Threat Intelligence Platform Market Industry Share, Top Players Analysis, Size, Demand, Growth Strategy, Trends, Supply, Revenue and 2030 Forecast Research

In a recent published report, Kenneth Research has updated the market report for Threat Intelligence Platform Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Threat Intelligence Platform Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

The global threat intelligence platform market is expected to register a CAGR of 21.4% during the forecast period to reach USD 6.6 billion by 2024.Threat intelligence platforms are critical security tools as the volume and complexity of threats is increasing exponentially. The platform detects malicious activity inside the enterprises’ network. The platforms are deployed as a SaaS or on-premise solution to facilitate the management of cyber threat intelligence and associated entities such as actors, campaigns, incidents, signatures, bulletins, and tactics, techniques, and procedures (TTP). The platform is capable of aggregation of intelligence from multiple sources, which can be integrated with existing security systems. The platform analyzes the data and shares insights related to threat intelligence. The increasing level of interconnectivity due to the increasing adoption of  Internet of Things (IoT) technology and rising BYOD trends are responsible for a large number of connected devices.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Enterprises need to deploy next-generation cybersecurity solutions, such as threat intelligence platforms, which boost the growth of the market. The strict regulations for data protection is another factor which drives the global threat intelligence platform market. The rise in the number of targeted attacks and ubiquitous advanced persistent threats (APTs) also fuel market growth. The inability of SMEs to afford robust threat intelligence solutions due to their high costs is one of the factors limiting the growth of this market.

Segmentation

The global threat intelligence platform market has been segmented based on component, organization size, deployment, vertical, and region/country.

By component, the global threat intelligence platform market has been divided into solutions and services. The services segment has been categorized as professional services and managed services.

Based on organization size, the global threat intelligence platform market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

Based on deployment, the global threat intelligence platform market has been divided into on-premise and cloud.

On the basis of vertical, the global threat intelligence platform market has been divided into banking, financial services, and insurance (BFSI), IT and telecommunication, government and defense, energy and utilities, healthcare, manufacturing, transportation, retail, education, and others.

The global threat intelligence platform market has been analyzed for four regions—North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

According to MRFR, the key players in the global threat intelligence platform market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include IBM Corporation (US), Symantec Corporation (US), FireEye, Inc. (US), Dell Inc. (US), Optiv Security Inc. (US), McAfee, LLC (US), Check Point Software Technologies Ltd. (Israel), Trend Micro Incorporated (Japan), Webroot Inc. (US), PhishLabs (US), AT&T (US), AO Kaspersky Lab (Russia), Flashpoint (US), Intel 471 (US), and LogRhythm, Inc. (US).

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The other players in the threat intelligence platform market are Digital Shadows Ltd (US), LookingGlass Cyber Solutions, Inc. (US), ThreatConnect, Inc. (US),  CrowdStrike (US), Farsight Security (US), Proofpoint, Inc. (US), Group-IB (Russia), Blueliv (Spain), DomainTools (US), SurfWatch Labs, Inc.(US) and others.

Regional Analysis

The global threat intelligence platform market is projected to register a CAGR of 21.4% during the forecast period from 2019 to 2024. The geographic analysis of the global threat intelligence platform market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to account for the largest market size during the forecast period. Increased adoption of IoT and BYOD has lead to rapid rise in the number of connected devices, which in turn increases the risk of a cyber attack. The platform empowers the analysts in the enterprises to perform deeper investigations while disseminating intelligence faster. The large enterprises, as well as SMEs across verticals, have deployed advanced cybersecurity solutions such as threat intelligence platforms on a large scale. Such factors contribute in making North America the leading region in the global threat intelligence platform market. The US leads the market in North America owing to the early adoption of cybersecurity solutions and initiatives by key players in the form of partnerships with different technology players for product enhancement. Prevention of cybersecurity attacks and breaches act as a driving force for the growth of the market.

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Asia-Pacific is projected to be the fastest growing market in the global threat intelligence platform market during the forecast period. The rise in the number of targeted attacks and ubiquitous APTs is the major factor which drives the market in Asia-Pacific. The platform allows enterprises to recognize threats quickly, and accelerates the process of detection and response. Along with this, the growing adoption of cloud-based cyber security solutions is another factor which is responsible for the growth of the threat intelligence platform market in Asia-Pacific.

Competitive Analysis

The threat intelligence platform market has witnessed a high demand globally due to the rise in demand from various sectors such as BFSI, government, and IT and telecommunication. The platform vendors in the threat intelligence platform market are adopting various strategies to expand in the market and acquire more clients from several verticals. These vendors opt for partnerships, mergers, acquisitions, geographic expansion, and new product developments for the same. For instance, in July 2018, Symantec expanded its business in India by starting a Security Operations Center to support global threat hunting and incident response. Also, in June 2018, FireEye partnered with Gigamon to improve its solutions, which further assists the prevention  of APT.

Intended Audience

Cybersecurity vendors

Information security consultants

Security system integrators

Managed Security Service Providers (MSSPs)

Independent software vendors

Threat Intelligence Platform vendors

Cloud services providers

Distributors and Value-Added Resellers (VARs)

Investors and venture capitalists

Compliance officers

Regulators

Chief Financial Officers

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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