Categories: Market Research

Threat Intelligence Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Threat Intelligence Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/threat-intelligence-global-market-report

According to The Business Research Company’s Threat Intelligence Global Market Report 2024, The threat intelligence market size has grown rapidly in recent years. It will grow from $10.86 billion in 2023 to $12.33 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to rising cyber threats, regulatory compliance, incident response enhancement, increasing complexity of cyber attacks, globalization of businesses.

The threat intelligence market size is expected to see rapid growth in the next few years. It will grow to $21.92 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to IoT security challenges, advanced persistent threats (APTs), collaborative threat intelligence sharing, zero trust security models, geopolitical tensions and cybersecurity. Major trends in the forecast period include cloud security concerns, AI and machine learning integration, automation and orchestration, open-source threat intelligence, focus on cloud security.

The increasing demand for better solutions for the protection of network infrastructure is contributing to the growth of the threat intelligence market. The companies operating in different industries are increasingly investing in advanced threat intelligence solutions to reduce the attack surface of a network (network protection). Network protection aids in preventing employees from using applications to access harmful domains and secure the key assets or properties within the network. For instance, in 2023, as per the STAT IT 2024 report by Spiceworks, a US-based information technology company, 66% of companies are gearing up to increase their IT budgets as 73% of companies expect their revenue to rise. Therefore, the increase in demand for protection of network infrastructure is expected to boost demand for threat intelligence market during forecast period.

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The threat intelligence market covered in this report is segmented –

1) By Solution : Threat Intelligence Platforms, Risk and Compliance Management, Security Information and Event Management (SIEM), Security and Vulnerability Management (SVM), Identity and Access Management (IAM), User and Entity Behavior Analytics, Incident Forensics

2) By Deployment: On-Premise, Cloud

3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises

4) By Vertical: Healthcare, Transportation, IT and Telecom, Manufacturing, Banking, Financial Services, and Insurance, Energy and Utilities, Government and Defense, Retail, Education

Major companies operating in the threat intelligence market are focusing on product innovation, such as cloud-native identity management platforms, to address identity and access management (IAM) challenges within enterprise workforces. A cloud-native identity management platform is intended to empower organizations with powerful IAM (identity and access management) capabilities to manage and secure their digital identities and cloud resources, while also ensuring compliance and prioritizing a seamless user experience. In October 2023, ManageEngine, a US-based technology company, launched Identity360 to cater to the workforce demands of organizations, providing a comprehensive solution for managing identities and access to cloud resources while maintaining strong security controls.

The threat intelligence market report table of contents includes: