How will the Adoption of Identity & Access Management Technologies Drive Threat Intelligence Market Size?

The IAM segment in Threat Intelligence Market is anticipated to grow at a CAGR of more than 14% over the project period owing to rising adoption of technologies like IoT, cloud computing and BYOD. The arrival of digital technologies have prompted enterprises to build data-driven business models, that help make the business more flexible, scalable and agile. These models also make the organizations vulnerable to internal as well as external threats and cyberattacks, coercing major enterprises to implement identity & access management (IAM) solutions in order to lower the associated risks with advanced technologies.

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A growing number of connected endpoints has expanded the scope of internet and will propel threat intelligence market share, with over 3 billion users using the internet worldwide. The demand for connected devices is expected to grow to more than 50 billion by the year 2020. Cybercriminals use internet in order to connect with the end point devices and perform malignant activities, which has encouraged the adoption of solutions providing threat intelligence to protect networks against any unauthorized access.

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 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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Speaking of the regional spectrum, it is pivotal to mention that the Asia Pacific has emerged as a major ground for the threat intelligence market, driven by the rising number of smartphone and internet users in emerging nations. According to CNNIC (China Internet Network Information Center), China was reported to have a shocking 802 million internet users in the country – significantly more than the population of Russia, Mexico, Japan and the U.S. combined. Furthermore, the region is flooded with the presence of several ride-hailing, taxi-booking, food delivery, online banking and e-commerce companies that are primarily dependent on internet services to run operations.

Attributing to these three determinants, it is unmistakably clear, that the global threat intelligence industry would be witnessing tremendous growth in the years to come. In fact, according to a report by Global Market Insights, Inc., the overall threat intelligence market size is slated to surpass the $13 billion renumeration mark by 2025.

Major Key Points from Table of Content:

Chapter 6. Global Threat Intelligence Market, By Format Type

6.1. Key trends, by format type

6.2. Internet-based solution

6.2.1. Market estimates and forecast, 2014 – 2025

6.3. File-based solution

6.3.1. Market estimates and forecast, 2014 – 2025

6.4. Mobile-based solution

6.4.1. Market estimates and forecast, 2014 – 2025

Chapter 7. Global Threat Intelligence Market, By Deployment Model

7.1. Key trends, by deployment model

7.2. On-premise

7.2.1. Market estimates and forecast, 2014 – 2025

7.3. Cloud

7.3.1. Market estimates and forecast, 2014 – 2025

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