Threat Intelligence Market Size & Share, by Type (Strategic, Tactical, Operational); Deployment (Cloud, On-premise); Organization (SMEs, Large Enterprise); Application (Security Information & Event Management, Government Risk & Compliance, Business Continuity Planning & Management); End-user (BFSI, Government & Defense, Education, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5138
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Threat Intelligence Market size is set to reach USD 55 Billion by the end of 2035, growing at a steady CAGR of 16% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of threat intelligence was USD 11 Billion. Threat intelligence is primarily used to avoid the increasing number of cyber-attacks across every spectrum. Almost 2,200 cyberattacks happen every day across the world which is equivalent to 39 cyberattacks every 39 seconds.

Most organizations are focusing on integrating threat intelligence and other cybersecurity solutions owing to the rising cyber conflict between attackers and defenders. And thus, owing to the deployment of threat intelligence, enterprises are capacitated to make quicker and more enlightened security options and work against breaches. 


Threat Intelligence Market
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Threat Intelligence Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Expenditure on Cyber Security – Organizations are spending hefty amounts on cyber security solutions to identify unknown online threats and restrict them before it hampers the security system. By the end of 2023, the spending on cyber security solutions and services in the world is forecasted to reach around USD 220 billion, an increase from 12% in 2022.
  • Huge Amount of Data Being Generated Daily – The increase in the volume of data being generated daily has fostered the emergence of attacking techniques which leaves the data vulnerable. This leads to the requirement for efficient solutions such as threat intelligence. The total amount of data that was created and consumed worldwide is anticipated to increase from 65 zettabytes in 2020 to more than 180 zettabytes by 2025.
  • Penetration of Internet Services – Global digitization has led to the development of Internet services which increases the chance of cyber threats. Thus, secure control systems such as threat intelligence are being deployed in the industries. As of January 2023, there were almost 5 billion internet users worldwide.
  • Surging Cloud Threats and Data Breaches – The emergence of digital technologies has increased cloud threats and data breaches which subsequently require intelligence threat intelligence for the fight against data theft. About 80% of the companies present in the world have one cloud security incident in 2022.

Challenges

  • High Deployment Cost of Threat Intelligence Solutions – Deployment of threat intelligence solutions increases the infrastructure costs for a company-wide coverage. Also, the requirement of strong multi-factor authentication for smooth functioning makes threat intelligence services expensive.
  • Unavailability of Trained Security Analysts
  • Inability of Security System to Manage Different Threat Types at the Same Time

Threat Intelligence Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~16%

Base Year Market Size (2022)

~ USD 11 Billion

Forecast Year Market Size (2035)

~ USD 55 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Threat Intelligence Segmentation

Organization Size (SMEs, Large Enterprise)

The SMEs segment in the threat intelligence market is forecasted to have great opportunities for generating the largest. It is estimated to hold almost 62% revenue share by 2035. The large number of SMEs present in the world along with them being the target of new types of cyberattacks is estimated to favor increasing the usage of threat intelligence. Around 46% of the small businesses present in the world are the victim of cyberattacks every year.

End-User (BFSI, Government & Defense, Education, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail)

Threat intelligence market from the IT & Telecom segment is expected to garner a significant share of around 32% in the year 2035. The rapid boom of the IT & Telecom industry owing to the trend of digitalization is anticipated to higher the demand for threat intelligence to protect the confidential data of the sector. Also, advanced technologies such as IoT, 5G, and cloud services are being adopted in the IT sector which also brings the need for threat intelligence to identify potential threats to the company’s information.

Our in-depth analysis of the global market includes the following segments:

    Component

  • Solutions
  • Services

    Type

  • Strategic
  • Tactical
  • Operational

   Deployment

  • Cloud
  • On-premise

   Organization Size

  • SMEs
  • Large Enterprise

   Application

  • Security Information & Event Management
  • Government, Risk, & Compliance
  • Business Continuity Planning & Management

    End-User

  • BFSI
  • Government & Defense
  • Education
  • IT & Telecom
  • Manufacturing
  • Healthcare
  • Energy & Utilities
  • Retail

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Threat Intelligence Industry- Regional Synopsis

North American Market Forecast

The North America threat intelligence market is projected to generate a large amount of revenue and hold almost 35% by 2035. The presence of major giant software companies, as well as the rising investment to develop the IT infrastructure, is estimated to attract opportunities for the threat intelligence segment to grow during the projected timeline. Also, the tremendous effort to integrate the development of technologically advanced cybersecurity solutions and services is anticipated to create a positive outlook for market gain in the region.

APAC Market Analysis

The threat intelligence industry in the Asia Pacific is estimated to hold a significant share of about 24% by the end of the forecast timeframe. The increasing number of data centers along with favorable legislation and good data privacy and protection rules in emerging economies such as China, India, and other developing nations of the region are boosting the growth.

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Threat Intelligence Market Size
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Companies Dominating the Threat Intelligence Landscape

top-features-companies
    • IBM Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dell Inc.
    • Trend Micro Incorporated
    • Webroot Inc.
    • Splunk Inc.
    • ALIENVAULT, INC.
    • F-Secure
    • LogRhythm, Inc.
    • Check Point Software Technologies Ltd
    • FireEye
    • Juniper Networks, Inc.

In-the-news

In The News

  • IBM Corporation announced its investment in resources in order to help businesses to prepare and manage for the increasing cyberattacks on enterprises across the Asia-pacific region.
  • Trend Micro Incorporated announced the introduction of VicOne in order to provide security for electric vehicles and connected cars.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5138
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing investments in research and development, growth of the IT & telecommunication industry, rising prevalence of data breaches, and increasing email-phishing crimes.

The market size of threat intelligence is anticipated to attain a CAGR of ~16% over the forecast period, i.e., 2023 – 2035.

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 IT & telecom segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Threat Intelligence Market Report Scope
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