or software, which
makes it more appealing among end-users.
The organization sizes covered are large enterprises as well as SMEs.
The segments that are based on vertical are education, manufacturing, IT
& telecom, healthcare, retail, BFSI, energy & utilities,
transportation, government, and others. In the years to come, the BFSI vertical
is set to retain its lead in the market, revenue-wise. The growing incidences
of cyber-attacks and frauds, surge in stringent regulations, efforts to protect
from sophisticated threats and the urgent requirement for real-time detection
has resulted in the dominance of the segment.
Regional Insight:
The intelligent threat security market size is anticipated to expand in
the regions of Europe, Asia Pacific (APAC), North America, in addition to the
Rest-of-the-World (RoW). The intelligent threat security market growth in these
regions is projected to be at varying levels in the upcoming years.
North America can potentially emerge as the top market for intelligent
threat security on account of the increasing instances of cyber-attacks and
threats. Also, more and more leading vendors are coming up with innovative and
advanced threat intelligence technologies that can foster the market growth in
the region. The U.S. governments’ strong approach towards reporting the
increase in cybercrime helps the state and various other private organizations
to gather the information and reach decisions pertaining to preventive measures
as quickly as possible.
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The fastest gaining market is expected to be APAC, due to the heavy investments
in security systems by large enterprises as well as SMEs in Japan, India and
China. This is the case because of the increasing number of data thefts and
cyber-attacks. The rising number of cyber-crimes, escalating use of web and
mobile applications, and the increasing support from the government also lays a
strong foundation for the intelligent threat security market in the region.
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