Market Scope:
Market Research Future (MRFR) reveals in an
exhaustive analysis that 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 Co
mpanies 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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