The Threat Intelligence Global Market Report 2023 by The Business Research Company, provides threat intelligence market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Threat Intelligence Global Market Report 2023, the global threat intelligence market size will grow from $9.81 billion in 2022 to $11.27 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the threat intelligence is expected to grow to $19.55 billion in 2027 at a CAGR of 14.8%.
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.
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The threat intelligence market 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 Organisation 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
Technological advancement is a key trend gaining popularity in the threat intelligence market. Technical advancement and new tools being developed in threat intelligence help give information that goes beyond an attacker’s resources and helps prevent cybersecurity attacks as well as be future-proof. For instance, in 2021, EclecticIQ, a leading global threat intelligence, hunting, and response technology supplier, launched the EclecticIQ Platform, which places “Intelligence at the coreTM” of cyber defense. The EclecticIQ Platform delivers detection and response (EDR), curated intelligence feeds, threat hunting, and collaboration capabilities, which is built on the company’s comprehensive threat intelligence solution.
The threat intelligence market report table of contents includes:
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Top Major Players
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