North America leads the threat intelligence security market, whereas Asia-Pacific dominates the threat intelligence security market, which are expected to grow at an exponential rate in the coming years. The high growth in these regions is due to the fact that server message blocks (SMBs) in the regions are directing towards threat intelligence security to protect the consumers against persistent, advanced and complex threats.
Threat intelligence services nurtured out of security service providers evolving threat detection abilities to address the encounter of detecting advanced persistent threats (APTs), previous unidentified attacks, advanced malware and other threats. Advanced persistent threats are a new class of malware. However, in reality advanced persistent threats are a combination of malware, delivery systems (such as phishing), and data exfiltration. Most of the threat attacks are unknown, low-targeted, slow and adaptive.
The global threat intelligence security market can be segmented on the basis of deployment type, solutions, type of service, organization size and industry verticals. On the basis of the category of deployment type, the global threat intelligence security market can be divided into cloud and on-premises deployment. Based on solutions, the market can be split into security information and event management (SIEM), log management, identity and access management (IAM), incident forensics, security and vulnerability management (SVM), and risk management. Based on the type of service, the market can be segmented into managed services and professional services. By organization size, the global threat intelligence security market can be divided into small and medium businesses (SMBs) and large businesses. On the basis of industry verticals, the global threat security market can be classified as government, banking, financial services and insurance (BFSI), information technology (IT) and telecom, healthcare, retail, transportation, energy and utilities, manufacturing and others.
Threat intelligence security refers to an organization’s ability of evaluating and understanding information associated with all types of cyber-attacks. Owing to the rising rate of cyber crimes, organizations are progressively spending on their network security that contributed to the growth of the threat intelligence market over the last few years. The threat intelligence security services (TISS) products span a broad range of deliverables including data feeds, journals and publications; while the publications can be purchased by payment (subscription), or are offered for free as a marketing tool to confirm the threat awareness of security services firm and are incorporated into a managed security services arrangement.
Some of the factors driving the growth of the global threat intelligence security market are rising government compliance on data security, increasing number of sophisticated threats and cloud adoption across several enterprises. Evolution of next-generation threat intelligence solutions, rapid adoption of bring your own device (BYOD) model and integration of big data analytics with threat intelligence are some of the factors, which are providing ample opportunities for the global threat intelligence security market to grow in the coming years.
Most of the companies are focusing on quality rather than quantity, because it is difficult to handle the volume due to overload of data. The advantage of such approach is that it is easy to utilize a controlled amount of data with significant context. Some of the factors restraining the growth of the threat intelligence security market are diverse nature of threats, lack of awareness about advance security threats, heterogeneous information security infrastructure and lack of security talent.
Some of the competitors in the global threat intelligence security market are Cyveillance, Inc., McAfee, Inc., FireEye, Inc., Dell SecureWorks, Inc., Juniper Networks, Inc., Symantec Corporation, International Business Machines Corporation, Trend Micro Incorporated, Webroot Inc., and Arbor Networks, Inc.
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