Threat Intelligence Market

2021 Analysis and Review: Threat Intelligence Market by Component – Solution and Services for 2021 – 2031

Threat Intelligence Market Snapshot

As per latest threat intelligence industry analysis by Future Market Insights (FMI), overall demand will total US$ 8.8 Bn in 2021. Registering impressive growth at 16.3% CAGR from 2021 to 2031, market valuation is expected to surpass US$ 39.7 Bn by 2031.

Future Market Insights (FMI) reports that global threat intelligence solutions generated revenue of US$ 4.2 Bn in 2020. In terms of value, the services are identified as fastest-growing components’ segment, estimated to register the highest CAGR of 18.6% over the next ten years.

Detailed Insights Offered in Threat Intelligence Industry Research:

  • Market Estimates and Forecasts 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Threat intelligence Industry and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 Threat Intelligence Demand Analysis Compared to 2021-2031 Market Outlook

Threat intelligence will continue exhibiting soaring growth through 2021 with worldwide revenue up by 14.3% year-over-year. A revised report by Future Market Insights (FMI) estimates that threat intelligence revenue will increase at a significant rate, reaching nearly US$ 39.7 Bn by 2031, at a CAGR of 16.3%.

With the integration of cloud and threat intelligence, businesses are capable of minimizing their attack surface by blocking cyber threats, and leverage the global threat community in order to detect unknown threats and eventually stop them before occurring. Threat intelligence solutions plays a crucial role to combat the rising cyber threats. Thus, the adoption of threat intelligence solutions has witnessed a massive rise over the last few years.

How are Exponential Rise and Sophistication of Cyber Attacks Accelerating Growth?

Cybercrimes have been on the rise for years now and they are not showing any signs of slowing down. With the ongoing pandemic, there has been a rise in remote working conditions and a consequent increase in the rate of cyber-attacks. Enterprises are adopting work from home models, which happens to be a growing concern for organizational security.

A few of the companies that have been victims of the huge cyber-attacks in 2021 include Channel Nine, Harris Federation, CAN Financial, Florida Water System, Microsoft Exchange, Bombardier, Acer, and Sierra Wireless among others. On average, a new organization becomes a victim of ransomware every 10 seconds across the globe.

With the advent of cloud computing, the space of cybersecurity and threat intelligence have extended the limits from single network to distributed network, in order to run businesses more efficiently. As threat intelligence help organizations by analyzing global cyber-attack and threat data by offering insights on attacks as and when they happen.

How is IoT Integration Improving Threat Intelligence Solution?

With the advent of the Internet of Things (IoT), nearly everything is connected to the internet. The security landscape is constantly evolving as emerging threats continue to target enterprise networks and IoT devices. IoT users and software designers aim to use a wide range of current and future technology solutions to tackle the cyber-attack risk associated with their IoT appliance. Developers of these solutions will need to take a lead role in making their devices and solutions as secure as possible in order to deliver a more secure and safe IoT environment.

Cyber offenders are focusing more on IoT devices instead of smartphone ecosystems and traditional computers, as a large number of companies are adopting IoT devices for efficient and faster productivity. However, security happens to be a major concern. Cyber offenders are constricting their focus on IoT, evolving from point-of-sale malware or ransomware in order to precisely targeting connected devices.

The market share of the threat intelligence solutions in terms of industries varies in key regions. The above figure shows the view of threat intelligence market share in the key regions including, North America, Europe, South Asia & Pacific, East Asia, Middle East & Africa, and Latin America. On the basis of industry, the BFSI industry segment holds the largest share of the threat intelligence due to the preferring the use of cloud security and efficient threat intelligence solutions and rising implementation of AI for cybersecurity in finance. In addition to this, nowadays, retail sector is expected to witness higher growth rate in the coming years, owing to protecting the retail industry with real-time threat intelligence.

Country-wise Insights

How Big is the Opportunity for Threat Intelligence Adoption in the U.S.?

The U.S. is predicted to remain one of the most lucrative markets during the forecast period. According to the report, the overall threat intelligence spending in the U.S. alone is likely to increase by 10.4% between 2021 and 2031, with a market value of US$ 2.7 Bn in 2021.

Due to the presence of a large number of U.S.-based users and significant players in the threat intelligence landscape, there is high adoption of threat intelligence solution in the country. U.S. based large enterprises have a different set of cybersecurity issues as compared to small and medium enterprises. SMEs lack numerous basic cyber infrastructures which are necessary for safe operations, whereas, large enterprise are equipped with critical infrastructures and require professional and managed security services. Such factors are responsible for witness significant growth over the coming years.

Why is Demand for Threat Intelligence increasing in Germany?   

Demand in Germany is expected to rise at nearly 11.1% CAGR over the forecast period (2021-2031). The threat intelligence market is witnessing high growth rates due to increasing adoption of threat intelligence security solutions, threat breaches and several numbers of sophisticated attacks. Governments in Europe are focused on building stronger defense systems to potential cyber-attacks to their critical infrastructure.

As per the report, Germany is recognized as a primary market, and is anticipated to continue exhibiting high demand for threat intelligence over the coming years.  

How is India Contributing towards Sales of Threat Intelligence?

The market in India is anticipated to be valued around US$ 2.9 Bn by 2031. By 2031, India will account for over 31.2% of share in South Asia and Pacific. With the rising cyber-attacks, there has been a rise in research and development investments by governments from different countries across the South Asia & Pacific.

Furthermore, Indian government is focused on creating a stringent framework in order to cope with the potential cyber- threats. With the growing amount of breaches evolving across the country, the necessity of creating a secure framework for all government organizations has never been more crucial. Along with investments in research and development, the governments are appointing chief information security officers in order to identify and document the security requirements that arise with each technical innovations.

Category-wise Insights

Which Component of Threat Intelligence Will Enjoy Higher Demand in Near Future?

Revenue from threat intelligence services surged 17.3% year-over-year in 2021. Demand for threat intelligence is expected to show sturdy growth, giving the solution segment year-over-year growth of 11.9% in 2021, according to Future Market Insights (FMI).

Based on component, demand for threat intelligence services is expected to balloon at 18.6% CAGR, accounting for a market share nearly 55% of the market in 2031. With the help of threat intelligence solutions and services, operational security teams are able to save time and increase effectiveness with the help of real-time insights from threat intelligence.

Threat intelligence solutions include threat intelligence platforms, security information and event management, log management, security and vulnerability management, identity and access management, risk and compliance management, incident forensics, user and entity behavior analytics. Such solution has positive impact on the market.

Why Does Cloud-Based Threat Intelligence Hold Lead?

Cloud-Based threat intelligence solutions are expected to contribute maximum revenue share of more than 62.0% to threat intelligence in 2021 and is expected to highest growth at 17.1% CAGR. The adoption of cloud-based security is anticipated to increase in the forecast period due to the increasing adoption of cloud storage platform. The cloud-based threat intelligence deployment stops the surplus traffic before it come into the network.

With the integration of cloud with threat intelligence, businesses are capable of minimizing their attack surface by blocking cyber threats, and influence the global threat community in order to detect unknown threats and eventually stop them before occurring. Threat intelligence solutions plays a crucial role to combat the rising cyber threats. Thus, the adoption of threat intelligence solutions has witnessed a massive rise over the last few years.

What’s the Market Share of BFSI Industry Segment in Threat Intelligence?

Among the industries, the market is segmented as BFSI, government and defense, IT and telecom, healthcare, retail, manufacturing, education, and others.

The BFSI industry is expected to register a noteworthy CAGR of close to 13.4% over the forecast period, and create an incremental opportunity of around US$ 3.3 Bn by 2031. Threat intelligence helps BFSI industries to enhance current capabilities, ensure fresh intelligence, and improve internal audience centricity. Owing to the rising network complexities and numerous changes in network infrastructure, the demand for threat intelligence platforms is increasing in retail sectors. The retail industry segment is anticipated to witness high growth opportunities in the near future, as it helps organizations in the detection of cybersecurity cases.

Competitive Landscape

According to the Future Market Insights (FMI)’s industry analysis, IBM Corporation, FireEye, Check Point Software Technologies, Huawei Technologies, Trend Micro, Dell Technologies, and AT&T Cybersecurity are identified as key providers of threat intelligence.

key providers of threat intelligence focuses on adding new innovative capabilities into their current cyber security solutions which helps them to enhance upgrade their threat intelligence portfolio.

  • In October 2020, IBM announced expansion of Cloud Pak for Security to include new data sources, integrations, and services that enables security operations teams to manage the full threat lifecycle from a single console. This provides access to six threat intelligence feeds, 25 pre-built connections to IBM and third-party data sources.

The key providers of threat intelligence also focuses on entering into partnerships with other tech players in the market to enhance and upgrade their cyber security solutions portfolio. This strategy not only helps company to enhance their current services but also enable them to expand their business at global level.

  • In January 2020, Check Point Software Technologies announced their strategic partnership with Stellar Cyber. This partnership helps company to deliver additional value to Check Point customers by adding XDR thinking and advanced detection capabilities.

Threat intelligence Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN, Australia & New Zealand, GCC Countries, Turkey, and South Africa

Key Market Segments Covered

Component,  Deployment Mode, Industry, and Region

Key Companies Profiled

  • IBM Corporation
  • FireEye
  • Check Point Software Technologies
  • Huawei Technologies
  • Trend Micro
  • Dell Technologies
  • AT&T Cybersecurity
  • Webroot Inc.
  • Optiv Security, Inc.
  • LogRhythm, Inc.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

FAQs Answered in Report

  • What much is the global market size of threat intelligence?

    The global threat intelligence market was valued at US$ 7.7 Bn in 2020, and is estimated to surge over the next ten years.   

  • Which region is expected to showcase significant growth in the threat intelligence industry?

    The market in South Asia & Pacific is projected to expand at the highest CAGR of 26.9% through 2031.

  • Which is the most attractive component of threat intelligence?

    Threat intelligence solution is the most attractive segment, with an estimated market share of 54.2%. However, demand for threat intelligence services segment is estimated to surge at a CAGR of 18.6%.

  • What is the market share of leading companies offering threat intelligence?

    Huawei Technologies, Dell Technologies, and FireEye, Inc., among others are some of the leading companies in this space. 60.0% of market share is currently covered by the top 15 players.

  • In which industry areas are threat intelligence highly integrated? 

    The BFSI industry segment is expected to dominate the market generating revenue of US$ 8.2 Bn by 2031.

  • What is the sales forecast for threat intelligence?

    The market size of threat intelligence is expected to be valued at US$ 39.7 Bn by 2031.

  • What was the last 5 year’s market CAGR for sales of threat intelligence?

    The market in the last 5 years (2016 – 2020) expanded at a CAGR of 13.3%.

  • What are the key trends impacting growth of threat intelligence?

    Exponential rise and sophistication of cyber-attacks, a growing popularity of IoT and increasing government initiatives are some major coming trends in the threat intelligence market.

  • Which are the top 5 countries driving demand for threat intelligence?

    Top 5 countries driving demand for Threat intelligence include the U.S., Germany, India, China, and France.

  • What is the North America market outlook for threat intelligence?

    North America is the most attractive market, with the U.S. expected to account for 81.5% share in 2021.

  • What are the key market statistics for China and India in threat intelligence?

    China and India were valued at US$ 548.6 Mn and US$ 219.9 Mn, respectively, in 2020, and are projected to surge at CAGRs of 16.4% and 26.4% through 2031.

Threat Intelligence Industry Survey by Category

By Component:

  • Solution
    • Threat Intelligence Platforms
    • Security Information and Event Management
    • Log Management
    • Security and Vulnerability Management
    • Identity and Access Management
    • Risk and Compliance Management
    • Incident Forensics
    • User and Entity Behavior Analytics
  • Services
    • Professional Service
      • Consulting Services
      • Training and Support
    •  Managed Service
      • Security Intelligence Feeds
      • Advanced Threat Management

By Deployment Mode:

  • Cloud-Based
  • On-Premises

By Industry:

  • BFSI
  • Government and Defense
  • IT and Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Education
  • Others 

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