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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