Threat intelligence technology and services have the capability to improve an organization’s threat responsiveness, situational awareness, and ability to identify threats. Threat mitigation technology intelligence services are used for gathering, analyzing, and filtering raw data about emerging and known threats that are then composed into management data feeds and reports for automated security control systems. Threat mitigation technologies such as CryptoAPI, access control lists (ACL), data protection API and others are used to encrypt and decrypt sensitive data in order to protect them from data breaches.
Threat intelligence solutions offers an efficient and reliable threat detection option to alleviate cyber threats based on security intelligence feeds and security events, reduces potential damage, manages business risks, and improves the entire security infrastructure of an organization. The continuous rise in sophistication and incidence of cyber-attacks over the years has led to an increasing demand for cyber security solutions across various applications such as healthcare, industrial utilities, automotive, telecom, and payment and digital ID cards. Presently, massive data breaches are happening at a disturbing rate and therefore, network and system administrators are confronting an increasingly hostile risk environment. Consequently, this has created huge demand for threat mitigation technology intelligence services among enterprises.
The global threat mitigation technology intelligence services market is mainly driven by the growing adoption of threat intelligence solutions among enterprises in order to reduce threat of data breaches and cyber-attacks. Furthermore, unceasingly growing number of small and medium enterprises around the globe is anticipated to fuel the demand for threat mitigation technology intelligence services. This is primarily because attackers usually target small and medium enterprises to penetrate their applications to retrieve payment details, customer information, and other confidential data.
In addition, growing requirement of managed detection and response services among organizations with an aim to enhance the capabilities of in-house security teams is also accelerating the demand for threat mitigation and technology intelligence services across the world. However, high cost associated with the implementation of threat mitigation technology intelligence solutions and budget constraints are major factors which are restricting the growth of the market across the world. Moreover, lack of technical integration and automation capabilities are also anticipated to hamper the growth of this market around the globe.
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The global threat mitigation and technology intelligence services market can be segmented on the basis of enterprise size, service type, industry, and geography. By enterprise size, the threat mitigation technology intelligence services market is categorized into small and medium enterprises and large enterprises. Based on service type, the threat mitigation technology intelligence services market can be segmented into managed services and professional services (consulting & training, integration & implementation, and maintenance). In terms of industry, the threat mitigation technology intelligence services market is categorized into healthcare, retail, government, energy and utilities, transportation and logistics, education, IT & telecom, media and entertainment, manufacturing, education and others.
Based on region, the global threat mitigation and technology intelligence services market can be segregated into North America, Middle East & Africa, Europe, South America, and Asia Pacific. The threat mitigation and technology intelligence services market in North America is expected to expand at a noteworthy growth rate during the forecast period. This is primarily due to the rapidly growing IoT trend and growing external and internal threats which are anticipated to boost the growth of threat mitigation technology intelligence services market across the region. However, APAC region is estimated to present lucrative opportunities in the threat mitigation technology intelligence services market in the near future.
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Major players operating in the global threat mitigation technology intelligence services market include Symantec Corporation, Fujitsu Limited, Microsoft Corporation, Dell Technologies, Inc., Mcafee LLC, LogRhythm, Inc., IBM Corporation, Check Point Software Technologies Ltd. , Juniper Networks, Inc., MitiTech LLC, DXC Technology Company, and LookingGlass Cyber Solutions, Inc.