The threat intelligence market is segmented based on component, deployment mode, organization size, application, industry vertical, and region. In terms of components, the market is divided into solutions and services. As per deployment mode, the market is bifurcated into on-premise and cloud. In terms of organization size, the market is classified into large size organizations and small and medium-size organizations. Based on application, the market is segmented into information security management, log management, risk management, identity & access management, and others. As per industry vertical, the market is categorized into BFSI, retail & e-commerce, IT & telecommunication, manufacturing, healthcare, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
Growth in adoption of threat intelligence solutions by SMEs, evolution of next generation security solutions in many organization & SMEs, and high implementation of threat intelligence solutions across various sectors are the major factors that drive the growth of the threat intelligence market. In addition, rise in incidences of security breaches and cybercrime in an organization fuel the growth of the threat intelligence market. However, lack of skilled security professionals and higher cost hamper the growth of the market. Furthermore, integration of artificial intelligence (AI) and machine learning in threat intelligence and growth in the adoption of cloud-based technology by SMEs in threat intelligence are anticipated to provide major opportunities for threat intelligence market growth.
Key industry players such as – IBM Corporation, Dell Inc., CrowdStrike Inc., Anomali Inc., Fortinet Inc., Symantec Corporation, McAfee LLC, Webroot Inc., Juniper Networks Inc., and Farsight Security Inc.
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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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