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Threat Intelligence market size is projected to reach US$ 19410 million by 2028, from US$ 11850 million in 2021, at a CAGR of 7.2% - Valuates reports
The global Threat Intelligence market size is projected to reach US$ 19410 million by 2028, from US$ 11850 million in 2021, at a CAGR of 7.2% during 2022-2028.The growing frequency of data breaches and cyberattacks has prompted many firms to implement threat intelligence solutions. Attackers are increasingly employing novel, distinctive attacking methods, making the data vulnerable. Moreover, numerous businesses are producing large amounts of data. These factors are expected to drive the growth of the Threat Intelligence Market
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Threat Intelligence Market Trends
The major factors driving the growth of the threat intelligence market are the increase in the adoption of threat intelligence solutions by SMEs, the development of next-generation security solutions in many organizations & SMEs, and the high implementation of threat intelligence solutions across various sectors. The threat intelligence industry is expanding due to an increase in security breaches and cybercrime within organizations.
The market for threat intelligence is expanding as a result of the growing demand for better solutions to secure network infrastructure. To lessen the attack surface of a network, businesses in many industries are investing more and more in cutting-edge threat intelligence solutions. Network protection helps secure important assets or properties within the network by stopping employees from utilizing applications to access dangerous domains.
However, the market's expansion is hampered by a shortage of qualified security personnel and increased prices. Additionally, it is projected that the growing adoption of cloud-based technology by SMEs and the integration of artificial intelligence (AI) and machine learning in threat intelligence would offer significant potential for the growth of the threat intelligence market.
Threat Intelligence Market Share Analysis
The threat intelligence market's largest region in 2022 was North America. The region with the quickest growth is anticipated to be Asia-Pacific during the projection period. The threat intelligence market study includes coverage of Asia-Pacific, Western and Eastern Europe, Eastern and Central Africa, North and South America, the Middle East, and Africa.
Threat Intelligence Market Scope and Market Size
Threat Intelligence market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Threat Intelligence market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
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