Threat intelligence platforms are critical security tools as the volume and complexity of threats is increasing exponentially. The platform detects malicious activity inside the enterprises’ network. The platforms are deployed as a SaaS or on-premise solution to facilitate the management of cyber threat intelligence and associated entities such as actors, campaigns, incidents, signatures, bulletins, and tactics, techniques, and procedures (TTP). The platform is capable of aggregation of intelligence from multiple sources, which can be integrated with existing security systems. The platform analyzes the data and shares insights related to threat intelligence.
According to the latest report by Market Research Future (MRFR), the global threat intelligence platform market is slated to register a CAGR of 21.4% during the assessment period to reach USD 6.6 billion by 2024.
The geographic analysis of the global market for threat intelligence platform has been conducted by MRFR for Europe, Asia-Pacific, North America, and the rest of the world.
North America is projected to account for the largest market share over the review period. The growing adoption of IoT and BYOD in this region has led to a rapid increase in the number of connected devices, which consequently increases the risk of cyber attacks and threats. The platform enables the analysts in the enterprises to carry out more in-depth investigations while disseminating intelligence at a faster pace. The large enterprises, as well as the SMEs across several industry verticals, have installed advanced cybersecurity measures such as threat intelligence platforms on a large scale. These major factors contribute to making North America the leading region in the global threat intelligence platform market over the review period. The US contributes to the majority of the market share in North America.
Asia-Pacific is estimated to be the fastest-growing market in the global threat intelligence platform market during the forecast period. The increasing number of targeted attacks, terrorist threats, and APTs is the primary factor which is likely to drive the market in Asia-Pacific. The platform is being massively adopted in developing countries with changing economic scenarios such has India and China, and it empowered enterprises n the region to distinguish threats in time and accelerates the process of exposure and response. Additionally, the growing adoption of cloud-based cybersecurity solutions is a significant factor responsible for the growth of the Asia-Pacific threat intelligence platform market over the forecast period.
The threat intelligence platform market vendors as per MRFR include Intel 471 (US), Symantec Corporation (US),IBM Corporation (US), Dell Inc. (US), Optiv Security Inc. (US), FireEye, Inc. (US),McAfee, LLC (US), Trend Micro Incorporated (Japan), Check Point Software Technologies Ltd. (Israel), Webroot Inc. (US), AT&T (US), PhishLabs (US), AO Kaspersky Lab (Russia), Flashpoint (US), and LogRhythm, Inc. (US), Digital Shadows Ltd (US), LookingGlass Cyber Solutions, Inc. (the US), Farsight Security (US), ThreatConnect, Inc. (the US), CrowdStrike (US), Proofpoint, Inc. (the US), SurfWatch Labs, Inc.(US), Group-IB (Russia), Blueliv (Spain), the DomainTools (US), and others.
The global threat intelligence platform market has been segmented based on component, organization size, deployment, and vertical.
By component, the global threat intelligence platform market has been divided into solutions and services. The services segment is expected to grow with a higher CAGR due to high demand for managed service providers.
Based on organization size, the market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. The SMEs segment is expected to register a higher CAGR during the forecast period.
Based on deployment, the global threat intelligence platform market has been divided into on-premise and cloud. The cloud segment is expected to exhibit the higher CAGR during the forecast period.
On the basis of vertical, the global threat intelligence platform market has been divided into banking, financial services, and insurance (BFSI), IT and telecommunication, government and defense, energy and utilities, healthcare, manufacturing, transportation, retail, education and others. BFSI is expected to be the largest segment in terms of market share; it is also projected to register the highest CAGR during the forecast period.
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