Global Threat Intelligence Platform Market: Introduction
Threat intelligence platform is a solution that automates the manual process of threat intelligence, enables analysts to investigate and respond to cyber threats, and reduces detection time.
Demand for threat intelligence is expected to rise in the coming years with the rising number of cybercrimes and cyber-attacks of data theft across the globe.
Global Threat Intelligence Platform Market – Dynamics
Increasing Rate of Data Breach and Cyber Attacks
The potential chances of cyber-attacks has increased greatly with the increasing adoption of connectivity and networked services around the globe. According to a new report from The Cybersecurity Imperative, annual losses from cyber-attacks averaged US$ 4.7 Mn in the last fiscal year – with more than one in 10 firms losing over US$ 10 Mn. Such increase in cyber-attacks is driving the demand for threat intelligence platforms.
Lack of Awareness and Skilled Professionals
Lack of infrastructure and skilled professionals specific to cyber-security is seen in Asia Pacific, Middle East & Africa, and South America. In these regions, many countries still use the traditional system to tackle cyber threats. The huge gap between the skills of the individual specific to cyber intelligence and threat intelligence is resisting the demand for threat intelligence platform.
North America to Dominate the Global Threat Intelligence Platform Market
In terms of region, the global threat intelligence platform market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the threat intelligence platform market during the forecast period due to strong adoption of artificial intelligence and other advance technology by small & medium enterprises within the region.
COVID-19 Impact on the Global Threat Intelligence Platform Market
The COVID-19 pandemic is expected to moderately impact the global threat intelligence platform market for a short-term period. Enterprises are not making any investment due to depression in the market; on the other hand, the number of cyber-attacks has increased exponentially within this time period. Demand is expected to increase in the first quarter of year 2023 with the rising number of cyber-attacks and data breach cases.
Global Threat Intelligence Platform Market – Competition Landscape
- In August 2019, Cyware, a provider of threat intelligence and cyber fusion solutions, and Inflow Technologies Pvt. Ltd signed a partnership to deliver Cyware’s cyber fusion, threat intelligence, threat response, and security automation solutions to customers. The partnership will enhance Inflow’s cybersecurity portfolio.
Incorporated in 2016, Cyware provides a full-stack of cyber solutions for strategic and tactical threat intelligence sharing, cyber fusion, and threat response. Cyware’s product suite includes a situational awareness platform (CSAP), an advanced threat intelligence platform (CTIX), a cyber fusion and threat response platform (CFTR), and a security orchestration layer (CSOL).
Global Threat Intelligence Platform Market: Segmentation
The global threat intelligence platform market can be segmented based on:
- Enterprise Size
Global Threat Intelligence Platform Market, by Enterprise Size
Based on enterprise size, the global threat intelligence platform market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Threat Intelligence Platform Market, by Industry
In terms of industry, the global threat intelligence platform market can be segregated into:
- Banking, Financial Services & Insurance
- Telecom & Information Technology (IT)
- Wholesale Distribution
- Non-profit Organizations
- Food and Beverage
- Others (Hospitality, Government, and Public Sector, etc.)
Regional analysis of the global threat intelligence platform market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Threat Management
- Cyber Security
- Vulnerability Management
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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