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
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 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.
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.
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.
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).
The global threat intelligence platform market can be segmented based on:
Global Threat Intelligence Platform Market, by Enterprise Size
Based on enterprise size, the global threat intelligence platform market can be divided into:
Global Threat Intelligence Platform Market, by Industry
In terms of industry, the global threat intelligence platform market can be segregated into:
Regional analysis of the global threat intelligence platform market includes: