The rising number of sophisticated cyberattacks and the growing need to secure critical infrastructure are driving the growth of the market.
PORTLAND, PORTLAND, OR, UNITED STATES, February 5, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, The threat intelligence market was valued at $11.9 billion in 2022, and is estimated to reach $30.5 billion by 2032, growing at a CAGR of 9.9% from 2023 to 2032.
Threat intelligence encompasses information that is gathered, processed, and analyzed to comprehend the motives, targets, and attack patterns of threat actors. This knowledge enables a shift from a reactive to a proactive stance in combating threats, facilitating quicker, informed, and data-driven security decisions. Improved methodologies and procedures empower cybersecurity stakeholders, aiding security teams in making more discerning judgments to counter cyber threats effectively. Moreover, threat intelligence assists organizations, irrespective of size, in evaluating threat data, gaining a deeper understanding of adversaries, responding swiftly to crises, and anticipating the next moves of threat actors. These dynamics contribute to the escalating demand for threat intelligence, propelling market growth.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5876
The Threat Intelligence Market has seen significant growth over the years, driven by several key trends and growth factors. Threat intelligence enables security teams to adopt a proactive approach, empowering them to implement impactful and data-centric measures to prevent cyber-attacks before they occur. Additionally, it can assist organizations in improving their capabilities to identify and mitigate ongoing attacks. Security analysts generate threat intelligence by collecting raw threat data and security-related information from various sources. Subsequently, they analyze and correlate the data to uncover trends, patterns, and relationships that facilitate a comprehensive understanding of current or potential threats.
The threat intelligence market size has experienced notable expansion over time, propelled by various significant trends and factors promoting growth. One prominent trend is the emergence of cloud-based threat intelligence platforms, which have been developed to cater to the demand from large corporations seeking to safeguard their cloud infrastructure. Similarly, the increasing popularity of managed services for overseeing outsourced IT infrastructure represents another trend that contributes to the growth of the threat intelligence market. Furthermore, the growth factors driving the threat intelligence market include a rise in the number of sophisticated cyberattacks, an increasing need to secure critical infrastructure, and the widespread adoption and deployment of digital technologies. In conclusion, it is anticipated that the threat intelligence industry will continue to expand as a result of the increasing adoption of cloud-based threat intelligence services by enterprises.
Moreover, prominent market players are implementing diverse strategies to augment competition and provide improved services to their clientele. As an illustration, in November 2022, Amazon Web Services Inc. and Kyndryl formed a collaborative alliance aimed at enhancing the provision of threat intelligence. Within this partnership, both entities dedicatedly concentrated on the establishment of a data lake that would bolster security measures based on the Open Cybersecurity Schema Framework (OCSF). Consequently, this concerted effort facilitated the accelerated performance of the threat intelligence platform for both organizations.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5876
Similarly, companies engaged in the provision of solutions and services of threat intelligence have directed their efforts toward the advancement of their existing portfolio. A notable example is the announcement made by ThreatQuotient, a provider of security operation platforms, in October 2023, regarding updates made to their ThreatQ and ThreatQ TDR Orchestrator platforms. This particular announcement involved the integration of generative artificial intelligence, ACE workflows, and a marketplace to augment their operational capabilities. As a result, ThreatQuotient succeeded in effectively meeting the demand from enterprises for threat intelligence solutions that are driven by data. Consequently, the adoption of these strategies by market players has led to an increase in market competition and has catalyzed the growth of the threat intelligence market.
Based on components, the solutions segment is the highest-growing segment. Factors including rise in cyber-attacks, digital transformation across industries, and data proliferation are fueling the demand for threat intelligence solutions. Threat intelligence solutions enhance cybersecurity measures by enabling timely observations, automating threat recognition, and facilitating proactive responses to threats.
Based on applications, the segment of security information and event management is projected to experience substantial growth during the anticipated period. The escalating complexity and frequency of cyber risks are resulting in a swift surge in the demand for solutions pertaining to Security Information and Event Management (SIEM) threat intelligence. The capacity to identify security incidents in SIEM systems hinges upon the analysis of data in real-time, and the inclusion of threat intelligence bolsters their capabilities by furnishing contextual information concerning emerging threats. This amalgamation enables enterprises to more effectively identify, respond to, and alleviate cyberattacks, thus establishing threat intelligence as an indispensable constituent in the progressing realm of cybersecurity.
Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/threat-intelligence-market/purchase-options
By region, North America witnessed the highest growth in the year 2021. The presence of key market players such as Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Inc., IBM Corporation, Juniper Networks, and others has a significant impact on the growth of the threat intelligence industry in North America. Furthermore, the increase in government initiatives aimed at enhancing cybersecurity infrastructure across the region is expected to further drive the demand for threat intelligence solutions and services.
The increasing demand for managed services in the threat intelligence market is restructuring the environment by providing comprehensive outsourced cybersecurity solutions to organizations. Providers of managed services offer their expertise in detecting, analyzing, and responding to threats, allowing businesses to improve their security without depending on internal resources. This inclination facilitates the availability of advanced threat intelligence capabilities, which is particularly advantageous for smaller organizations, and encourages collaboration between service providers and clients to achieve more effective threat mitigation and protection.
The report analyzes the profiles of key players operating in the threat intelligence market forecast such Anomali, Inc., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike, Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., and Trend Micro Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the threat intelligence market.
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5876
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have special requirements, please tell us, and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Related Report:
1. Healthcare Cyber Security Market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
