Threat Intelligence Market to expand at a CAGR of 6.90% by 2032 – Report by Market Research Futu…>
i Crows Newswire – SanjaySingh3083
The global threat intelligence market is projected to grow at a CAGR of 6.90% from 2023 to 2032, reaching a value of over USD 23.5 billion by 2032, according to Market Research Future (MRFR) analysis.
The market refers to the industry that provides threat intelligence services and products, including threat detection, monitoring, and response.
The COVID-19 pandemic has significantly impacted the market, with the increase in remote work leading to higher cyber threats and a greater demand for threat intelligence services.
Cybercriminals have exploited the crisis, forcing threat intelligence providers to adapt and identify new types of threats.
The market is segmented based on component, deployment, organization size, and end-users.
Factors driving market growth include the growing frequency and complexity of cyber threats, regulatory requirements, and the adoption of cloud-based services and IoT devices.
There are opportunities for innovation, such as developing more sophisticated solutions using AI, ML, and big data analytics.
Integration complexities, a shortage of skilled cybersecurity professionals, and the high cost of implementing advanced solutions are some challenges faced by the market.
North America holds a significant market share, followed by Europe and Asia Pacific.
Recent industry updates include partnerships and advancements in AI and ML technologies integrated into threat intelligence systems.
For more detailed information, readers can refer to the full report provided by Market Research Future.
Link: https://icrowdnewswire.com/2023/10/17/threat-intelligence-market-to-expand-at-a-cagr-of-6-90-by-2032-report-by-market-research-future-mrfr/