The global threat intelligence market is set for steady growth for providers, reaching nearly $16 billion by 2026.
That’s according to a new MarketsandMarkets report, which expects a compound annual growth rate of 6.5%. The market was worth $11.6 billion last year.
Key threat intelligence players include IBM, Cisco, Trend Micro, Mimecast, VMware, AT&T, Check Point Software Technologies, Broadcom and more.
R&D investments by governments and enterprises are fueling market growth, as well as increasing demand for professional and managed security services. In addition, increasing venture capital funding and growing investments are moving the needle forward.
The IT and IT enabled services (ITeS) vertical should hold the largest market share through 2026. It includes IT solution and service providers, consulting companies, ISPs and communication companies. This vertical is constantly evolving in terms of the use of technologies. In addition, it’s an early adopter of innovative technology solutions.
IT and ITeS require large-scale solutions due to the large amount of information produced daily. The increasing integration of information and communications technology (ICT) with the daily activities of industries, families, governments and consumers, along with the rising growth of cybersecurity, has led this vertical to focus more on IT activities.
Among regions, North America should hold the largest market share through 2026. North America has several prominent market players delivering solutions to all end-users in the region.
The United States and Canada both have strong economic conditions and should be major contributors to markets growth. The geographical presence, significant R&D activities, partnerships and M&A are the major factors for deploying threat intelligence and services.
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