Threat Intelligence Security Market is Estimated to Reach $22.8 Billion by 2026, Says Accurize Market Research
Global Threat Intelligence Security Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $22.8 Billion by 2026, growing at a CAGR of 20.1% from 2019 to 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.
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Market Introduction and Market Dynamics
The major factors driving the global threat intelligence security market are rise in the number of targeted attacks, increasing level of interconnectivity, and stringent directives for data protection. Moreover, rising cyber crime rate has also increased organizations spending on their network security which has contributed to the growth of the threat intelligence security market during the forecast period. However, lack of skilled professionals may limit the market growth. Need for organization's to deploy Next-Gen cyber security, surge in demand for cloud-based threat intelligence solutions in small and medium enterprises would generate new growth opportunities for the market in the future years.
Market Segmentation and Crisp Analysis
The global threat intelligence security market has been segmented into, services, deployment, and organization size. By solution, the market is further divided into security information and event management (SIEM), log management, identity and access management (IAM), incident forensics, security and vulnerability management (SVM), and risk management. By type of service, the market can be segmented into managed services and professional services. By organization size, the market can is divided into small and medium businesses (SMBs) and large businesses. By industry verticals, the market is classified as government, banking, financial services and insurance (BFSI), information technology (IT) and telecom, healthcare, retail, transportation, energy and utilities, manufacturing, and others.
The cloud based segment dominated the deployment type market in 2018, accounting for more than 50% of the global market share.
Regional Segmentation and Crisp Analysis
The global Threat Intelligence Security Market has been segmented by geography into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, Italy, France, Germany, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the world covers South America, Middle East and Africa. Among various geographical regions, North America dominated the global Threat Intelligence Security Market accounting for the largest market share in 2018, and projected to continue its dominance during the forecast period 2019 – 2026. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of more than 5% during the forecast period 2019-2026, driven by technological advancement and growing acceptance of folding ladders across various application areas.
Manufacturers Competitive Analysis
The threat intelligence security market is highly competitive as the market consists of several dominant players who are using economies of scale to gain competition and increase their global market share. Major key players operating in the global threat intelligence security market are Proofpoint (US), Symantec (US), IBM (US), FireEye (US), Check Point (US), Dell Technologies (US), McAfee (US), LogRhythm (US), LookingGlass Cyber Solutions (US), Trend Micro (Japan), and Kaspersky (Russia), among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
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