ReportCrux Market Research has published a new report titled "Threat Intelligence Market by Component (Solution [Unified Threat Management, Incident Forensics , SIEM, IAM, and Log Management], and Services [Managed Service, Professional Services, Subscription Services, and Training & Support]); by Deployment (Cloud-Based and On-Premise); by Organization Size (Small Size Organization, Medium Size Organization and Large Size Organization); by Application (BFSI, Healthcare, Retail, IT & Telecom, Government & Defense, Manufacturing, and Others), and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.Threat Intelligence Market SizeThreat Intelligence Market is estimated to grow from USD 4,845.1 Million in 2019 to USD 16,820.4 Million by 2027, at a CAGR of 16.8% during 2020-2027Market OverviewIoT (Internet of Things) has become a next-generation technology revolution which is helping the business in reducing the cost and also in improving employee productivity.
However, these internet-connected devices have brought along with the many vulnerabilities, as many SMEs adopt basic security practices.The adoption of BYOD (Bring Your Own Device) trend has become very common among employees.
The demand for threat intelligence market is mainly driven various factors like simple management, increased efficiency and usability, and reduced cost to the companies.Besides, cloud video in the meeting room through a range of devices.
It is acting as a boon to various companies in different geographical locations which require frequent collaborations.However, the biggest challenge faced by many enterprises is lack of cyber-security skills that is hampering their ability to meet evolving IT security needs.
Many organizations are hiring security professionals who lack the skills to identify and analyze advanced threats in a cyber attack.As per a Report by Cybersecurity Job Trends, more than two-thirds of organizations feel the shortage of skilled cyber-security professionals in the industry.
Thus, lack of competent and skilled cyber-security professional has become a major restraint in the market growth for threat intelligence.Key Market PlayersMajor players in Threat Intelligence market are Symantec Corporation, IBM Corporation, Check Point Software Technologies Ltd., Dell Inc., McAfee LLC, Webroot, Inc., Fortinet, Inc., CrowdStrike, Inc., Farsight Security, Inc., and Anomali, Inc. among others.Segmentation AnalysisThe global market for the threat intelligence is segmented into component, deployment, organization size, applications, and region.By ComponentBased on the component, the global market for threat intelligence is segmented into solutions, and services.