Threat intelligence platform is mainly for SaaS or on-premise solution to detect malicious activities inside the corporate network, so as to facilitate the management of cyber threat intelligence and related entities, such as actors, campaigns, incidents, signatures, bulletins, and tactics, techniques and procedures (TTP). Nowadays, there are more and more cyber threats, which complexity is increasing exponentiall, so threat intelligence platforms are increasingly becoming a key security tool.
Based on the product type, the threat intelligence platform is primarily split into on-premise and cloud based. On-premises is the software and technology located within the physical scope of the enterprise, usually in the data center of the company, rather than running remotely in a hosted server or cloud. By installing and running software on the company internal hardware, Internet technology (IT) employees can physically access data and can directly control the configuration, management, and security of computing infrastructure and data. Cloud-based is a term refer to applications, services or resources that are provided to users on demand from the cloud computing servers of provider via the Internet. Companies usually use cloud-based computing to increase capacity, enhance functionality or add other services as needed, without having to bear potentially expensive infrastructure costs or increase existing internal support staff. In 2020, the share of on-premise deployment in the global threat intelligence platform market is 61.12%, and its market is expected to reach US$7643.76 million in 2026 from US$3909.92 million in 2020.
The downstream application areas of threat intelligence platforms mainly include IT and telecommunications, government, energy industry, BFSI. Due to the need to identify a large amount of personal information, the government, IT and telecommunications have always been the best choices for hackers. Once successful, they will be able to easily obtain huge benefits. Among them, IT and telecommunications market has the largest market share, accounting for 32.26% in 2020. Revenue in this field is expected to reach US$445 million by 2026, with a compound annual growth rate of 13.66% from 2020 to 2026.
The traditional approach is that the entire team uses various processes and tools for incident response, cyber defense, and threat analysis. The integration and sharing of threat data between these teams is usually a manual process that relies on email, spreadsheets, or portal ticketing systems. Threat intelligence platforms can detect the existence of threat actors, prevent and deal with their attacks or reduce their infrastructure. With obvious advantages and high efficiency, it has become the best choice for all walks of life to deal with threat intelligence.
COVID-19 Will Not Affect the Development of the Threat Intelligence Platform Industry
North America was the largest revenue market with a market share of 40.76% in 2015 and 41.56% in 2019, an increase of 0.80%. In 2019, the Europe market share was 29.24%, ranking second. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the global threat intelligence platform market.
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Global threat intelligence platform companies are mainly from the United States, with the moderate industry concentration. There are many well-known international companies operating in this industry for many years. The top three companies are IBM Corporation, Symantec Corporation, and McAfee LLC, with revenue market shares of 10.62%, 8.64%, and 7.97% in 2019. Due to the increasingly strong downstream demand, the industry is in a growth stage, attracting many new investors to enter the market.
In a short period of time, due to the outbreak of COVID-19, the market and consumer behavior have undergone tremendous changes. From the crowds in supermarkets to the cancellation of the most important events in the world, to the temporary suspension of non-essential businesses, the epidemic has had a huge impact on the economy and society. However, threat intelligence platforms are mainly conducted online, so they have flourished during the epidemic, with market growth rate as high as 21.55% in 2020. Second, according to the FBI report, due to the transfer of office work to personal residences, cyber crime increased by 300% during the epidemic. The political turmoil brought about by the epidemic has posed a serious threat to countries and further promoted the market expansion of the industry.
The Threat Intelligence Platform Market is Inseparable from the Development of the Internet
The network security situation has become a problem that enterprises have to face, while the development of enterprises is inseparable from automation and digitization. The large amount of data attracts criminals to use loopholes to steal information or other malicious means to make huge profits. With the development of technologies such as artificial intelligence and the Internet of Things, human reliance on the Internet and the frequency of online office learning will only increase, thus cyberattacks may cause greater negative effects. It can be seen that the demand for network security has driven the development of the industry.
With modern technology is integrated into daily office work of government, government may face greater threats. In order not to affect the privacy of the people and maintain the image and credibility of the government, the government may increase investment in this area. Therefore, the demand for threat intelligence platforms will continue to grow.
According to research, the total revenue of the global threat intelligence platform market in 2015 was 2860.70 million U.S. dollars, and it increased to 5263.13 million U.S. dollars in 2019. The growth of the global threat intelligence platform market is driven by downstream demand markets. Global economic development, increasing population, and increasing market demand are playing an active role in the expansion of the global threat intelligence platform market. We predict that by 2026, the market value of global threat intelligence platforms can reach USD 13597.47 million. The compound annual growth rate of the global threat intelligence platform from 2020 to 2026 is 13.39%.
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