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 2021 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
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.