Threat Intelligence Market Expected to Reach $29.7 Billion by 2032

According to a new report published by Allied Market Research, titled, “threat intelligence market size, by Component (Solutions, Services) , by Application (Security Information and Event Management, Government, Risk and Compliance, Business Continuity Planning and Management) by Deployment Mode (On-premise, Cloud) by Enterprise Size (Large Enterprises, SMEs) by Industry Vertical (IT and Telecom, BFSI, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032" was valued at $5.1 billion in 2023, and is projected to reach $29.7 billion by 2032, growing at a CAGR of 21.6% from 2024 to 2032.

One prominent trend is the integration of artificial intelligence (AI) and machine learning (ML) to enhance threat detection and prediction, enabling organizations to respond more swiftly to potential attacks. Additionally, there is a rising demand for threat intelligence platforms that offer automated threat hunting and incident response capabilities, reducing the dependency on manual processes. Another critical trend is the shift towards collaboration and information sharing among organizations and industries, facilitated by threat intelligence sharing platforms and alliances. This collective approach helps in identifying and mitigating threats more effectively. The increasing adoption of cloud-based threat intelligence industry services also reflects the need for scalable and flexible solutions that can address the dynamic nature of modern cybersecurity challenges. Moreover, the focus on geopolitical risks and nation-state-sponsored attacks is driving the development of more advanced and comprehensive threat intelligence solutions tailored to specific industries and regions. 

Moreover, hybrid threat intelligence, which combines on-premises infrastructure with public and private cloud services, is gaining traction as it offers greater flexibility and control over data. Additionally, the adoption of multi-cloud strategies, where organizations use multiple cloud services from different providers, is on the rise to avoid vendor lock-in and ensure redundancy. Enhanced security features, such as encryption and advanced threat detection, are becoming standard to protect sensitive data. The combination of these factors ensures that the market will witness substantial growth in the forecast period. 

On the basis of the component, the solution segment is expected to grow at the highest growth rate during the forecast period. This growth can be attributed to the increasing demand for comprehensive threat intelligence solutions that offer robust data management, security, and integration capabilities. However, the service segment is expected to exhibit the highest growth during the forecast period, driven by several factors. The need for customized digital experiences, continuous technical support, and effective training programs is driving this segment's expansion. 

On the basis of region, North America attained the highest growth in 2023. The presence of prominent players such as Amazon Web Services, Inc., Dell Technologies Inc., Google, Inc., and others has influenced the growth of the threat intelligence market forecast in North America. Moreover, the rise in government initiatives to strengthen cloud infrastructure across the region is further expected to drive the demand for threat intelligence solutions.  However, Asia-Pacific is projected to be the fastest-growing segment during the forecast period, owing to the availability of cost-effective digital solutions and the rise in the amount of data generation across organizations. In addition, the proliferation of advanced technologies escalates system safety and reduces delays in smart operations. 

Furthermore, the rise in the trend of cloud computing in several industries including the cyber threat intelligence industry is anticipated to create numerous opportunities for market growth. As cloud-based solutions offer scalability, flexibility, and accessibility, that enhance business operations. For instance, in May 2024, Google LLC launched ‘Google Threat Intelligence’ powered by AI-powered agent Gemini 1.5., the intelligence provides conversational search across the vast repository of threat intelligence market analysis, enabling customers to gain insights and protect themselves from threats faster than ever before. Therefore, numerous strategies adopted by businesses further help to accelerate the global threat intelligence market growth globally. 

KEY FINDINGS OF THE STUDY 

• By component, the solutions segment accounted for the largest threat intelligence market size in 2023. 

• By application, the security information and event management segment accounted for the largest threat intelligence market share in 2023. 

• By deployment, the on-premise segment accounted for the largest threat intelligence market share in 2023. 

• By organization size, the large enterprises segment accounted for the largest threat intelligence market share in 2023 

• By industry vertical, the IT & telecom segment accounted for the largest threat intelligence market share in 2023 

• Region wise, North America generated the highest revenue in 2023. 

The market players operating in the threat intelligence market are Anomali, Inc., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike, Inc., IBM Corporation, Juniper Networks, Inc., McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the threat intelligence market globally.