Threat Intelligence Market Size, Share & Trends Analysis grow at a CAGR of 14.7% from 2024 to 2030
The global threat intelligence market size was estimated at USD 14.59 billion in 2023 and is expected to grow at a CAGR of 14.7% from 2024 to 2030. There is an emerging threat landscape across both developed and emerging economies. Governments, as well as many large organizations, are working toward bridging the gap between the spending in cyber security systems and seeking out an optimum result with the gathered threat artifacts to mitigate or reduce arising threats. The applicability and usefulness of threat intelligence have led organizations to integrate contextual information and data points to determine relevant threats to the business and thus provide actionable strategy towards the same, thereby driving market growth.
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Cloud computing has emerged as an ally for businesses with the advent of remote work and collaboration. The COVID-19 pandemic fueled a surge in demand for threat intelligence solutions, which resulted in an increase in email phishing crimes. The increase in distant activities, such as teleworking, increased reliance on email for communication, creating an ideal environment for email fraud schemes.
As nations are moving toward digitalization, data and security breaches have grown in higher numbers, resulting in cyber-crime activities. The evidence of advanced technologies in the digital era has increased vulnerability in an organization’s network. The data breaches in the majority of enterprises have a financial, data theft, and espionage motive, which results in disruption of business, downtime in sites, and loss of revenue. The significance of security breaches in an organization has shifted from an external source to an insider threat, which has raised concern amongst IT professionals. Privacy threats are increasing, thereby compromising on personal information of an individual in the organization. Data breaches across education, government, and industry sectors have made headlines repeatedly – over the past years, with no signs of slowing down.
Market Concentration & Characteristics
One of the main growth opportunities in the market is the rising need for advanced cybersecurity measures across various sectors such as finance, healthcare, and government. With the increasing frequency and sophistication of cyberattacks, organizations are prioritizing the implementation of robust threat intelligence solutions to detect and mitigate potential threats proactively. These solutions offer enhanced capabilities for threat detection, analysis, and response, thereby improving overall security posture.
In addition, as technology evolves and cyber threats become more complex, the demand for comprehensive threat intelligence platforms is expected to grow, driven by the necessity for real-time data and actionable insights to safeguard critical infrastructure and sensitive information. This expanding need for cutting-edge security solutions fosters significant market growth and innovation in the threat intelligence domain.
