The Global Threat Intelligence Market size is expected to reach $38.9 billion by 2031, rising at a market growth of 13.9% CAGR during the forecast period.
The rapid digital transformation and growing adoption of cloud services and IoT devices in the region have expanded the attack surface, making cybersecurity a critical concern. Countries like China, Japan, India, and South Korea are witnessing increased cyber threats, leading to a rising demand for advanced intelligence solutions. Moreover, government initiatives to enhance cybersecurity frameworks and the implementation of data protection regulations are driving market growth. Consequently, the Asia Pacific region would acquire nearly, 30% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in June, 2024, Trend Micro announced a partnership with Nvidia, an American software company, to provide cybersecurity tools safeguarding private AI clouds, emphasizing data privacy, real-time analysis, and swift threat response. Moreover, in April, 2024, LogRhythm teamed up with RedLegg, a leading provider of cybersecurity services, to enhance security capabilities. This partnership leverages LogRhythm's cloud-native SIEM platform, LogRhythm Axon, to deliver streamlined, effective security solutions.
The growing adoption of digital transformation fundamentally reshapes the business landscape, driving organizations to integrate cutting-edge technologies to enhance efficiency, innovation, and customer experience. Through the usage of cloud computing, businesses can now store enormous amounts of data and run programs over the Internet rather than on local servers. Thus, the growing adoption of digital transformation expands businesses' digital footprints and attack surfaces, making robust intelligence solutions indispensable.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
The Market is highly competitive, fueled by the increasing need for robust cybersecurity measures. Companies are rapidly advancing their technologies to detect and counteract sophisticated cyber threats. As cyber risks evolve, the demand for innovative intelligence solutions continues to drive intense competition in this dynamic market.
The rapid digital transformation and growing adoption of cloud services and IoT devices in the region have expanded the attack surface, making cybersecurity a critical concern. Countries like China, Japan, India, and South Korea are witnessing increased cyber threats, leading to a rising demand for advanced intelligence solutions. Moreover, government initiatives to enhance cybersecurity frameworks and the implementation of data protection regulations are driving market growth. Consequently, the Asia Pacific region would acquire nearly, 30% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in June, 2024, Trend Micro announced a partnership with Nvidia, an American software company, to provide cybersecurity tools safeguarding private AI clouds, emphasizing data privacy, real-time analysis, and swift threat response. Moreover, in April, 2024, LogRhythm teamed up with RedLegg, a leading provider of cybersecurity services, to enhance security capabilities. This partnership leverages LogRhythm's cloud-native SIEM platform, LogRhythm Axon, to deliver streamlined, effective security solutions.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal matrix; Broadcom, Inc. and Cisco Systems Inc. are the forerunner in the Market. In September, 2023, Symantec, a division of Broadcom Inc., teamed up with Google Cloud, a cloud platform offered by Google, to integrate generative AI into its security platform, enhancing capabilities to detect and respond to cyber threats. This collaboration enhances cybersecurity by simplifying threat analysis and product operations with intuitive features. Companies such as IBM Corporation, Dell Technologies, Inc. and Check Point Software Technologies Ltd. are some of the key innovators in Market.
Market Growth Factors
The complexity and frequency of cyber-attacks are increasing at an alarming rate, which presents a challenge for organizations to protect themselves from a variety of malicious activities. Recent years have witnessed a significant increase in the frequency of ransomware attacks, which have become one of the most feared cyber hazards for organizations in all sectors. Hence, the rising frequency and complexity of cyber-attacks, including malware, ransomware, phishing, and advanced persistent threats, have underscored the critical need for proactive intelligence.The growing adoption of digital transformation fundamentally reshapes the business landscape, driving organizations to integrate cutting-edge technologies to enhance efficiency, innovation, and customer experience. Through the usage of cloud computing, businesses can now store enormous amounts of data and run programs over the Internet rather than on local servers. Thus, the growing adoption of digital transformation expands businesses' digital footprints and attack surfaces, making robust intelligence solutions indispensable.
Market Restraining Factors
Threat intelligence solutions often require significant financial investments in specialized software and hardware for collecting, analyzing, and disseminating threat data. These financial challenges are particularly acute for small to medium-sized enterprises (SMEs). Unlike large corporations with substantial cybersecurity budgets, SMEs often operate with limited financial resources. Hence, these intelligence solutions' high costs and resource requirements are significant barriers to widespread adoption.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
Driving and Restraining Factors
Drivers- Increasing frequency and sophistication of cyber attacks
- Growing adoption of digital transformation
- Rising demand for managed security services
- High costs and resource requirements
- Substantial complexity and integration challenges
- Stringent regulatory compliance requirements
- Collaboration and information-sharing initiatives
- Data privacy and sharing concerns
- Absence of standardized protocols and frameworks
Organization Size Outlook
On the basis of organization size, the market is classified into large enterprises and small & medium enterprises. The small & medium enterprises segment recorded 29% revenue share in the market in 2023. The rise of affordable and scalable cybersecurity solutions tailored for SMEs has facilitated their adoption of intelligence measures.Deployment Type Outlook
By deployment type, the market is divided into cloud and on-premise. The on-premise segment garnered 40% revenue share in the market in 2023. On-premise solutions remain preferred for organizations that require complete control over their data and IT infrastructure.Type Outlook
Based on type, the market is bifurcated into solution and services. The services segment procured 36% revenue share in the market in 2023. This growth highlights the growing reliance on expert services to complement technological solutions. Organizations increasingly seek external expertise to enhance their intelligence capabilities, ensure compliance with regulatory requirements, and effectively manage complex security environments.
Vertical Outlook
Based on vertical, the market is segmented into BSFI, government, energy & utilities, healthcare, manufacturing, retail, telecom & IT, transportation & logistics, and others. The BSFI segment acquired 19% revenue share in the market in 2023. The financial sector is highly regulated and handles large volumes of sensitive and personal data, making it a prime target for cybercriminals.By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 35% revenue share in the market in 2023. Several factors drive this dominance, including the region's many cybersecurity vendors and advanced technological infrastructure.Market Competition and Attributes
The Market is highly competitive, fueled by the increasing need for robust cybersecurity measures. Companies are rapidly advancing their technologies to detect and counteract sophisticated cyber threats. As cyber risks evolve, the demand for innovative intelligence solutions continues to drive intense competition in this dynamic market.
Recent Strategies Deployed in the Market
- Jun-2024: Trend Micro announced a partnership with Nvidia, an American software company, to provide cybersecurity tools safeguarding private AI clouds, emphasizing data privacy, real-time analysis, and swift threat response.
- May-2024: Trellix unveiled Trellix Wise, powered by Generative Artificial Intelligence (GenAI) within its XDR Platform. This aims at threat detection and response by automating alerts, integrating diverse data sources, and providing incident management and policy enforcement capabilities to optimize security operations.
- May-2024: Trellix, a leading cybersecurity company, unveiled Trellix Collaboration Security, an advanced solution that safeguards email and file sharing within organizations. This solution leverages a single detection engine across applications that leads to better detection efficacy.
- May-2024: IBM Corporation partnered with Palo Alto Networks, a global cybersecurity firm, to enhance cybersecurity with AI. This leverages Cortex XSIAM and Watsonx to deliver advanced threat protection and automation.
- Apr-2024: Cisco Systems Inc. introduced Hypershield, its most substantial security innovation. This new software-based solution ensures the security of AI workloads spanning data centers and clouds, providing autonomous segmentation and upgrade functionalities, utilizing eBPF and AI to improve security and operational effectiveness.
List of Key Companies Profiled
- Check Point Software Technologies Ltd.
- Trellix
- Broadcom, Inc. (Symantec Corporation)
- Juniper Networks, Inc.
- LogRhythm, Inc.
- McAfee Corp
- Trend Micro, Inc.
- IBM Corporation
- Dell Technologies, Inc.
- ZeroFox Holdings, Inc.
- Cisco Systems Inc.
Market Report Segmentation
By Organization Size- Large Enterprises
- Small & Medium Enterprises
- Cloud
- On-Premise
- Solution
- Security Information & Event Management
- Risk Management
- Identity & Access Management
- Log Management
- Incident Forensics
- Others
- Services
- Professional Services
- Managed Services
- Telecom & IT
- BFSI
- Energy & Utilities
- Healthcare
- Manufacturing
- Transportation & Logistics
- Retail
- Government
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Threat Intelligence Market by Organization Size
Chapter 6. Global Threat Intelligence Market by Deployment Type
Chapter 7. Global Threat Intelligence Market by Type
Chapter 8. Global Threat Intelligence Market by Vertical
Chapter 9. Global Threat Intelligence Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Check Point Software Technologies Ltd.
- Trellix
- Broadcom, Inc. (Symantec Corporation)
- Juniper Networks, Inc.
- LogRhythm, Inc.
- McAfee Corp
- Trend Micro, Inc.
- IBM Corporation
- Dell Technologies, Inc.
- ZeroFox Holdings, Inc.
- Cisco Systems Inc.
Methodology
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