The global Threat Intelligence Market size is projected to grow from USD 10.9 billion in 2020 to USD 16.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. The increasing venture capital funding and growing investments in threat intelligence to drive market growth.
Based on deployment mode, the cloud segment to grow at the highest CAGR during the forecast period
The cloud segment is expected to grow at a higher CAGR, as SMEs are rapidly adopting the cost-effective cloud deployment model. This model helps SMEs avoid the costs associated with hardware, software, storage, and technical staff. Cloud-based platforms offer a unified way in the form of SaaS-based security services to secure business applications. Additionally, they automate all processes in organizations that fall short of staff to monitor security operations. Cloud-based solutions are also beneficial for organizations with strict budgets for security investments. Thus, organizations adopt cost-effective threat intelligence solutions to protect volumes of data from evolving cyber attacks. The cloud deployment model is the most preferred deployment model to secure web and mobile applications, and is used by most SMEs as it is easy to maintain and upgrade.
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Information vertical to hold the largest market size during the forecast period
The information vertical includes IT solution and service providers, consulting companies, internet service providers, and communication companies. This vertical is constantly evolving in terms of the use of technologies, and is an early adopter of innovative technology solutions. It requires threat intelligence solutions at a large scale due to voluminous information produced daily. The increasing integration of Information and Communications Technology (ICT) with the daily activities of industries, families, governments, and consumers, along with the rising growth of cybersecurity, has led the information vertical to focus more on IT activities. Therefore, Information holds the largest market size during the forecast period.
Key and innovative vendors in the threat intelligence market include IBM (US), Cisco (US), Trend Micro (Japan), McAfee (US), FireEye (US), VMware (US), AT&T (US), Check Point (US), DXC Technology (US), Mimecast (London), Infosys (India), Verizon (US), Secureworks (US), Proofpoint (US), CrowdStrike (US), Anomali (US), Webroot (US), Infoblox (US), NSFocus (US), LogPoint (Denmark), Bitdefender (Romania), Imperva (US), Recorded Future (US), Sumo Logic (US).
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the threat intelligence market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2020 to innovate their offerings and broaden their customer base.
Cisco is one of the provider of threat intelligence solutions that develops and sells software, networking hardware, telecom equipment, and high technology services and products. The company’s technology solutions are Cisco Networking, Cisco Security, Cisco IoT, and Cisco Data Center. Cisco’s security solution portfolio includes data security, Wireless Access Network (WAN) security, endpoint security, Multi-Factor Authentication (MFA), and threat intelligence.The company has a global presence across the globe.
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IBM operates through the following segments: cognitive solutions, global business services, technology services and cloud platforms, systems, and global financing. IBM’s main activity is to find solutions for its clients using advanced technologies and it is one of the key vendor of threat intelligence solutions. Its clients comprise individual users, specialized businesses, and institutions, such as governments, IT companies, defense organizations, and educational institutes. IBM offers a diversified product portfolio, ranging from software to finances and storage to integrated systems. It also provides solutions to various verticals, including IT, healthcare and life sciences, government, telecom, automobile, manufacturing, Fast-Moving Consumer Goods (FMCG), chemicals and petroleum, electronics, energy and power, media and entertainment, mining, retail, BFSI, travel and transportation, and education.
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