Threat Intelligence Market Size | Threat Intelligence Industry Overview by 2028

The threat intelligence market size was USD 10.84 Billion in 2020 and is expected to reach USD 20.28 Billion in 2028 and register a CAGR of 8.1%. Threat intelligence industry report classifies global market by share, trend, and on the basis of mode of deployment, organization size, application, industry vertical, and region | Cyber Threat IntelligenceBacklinks Image For Post

The global threat intelligence market size is expected to reach USD 20.28 Billion in 2028 and register a CAGR of 8.1% during the forecast period. Rapid digitalization across industries is a significant factor driving growth of the global threat intelligence market currently. Increasing deployment of commercial information technologies in industrial applications results in these industries becoming more vulnerable to cyber threats. Rapid growth of the global threat intelligence market can be attributed to increasing cyber-attacks across various verticals, industries, and sectors globally. Threat intelligence solutions meet specific needs of industrial control systems and provide enhanced security and vulnerability management for converging operational technology and information technology applications.

Real-time threat intelligence finds use in maintaining visibility of the threat landscape to enable security infrastructure to respond to the latest cybersecurity threats. Threat intelligence helps in detection of malicious activity in an organization’s network and conducts analysis to provide insights regarding the objective behind a cyber-attack. Organizations across the globe are focusing on integration of threat intelligence with cybersecurity infrastructure to enhance their cybersecurity level. Live feeds and warnings by threat intelligence about ongoing security incidents, new technologies, and active threats allow security teams to take instant action to mitigate or prevent a potential threat.

Growing demand for integrating threat intelligence with security information and event management is another key factor fueling market growth. A security information and event management system correlates behavior analysis of users and entities to identify threats and provide alerts, which sometimes can lead to alert fatigue due to the generation of several alerts. The integration of threat intelligence with a security information and event management system is beneficial in improving the effectiveness and precision of cybersecurity measures. In addition, integration of threat intelligence with security information and event management helps in security orchestration automation and response to identify incidents and compare these with available threat intelligence data to initiate threat mitigation procedures.

On the basis of mode of deployment, the threat intelligence market has been segmented into on-premises and cloud-based. Cloud-based segment revenue is expected to register a faster growth rate as compared to other mode of deployment segments during the forecast period. Cloud-based deployment demand and adoption has been high among small and medium-sized enterprises, owing to its cost-effectiveness. Cloud-based deployment saves significant capital expenses by reducing expenditure on infrastructure, equipment, and software. In addition, cloud-based deployment provides enhanced scalability to enterprises.

On the basis of industry vertical, the threat intelligence market has been segmented into information technology, BFSI, healthcare, manufacturing, and retail. The retail industry is observing vast data volume being generated via various channels, including, blogs, social sites and platforms, and apps. Digital transformation of the retail industry is not restricted to the e-commerce channel as numerous connected devices are currently serving as point-of-sale systems in kiosks, and as handheld devices in physical stores, all of which are designed to gather and access customer information. Rapidly growing data volumes in the retail industry is driving demand for threat intelligence to prevent data breaches and ensure additional level of security.

Threat Intelligence Market Size | Threat Intelligence Industry Overview by 2028 https://www.emergenresearch.com/industry-report/threat-intelligence-market

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