Market Analysis
Market Research Future (MRFR) projects the global security intelligence market to expand at an exponential pace from 2020 to 2027 (forecast period).
Increasing Cyber-Attacks
As cybersecurity threats and attacks continue to increase and evolve, advanced security solutions led by security intelligence are becoming increasingly crucial. Security intelligence solutions provide analytics that allows for the identification, management, and prioritization of cyber threats that pose the greatest danger to the organization. This improves the accuracy and speed with which threat information is disseminated and provides organizations with the flexibility to deploy a threat defense strategy, hence increasing security. The increased sophistication of cyber-attacks, the growing need to safeguard workplace communications, and the expanding acceptance of the BYOD trend across enterprises are driving the growth of the worldwide security intelligence market.
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The Global Market to Grow Amid COVID-19 Pandemic
The COVID-19 pandemic has had an impact on all aspects of society, including individuals and businesses. The internet ecosystem has played a critical role all across the world, and COVID-19 has made everyone reliant on the internet as a last resort. This reliance is the primary cause of vulnerabilities in cyberspace. Apart from putting malware into networks, cybercriminals have been reported to be selling bogus COVID-19 remedies while posing as official institutions via phishing e-mails.
Key Players
The prominent players active in the global market of security intelligence are IBM Corporation (US), Dell Technologies (US), Palo Alto Networks (US), Symantec (US), LookingGlass Cyber Solutions (US), Alienvault (US), Check Point (Israel), Trend Micro (Japan), Kaspersky Lab (Russia), and Intel Corporation (US).
Logarithm (US), Fireeye (US), ANOMALY (US), j2 Global, Inc. (US), Exabeam (US), Mcafee (US), and Tata Communications (India) are some other players operating in the global market of security intelligence.
Market Segmentation
The global security intelligence industry has been segmented on the basis of component, organization size, deployment, and vertical.
By component, the global security intelligence market has been segmented into solutions and services. The solution segment has been divided into log management, security information and event management, network forensics, and others. The services segment has been divided into managed services and professional services. And the professional services have been further divided into consulting services and training and support.
By organization size, the global security intelligence market has been segmented into small and medium enterprises and large enterprises.
By deployment, the global security intelligence market has been segmented into on-cloud and on-premise.
By vertical, the global security intelligence market has been categorized into BFSI, IT and telecommunications, government and defense, manufacturing, healthcare, retail, transportation, and others.
Regional Analysis
North America to Rule the Global Market
North America presently controls the majority of the global security intelligence market. The region has well-developed network infrastructure, is an early adopter of new technologies, and is home to the bulk of cybersecurity solution providers. The United States has the greatest market share in the region, owing to highly skilled expertise and research and development skills aimed at giving improved capabilities to the solution.
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Europe to Follow North America
Europe is second only to North America in terms of market share in the global security intelligence market. The increasing number of steps taken by the European government to secure data, as well as the increasing acceptance of cloud-based services, are driving the regional market growth.
Industry News
In October 2020, IBM collaborated with ABB. With this collaboration, ABB created OT Security Event Monitoring Service that mixes ABB’s process control system domain expertise with IBM’s security event monitoring portfolio to allow improved security for industrial operators.
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As cybersecurity threats and attacks continue to grow and evolve, advanced security solutions are becoming more and more important, with security intelligence leading the way.
Security intelligence solutions offer analytics which enables identification, managing, and prioritizing the cyber-threats that pose the maximum risk to the organization.
This increases the accuracy and speed of threat information dissemination and offers enterprises the flexibility to implement a threat defense strategy, which enhances security.
The increasing sophistication of cyber-attacks, rising need to secure enterprise communications, and growing adoption of BYOD trend across enterprises are the factors driving the growth of global security intelligence market.
Emerging technologies such as blockchain and artificial intelligence (AI) in cybersecurity is expected to have a significant impact on the security intelligence market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8460 Competitive Outlook:MRFR has considered IBM Corporation (US), Palo Alto Networks (US), Symantec (US), Alienvault (US), Dell Technologies (US), Check Point (Israel), Trend Micro (Japan), Kaspersky Lab (Russia), LookingGlass Cyber Solutions (US), and Intel Corporation (US) as some of the key players in the Global Security Intelligence Market.Logrhythm (US), Fireeye (US), Mcafee (US), ANOMALI (US), j2 Global, Inc. (US), Exabeam (US), and Tata Communications (India) are some other players operating in the global market of security intelligence.
Global Threat Intelligence Security Market was valued US$ 3.01Bn in 2017 and is expected to reach US$ 13.72Bn by 2026 at a CAGR of about 20.88% during a forecast.Global Threat Intelligence Security Market is segmented into by Development Type, by service type, By Enterprise type, By Vertical, and by region.
Based on Development Type, Threat Intelligence Security Market is classified into Software-as-a-Service On-premise.
In Service, type is divided into Managed services Professional services.
By Enterprise type section are into SMEs Large-scale Enterprises.
By vertical are break down into BFSI, IT Telecommunications, Government Defence, Transportation, Manufacturing, Healthcare, Retail, energy utilities Others Geographically into North America, Europe, Asia Pacific, Middle East Africa and Latin America.
Global Industry Analysis and forecast 2018-2026.Driving factors for the threat intelligence security market are rising government compliance on data security, increasing number of sophisticated threats, cloud adoption across several enterprises, rapid adoption of bring own device models and incorporation of big data analytics with threat intelligence, Evolution of next-generation threat intelligence solutions and rise in mobile computing, broadband, and networking technologies will boost more demand in threat intelligence security market.Lack of awareness about advanced security threats and lack of security talent can hamper the growth of Threat Intelligence Security Market.Get An Exclusive Sample Of the Research Report at: https://www.trendsmarketresearch.com/report/sample/10382In terms of Service, Managed services segment share the highest market during the forecast period.
Market AnalysisMarket Research Future (MRFR) estimates the global threat intelligence market to grow at an exponential pace from 2020 to 2027 (forecast period).The threat intelligence management industry is going through numerous changes due to the volatile nature of technological advancements.
The amount of data available today is pushing businesses to incorporate threat intelligence management.
The need for organizations to develop more efficient security systems and deploy threat intelligence management is driven by the need to improve network protection against the risk of data breaches and detect any malicious activity.One of the advantages of a threat intelligence management solution is identifying threat information and turning it into useful intelligence that analysts can use to update the existing security model and take preventive measures.
To keep up with the pace of the attack, security systems must share the threat in real-time.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7927COVID-19 Impact on the Global Threat Intelligence Management MarketThe COVID-19 pandemic has had an impact on all aspects of society, including individuals and businesses.
The internet ecosystem has played a critical role all over the world.
The internet is being used to provide necessary services to customers in industries such as information, finance and insurance, healthcare and social assistance, retail trade, manufacturing, and utilities.Market SegmentationThe global threat intelligence management market has been segmented into solutions, services, deployment mode, organization size, and end-users.
