Threat Intelligence Market Research, 2032
The global threat intelligence market was valued at $11.9 billion in 2022, and is projected to reach $30.5 billion by 2032, growing at a CAGR of 9.9% from 2023 to 2032.
Threat intelligence is data that is collected, processed, and analyzed to understand a threat actor’s motives, targets, and attack behaviors. As a result, it helps them to quickly switch from reactive to proactive behavior in the fight against threat actors and make faster, more educated, data-backed security decisions. In addition, enhanced techniques and processes empower cyber security stakeholders and helps security teams make better judgments to tackle cyber threats. Furthermore, threat intelligence helps organizations of all sizes evaluate threat data to better understand their adversaries, respond to crises more quickly, and proactively anticipate a threat actor's next move. These factors fuel the demand for threat intelligence and boost the market growth.
The threat intelligence market is segmented into Component, Applications, Deployment Mode, Organization Size and Vertical.
On the basis of component, the threat intelligence market is classified into solutions and services. Solutions segment is projected to grow at an exponential growth rate in the threat intelligence market over the forecast timeline.
On the basis of applications, the market is classified into security information and event management, government, risk and compliance, and business continuity planning and management. Security information and event management segment is projected to grow at an exponential growth rate in the threat intelligence market.
On the basis of deployment, the threat intelligence market is segmented into cloud and on-premise. Cloud segment is forecasted to grow at an exponential growth rate over the forecast period.
On the basis of organization size, the market is segmented into large enterprise and SMEs. SMEs (Small and Medium Sized enterprise) segment is projected to witness an exponential growth rate in the threat intelligence market over the forecast timeline.
On the basis of vertical, the industry is segmented into IT and Telecom, BFSI, healthcare and life sciences, retail and e-Commerce, manufacturing, and others. BFSI segment is projected to grow at an exponential rate in the global threat intelligence market.
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to maintain its dominance in the global threat intelligence market.
The rising number of sophisticated cyberattacks and growing need to secure critical infrastructure are driving the growth of the market. In addition, the extensive adoption and deployments of digital technologies are fueling the growth of the market. However, the high cost associated with threat intelligence solutions and lack of skilled professionals and technical complexities in deployment of threat intelligence solutions limit the growth of this market. Conversely, favorable government initiatives and investments to strengthen security infrastructure are anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
Depending on the component, the solution segment dominated the threat intelligence market share in 2022 and is expected to continue this trend during the forecast period, owing to the threat detection, threat analysis, incident response, vulnerability management and threat intelligence reporting solutions. However, the service segment is expected to witness the highest growth in the upcoming years, owing to the range of offerings provided by cybersecurity and threat intelligence companies to assist enterprises in assessing, identifying and mitigating the risks associated with the cybersecurity vulnerabilities and threats.
Region wise, the threat intelligence market was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to increasing adoption of secured cloud services. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the advancements in threat intelligence analytics.
The report focuses on growth prospects, restraints, and analysis of the global threat intelligence market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, threat of substitutes, and bargaining power of buyers on the threat intelligence market share.
The threat intelligence market is segmented on the basis of component, applications, deployment, organization size, vertical and region. Based on component, the market is segmented into solutions and services. On the basis of applications, the market is segmented into Security Information and Event Management, Government, Risk and Compliance, and Business Continuity Planning and Management. On the basis of deployment, the market is segmented into cloud and on-premises. On the basis of organization size, the market is segmented into large enterprises and SMEs. On the basis of vertical, the market is segmented into IT and ITeS, BFSI, Healthcare and Life Sciences, Retail and E-Commerce, Manufacturing, and Others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global threat intelligence market size is dominated by key players such as Anomali, Inc., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike, Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., and Trend Micro Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Top impacting factors
Rising number of sophisticated cyberattacks
The global threat intelligence market is experiencing substantial growth, primarily due to the increasing number of sophisticated cyberattacks. As cybercriminals enhance their ability to evade conventional security measures, organizations are increasingly relying on threat intelligence solutions to stay one step ahead. These solutions offer real-time insights into emerging threats and attack vectors, empowering organizations to proactively strengthen their defenses. Furthermore, the integration of artificial intelligence and machine learning within threat intelligence platforms facilitates the identification of intricate, previously unrecognized threats. Consequently, businesses are making investments in threat intelligence in order to mitigate risks, safeguard their sensitive data, and uphold customer trust.
Growing need to secure critical infrastructure
The crucial sector of critical infrastructure, encompassing energy, transportation, and healthcare, is acknowledging the necessity to augment security in the face of constantly evolving hazards. The threat intelligence market is witnessing the rise in demand due to benefits of this trend as it provides customized resolutions for safeguarding vital systems and networks. Threat intelligence plays a pivotal role in the identification of vulnerabilities and potential dangers to infrastructure components, facilitating prompt precautionary measures. The incorporation of threat intelligence solutions is being propelled by governmental regulations and industry standards, rendering them indispensable for compliance. The market is projected to continue its growth trajectory as organizations prioritize the safeguarding of critical infrastructure against both cyber and physical threats.
Threat intelligence process includes gathering, analyzing, and disseminating information regarding potential cybersecurity threats as technology is a key component of this process. This is further attributed to various data sources, such as logs, network traffic, malware samples, and open-source intelligence. Technology such as security information and event Management systems, intrusion detection and prevention systems and honeypots play a vital role in collecting and aggregating data from these sources. Furthermore, advanced technologies such as machine learning and artificial intelligence (AI) technologies help to automate the analysis of large datasets. These technologies can identify patterns, anomalies, and potential threats more efficiently than manual analysis. For instance, in August 2023, CrowdStrike, Inc. launched CrowdStrike counter adversary operations. The new team and offerings bring together CrowdStrike Falcon Intelligence, the CrowdStrike Falcon OverWatch managed threat hunting teams and trillions of the latest telemetry events from the AI-powered CrowdStrike Falcon platform to detect, disrupt and stop sophisticated adversaries in their tracks and ultimately raise their cost of doing business. Such technological advancements boost the market growth of threat intelligence market.
Threat intelligence programs run by the government are essential for improving cybersecurity and safeguarding national interests. Public understanding of cybersecurity threats and best practices can be increased via government programs. By doing so, people and organizations can more effectively defend themselves against cyberattacks, hence lowering the overall threat environment. Cybercriminals can be investigated and prosecuted by government agencies, which is essential for preventing additional cyberattacks. For instance, in May 2021, The Department of Homeland Security in U.S implemented a strategy to gather and analyze intelligence about security threats from public social media posts. The focus is on the gleaning insights about potential security threats based on emerging narratives and grievances. Such government strategies boost the threat intelligence industry growth.
Recent Partnerships in Threat Intelligence Market
In September 2023, Broadcom, Inc. partnered with Google cloud to strengthen gen AI-powered cybersecurity and threat intelligence to embed generative AI (gen AI) into the Symantec security platform in a phased rollout that will give customers a significant technical edge for detecting, understanding, and remediating sophisticated cyber-attacks.
In March 2023, Anomali Inc., a security solution providers partnered with Canon IT Solutions Inc., and offered Threat Intelligence Platform services for enterprise customers. Utilizing Anomali’s ThreatStream, the service offers actionable intelligence to small and medium-sized enterprises regarding cyber attackers, emerging tactics, and information-centric security measures.
Recent acquisition in the Threat Intelligence Market
In September 2023, Cisco Systems Inc. acquired Splunk and enhanced its threat intelligence solutions to help move organizations from threat detection and response to threat prediction and prevention.
In November 2021, IBM Corporation expanded its cybersecurity threat detection threat intelligence and response capabilities by acquiring ReaQta to further leverage AI to automatically identify and manage threats, while remaining undetectable to adversaries.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the threat intelligence market analysis from 2022 to 2032 to identify the prevailing threat intelligence market forecast.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the threat intelligence market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global threat intelligence industry trends, key players, market segments, application areas, and threat intelligence market growth strategies.
Threat Intelligence Market Report Highlights
Market Size By 2032
USD 30.5 billion
CAGR of 9.9%
2022 - 2032
By Deployment Mode
By Organization Size
Key Market Players
Anomali, Inc., CrowdStrike, Inc., Palo Alto Networks, Inc., Broadcom, Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, Microsoft Corporation, Cisco Systems Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC
The threat intelligence market is characterized by fierce competition, a phenomenon that can be attributed to the strong presence of established vendors. It is anticipated that providers of threat intelligence solutions and services, who possess extensive technical and financial resources, will enjoy a competitive edge over their rivals due to their ability to fulfill the global market's demands. Additionally, the competitive landscape within the market is poised to become even more intense as a result of technological advancements, expansions of product offerings, and the implementation of various strategies by key vendors.
The threat intelligence market is predicted to experience significant growth throughout the projected timeframe. There exist a few noteworthy trends within the threat intelligence market, namely the increasing adoption of cloud-based solutions for threat intelligence and the growing emphasis on real-time information regarding threats. These trends have a positive impact on the overall threat intelligence market.
Furthermore, managed services for threat intelligence are gaining popularity across various industries and enterprises. These service providers assist large enterprises in managing their information technology infrastructure by implementing advanced security frameworks. This is also expected to contribute to the competition in the threat intelligence market. Additionally, the continuous advancements in cloud-based platforms for threat intelligence, which aim to cater to diverse customer requirements, are anticipated to support the overall growth of the market.
By region, the threat intelligence market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2022 and is expected to grow at a significant growth rate as compared to other regions. Factors such as presence of prominent technology companies and industry consortiums focusing on cybersecurity infrastructure have contributed to the demand for advanced threat intelligence solutions and services. Asia-Pacific is the fastest-growing region in the market, which is mainly attributed to the growing focus of the market players to address the demands for advanced security frameworks with cost-effectiveness.
Major corporations engaged in the threat intelligence industry are prioritizing strategic partnerships in order to develop advanced threat intelligence solutions. For example, in March 2023, Anomali Inc., a provider of security solutions, collaborated with Canon IT Solutions Inc. to offer Threat Intelligence Platform services to enterprise customers. Through the utilization of Anomali’s ThreatStream, this service provides actionable intelligence to small and medium-sized businesses regarding cyber attackers, emerging tactics, and information-centric security measures. Consequently, customers of Canon IT Solutions can assess their vulnerability to attacks and implement effective measures to safeguard against the most recent cyber threats in a convenient and efficient manner. The adoption of similar strategies by market players operating both globally and regionally will significantly contribute to the growth of the market during the forecast period.
Some of the key players profiled in the report include Anomali, Inc., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike, Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., and Trend Micro Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the threat intelligence market.