A recent report by QY Research, titled, “Global Threat Intelligence Solution Market Size, Status and Forecast 2025,” envisages this market to portray a fantastic performance owing to rising instances of global cyber security and other associated threats.
With an increasing number of crime cases worldwide, a dire need for implementing security measures is pervading most organizations all over the globe. This has provided a large scale impetus to improve awareness about threat intelligence, consequently driving the global threat intelligence market. Furthermore, numerous enterprises have been adopting proper measures to gauge cyber threats to their systems, thereby making the market pick up notable pace.
Fear of loss of valuable data, company secrets, military information, and other such details that might compromise the security of an organization, has also substantially propelled the global threat intelligence market to showcase extensive growth. Widespread advancements occurring in computing system networks has also pushed the market to expand rapidly. This is mainly due to the systems’ need for elaborate security measures, thus putting a mammoth onus on the study of threat intelligence.
However, lack of skilled workforce and budget constraints experienced by many organizations are primary restraints affecting the global threat intelligence market. Shortage of availability of the necessary systems and equipment in remote and underdeveloped regions is also responsible for the market to witness a considerable drag. Organizations might show unwillingness to adopt system monitoring and understanding threat intelligence-based processes owing to extensive risk concerns, consequently hindering the market’s growth substantially. Nevertheless, many service providers are introducing cost-effective solutions, which are surely expected to dilute the restraints affecting the global threat intelligence market up to a certain extent.
The global threat intelligence market portrays the presence of a highly competitive vendor landscape. This is mainly due to a fierce aim of most players to hold a leading position by generating extensive revenue through the sale of their products. The competition is expected intensify in the next few years with numerous new players entering the market on a regular basis. Achieving service and product differentiation, introducing innovative solutions, and facilitating extensive research and development are three key strategies implemented by most service providers working in the global threat intelligence market.
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Webroot, Inc., IBM Corporation, Check Point Software Technologies Ltd., Splunk, Inc., Trend Micro Incorporated, Symantec Corporation, FireEye, Inc., Dell Technologies, Inc., Juniper Networks, Inc., Optiv Security, Inc., F-Secure Corporation, Inc., LogRhythm, Inc., McAfee LLC, LookingGlass Cyber Solutions, Inc., AlienVault, Farsight Security, Inc. are prominent companies operating in the global threat intelligence market.
The global threat intelligence market is spread across North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Of these, the market holds a prominent position in North America owing to a strong cyber security setup existing in the region. However, the forthcoming years are expected to showcase Asia Pacific gain extensive revenue in this market thanks to mammoth investments made by key players in the region.