Market Overview
The global Threat Intelligence Platform Market is estimated to account for 21.4% CAGR in the assessment period. It is further projected to reach USD 6.6 billion by the end of 2024.
The global threat intelligence platform market is driving its market growth due to the strict regulations for data protection across various parts of the world. Another major driving factor that fuels the Threat Intelligence Platform Market Growth is the increasing number of ubiquitous advanced persistent threats (APTs) and targeted attacks.
The present global market has more growth opportunities for the manufacturers and market players because of the growth in the adoption of BYOD and IoT, which resulted in the growth of the connected devices and increased the cyber-attack risks. Moreover, the demand for managed and professional security services increases rapidly, bringing lucrative opportunities for the Threat Intelligence Platform Market.
However, the present global market might get hampered due to the lack of interoperability between threat intelligence solutions and technical complexities. Additionally, the global market growth might experience challenges due to the lack of collaboration between private and public sectors.
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Competitive Analysis
IBM, Trend Micro, Sumo Logic, VMware, Secureworks, Verizon, DXC Technology, Anomali, InFocus, Bitdefender
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Market segmentation
According to the Threat Intelligence Platform Market Analysis, the present global market is segmented on organization size, component, vertical, and deployment.
The global market has been segregated into large enterprises and small- and medium-sized enterprises (SME) in the organization size segment.
The global threat intelligence platform market has been classified into services and solutions based on the component segment. Further, the services component segment has been sub-segmented into managed services and professional services.
Based on the vertical segment, the current global market has been categorized into IT and telecommunication, banking, financial services, insurance (BFSI), energy and utilities, government and defense, manufacturing, healthcare, retail, education, transportation, etc.
The global Threat Intelligence Platform Industry has been segmented into cloud and on-premise depending upon the deployment segment.
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Regional Analysis
The global threat intelligence platform market has been categorized into different regions such as Europe, North America, Asia-Pacific, and the rest of the world.
The global market is estimated to hold the higher Threat Intelligence Platform Market Share of 21.4% CAGR during the review period of 2019 to 2024. As per the present report, the North American region is projected to dominate the global market by generating the largest market size in the research timeframe. This region is growing due to the rising risk of a cyber-attack and an increasing number of connected devices, along with the high adoption of BYOD and IoT. Moreover, North America is driving the market growth due to the SMEs and large enterprises deployed advanced cyber security solutions across various parts of the region on a large scale.