The global threat intelligence market size is expected to reach USD 20.35 billion by 2030 according to a new study by Polaris Market Research. The report “Threat Intelligence Market Share, Size, Trends, Industry Analysis Report, By Component (Solutions, Services); By Deployment Mode (Cloud, On-premises); By Application; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The market is primarily driven by the increasing uniqueness of attacking techniques, which leaves data vulnerable. The rise in data volumes generated by various companies is also a major industry driver. For instance, in February 2022, SentinelOne introduced a new threat solution with Mimecast to provide end-to-end cybersecurity solutions. For a holistic approach to incident handling powered by XDR automation, security teams can use SentinelOne and Mimecast solutions to leverage cooperative defensive lines.
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Furthermore, Cisco announced the acquisition of Kenna Security in June 2021. Customers can identify intimidations by combining Cisco's SecureX platform. According to IBM, retail was responsible for 11% of all cyberattacks in 2018. To deal with cyber threats, retailers have begun to invest heavily in the industry domain to assess the impact of these security and data breaches, thereby predicting and counteracting them.
The solutions segment accounted for the leading share in the market. These factors are responsible for the rising demand for high-end security technology solutions and the increasing demand by businesses to protect their network infrastructure. The increase in demand for professional and managed intelligence agencies can be attributed to corporate and government R&D investments in developing robust solutions and an upsurge for professional and managed intelligence agencies.
The industry growth is fueled by enhanced venture capital funding and increased investments in threat intelligence. These platforms combine several security features such as anti-virus, intrusion detection, and content filtering, making them a viable option for protecting the network from various risks.
Market players such as Broadcom, Check Point, Cisco, Cyfirma, Cymulate, Seclytics, DXC Technology, IBM, Mimecast, Nsfocus, Optiv, AT&T, Trend Micro, McAfee, and VMware are some key players operating in the global market. In November 2021, IBM acquired ReaQta to use ReaQta's endpoint security solutions, designed to use AI to identify and manage risks while remaining undetectable to attackers.
Polaris Market Research has segmented the threat intelligence market report based on component, application, deployment mode, industry vertical, and region:
Threat Intelligence, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Threat Intelligence, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Threat Intelligence, Deployment Outlook (Revenue - USD Billion, 2018 - 2030)
Threat Intelligence, Industry Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Threat Intelligence, Regional Outlook (Revenue - USD Billion, 2018 - 2030)