Threat Intelligence Management Market Overview
MRFR (Market Research
Future) expects the Threat Intelligence Management Market 2020 to capture
significant traction over the review period (from 2018 to 2023). We will
provide COVID-19 impact analysis with the report, along with all the extensive
key developments in the market post the coronavirus disease outbreak.
COVID-19 Impact on the Threat
Intelligence Management Market
Business continuity has
been the key focus for organizations post the COVID-19 outbreak, which is why
employees are being allowed to work from home. The mounting number of people
working from home since the worldwide lockdown has resulted in a substantial
demand for online video downloading, viewing and video conferencing, which has
led to a dramatic surge in data usage and network traffic.
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The SARS-CoV-2 pandemic has
given ways to cybercriminals to exploit the emerging vulnerabilities with
cyber-attacks, such as man-in-the-middle, botnet, Distributed Denial of Service
(DDoS) and social engineering. The primary targets have been the networks along
with the endpoints across the IoT infrastructure for identity and data thefts.
Therefore, the worsening scenario with rise in cyber threats and attacks
following the novel coronavirus has bolstered the demand for threat intelligent
management, and has thereby, boosted the growth for the same.
Top Impacting Factors and Barriers
Cybercriminals in recent
years have gained a lot of momentum, by gaining access into networks backed by
the increased sophistication of the cyber-attacks. Many of the attackers are
now even acting as a legitimate organization that could potentially become
bigger in the coming years, thus increasing the risk of attacks on industries
like healthcare, government, BFSI, and many more. The grave scenario is driving
security awareness among businesses, which are now willing to spend
considerably on threat intelligence solutions to mitigate or combat any risk to
the organization. A major trend expected to gain traction in the market is the
surging uptake of cloud deployment mode, which are not only cost-effective but
also offer SaaS-based security services for better security of business
applications. Cloud also helps organizations with lower budgets in terms of
security investments.
Governments play an
instrumental role in the global market, since they are focusing on addressing
the budgetary constraints in cybersecurity systems, while also looking for a
favorable outcome by gathering threat artifacts to bring down the risk of
threats. Governments are lending support to organizations by helping them
accumulate data and develop an effective preventive tactic in advance, which
curbs any chances of cyber-attacks in the future. Some of the geopolitical
nations like India, Russia, the US and China have banded together to form APT
units for security of sensitive data across businesses as well as governments,
an initiative that can work favorably for the threat intelligence management
market in the long term.
The rising BYOD trend among
employees, given the provision of satisfaction along with cost reduction, has
boosted the use of personal devices that have access to the organization’s data
and applications. With this trend, the corporate endpoints have increased in
number, while also giving a boost to concerns with regard to their security.
This situation is also bound to foster the product demand in the coming years.
A huge number of renowned firms adopt various competitive strategies to cater
to the expanding consumer base, be it launching new software, solutions and
technologies or entering into agreements and partnerships. For instance, in
October 2020, FireEye launched Mandiant Advantage, which is a SaaS threat
intelligence suite. The suite is a combination of o threat intelligence and the
data generated from the company’s cyber incident response engagements, which
will be delivered via an easy-to-operate management platform.
Market Segmentation
Solutions, services,
deployment mode, organization size and end-users are the top segments depending
on which the market has been extensively analyzed in the MRFR report.
The key solutions discussed
in the report are identity and access management solutions, network management
solutions, log management and firewall and threat intelligence and risk
management solutions.
The services available in
the global market are threat monitoring services and consultation, threat
intelligence feed services, and more.
The deployment modes
covered are Cloud deployment as well as on-premises.
With respect to
organization size, the market has been considered for small and medium as well
as large enterprises.
Some of the top market
end-users include research organizations, manufacturing, retail, education,
BFSI, transportation, telecommunication, healthcare, and more.
Regional Study
The regional study of the
global threat intelligence management market comprises Europe, North America
along with APAC or Asia Pacific and RoW or and Rest of the World.
North America is the top
contender in the global market, considering that the region is known for being
the earliest adopter of advanced technologies and is a hub for world renowned
companies that focus on innovations in threat intelligence management
solutions. The United States remains in the lead, since the country
accommodates big names like Symantec, McAfee and IBM that are developing
advanced threat intelligent management tools. AI and machine learning are some
of the top technologies prevalent in the region, with most of the organizations
relying on them for optimum efficiency. The rising integration of these
technologies with threat intelligence management in the region is helping turn
the tides against cybercriminals, thereby giving a major push to the market
growth.
APAC occupies a substantial
share in the global market, with strong backing from the soaring number of
small and medium as well as large enterprises across Japan, India and China.
The organizations are increasingly striving to boost their network defenses to
avoid cyber-attacks and more. The burgeoning data volume combined with the
heightened demand for web and mobile applications will also induce growth in
the threat intelligence market.
Key Market Competitors
Some of the key market
competitors are Trend Micro Incorporated (Japan), McAfee LLC (USA),
LookingGlass Cyber Solutions Inc. (USA), LogRhythm Inc. (USA), Symantec
Corporation (USA), Check Point Software Technologies Ltd. (USA), IBM
Corporation (USA), Dell Technologies Inc. (USA), Optiv Security Inc. (USA),
FireEye Inc. (USA), Juniper Networks Inc. (USA), and more.
A few more active players
in the global industry include AlienVault Inc. (USA), Splunk Inc. (USA),
Webroot Inc. (USA), F-Secure Corporation (Europe), Farsight Security Inc.
(USA), to name a few.
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