Threat Intelligence Market Growth and Technology Advancement 2023

The demand for threat intelligence is growing with increase in the instance of cyber-attacks. The cyber-attackers are using sophisticated tools, which are available at cheap rates on the dark web. Threat intelligence is a discipline that helps enterprises to have deep driven information and actionable insights, which will help to detect and protect against advanced cyber-threats.

Threat intelligence players are providing security feeds which can also be integrated with security solutions such as security information and event management, security and vulnerability management, user and entity behavior analytics, and others. Threat intelligence vendors help customers by offering them driven intelligence and data on threat data aggregation, threat hunting, spear phishing fraud intelligence, incident forensics, breach investigation, brand protection, and insider threat monitoring.

The threat intelligence platforms segment is projected to grow at the highest CAGR in the Threat Intelligence Market. With increasing instances of cyber-attacks and demand for proactive security, threat intelligence platforms have witnessed a high growth. The threat intelligence platform is a software that organizes one or more feeds into a single stream of threat intelligence. It collects indicators of compromise from various threat feeds, visualizes relevant threat information, and correlates it with telemetric information. With the integration of machine learning and Artificial Intelligence (AI) algorithms in the platforms, the demand for threat intelligence platforms have increased.

The Banking, Financial Services, and Insurance (BFSI) vertical is projected to grow at the highest CAGR in the threat intelligence market. Due to the early adoption of IoT applications and the growing usage of web and mobile applications for banking transactions and payments, the solutions for threat intelligence are being widely adopted across the BFSI vertical. The rise in adoption of Bring Your Own Device (BYOD) and Internet of Things (IoT) trends and the increasing number of security breaches targeting both web and mobile applications have increased the adoption of threat intelligence solutions and services in the BFSI vertical.

The threat intelligence solution and service providers are offering advanced threat intelligence solutions with the AI, machine learning, and big data analytics capabilities. These solutions are helping global organizations derive customized threat intelligence from huge volumes of data efficiently. Additionally, the rise in adoption of cloud applications is providing growth opportunities to threat intelligence solution providers to offer cloud-based threat intelligence solutions and services.