The mobile-based solutions segment in the threat intelligence market will grow at a CAGR of over 18% during the projected timeline. The growth is attributed to the rising cyber-attacks on smartphones to gain access to confidential data. It is estimated that the number of new mobile malware variants grew by 54% in 2017 compared to 2016. Also, around 63% of sensitive information including phone numbers was leaked by mobile apps and 37% apps revealed devices’ locations. This threat data acts as an important source for data gathering agencies, enabling them to understand the threat landscape and providing recommendations to mitigate them.
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The exponential growth graph depicted by the global threat intelligence market in the recent years can undoubtedly be credited to the massive surge in the number of connected endpoints. Presently, there are more than 3 billion end-users across the world that are connected to the Internet, while connected-devices are anticipated to surpass the 50 billion mark by year 2020. Having understood the dependency of these endpoints on the Internet to be able to interact with each other, cybercriminals have been exploiting the reliance to obtain an unauthorized access to the connected endpoint devices to undertake numerous malicious activities.
Increased adoption of BYOD and IoT has also given rise to intrusions and attacks, exposing business-critical information. It is estimated that in 2017, Telnet and HTTP were the most targeted IoT services. Rising incidents of attacks facilitate the adoption of threat intelligence platforms, which gather massive amounts of threat data, perform analysis, and provide actionable insights in the form of feeds and alerts. Furthermore, various favorable government-led initiatives worldwide to boost cybersecurity will also fuel threat intelligence market growth.
The BFSI threat intelligence market held most of the market share of around 30% in 2018 and is expected to maintain a dominant position during the forecast period. Proliferation of digital platforms in the banking institutions has resulted in an increase in cyber vulnerabilities, exposing sensitive data to hackers and intruders. To address the rising vulnerabilities, these institutions need proactive threat intelligence solutions to identify compromised network resources and build an effective strategy to combat existing and emerging threats.
The Asia Pacific threat intelligence market is projected to grow at a CAGR of over 16% during the forecast period. In this region, penetration of smartphones and the growing adoption of IoT are triggering the cybercrime. According to the CNNIC, at the end of December 2017, the number of internet users in China reached 772 million, which is an increase of 40.74 million from the end of 2016. The rise in the number of connected devices has increased the attack surface. This drives the need to have robust threat intelligence solutions to address the attacks. Also, various government initiatives to speed up the digital transformation also increased the frequency and sophistication of online attacks. The countries including China, India, Singapore have introduced several cybersecurity policies and reforms to ensure stronger data protection.
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Attributing to these three determinants, it is unmistakably clear, that the global threat intelligence industry would be witnessing tremendous growth in the years to come. In fact, according to a report by Global Market Insights, Inc., the overall threat intelligence market size is slated to surpass the $13 billion renumeration mark by 2025.
Some Points From Table Of Content: –
Chapter 6. Global Threat Intelligence Market, By Format Type
6.1. Key trends, by format type
6.2. Internet-based solution
6.2.1. Market estimates and forecast, 2014 – 2025
6.3. File-based solution
6.3.1. Market estimates and forecast, 2014 – 2025
6.4. Mobile-based solution
6.4.1. Market estimates and forecast, 2014 – 2025
Chapter 7. Global Threat Intelligence Market, By Deployment Model
7.1. Key trends, by deployment model
7.2.1. Market estimates and forecast, 2014 – 2025
7.3.1. Market estimates and forecast, 2014 – 2025
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