Threat Intelligence Security Services Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.91 Billion |
| Market Size (2029) | USD 5.23 Billion |
| CAGR (2024 - 2029) | 12.47 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Threat Intelligence Security Services Market Analysis
The Threat Intelligence Security Services Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 12.47% during the forecast period (2024-2029).
- Security service providers are enhancing their threat identification capabilities to combat a range of challenges, from advanced persistent threats (APTs) to novel attacks and emerging malware. While a new category, the advanced persistent threat, has emerged, it is crucial to note that these threats often stem from a combination of malware, delivery systems like phishing, and data exfiltration. These threats are characterized by being unknown, low-targeted, and adaptive.
- Factors such as the increasing emphasis on data security by governments of various countries, a surge in advanced threats, widespread adoption of the cloud, the rapid adoption of bring-your-own-device (BYOD) models, and the utilization of big data analytics for threat intelligence are expected to propel the market’s growth. As technologies like wireless computing and broadband advance and enterprises develop more sophisticated threat intelligence solutions, the demand for threat intelligence security solutions will only rise.
- Furthermore, the global threat intelligence security market is poised to witness a surge in demand for tools like network traffic analysis, malware dissemblers, and security information and event management (SIEM).
- Organizations, irrespective of size, are increasingly turning to management services to bolster their cybersecurity posture. These services not only provide proactive protection but also help identify organizational vulnerabilities, recommend solutions, and offer a suite of additional services.
- However, the industry faces challenges, notably in the form of high procurement and installation costs for threat intelligence security tools, which can impede its growth trajectory.
Threat Intelligence Security Services Market Trends
Rapidly Increasing Cyber Security Incidents to Drive the Market
- Enterprises utilize threat intelligence security tools to identify and combat cyber attack risks, bolstering global market trends. Concurrently, businesses are increasingly turning to network-defining software and malware detection tools to fortify their IT systems.
- Furthermore, timely threat intelligence not only averts cyber attacks but also aids in recovering significant financial losses as companies ramp up security checks across all levels, fueling market demand.
- As emerging threats target devices and enterprises, the IoT community and software developers are pivoting toward a diverse array of technology solutions to mitigate cyber risks in IoT applications. With a rising number of companies embracing IoT for heightened productivity, cybercriminals are shifting their focus from traditional computers to IoT devices.
- Threat intelligence security solutions play a pivotal role in preempting threats and safeguarding environments. Moreover, the global market for these solutions presents lucrative investment prospects, driven by the swift adoption of the BYOD model and the integration of big data analytics into threat intelligence security frameworks.
Asia-Pacific to Witness the Highest Growth
- Asia-Pacific is poised to achieve its peak growth during the forecast period. This surge is underpinned by technological advancements, the rise of new economies, heightened security awareness, and the escalating sophistication of threats. Additionally, the region is witnessing a deepening integration into the ongoing IT revolutions and increased investments in technology.
- Moreover, the region's growth is bolstered by technological advancements, the emergence of new economies, a growing emphasis on security, and an evolving threat landscape. This growth is further fueled by Asia-Pacific's alignment with the ongoing IT revolutions and its robust investments in technology.
- Furthermore, the upsurge in database volumes, anomalies in privileged user accounts and logins, atypical domain name system requests, and unexplained system changes are key drivers of this growth.
- As enterprises face heightened risks of cybersecurity breaches, many are turning to threat intelligence services. This shift is particularly pronounced due to the widespread adoption of cloud platforms, IoT, and other networking technologies.
Threat Intelligence Security Services Industry Overview
The threat intelligence market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players, with prominent shares in the market, are focusing on expanding their customer base across foreign countries and are leveraging strategic collaborative initiatives to increase their market share and profitability.
- October 2023: Check Point Software Technologies Ltd announced the launch of Check Point Horizon Playblocks prevention-first security operations security suite, which includes the managed detection/prevention and response (MDR/MPR) SOC service, where it augments security by enabling products, people, and processes to work together to stop the proliferation of attacks.
- August 2023: Fortinet Inc. announced the FortiGate 90G, the first Secure SD-WAN appliance and NGFW with the new security processing unit 5 (SP5) ASIC that delivers industry-leading AI-powered threat protection performance, scalability, and power efficiency at a cost-effective price.
Threat Intelligence Security Services Market Leaders
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Juniper Networks, Inc.
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Dell Inc.
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Check Point Software Technologies Ltd.
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FireEye, Inc.
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IBM Corporation
*Disclaimer: Major Players sorted in no particular order
Threat Intelligence Security Services Market News
- August 2024 - Check Point Software Technologies Ltd., a prominent player in the cybersecurity arena, has inked a definitive agreement to acquire Cyberint Technologies Ltd., a trailblazer in External Risk Management solutions. This strategic move is set to bolster Check Point’s Security Operations Center (SOC) capabilities and broaden its managed threat intelligence services. The sophisticated tools and features from Cyberint will be seamlessly woven into the Check Point Infinity Platform, enhancing collaborative threat prevention. Furthermore, these capabilities will be offered as a managed service via Check Point Infinity Platform Services.
- January 2024 - NTT DATA, one of the global leaders in digital business and IT services, has entered into a strategic global partnership with CYFIRMA, a provider of external threat landscape management platforms. This alliance strengthens NTT DATA's global cybersecurity services portfolio, aligning with its newly unveiled Global Cybersecurity Strategy. By leveraging real-time intelligence, the partnership empowers governments and businesses to transition their cybersecurity strategies from a reactive stance to a predictive one.
Threat Intelligence Security Services Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain / Supply Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rapidly Increasing Cyber Security Incidents
5.1.2 Growing M2M/IoT Connections Demands for Strengthened Cyber Security in Enterprises
5.2 Market Restraints
5.2.1 Lack of Cyber Security Professionals
5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
6. MARKET SEGMENTATION
6.1 By Deployment Mode
6.1.1 Cloud
6.1.2 On-premise
6.2 By End User
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 IT
6.2.4 Retail
6.2.5 Life Sciences
6.3 By Geography***
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 United Kingdom
6.3.2.3 France
6.3.3 Asia
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 South Korea
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Vendor Market Share
7.2 Company Profiles*
7.2.1 Juniper Networks Inc.
7.2.2 Dell Inc.
7.2.3 Check Point Software Technologies Ltd
7.2.4 FireEye Inc.
7.2.5 IBM Corporation
7.2.6 AlienVault Inc.
7.2.7 Farsight Security Inc.
7.2.8 LogRhythm Inc.
7.2.9 F-Secure Corporation
7.2.10 Webroot Inc.
7.2.11 Fortinet Inc.
7.2.12 McAfee LLC
7.2.13 Symantec Corporation
7.2.14 LookingGlass Cyber Solutions Inc.
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Threat Intelligence Security Services Industry Segmentation
Threat intelligence services involve online efforts to compromise information systems, often through the use of spyware, malware, and phishing, with the aim of disrupting or extracting critical data. These services aid organizations in monitoring, detecting, and responding to cyber threats, ensuring the integrity and confidentiality of their data.
The threat intelligence security services market is segmented by deployment mode (cloud, on-premises), end user (BFSI, healthcare, IT, retail, life sciences), geography (North America [United States, Canada], Europe [Germany, United Kingdom, France], Asia-Pacific [China, Japan, South Korea, Rest of Asia-Pacific], Australia and New Zealand, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Deployment Mode | |
| Cloud | |
| On-premise |
| By End User | |
| BFSI | |
| Healthcare | |
| IT | |
| Retail | |
| Life Sciences |
| By Geography*** | |||||
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| Australia and New Zealand | |||||
| Latin America | |||||
| Middle East and Africa |
Threat Intelligence Security Services Market Research Faqs
How big is the Threat Intelligence Security Services Market?
The Threat Intelligence Security Services Market size is expected to reach USD 2.91 billion in 2024 and grow at a CAGR of 12.47% to reach USD 5.23 billion by 2029.
What is the current Threat Intelligence Security Services Market size?
In 2024, the Threat Intelligence Security Services Market size is expected to reach USD 2.91 billion.
Who are the key players in Threat Intelligence Security Services Market?
Juniper Networks, Inc., Dell Inc., Check Point Software Technologies Ltd., FireEye, Inc. and IBM Corporation are the major companies operating in the Threat Intelligence Security Services Market.
Which is the fastest growing region in Threat Intelligence Security Services Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Threat Intelligence Security Services Market?
In 2024, the North America accounts for the largest market share in Threat Intelligence Security Services Market.
What years does this Threat Intelligence Security Services Market cover, and what was the market size in 2023?
In 2023, the Threat Intelligence Security Services Market size was estimated at USD 2.55 billion. The report covers the Threat Intelligence Security Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Threat Intelligence Security Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Threat Intelligence Security Services Industry Report
Statistics for the 2024 Placenta market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Placenta analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Threat Intelligence Security Services Market Report Snapshots
