The threat intelligence market has been forecast by Global Market Insights to increase from $4bn in 2018 to $13bn by 2025.
The report, Threat Intelligence Market Growth 2019–25 Industry Share Report, found that the market's growth was being fueled by the continued rise in the number of connected endpoints. With more than three billion end users currently connected to the internet, the number of connected devices on the internet is expected to increase to 50 billion by 2020.
Threat intelligence solutions aim to safeguard networks from unauthorized access and
cybercriminals who exploit connected endpoint devices to carry out malicious activities across the internet. Companies operating within the threat intelligence market include Accenture, Palo Alto Networks, McAfee, Oracle, Kaspersky Lab and IBM, and the market features a lively and growing startup scene.
A rise in cyberattacks across the globe has seen the industry counter the threat, as regulatory bodies introduce data protection directives, as governments increase their focus on data protection.
The mobile-based solution threat intelligence market is expected to attain a CAGR of more than 18% over the forecast period, while in the IAM market it will grow at a CAGR of more than 14%.
"The emergence of digital technologies has encouraged enterprises to build data-driven business models, making their businesses more agile, flexible and scalable," said Global Market Insights. "However, this exposes organizations to insider attacks and privacy threats. This is encouraging enterprises to adopt IAM solutions to reduce the risks associated with advanced technologies."
Elsewhere, the incident forensics segment in the threat intelligence market has been predicted to reach a CAGR of more than 15% over the forecast period, driven by the rising adoption of incident forensics among SMEs.
Within the healthcare industry, the threat intelligence market is expected to grow at a CAGR of more than 13% between 2019–25, while in the Asia-Pacific region it will experience growth at a CAGR of 17% over the same period, the report revealed.