Threat Intelligence Security Market worth $5,860.5 M by 2020, According to a New Study on ASDReports
The report, now available on ASDReports, “Threat Intelligence Security Market by Solution (SIEM, Log Management, IAM, SVM, Risk Management, Incident Forensics), Service (Managed, Professional), Deployment, Organization Size, Vertical, Region - Global Forecast to 2020”, segments the global market on the basis of solutions, services, deployment types, organization size, verticals, and regions along with providing an in-depth analysis and the market size estimations. The report further segments Threat Intelligence Services into managed services – sub-segmented by advanced threat monitoring and security intelligence feeds; and professional services – sub-segmented by consulting and training & support.
Threat intelligence security refers to an organization’s ability to analyze and understand information related to all types of cyber attacks. Due to the rising rate of cyber crimes, organizations are increasingly spending on their network security that has helped the market grow significantly over the last five to six years.
Threat Intelligence Security Market - Global Forecast to 2020
One of the major factors driving the rapid growth of the threat intelligence security market is the rising number of sophisticated cyber attacks. According to a recent study, the number of cyber attacks increased to 48% during the last five years, which has resulted in an increased spending on security by enterprises. The losses incurred due to these attacks are likely to significantly disrupt the working of enterprises; therefore, organizations are opting for efficient security solutions to protect themselves from such attacks. Enterprises are also looking for solutions that can predict attacks and respond to them in real time. All the above factors have led to the high growth of the threat intelligence security market.
With enterprises increasingly adopting the Bring Your Own Device (BYOD) culture, their security needs have changed. The enterprise needs to secure the device when it is in the office premises and also when the device is out of the office network. Furthermore, the market is expected to remain competitive with the entry of niche players. These players provide hardware, thereby increasing their market bargain capability among the large vendors. The major vendors in the threat intelligences security market are IBM, Symantec, McAfee, Trend Micro, and Dell SecureWorks.
The report also identifies the drivers, restraints, and opportunities prevalent in the market along with premium insights for the market. The report has also been segmented by region: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. A detailed analysis of the key industry players has been done to provide insights into their product and services, strategies, and recent developments associated with the threat intelligence security market.
MarketsandMarkets forecasts that the global threat intelligence security market is expected to grow from $3,002.7 Million in 2015 to $5,860.5 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period. In the current scenario, North America is expected to be the largest market on the basis of spending and adoption of the threat intelligence security market.
Source : ASDReports - Market Research - view original press release