Threat Intelligence Market Trends

Growth Drivers

• Proliferation of IoT and connected devices: The increasing use of the Internet of Things across several industries is fueling the need for advanced and reliable threat intelligence technologies. The companies relying on IoT devices to carry out their daily operation are investing in threat intelligence solutions to secure their connected ecosystems. In North America and Asia Pacific, the manufacturing and healthcare sectors are leading the adoption of IoT solutions, creating a profitable environment for threat intelligence technology producers.

• Growing awareness among SMEs: The increasing adoption of digital technologies among small and medium-sized enterprises (SMEs) is expected to double the revenues of threat intelligence technology companies in the coming years. The rising cybercrime awareness is necessitating SMEs to increase their security budgets, creating fruitful earning chances for key market players. The favorable government policies and funding are expected to drive the adoption of advanced and reliable threat intelligence solutions among SMEs.

Technological Innovations in the Threat Intelligence Market

The technological advancements are set to propel the profit shares of threat intelligence companies in the coming years. The data thefts and security concerns are fueling the sales of innovative threat intelligence solutions.

AL and ML Integration in the Threat Intelligence Market

The integration of AI and ML is poised to boost the productivity and effectiveness of threat intelligence software platforms. The tech-savvy end users are set to lead the sales of AI and ML-powered threat intelligence systems in the years ahead.

Restraints

• Fragmented regulatory policies: The uneven regulatory polices across the world are leading to delays in new market entries. According to the analysis by the World Trade Organization (WTO), the varying standards across jurisdictions increase the compliance costs by 16-20% for ICT entities. Due to these factors, many small and new companies hesitate to invest in the threat intelligence business. The in-house international legal advisory teams are estimated to aid threat intelligence companies in overcoming fragmented regulatory policy issues.

• Lack of digital infrastructure: The poor digital infrastructure in the underdeveloped markets is poised to lower the adoption of threat intelligence technologies. The outdated or conventional infrastructure also restricts the sales of threat intelligence systems in price-sensitive markets. The lower budgets don’t allow governments in these economies to enhance their digital infrastructure, hindering the revenue growth of threat intelligence technology companies.