DALLAS – The threat intelligence security market size is expected to grow from more than $3 billion in 2015 to $5.86 billion by 2020 at a compound annual growth rate (CAGR) of 14.3%, according to a report distributed by researchandmarkets.com.
RELATED: Former NSA Director Raises $32.5M for Cybersecurity Startup IronNet Cybersecurity
To combat sophisticated threats to enterprise networks, organizations are taking countermeasures by implementing threat intelligence security solutions against advanced, persistent threats, zero-day malwares, and other undisclosed threats to protect critical information thefts.
An increase in the number of sophisticated threats and the growing government compliance on data security are the main drivers of the threat intelligence security market. The lack of awareness about advance security threats is a major restraint of the threat intelligence market. The major challenge in this market would be the dynamic nature of advanced threats attacking the enterprise networks, according to the report.
RELATED: PSA Security Network Forges Vendor Partnerships to Advance Cybersecurity
The report also provides an in-depth analysis of the threat intelligence security market across the solutions, services, deployment types, organization size, verticals and regions. The geographical segmentation covers North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America.
Among all the regions, North America holds the largest market share in the threat intelligence security market, whereas APAC is the fastest-growing growing region. Small and medium businesses in APAC are rapidly adopting cloud-based threat intelligence solutions, which is driving the market in this region.
