Threat Intelligence Market Growing at a CAGR 19.7% | Key Player Symantec, IBM, FireEye, Check Point, Trend Micro

Threat Intelligence Market Growing at a CAGR 19.7% | Key Player Symantec, IBM, FireEye, Check Point, Trend Micro

Symantec (US), IBM (US), FireEye (US), Check Point (US), Trend Micro (Japan), Dell Technologies (US), McAfee (US), LogRhythm (US), LookingGlass Cyber Solutions (US), and Proofpoint (US)
Threat Intelligence Market by Solution (Threat Intelligence Platforms, SIEM, IAM, SVM, Risk and Compliance Management, Incident Forensics), Service (Managed, Professional), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2023

MarketsandMarkets forecasts the Threat Intelligence Market size which is expected to grow from USD 3.83 Billion in 2017 to USD 8.94 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 18.4%. Due to the threat landscape of insider attacks, there is a huge adoption of threat intelligence databases within organizations. The sophistication level in the cyberattacks is also increasing and creating demands for more comprehensive threat Intelligence services that would enable the protection of organizations infrastructure.

Threat intelligence is an information security discipline that seeks understanding of sophisticated cyber threats by collecting, enriching, and analyzing the information of advanced threats and employing the best actionable intelligence to counter the sophisticated advanced threats and their targeted attacks. It refers to the ability of organizations to understand and analyze the information on threat vectors collected from various sources and prevent advanced threats through a comprehensive threat intelligence strategy. 

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The Threat intelligence platform is expected to grow with highest CAGR during the forecast period 

The threat intelligence solution is projected to grow at the highest rate, due to its enhanced capabilities to provide reliable threat intelligence and actionable insights. It collects indicators of compromise from various threat feeds, visualizes relevant threat information, and correlates it with telemetric information. The platform receives alerts in real time and normalizes feed data by removing duplicates. It can be integrated with other security solutions to generate threat reports. The ability of the threat intelligence platform to integrate with the existing SIEM solutions encourages organizations to use the platform, which help them combine a large quantity of potentially valuable threat intelligence into a single, convenient location.

Threat intelligence solution providers offer consulting services, wherein security experts engage with organizations to create the collection, analysis, and dissemination of threat intelligence. This intelligence is related to relevant threat actors and potential threat scenarios to organizations. They enhance organizations’ security operations and help define organization-specific cyber threat landscape tailored to unique business environment. Additionally, these services help identify and prioritize active and the emerging threats to reduce exposure and adapt to defenses.

The cloud deployment mode is expected to maintain the leading position in terms of revenue market size and growth rate during the forecast period

The cloud-based deployment mode offers scalability, speed, 24/7 services, and improved IT security. The demand for SaaS-based security solutions is rapidly increasing, as they act as central delivery models and meet IT security needs. Owing to the increasing number of applications on cloud, there is a shift from the traditional on-premises threat intelligence solutions to the cloud-based threat intelligence solutions across large enterprises and SMEs.

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The threat Intelligence market witnessed a lot of partnerships, agreements, and collaborations by key players from 2015 to 2017. In March 2017, Check Point joined Google Cloud Technology Partner Program. Check Point introduced Check Point vSEC for Google Cloud Platform, which provides multi-layered security to protect workloads on cloud and enables secured connectivity between on-premises enterprise networks and Google Cloud Platform. In February 2016, IBM formed a partnership with Check Point Software Technologies, a leading provider of cybersecurity solutions. The partnership would share the threat intelligence platform, which would help organizations to fight against advanced threats, thereby providing faster incident responses. In July 2016, LogRhythm teamed up with Unisys Corporation to integrate LogRhythm’s next-generation security intelligence services with Unisys Stealth, to offer improved threat detection capabilities to the clients.

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