Intelligent Threat Security Market 2020 by Current & Upcoming Trends | COVID-19 Effects


Posted January 11, 2022 by santoshm1

The global intelligent threat security market size can catapult to USD 8 billion by 2023, according to the latest report by Market Research Future (MRFR). It can display 18.1% CAGR over the forecast period (2018-2023).
 
Market Highlights

Intelligent threat securities are measures taken for distinguishing dangers and its danger levels. Organizations can sustain their guards on inside networks by making an information base of recently seen assaults and contrasting it and mark assaults. Intel or data utilized in recognizing and forestalling dangers is a piece of safety keen danger. The worldwide clever danger security market size can sling to USD 8 billion by 2023, as indicated by the most recent report by Market Research Future (MRFR). It can show 18.1% CAGR over the estimate time frame (2018-2023). MRFR is a chief examination and counseling firm equipped for distinguishing recent fads and specialties across ventures and plans writes about premise of essential and optional discoveries.

Market Scope

The global intelligent threat security market will undoubtedly grow inferable from rising instances of modern dangers, government arrangements relating to information security, arrangements among SMEs, and reception of publicly supported stages. Pre-recognizable proof of dangers and collection of information for figuring out systems for securing associations against digital assaults can look good for the market. Advanced change of hardware and reconciliation of IoT in processes are probably going to be fortunate for danger identifiers during the gauge time frame. The disappointment of frameworks in subsea wells and mines can finish in colossal misfortunes.

The COVID-19 pandemic has seriously impacted associations of all sizes with interest for danger knowledge organizations anticipated to ascend over the gauge time frame. Besides, the reliance on the web has prompted spikes in COVID-19 themed phishing tricks and cyberattacks giving an open door to digital danger arrangement suppliers.

In any case, the significant expenses of shrewd danger security can hamper market development.

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Segmentation:

By solution, the market is sub-segmented into identity and access management (IAM), security information and event management (SIEM), log management, incident forensics, security and vulnerability management (SVM), and risk management.

By service, the market is sub-segmented into professional service, managed service, consulting service, advanced threat monitoring, security intelligence feed, and training and support.

By deployment mode, the market is sub-segmented into cloud and on premises.

By organization size, the market is sub-segmented into SMEs and large enterprises.

By vertical, the market is sub-segmented into education, government, BFSI, IT & telecom, energy & utilities, healthcare, retail, transportation, manufacturing, and others. The IT & telecom vertical is expected to hold the largest market share over the forecast period owing to adopting solutions for averting cyber risks. Integration of information technology in daily activities can garner its need among customers.

Regional Analysis

North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) are major regions covered for outlining the prospects of the global intelligent threat security market.

North America is pegged to dominate the global market over the forecast period owing to adoption of cybersecurity policies and threat intelligence services by enterprises and organizations. Investments by venture capital firms in security software as well as presence of online solutions by software agencies can drive the regional market demand.

However, APAC is expected to register the highest growth rate over the forecast period. This is attributed to growing number of cyberattacks on SMEs and vulnerability of data stored on hard drives of organizations. Huge demand for mobile and web applications can drive the demand for intelligent threat security in the region.

Competitive Scope

Trend Micro Incorporated, Check Point Software Technologies Ltd., Dell Technologies Inc., McAfee LLC, IBM Corporation, Symantec Corporation, Juniper Networks Inc., LookingGlass Cyber Solutions Inc., LogRhythm Inc., FireEye Inc., and Optiv Security Inc. are prominent players of the global intelligent threat security market.

Industry News

Viasat, a U.S. broadband service provider, has gained approval from the Department of Homeland Security (DHS) for receiving cyber threat intelligence and take measures to defend customers from incoming threats.

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Intelligent Threat Security Market, by Solution (Log Management, Risk Management), Service (Consulting Service, Training & Support, Managed Service), Deployment Mode (on-Cloud, On-Premise), Organization Size (large enterprises) - Global Forecast till 2027

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Issued By MRFR
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Categories Technology
Tags intelligent threat security market
Last Updated January 11, 2022