Market Highlights
Market Research Future (MRFR) uncovers in a comprehensive examination that the global Intelligent Threat Security Market Analysis 2020 can progress at a sound pace of 18.1% during the assessment time frame (2017 to 2023). The market size is set to contact USD 8.6 billion by 2023-end, adds MRFR.
Market Drivers and Primary Barriers
The knowledge perspective has acquired huge basic among associations to examine the threats with the utilization of accessible elements. This can prompt significant business development for intelligent threat security before long. The extending cybercrime scene in created just as emerging nations has helped the worry among associations, driving the interest for intelligent threat security arrangements.
Legislatures and countless associations are endeavoring to overcome any issues between the use on network safety frameworks and the most effective way to moderate the arising threats. Given the value and simple relevance of knowledge, an ever increasing number of associations are presently coordinating logical information just as data to identify the expected threats to the business, while offering noteworthy method for managing something very similar.
The quantity of cybercriminals all around the world is ascending at a disturbing rate. These cybercriminals are quickly obtaining entrance into organizations, alongside the expanding complexity of the digital assaults. Aside from this, the assailants work as a genuine association, which is projected to develop at a high speed before long. This perplexing reality has supported the feeling of dread toward assault in ventures like medical care, government, BFSI, among others. These elements are prompting a flood in the mindfulness and assets on threat insight arrangements trying to battle any dangers among associations.
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Segmentation:
Intelligent Threat Security Market Analysis has been extensively covered in the MRFR report, taking into account the primary segments of solution, service, deployment mode, organization size and vertical.
The solutions in the intelligent threat security market include security and vulnerability management (SVM), incident forensics, and risk management, log management, identity and access management (IAM), security information and event management (SIEM) and others. Between these, the leading position has been clinched by the SIEM segment as these solutions help track every record of the IT environment in an organization.
The services available in the market for intelligent threat security are advanced threat monitoring, managed service, professional service, security intelligence feed, training and support as well as consulting service,.
With respect to the deployment segment, the market has been considered for cloud along with on-premise. The cloud deployment can attain better growth rate in the next few years, given their cost-effectiveness. There is also no need of purchasing, maintaining and installing the hardware or software, which makes it more appealing among end-users.
The organization sizes covered are large enterprises as well as SMEs.
The segments that are based on vertical are education, manufacturing, IT & telecom, healthcare, retail, BFSI, energy & utilities, transportation, government, and others. In the years to come, the BFSI vertical is set to retain its lead in the market, revenue-wise. The growing incidences of cyber-attacks and frauds, surge in stringent regulations, efforts to protect from sophisticated threats and the urgent requirement for real-time detection has resulted in the dominance of the segment.
Regional Insight
The intelligent threat security market size is anticipated to expand in the regions of Europe, Asia Pacific (APAC), North America, in addition to the Rest-of-the-World (RoW). The intelligent threat security market growth in these regions is projected to be at varying levels in the upcoming years.
North America can potentially emerge as the top market for intelligent threat security on account of the increasing instances of cyber-attacks and threats. Also, more and more leading vendors are coming up with innovative and advanced threat intelligence technologies that can foster the market growth in the region. The U.S. governments’ strong approach towards reporting the increase in cybercrime helps the state and various other private organizations to gather the information and reach decisions pertaining to preventive measures as quickly as possible.
The fastest gaining market is expected to be APAC, due to the heavy investments in security systems by large enterprises as well as SMEs in Japan, India and China. This is the case because of the increasing number of data thefts and cyber-attacks. The rising number of cyber-crimes, escalating use of web and mobile applications, and the increasing support from the government also lays a strong foundation for the intelligent threat security market in the region.
Significant Competitors
Significant competitors that account for the surge in the intelligent threat security market share across the globe include IBM Corporation (U.S.), McAfee LLC (U.S.), F-Secure Corporation (Europe), Check Point Software Technologies Ltd. (U.S.), Farsight Security Inc. (U.S.), LookingGlass Cyber Solutions Inc.(U.S.), FireEye Inc. (U.S.), AlienVault Inc. (U.S.), Juniper Networks Inc. (U.S.), Webroot Inc. (U.S.), LogRhythm Inc. (U.S.), Splunk Inc. (U.S.), Optiv Security Inc. (U.S.), Symantec Corporation (U.S.), Trend Micro Incorporated (Japan), Dell Technologies Inc. (U.S.), to name a few.
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Intelligent Threat Security Market Analysis, by Solution (Log Management, Risk Management), Service (Consulting Service, Training & Support, Managed Service), Deployment Mode (on-Cloud, On-Premise), Organization Size (large enterprises) - Global Forecast till 2027
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Global Threat Intelligence Security Market was valued US$ 3.01Bn in 2017 and is expected to reach US$ 13.72Bn by 2026 at a CAGR of about 20.88% during a forecast.Global Threat Intelligence Security Market is segmented into by Development Type, by service type, By Enterprise type, By Vertical, and by region.
Based on Development Type, Threat Intelligence Security Market is classified into Software-as-a-Service On-premise.
In Service, type is divided into Managed services Professional services.
By Enterprise type section are into SMEs Large-scale Enterprises.
By vertical are break down into BFSI, IT Telecommunications, Government Defence, Transportation, Manufacturing, Healthcare, Retail, energy utilities Others Geographically into North America, Europe, Asia Pacific, Middle East Africa and Latin America.
Global Industry Analysis and forecast 2018-2026.Driving factors for the threat intelligence security market are rising government compliance on data security, increasing number of sophisticated threats, cloud adoption across several enterprises, rapid adoption of bring own device models and incorporation of big data analytics with threat intelligence, Evolution of next-generation threat intelligence solutions and rise in mobile computing, broadband, and networking technologies will boost more demand in threat intelligence security market.Lack of awareness about advanced security threats and lack of security talent can hamper the growth of Threat Intelligence Security Market.Get An Exclusive Sample Of the Research Report at: https://www.trendsmarketresearch.com/report/sample/10382In terms of Service, Managed services segment share the highest market during the forecast period.
Threat Intelligence Market, By Component (Solutions, Services), By Deployment (On-premises, Cloud), By Organization size (Small, Medium, Large), By End-users (Government, Healthcare) - Global Forecast 2027Market HighlightsThreat intelligence is data used in warning companies of all sizes and orders against cyber-crimes and online threats.
The menace to assets and disruptions to foil processes can be tackled with the help of preventive information that provide foresights.
The global threat intelligence market report by Market Research Future (MRFR) contains pertinent data on latest opportunities and hurdles coupled with growth engines which can power up the industry for the period of 2020 to 2027(forecast period).
The unpredictability of the COVID-19 virus and its impact on the industry are explored in the report.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4110Market ScopeThe global threat intelligence market size is expected to reach USD 11 billion by the end of 2027 at 19% CAGR during forecast period.
The rising cyber threats, adoption of crowd sourced intelligent stages, and adoption by organizations are prime factors driving market growth.
Funding by venture capital firms can provide the market the much needed impetus to expand in the right direction.
