Threatintelligence is an information security discipline that seeks understanding ofsophisticated cyber threats by collecting, enriching, and analyzing theinformation of advanced threats and employing the best actionable intelligenceto counter the sophisticated advanced threats and their targeted attacks. Itrefers to the ability of organizations to understand and analyze theinformation on threat vectors collected from various sources and prevent advancedthreats through a comprehensive threat intelligence strategy.
MarketsandMarketsforecasts the cyber threat intelligence market size which is expected to growfrom USD 3.83 Billion in 2017 to USD 8.94 Billion by 2022, at an estimatedCompound Annual Growth Rate (CAGR) of 18.4%. Due to the threat landscape ofinsider attacks, there is a huge adoption of threat intelligence databaseswithin organizations. The sophistication level in the cyberattacks is alsoincreasing and creating demands for more comprehensive threat Intelligenceservices that would enable the protection of organizations infrastructure.
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Browse 165market data Tables and 41 Figures spread through 200 Pages and in-depth TOC on"Threat Intelligence Market by Solution (Threat Intelligence Platforms, SIEM,IAM, SVM, Risk and Compliance Management, Incident Forensics), Service(Managed, Professional), Deployment Mode, Organization Size, Vertical, andRegion - Global Forecast to 2023"
The keyplayers in the cyber threat intelligence market include IBM Corporation (US),Dell Technologies, Inc. (US), McAfee LLC (US), Trend Micro Incorporated(Japan), Symantec Corporation (US), Check Point Software Technologies Ltd.(US), Juniper Networks, Inc. (US), FireEye, Inc. (US), LogRhythm, Inc. (US),LookingGlass Cyber Solutions, Inc. (US), Optiv Security, Inc. (US), Webroot,Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe),AlienVault, Inc. (US), and Splunk, Inc. (US). These players have adoptedvarious strategies, such as partnerships, agreements, and collaborations;acquisitions; and new product developments to achieve growth in the global cyberthreat intelligence market.
The cyber threat intelligencemarket size witnessed a lot of partnerships, agreements, andcollaborations by key players from 2015 to 2017. In March 2017, Check Pointjoined Google Cloud Technology Partner Program. Check Point introduced CheckPoint vSEC for Google Cloud Platform, which provides multi-layered security toprotect workloads on cloud and enables secured connectivity between on-premisesenterprise networks and Google Cloud Platform. In February 2016, IBM formed apartnership with Check Point Software Technologies, a leading provider ofcybersecurity solutions. The partnership would share the threat intelligenceplatform, which would help organizations to fight against advanced threats,thereby providing faster incident responses. In July 2016, LogRhythm teamed upwith Unisys Corporation to integrate LogRhythm’s next-generation securityintelligence services with Unisys Stealth, to offer improved threat detectioncapabilities to the clients.
The keyplayers also adopted the strategy of acquisitions to increase and expand theirproduct portfolio to untapped markets. In May 2017, LogRhythm formed aTechnology Alliance Partner (TAP) Program, which includes companies, such asCisco, Carbon Black, Palo Alto Networks, Gigamon, and Check Point. Thisplatform provides enhanced solutions in the security domain. In April 2016, IBMacquired Resilient Systems Inc., a leading provider of incident responsesolutions. This acquisition would enhance the incident response capabilities ofIBM, thus helping clients to defend against cyber breaches. In January 2016,FireEye acquired iSIGHT Partners. This acquisition helped FireEye to create themost advanced private cyber threat intelligence operation in the world.
The majorplayers also launched new products to strengthen their product portfolio andexpanded their offerings to new clients. In June 2017, Dell Technologies(SecureWorks) has enhanced its CTP offering by adding features, such asbusiness-driven context and intelligence, unified visibility, and acceleratedtime to value, with the help of which it can offer strong protection againstcyber threats. In April 2017, FireEye launched FireEye Helix, an intelligence-ledplatform, which would help in making the security operations simpler,integrated, and automated. In November 2016, LogRhythm launched new securityintelligence and analytics platform, LogRhythm 7.2, which offered moreefficient and powerful threat management capabilities. In the same month,FireEye announced the availability of FireEye iSIGHT Intelligence to provideawareness about cyber-attacks and gain valuable information regarding thoseattacks.
Threatintelligence vendors are continuously adding innovations to their solutions andservices to protect sensitive data, applications, networks, and connecteddevices from real-time behavioral anomalies and advanced threats. Furthermore,threat Intelligence solutions and services are being increasingly adopted invarious verticals, such as Banking, Financial Services, and Insurance (BFSI);energy and utilities; government; healthcare; IT and telecom; transportation;manufacturing; retail; and education, which have led to the growth of the marketacross the globe.
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