The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Size and Growth

• The cyber threat intelligence market has seen significant growth in recent years.
• It expanded from $9.51 billion in 2023 to $11.58 billion in 2024, reflecting a compound annual growth rate (CAGR) of 21.7%.
• Factors driving this growth include:
  • Rise of cyberattacks
  • Increased malware incidents
  • Escalated cyber espionage activities
  • Growth in connected devices
  • Increased internet users

Future Market Projections

• The market size is expected to reach $25.68 billion by 2028, with a CAGR of 22.0%.
• Growth drivers in the forecast period include:
  • Projected increase in cyber threats
  • Growing sophistication of cyber attacks
  • Expansion of digital ecosystems
  • Rapid growth of cloud services
  • Increasing regulatory pressures
• Major trends anticipated:
  • Integration of artificial intelligence
  • Automation
  • Real-time threat intelligence
  • Cloud-based threat intelligence solutions

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The Rise of Cyber Threat Intelligence Amid Sophisticated Attacks

Increasing Sophistication of Cyberattacks

• Cyberattacks are becoming more advanced and are aimed at disabling, damaging, or gaining unauthorized access to digital systems.
• This sophistication is driven by advancing technology, increased connectivity, and the high value of digital assets.
• Cyber threat intelligence (CTI) helps in understanding the tactics, techniques, and procedures (TTPs) of cyber adversaries, crucial for defending against these threats.
• Example statistics:
  • In February 2023, the Australian Cyber Security Centre reported 76,000 cybercrime incidents, a 13% increase from the previous year.
  • The US witnessed 847,376 cybercrime complaints in 2021, up 7% from 2020, with losses exceeding $6.9 billion.

Major Players in the Cyber Threat Intelligence Market

Key Companies

• The market features several prominent players, including:
  • Dell Technologies Inc.
  • Siemens AG
  • International Business Machines Corporation
  • Cisco Systems Inc.
  • Broadcom Inc.
  • Honeywell International Inc.
  • Palo Alto Networks Inc.
  • Parsons Corporation
  • Optiv Security Inc.
  • Check Point Software Technologies Ltd.
  • Trend Micro Incorporated
  • CrowdStrike Holdings Inc.
  • FireEye Inc.
  • Kaspersky
  • Rapid7 Inc.

Advanced Cyber Threat Intelligence Services

The Role in Enhancing Cybersecurity

• Companies are introducing advanced solutions to gain a competitive edge.
• Advanced cyber threat intelligence services provide comprehensive insights into threats, vulnerabilities, and adversarial activities.
• For instance, BlackBerry Limited launched a new Cyber Threat Intelligence (CTI) service in December 2022, aiming to help customers prevent, identify, and respond to cyberattacks.
• This service reduces cybersecurity risks, improves detection and response, and offers actionable threat intelligence.

Strategic Acquisitions

• In February 2023, Accenture PLC acquired Morphus, a Brazil-based cyber threat intelligence services provider.
• This acquisition aims to enhance Accenture’s cybersecurity capabilities and expand its presence in Latin America.
• Morphus specializes in advanced cybersecurity solutions, focusing on attack detection and response.

Market Segmentation and Regional Insights

Product Segmentation

• The market is segmented into:
  • Software Product
  • Hardware Product

Deployment Segmentation

• Deployment methods include:
  • Cloud
  • On-Premise

Application Segmentation

• Key applications are:
  • Bank
  • Government
  • Enterprise
  • Other Applications

Regional Insights

• North America was the largest region in the cyber threat intelligence market in 2023.
• Asia-Pacific is projected to be the fastest-growing region during the forecast period.

The cyber threat intelligence market is set for robust growth, driven by increasing cyber threats and advancements in threat detection technologies. Major companies are enhancing their offerings through advanced services and strategic acquisitions, positioning themselves to tackle the evolving cyber threat landscape effectively.

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The Cyber Threat Intelligence Global Market Report 2024  provides an overview of the cyber threat intelligence market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cyber threat intelligence market forecast analyzes cyber threat intelligence market size, cyber threat intelligence market share, leading competitor and their market positions.

The Table Of Content For The Cyber Threat Intelligence Market Include:
1. Cyber Threat Intelligence Market Executive Summary
2. Cyber Threat Intelligence Market Segments
3. Cyber Threat Intelligence Market Size And Cyber Threat Intelligence Market Growth Rate
4. Key Cyber Threat Intelligence Market Trends
5. Major Cyber Threat Intelligence Market Drivers
……
25. Key Mergers And Acquisitions In The Cyber Threat Intelligence Market
26. Top Cyber Threat Intelligence Companies
27. Cyber Threat Intelligence Market Opportunities And Strategies
28. Cyber Threat Intelligence Market, Conclusions And Recommendations
29. Appendix

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