Overview and Scope
Cyber threat intelligence refers to the process of collecting, analysis, and dissemination of data on potential cyber threats and vulnerabilities. It enables enterprises to understand the tactics, methods, and procedures utilized by cyber adversaries, allowing them to proactively defend against cyberattacks.
Sizing and Forecast
The cyber threat intelligence market size has grown exponentially in recent years. It will grow from $9.51 billion in 2023 to $11.58 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to the rise of cyberattacks, increased malware incidents, increased cyber espionage activities, growth in connected devices, and the growth of internet users.
The cyber threat intelligence market size is expected to see exponential growth in the next few years. It will grow to $25.68 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%. The growth in the forecast period can be attributed to the projected increase in cyber threats, growing sophistication of cyber attacks, capabilities, expansion of digital ecosystems, rapid growth of cloud services, and increasing regulatory pressures. Major trends in the forecast period include the integration of artificial intelligence, automation, real-time threat intelligence, and cloud-based threat intelligence solutions.
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Segmentation & Regional Insights
The cyber threat intelligence market covered in this report is segmented –
1) By Product: Software Product, Hardware Product
2) By Deployment: Cloud, On-Premise
3) By Application: Bank, Government, Enterprise, Other Applications
North America was the largest region in the cyber threat intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyber threat intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in the number of sophisticated cyberattacks is expected to propel the growth of the cyber threat intelligence market going forward. Cyberattacks are hostile attempts to disable, damage, or gain unauthorized access to computer systems, networks, or digital devices. The rise in sophisticated cyberattacks can be attributed to advancing technology, increased connectivity, and the growing value of digital assets, prompting cybercriminals to develop more sophisticated methods to exploit vulnerabilities. Cyber threat intelligence (CTI) provides insights into the tactics, techniques, and procedures (TTPs) used by cyber adversaries, which is essential for defending against advanced threats. It also contributes to the increasing sophistication of cyberattacks, as threat actors leverage CTI to identify potential targets, understand their vulnerabilities, and tailor attacks for maximum impact and evasion of defenses. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, up from 13% from the previous year. Furthermore, in 2021, according to the Internet Crime Complaint Center, a US-based government organization, the United States witnessed 847,376 cybercrime complaints, marking a 7% surge from 2020, with estimated losses surpassing $6.9 billion. Therefore, the rise in the number of sophisticated cyberattacks is driving the growth of the cyber threat intelligence market.
Key Industry Players
Major companies operating in the cyber threat intelligence market report are Dell Technologies Inc.; Siemens AG; International Business Machines Corporation; Cisco Systems Inc.; Broadcom Inc.; Honeywell International Inc.; Palo Alto Networks Inc.; Parsons Corporation; Optiv Security Inc.; Check Point Software Technologies Ltd.; Trend Micro Incorporated; CrowdStrike Holdings Inc.; FireEye Inc.; Kaspersky; Rapid7 Inc.; F-Secure Corporation; Webroot Inc.; Recorded Future Inc.; Sophos Group plc; Wurldtech Security Technologies; Lookingglass Cyber Solutions Inc.
The cyber threat intelligence market report table of contents includes:
- Executive Summary
- Cyber Threat Intelligence Market Characteristics
- Cyber Threat Intelligence Market Trends And Strategies
- Cyber Threat Intelligence Market – Macro Economic Scenario
- Global Cyber Threat Intelligence Market Size and Growth
- Cyber Threat Intelligence Market Segmentation
- Cyber Threat Intelligence Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Cyber Threat Intelligence Market
- Cyber Threat Intelligence Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cyber Threat Intelligence Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cyber Threat Intelligence Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cyber Threat Intelligence Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Dell Technologies Inc. Financial Performance
Table 75: Siemens AG Financial Performance
Table 76: International Business Machines Corporation Financial Performance
Table 77: Cisco Systems Inc. Financial Performance
Table 78: Broadcom Inc. Financial Performance
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