Threat Intelligence Market 2020 by latest Trends and Current Industry Growth To 2025

The mobile-based solutions segment in the threat intelligence market will grow at a CAGR of over 18% during the projected timeline. The growth is attributed to the rising cyber-attacks on smartphones to gain access to confidential data. It is estimated that the number of new mobile malware variants grew by 54% in 2017 compared to 2016. Also, around 63% of sensitive information including phone numbers was leaked by mobile apps and 37% apps revealed devices' locations. This threat data acts as an important source for data gathering agencies, enabling them to understand the threat landscape and providing recommendations to mitigate them.

The cloud deployment model is expected to grow at a CAGR of over 20% from 2019 to 2025. These models eliminate the need to deploy cumbersome on-premise threat intelligence platforms, thus save huge costs. The cloud deployment model is gaining an immense popularity among SMEs as they can utilize the benefits of such platforms in a cost-effective manner.

The BFSI threat intelligence market held most of the market share of around 30% in 2018 and is expected to maintain a dominant position during the forecast period. Proliferation of digital platforms in the banking institutions has resulted in an increase in cyber vulnerabilities, exposing sensitive data to hackers and intruders. To address the rising vulnerabilities, these institutions need proactive threat intelligence solutions to identify compromised network resources and build an effective strategy to combat existing and emerging threats.

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As the global healthcare sector goes through a digital transformation, wherein it is adopting new technologies to enhance the level of patient care & medical treatments while continuing to facilitate patients with life-critical services, the vulnerabilities that are being created or exposed by this transformation phase are being treated as opportunities by criminal & malicious entities for their own personal gain. According to the Center for Internet Security, these threats range anywhere between malwares, that are designed to compromise the privacy of the patients & the integrity of the systems, to Distributed Denial of Service (DDoS) attacks, that are designed to hamper a facility’s ability of providing proper patient care. While these issues plague other industrial & infrastructural sectors as well, the ramifications of a cyberattack on a healthcare facility go far beyond financial losses & privacy breaches.

According to the Southern Medical Association, as cyberattacks continue to proliferate, the global healthcare industry remains a primary target. In fact, 2017 witnessed the most successful data breaches in history, bringing legal consequences & detrimental financial losses to the victims and costing organizations more than $5 billion in accumulated financial losses & estimated total payouts. As healthcare organizations store a copious amount of information associated with their patients, cyberattacks, aiming to gain access to these data reserves, would be continuing to occur in the sector, generating significant opportunities for the threat intelligence market contenders. Indeed, the global threat intelligence market is projected to witness a CAGR of 13% over 2019-2025 from the healthcare industry.   

The Asia Pacific threat intelligence market is projected to grow at a CAGR of over 16% during the forecast period. In this region, penetration of smartphones and the growing adoption of IoT are triggering the cybercrime. According to the CNNIC, at the end of December 2017, the number of internet users in China reached 772 million, which is an increase of 40.74 million from the end of 2016. The rise in the number of connected devices has increased the attack surface. This drives the need to have robust threat intelligence solutions to address the attacks. Also, various government initiatives to speed up the digital transformation also increased the frequency and sophistication of online attacks. The countries including China, India, Singapore have introduced several cybersecurity policies and reforms to ensure stronger data protection.

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The major players in the threat intelligence market are focusing on various business growth strategies such as new product developments and partnerships. This enables them to expand their existing portfolio and increase their geographical reach. For instance, in January 2018, Trend Micro launched a new Managed Detection & Response Service. The company also added various AI-powered capabilities across its entire portfolio to allow security operation centers to address cyber threats. In November 2018, Symantec and Fortinet entered into a partnership to integrate Fortinet's firewall into Symantec's cloud-delivered web security service to provide threat prevention. The integration provided a single interface for setting orchestration and reporting procedures across the products of both the companies. The partnership also enabled the companies to enhance their capabilities and add new customers to their portfolio.

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