Threat Intelligence Security Solutions Market 2021 Growth Factors, Product Overview, Segmentation and Forecast Study to 2028


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Shibuya Data Count

Jan 16, 2022, 23:59 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 16, 2022, 23:59 /Comserve / -- The global threat intelligence security solutions market forecast shall be $18,320.3 million by 2027, surging from $10,200.0 million in 2019, at a growth rate of 7.8%.

Impact Analysis of COVID-19 on the Global Threat Intelligence Security Solutions Market:

The coronavirus pandemic has a severe impact on the growth of threat intelligence security solutions market. Owing to COVID-19, majority of the countries followed a complete shutdown, which, in turn, severely impacted the cyber security sector due to the increase in cyberattacks due to the adoption of the work-from-home facility. As a consequence, companies started work from home for employees and cyber security became a major concern. Though the pandemic has created a remarkable impact on the industries worldwide, government bodies across the globe are coming up with new strategic implementations against cyber threats and vulnerabilities, for example, aiming at strengthening the cybersecurity ecosystem in India, in line with the government’s vision for a ‘Digital India’, The Ministry of Electronics and Information Technology (MeitY) has launched Cyber Surakshit Bharat initiative.

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Global Threat Intelligence Security Solutions Market Analysis:

Innovations and advancements in technologies like Internet of Things (IoT) and cloud have paved way for cyber threats and vulnerabilities. As a result, cyber concerns among organizations are increasing gradually. Detection and prevention of threats in prior to the occurrence of cyber-attacks has become a must for every organization and government firms. Threat intelligence security solution aids in protection of organizations from any such data attacks or data breaches and also detects cyber threats. Moreover, the increase of support by the government and private firms owing to the change of policies and increasing research methodologies in threat intelligence security solutions has increased the investment opportunities around the globe. Threat intelligence security solutions flag upcoming threats and maintain a secure environment for private and public organizations. In addition, the rising cyber vulnerabilities are driving the growth of threat intelligence security solutions market.

On the contrary, with the increase in cyber threats and vulnerabilities, the requirement of security solution is necessary for organizations. As a consequence, threat intelligence security solutions have become a requisite and is growing exponentially. The old-fashioned network security solutions are not proficient enough in securing the private and public firms from cyber threats. Factors like lack of professionals and experts in threat intelligence security solutions are considered as key restraining factors.

On the other hand, investments in research and development for the introduction of advanced threat solutions by the key market players like Juniper Networks Inc., DXC technology and Fortinet Inc., are increasing the investment opportunities in the field of threat intelligence security solutions. Moreover, critical infrastructure security and resilience (CISR) helps in the development of advanced infrastructure solutions which includes strengthening threat intelligence security solutions of government and private organizations and their partners at the international level.

On the basis of application, threat intelligence security solutions are segmented into security information & event management (SIEM), log management, identity & access management (IAM), security & vulnerability management (SVM), risk management and incident forensic.

The identity & access management (IAM) segment was the highest contributor to the market with $2,003.1 million in 2019 and is estimated to register a revenue of $599.2 million with a CAGR of 7.2% during the forecast period.

On the basis of service type, threat intelligence security solutions are bifurcated into managed and professional services.
The managed segment was the highest contributor to the market, with $5,600.2 million in 2019, and is estimated to reach $9,508.6 million by 2027, at a CAGR of 7.1% during the forecast period. The professional segment is estimated to reach $8,809.8 million by 2027 at a CAGR of 8.7%.

On the basis of deployment type, threat intelligence security solutions market is divided into cloud and on-premise model.
The on-premise segment was the highest contributor to the market and is estimated to reach $8,229.2 million by 2027, at a CAGR of 5.9% during the forecast period. The cloud segment is estimated to reach $10,089.1 million by 2027 at a CAGR of 9.7%.

On the basis of organization type, threat intelligence security solutions market is segmented into small & medium organization (SME) and large organization.

The large enterprises sub-segment was the highest contributor to the market, with $5,592.5 million in 2019, and is estimated to reach $8,944.6 million by 2027, at a CAGR of 6.3% during the forecast period. The SME segment is estimated to reach $9,373.7 million by 2027 at a CAGR of 9.5%.

On the basis of vertical type, threat intelligence security solutions market is divided into BFSI, healthcare, retail, Government & defense, IT & telecom, Manufacturing and others.

The government and defense sub-segment was the highest contributor to the market, with $2,505.1 million in 2019, and is estimated to reach $4,315.2 million by 2027, at a CAGR of 7.3% during the forecast period.

Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is estimated to reach $4,924.5 million by 2027, at a significant CAGR of 8.4%. The investments made by the developing countries like India, Australia, South Korea and other APAC countries in threat intelligence projects are predicted to be the sole reason for the growth of the market in APAC region.

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The companies involved in the threat intelligence security solutions include IBM corporation, Fortinet Inc., Dell Inc., Webroot Inc., McAfee LLC, Juniper Networks Inc., Symantec Corporation, Fortinet Inc., FireEye Inc. and DXC technology.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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