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Threat intelligence provides information to gain evidence-based insights regarding existing as well as emerging threats to make profitable decisions. The threat intelligence solutions assist organizations in DDoS protection, data security, and regulatory compliance by providing pre-knowledge regarding several external threats, such as zero-day threats, advanced persistent threats, and exploits. The growing trend of bring your own device (BYOD) and choose your own device (CYOD) among organization are the critical impacting factors for adoption of threat intelligence solutions.
The growing organizational need to enhance their security framework is driving the growth of the threat intelligence market. Nowadays, organizations are increasingly exposed to various cybersecurity breaches owing to the rapid implementation of the internet of things (IoT), cloud platforms, and other networking technologies. Thus, to strengthen their detection, protection, and response capabilities against the rapidly evolving cybercrime landscape, organizations are adopting threat intelligence solutions. Additionally, the implementation of artificial intelligence (AI) and machine learning technologies in threat intelligence solutions to reduce risk and enhance performance are creating lucrative opportunities for the growth of the threat intelligence market. Furthermore, the rising number of data breaches and cybersecurity attacks are generating the demand for threat intelligence solutions.
Key Market Driver -
Growing adoption of threat intelligence solutions among organizations to enhance security
Key Market Restraint -
Lack of awareness regarding the threat intelligence solutions
However, lack of awareness regarding the threat intelligence benefits and high cost associated with the threat intelligence solutions are factors limiting the market growth of threat intelligence.
By component, the market is segmented into solutions and services. Based on application, the market is fragmented into information security management, log management, risk management, identity & access management, and others. On the basis of the deployment, the market can be divided into on-premise and cloud-based. Based on enterprise size, the market is fragmented into large enterprise and small & medium enterprises (SMEs). Based on industry verticals, the market is segmented into healthcare, BFSI, IT & telecom, retail and e-commerce, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global threat intelligence market report include Fortinet Inc., IBM Corporation, McAfee, LLC, Dell Inc., CrowdStrike, ANOMALI, Broadcom, Webroot Inc., Juniper Networks Inc. and Farsight Security.
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The global threat intelligence market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe dominated the global threat intelligence market in 2018, owing to the increasing availability of technically advanced threat intelligence solutions based on AI and machine learning. The growing inclination towards the adoption of threat intelligence solutions to meet the rising need for highly secure data is anticipated to fuel the demand for Threat intelligence in Asia Pacific. Additionally, the increased application of threat intelligence solutions in SMEs and the growing adoption of crowd sourced threat intelligence solutions is driving the growth of the threat intelligence market in Asia Pacific. Latin America and the Middle East & Africa are projected to register a comparatively higher CAGR by the end of the forecast period.
By Enterprise Size
By Industry Verticals
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