Cyber Threat Intelligence Market 2020
23
Jul

The Status of the Threat Intelligence Market in 2020


The global cyber threat intelligence market in 2020 has risen to a higher standard, and it is estimated that it will reach USD 12.8 billion in 2025. Furthermore, the cyber threat intelligence market is also expected to increase at a CAGR of over 14 percent from 2019 to 2025. The increased need for companies to improve their security infrastructure has fostered the market demand.

It is essential to know that as firms begin to embrace cloud platforms, the Internet of Things (IoT), and other network technologies, they become susceptible to security breaches. However, these breaches in security have caused lots of companies to halt their operations. With that in mind, lots of organizations now adopt cyber intelligence programs to boost their detection and response abilities against the cybercrime landscape.

The increase in the number of threats vulnerabilities has also driven the growth in the cyber threat intelligence market. Additionally, several advancements in technology also give rise to lots of cyber threats such as phishing, malware, and the likes. As a result, many organizations will be vulnerable to cyber threats; thus, raising lots of concerns to update the security framework.

Cyber Threat Intelligence Market by Component

The UTM (Unified Threat Management) component segment in 2020 has grown by more than 14 percent, and it is expected to grow to around 17 percent till 2025. Nowadays, many organizations make use of various trends, such as Choose Your Own Device (CYOS) and the likes. With the adoption of new trends like this, organizations need to prepare themselves for emerging security vulnerabilities in their networks.

Furthermore, the SIEM (Security Information and Event Management) segment also accounts for more than 30 percent from 2018 to 2020. It is essential to know that the increased need to drive the threat detection process influences the use of SIEM solutions.

Cyber Threat Intelligence Market by Region

When it comes to the cyber threat intelligence market, North America holds the largest share (more than 40 percent in 2020). The increased number of remote monitoring and tracking devices ensure that more companies adopt advanced cyber threat programs. Companies such as Symantec, Palo Alto, IBM, and more, will ensure that organizations are aware of cyber threats; these threat intelligence vendors will also help the growth of the threat intelligence market.

It is also crucial to note that the size of Europe’s cyber-threat intelligence market will increase to more than 13 percent CAGR from 2019 to 2025, and driven by the presence of stringent compliance regulations that instruct companies to adopt advance security solutions in their network infrastructure. Also, the increased adoption of different next-generation technologies such as the Internet of Things and cloud computing in different organizations adds to the market demand.

Cyber Threat Intelligence Market by Application

From 2018 to 2020, IT and telecommunication applications accounted for more than 20 percent of the global revenue in the cyber threat intelligence market. This is due to the increase in cyber-attacks on IT and telecommunication providers. However, IT and telecommunication providers are targets for cyber attackers because they store customer data and offer detailed integrated communications to different companies.

Because lots of businesses operate online today, the network infrastructure is a crucial component of the telecommunication sector; thus, it is inspiring IT and telecom players to invest in security intelligence programs.

Nevertheless, the BFSI (Banking, Financial Services, and Insurance) sector is expected to have a more than 16 percent increase till 2025. Technological advancements also impact the banking industry. Before the advent of the internet, it was difficult for banking establishment to secure customers’ information. Banking companies now look for various ways to improve customers ‘experience through technology, but it has also left them vulnerable to cyber-attacks. Right now, financial companies now invest in advanced cyber threat intelligence to strengthen their defenses against cyber threats and attacks.

Source: Markets and Markets

About CTIA Certification – Advanced Threat Intelligence Training Program

The EC-Council’s Certified Threat Intelligence Analyst (CTIA) is a specialist-level threat intelligence training program designed by cybersecurity experts to teach a structured approach on how to build an effective threat intelligence program staring from planning to creating Intelligence Reports and dissemination. The program imparts skills that help cyber intelligence analyst to understand the method and motive of attackers and create actional intelligence.

FAQs

What are the growth projections for Europe threat intelligence market?

The Europe cyber threat intelligence market is expected to grow to more than 13 percent CAGR from 2019 to 2025, driven through stringent compliance regulations instructing companies to adopt innovative security solutions in their network infrastructure.

How much will the BFSI applications gain in the threat intelligence industry?
The BFSI sector is expected to have more than a 16 percent increase until 2025 as a result of online banking, and advanced technology has paved the way for cybersecurity threats.
Which are the prominent companies operating in the threat intelligence landscape?
Some of the prominent companies operating in the threat intelligence landscape are Hold Security, IBM, IntSights, Oracle, Palo Alto, Digital Shadows, Symantec, Proofpoint, Cisco Systems, Recorded Future, and Kaspersky Lab.
Why will the internet-based solution segment gain traction in the market?
The internet-based solution segment will gain traction in the market due to the rise of cloud technology and the need for real-time security solutions.

Similar Reads: 

6 Reasons why cyber threat intelligence matters (and how CTIA helps)
4 Key capabilities of a cyber threat intelligence professional
The role of cyber threat intelligence in patching
Cyber threat intelligence: A career worth considering!
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All you need to know about cyber threat intelligence

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