Intelligent Threat Security Market, by Solution (Log Management, Risk Management), Service (Consulting Service, Training & Support, Managed Service), Deployment Mode (on-Cloud, On-Premise), Organization Size (large enterprises) - Global Forecast till 2027
Industry News
Viasat, a U.S. broadband service provider, has gained approval from the Department of Homeland Security (DHS) for receiving cyber threat intelligence and take measures to defend customers from incoming threats.
Market Highlights
Intelligent threat securities are measures taken for recognizing threats and its gamble levels. Organizations can brace their safeguards on interior organizations by making a data set of recently seen assaults and contrasting it and mark assaults. Intel or data utilized in distinguishing and forestalling threats is a piece of safety intelligent threat. The global intelligent threat security market size can sling to USD 8 billion by 2023, as per the most recent report by Market Research Future (MRFR). Intelligent Threat Security Market is projected to flourish at a 7.20% CAGR and USD 19.66 Billion income by 2030 over the assessed period (2020-2030), as per the new Market Research Future (MRFR) report. MRFR is a head research and counseling firm equipped for distinguishing recent fads and specialties across ventures and plans investigates premise of essential and optional discoveries.
Market Scope
The global intelligent threat security market will undoubtedly grow inferable from rising instances of modern threats, government arrangements relating to information security, arrangements among SMEs, and reception of publicly supported stages. Pre-recognizable proof of dangers and collection of information for forming methodologies for safeguarding associations against digital assaults can look good for the market. Advanced change of gear and combination of IoT in processes are probably going to be lucky for threat identifiers during the forecast time frame. The disappointment of frameworks in subsea wells and mines can come full circle in gigantic misfortunes.
The COVID-19 pandemic has seriously impacted associations of all sizes with interest for threat knowledge organizations anticipated to ascend over the forecast time frame. Also, the reliance on the web has prompted spikes in COVID-19 themed phishing tricks and cyberattacks giving an open door to digital gamble arrangement suppliers.
Be that as it may, the significant expenses of intelligent threat security can hamper market growth.
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Segmentation:
By solution, the market is sub-segmented into identity and access management (IAM), security information and event management (SIEM), log management, incident forensics, security and vulnerability management (SVM), and risk management.
By service, the market is sub-segmented into professional service, managed service, consulting service, advanced threat monitoring, security intelligence feed, and training and support.
By deployment mode, the market is sub-segmented into cloud and on premises.
By organization size, the market is sub-segmented into SMEs and large enterprises.
By vertical, the market is sub-segmented into education, government, BFSI, IT & telecom, energy & utilities, healthcare, retail, transportation, manufacturing, and others. The IT & telecom vertical is expected to hold the largest market share over the forecast period owing to adopting solutions for averting cyber risks. Integration of information technology in daily activities can garner its need among customers.
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) are major regions covered for outlining the prospects of the global intelligent threat security market.
North America is pegged to dominate the global market over the forecast period owing to adoption of cybersecurity policies and threat intelligence services by enterprises and organizations. Investments by venture capital firms in security software as well as presence of online solutions by software agencies can drive the regional market demand.
However, APAC is expected to register the highest growth rate over the forecast period. This is attributed to growing number of cyberattacks on SMEs and vulnerability of data stored on hard drives of organizations. Huge demand for mobile and web applications can drive the demand for intelligent threat security in the region.
Competitive Scope
Trend Micro Incorporated, Check Point Software Technologies Ltd., Dell Technologies Inc., McAfee LLC, IBM Corporation, Symantec Corporation, Juniper Networks Inc., LookingGlass Cyber Solutions Inc., LogRhythm Inc., FireEye Inc., and Optiv Security Inc. are prominent players of the global intelligent threat security market.
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