Threat-Intelligence-Management Market Analysis by Enterprises (Small & Medium, and Large Enterprises); by Deployment (On-Premise, and Cloud); by Solutions (Identity, Risk, and Network Management); and by End-Users (BFSI, IT & Telecommunication, Healthcare, Banking, Retail, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031
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Product Code:
RP-ID-10154336 -
Published Date:
21 Oct 2022 -
Region:
Global
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Category:
ICT & Telecom -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Threat-Intelligence-Management Market Report Scope
Base Year |
2021 |
Forecast Year |
2022-2031 |
CAGR |
~6% |
Base Year Market Size (2021) |
~ USD 5.0 Billion |
Global Threat-Intelligence-Management Market Size, Forecast, and Trend Highlights Over 2022 - 2031
The global threat-intelligence-management market is estimated to garner notable revenue by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 5.0 Billion in the year 2021. The growth of the market can be attributed to the increasing email-phishing crimes across the globe. For instance, approximately 1 in 100 emails contributes to a phishing attack. Moreover, more than 80 percent of organizations reported phishing attacks in the year 2021.
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Threat intelligence gathers information related to the potential attacks from a range of sources against an organization. It can be majorly divided into four types on the basis of applicable information such as operational, technical, tactical, and strategic. Moreover, threat intelligence management refers to the collection, normalization, enrichment, and actioning of data about potential attackers and their intentions, capabilities, and motivations. With the digital transformation, the chances of cyber-attacks are increasing, and it is anticipated to drive the growth of the global threat-intelligence-management market. According to the World Bank, the digital economy contributes to nearly 15.5 percent of the world’s GDP.
Global Threat-Intelligence-Management Market: Growth Drivers and Challenges
Growth Drivers
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Increasing Investments in Research & Development – Increasing investment in research and development brings advancement in technology and better solutions worldwide. Hence, it is expected to rise the growth of the global threat-intelligence-management market. The research and development expenditure has been increased from 1.96 per cent of GDP in 2005 to 2.63 per cent of GDP in 2020 as per the World Bank
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Growth of IT and Telecommunication Industry– The growth of IT and telecommunication will increase the volume of data that should be protected from any type of cyberattacks. Hence, it is anticipated to surge the growth of the global-threat-intelligence management market. According to the India Brand Equity Foundation, information technology employed 4.5 employees in the financial year 2022 till February.
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Surging Cloud Threats– Organizations are shifting from traditional infrastructure to cloud-based infrastructure that will expose them to cloud threats. Therefore, it is projected to drive the growth of the global threat-intelligence-management market. More than 25 percent of the organizations faced security incidents in their public cloud infrastructure over the last 12 months.
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Rising Prevalence of Data Breaches– Globally, there has been a rising prevalence of data breaches that is expected to increase the growth of the global threat-intelligence-management market The average global cost of a breach has reached nearly to USD 4.35 million in 2022.
Challenges
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Lack of Sufficient Framework Related to Cybersecurity
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High Cost for the Threat Intelligence Management Solutions
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Inability of Security System to Manage Different Threat Types at Same Time
The global threat-intelligence-management market is segmented and analyzed for demand and supply by end-users into BFSI, IT & telecommunication, healthcare, banking, retail, and others. Out of these, the healthcare segment is anticipated to hold the largest share over the forecast period owing to the increasing average cost per breach. For instance, the average cost per breach in the healthcare industry is more than USD 10 million.
Global Threat-Intelligence-Management Market Regional Synopsis
Regionally, the global threat-intelligence-management market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of surging adoption of cyber security solutions, and the increasing high cost of data breaches to organizations. For instance, the average cost of data breaches in the United States has reached nearly USD 8.5 million in 2020.
Market Segmentation
Our in-depth analysis of the global threat-intelligence-management market includes the following segments:
By Enterprises |
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By Deployment |
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By Solutions |
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By End-Users |
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Key Companies Dominating the Global Threat-Intelligence-Management Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global threat-intelligence-management market that are included in our report are IBM Corporation, Dell Inc., Trend Micro Incorporated, Webroot Inc., Splunk Inc., ALIENVAULT, INC., F-Secure, LogRhythm, Inc., Check Point Software Technologies Ltd, FireEye, Juniper Networks, Inc., and others.
Global Threat-Intelligence-Management Market: Latest Developments
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February, 2022: IBM Corporation announced its investment in resources in order to help businesses to prepare and manage for the increasing cyberattacks to enterprises across the Asia-pacific region
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June, 2022: Trend Micro Incorporated announced the introduction of VicOne in order to provide security for the electric vehicles and connected cars.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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FREQUENTLY ASKED QUESTIONS
Increasing investments in the research and development, growth of IT & telecommunication industry, rising prevalence of data breaches, and increasing email-phishing crimes.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031.
Lack of sufficient framework related to cybersecurity, high cost for the threat intelligence management solutions and inability of security system to manage different threat types at same time.
The market in the North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are IBM Corporation, Dell Inc., Trend Micro Incorporated, Webroot Inc., Splunk Inc., ALIENVAULT, INC., F-Secure, LogRhythm, Inc., Check Point Software Technologies Ltd, FireEye, Juniper Networks, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by end-users, deployment, enterprises, and by region.
The healthcare segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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- BM Corporation
- Dell Inc.
- Trend Micro Incorporated
- Webroot Inc.
- Splunk Inc.
- ALIENVAULT INC.
- F-Secure
- LogRhythm, Inc.
- Check Point Software Technologies Ltd
- FireEye
- Juniper Networks Inc