Threat Intelligence Market Size, Share, Forecast, & Trends Analysis by Offering (Solutions, Services), Type (Operational, Tactical), Deployment Mode, Organization Size, Application (Incident Prevention, Detection & Response, GRC, Vulnerability Intelligence), End-use Industry (BFSI, Healthcare), and Geography—Global Forecast to 2031

The Threat Intelligence Market was valued at $6.2 billion in 2023. This market is expected to reach $16.4 billion by 2031 from an estimated $6.9 billion in 2024, at a CAGR of 13.2% during the forecast period 2024-2031.

Threat Intelligence Market Size & Forecast

The growth of this market is driven by an increasing number of cyber vulnerabilities, the growing adoption of AI-based security analytics tools, and the rising demand for real-time threat data to respond to threat incidents. However, the integration of threat intelligence tools with existing security infrastructure is expected to restrain the growth of this market.

The growing integration of threat intelligence solutions in the healthcare sector and the increasing demand for managed threat intelligence services to enhance security are anticipated to generate growth opportunities in the market. However, misconceptions and a lack of understanding of threat intelligence solutions pose major challenges for the players operating in this market. Furthermore, the rising adoption of IoT devices to identify and address vulnerabilities, along with the increasing incorporation of AI and machine learning to enhance threat intelligence, are prominent trends shaping the threat intelligence market.

Threat Intelligence Market Growth Drivers

Rising demand for Real-time Threat Data to Respond to Threat Incidents

In recent years, organizations have shown a growing demand for real-time threat data to effectively respond to threat incidents. Such data enables security teams to take immediate action to mitigate potential damage. The increasing frequency of cyberattacks necessitates access to up-to-the-minute information on emerging threats and vulnerabilities to stay proactive. Furthermore, real-time insights equip security teams with the necessary context for informed decision-making during incidents, enhancing response effectiveness. Additionally, legal and regulatory requirements across various industries to monitor and respond to threats promptly further drive the need for real-time intelligence.

Moreover, real-time threat data enhances collaboration among teams and promotes information sharing within threat intelligence communities, thereby strengthening collective defense. Many organizations are increasingly integrating threat intelligence into automated security systems, facilitating faster and more efficient responses based on real-time data. For example, in October 2024, Radware Ltd (Israel) announced the expansion of its cloud security platform with the launch of a new Threat Intelligence Service, which provides unique, real-time insights into application and data center threats. Such developments aimed at delivering real-time threat data are expected to drive the demand for threat intelligence solutions during the forecast period.

Threat Intelligence Market Opportunities

Rising Integration of Threat Intelligence Solutions in the Healthcare Sector

The healthcare industry is facing escalating risks from cyberattacks, highlighting the urgent need to protect sensitive patient data. With healthcare organizations managing vast amounts of this information, they become prime targets for cybercriminals, necessitating robust threat intelligence solutions to safeguard against breaches. The sector is experiencing a surge in cyber threats, including ransomware and phishing attacks, which require real-time threat intelligence to effectively combat these challenges. Additionally, threat intelligence solutions offer actionable insights that enhance incident response capabilities, reducing the time required to mitigate threats and ensuring better protection for sensitive data.

Many healthcare organizations are increasingly collaborating with threat intelligence solution providers to enhance collective security through shared insights. Additionally, numerous companies are launching tailored threat intelligence solutions to bolster the cybersecurity posture of the healthcare industry. For example, in June 2024, Kela Research and Strategy Ltd. (Israel) introduced its Third-Party Risk Management (TPRM) module, which is fully integrated into its threat intelligence platform. This new offering aims to strengthen organizational defenses by addressing software supply chain risks. KELA's advanced TPRM module is particularly vital for high-risk sectors, including banking, insurance, IT, healthcare, finance, telecommunications, and aviation. Such developments are expected to significantly drive the demand for threat intelligence solutions within the healthcare industry in the coming years.

Threat Intelligence Market Analysis: Key Findings

The Solutions Segment to Dominate the Threat Intelligence Market in 2024

Based on offering, the threat intelligence market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the global threat intelligence market. This segment's large market share is attributed to the rising adoption of threat intelligence solutions for proactive risk mitigation. There is an increasing demand for these solutions, enabling security professionals to make informed decisions based on the most current data. Additionally, the growing integration of threat intelligence solutions provides actionable insights, allowing security teams to respond more quickly and effectively to incidents.

However, the services segment is slated to register a higher CAGR during the forecast period. This segment's growth is attributed to the rising need for threat intelligence services to identify and address potential threats before they can cause harm, the growing need to facilitate information sharing between organizations to enhance collective defense against cyber threats, and the increasing implementation of services to assist organizations in meeting regulatory requirements by providing insights and documentation.

The Operational Segment to Dominate the Threat Intelligence Market in 2024

Based on type, the threat intelligence market is segmented into strategic, tactical, operational, and technical. In 2024, the operational segment is expected to account for the largest share of the threat intelligence market. This segment's large market share is driven by the growing adoption of operational threat intelligence in response to the increasing frequency and sophistication of cyberattacks. Additionally, the rising implementation of threat intelligence within security operations centers enhances incident detection and response capabilities.

However, the tactical segment is slated to register a higher CAGR during the forecast period. This growth is attributed to the growing need for contextual insights about threats to inform security operations and capabilities and the rising implementation of tactical threat intelligence with security tools to enhance real-time threat detection.

The Cloud-based Segment to Dominate the Threat Intelligence Market in 2024

Based on deployment mode, the threat intelligence market is segmented into cloud-based and on-premises. In 2024, the cloud-based segment is expected to account for the larger share of the threat intelligence market. This segment's large market share is driven by the increasing adoption of cloud-based threat intelligence solutions, which enhance the scalability and adaptability of threat intelligence capabilities. The rising demand for cloud solutions facilitates access to up-to-date threat data, enabling organizations to respond swiftly to threats. Additionally, the growing prevalence of remote work and hybrid IT environments further contributes to this segment’s substantial market share.

Furthermore, the cloud-based segment is slated to register a higher CAGR during the forecast period.

The Large Enterprises Segment to Dominate the Threat Intelligence Market in 2024

Based on organization size, the threat intelligence market is segmented into large enterprises and small & medium-sized enterprises. In 2024, the large enterprises segment is expected to account for the larger share of the global threat intelligence market. This segment's substantial market share is attributed to the increasing demand for threat intelligence solutions in large enterprises, driven by the complexity of their IT environments and the need to manage diverse threats. Additionally, the rising integration of advanced analytics and AI technologies within these organizations enhances their threat detection and response capabilities.

However, the small & medium-sized enterprises segment is slated to register a higher CAGR during the forecast period. The growth of this segment is driven by the increasing demand for threat intelligence solutions among SMEs, which often have smaller security teams and limited budgets. Additionally, there is a rising need for threat intelligence services that enable SMEs to access expert insights without requiring in-house expertise.

The Incident Prevention, Detection & Response Segment to Dominate the Threat Intelligence Market in 2024

Based on application, the threat intelligence market is segmented into incident prevention, detection & response, vulnerability intelligence, business continuity planning and management, ransomware & malware intelligence, phishing intelligence, attack surface intelligence, governance, risk & compliance, and other applications. In 2024, the incident prevention, detection & response segment is expected to account for the largest share of the threat intelligence market. This segment's large market share is attributed to the increasing adoption of threat intelligence for incident prevention and the enhancement of detection and response capabilities. Additionally, there is a rising demand for more effective resource allocation to optimize these detection and response efforts.

However, the business continuity planning and management segment is slated to register the highest CAGR during the forecast period. This segment's large market share is attributed to the growing adoption of threat intelligence for incident prevention and the improvement of detection and response capabilities. Furthermore, there is an increasing demand for more efficient resource allocation to optimize these detection and response efforts.

The BFSI Segment to Dominate the Threat Intelligence Market in 2024

Based on end-use industry, the threat intelligence market is segmented into IT & telecommunications, BFSI, retail & E-commerce, healthcare, manufacturing, travel & hospitality, media & entertainment, education, government & public sector, and other end-use industries. In 2024, the BFSI segment is expected to account for the largest share of the global threat intelligence market. This segment's large market share is driven by the increasing adoption of threat intelligence solutions in the BFSI sector to bolster cybersecurity measures and safeguard sensitive financial data. Additionally, there is a growing demand for threat intelligence among financial institutions to enhance their security protocols and protect critical information. The rising implementation of these solutions in banks further aims to mitigate cyber threats impacting operations and customers' accounts.

However, the healthcare segment is slated to register a higher CAGR during the forecast period. This segment's growth is attributed to the increasing adoption of telemedicine devices and remote healthcare services, the rising number of cyberattacks, and the growing need for securing connected medical devices and effective cloud security measures.

Geographical Analysis

North America to Dominate the Threat Intelligence Market in 2024

In 2024, North America is expected to account for the largest share of over 36% of the global threat intelligence market. North America’s large market share is driven by the rising challenges of data theft and increased cyberattacks within organizations. The growing adoption of IoT devices among numerous global financial institutions and internet users further contributes to this trend. Additionally, ongoing initiatives by both governments and private companies to deliver advanced threat intelligence solutions for organizations in the region play a key role in this growth.

However, Asia-Pacific is slated to register the highest CAGR of over 14.5% during the forecast period. This market's growth can be attributed to the rising prevalence of threats and cyber-crime activities targeting software applications, along with the growing demand for mobile and web applications. Moreover, the expanding regulatory landscape, including data protection laws and cybersecurity regulations, is prompting organizations in APAC to invest in comprehensive threat intelligence platforms.

Threat Intelligence Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the threat intelligence market are CrowdStrike Holdings, Inc. (U.S.), Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), Palo Alto Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), SOCRadar, Inc. (U.S.), Proofpoint, Inc. (U.S.), Check Point Software Technologies Ltd (Israel), Mandiant, Inc. (A part of Google LLC) (U.S.), ZeroFox, Inc. (U.S.), S.C. BITDEFENDER S.R.L. (Romania), Flashpoint (U.S.), ThreatConnect, Inc. (U.S.), AO Kaspersky Lab. (Russia), and Anomali, Inc. (U.S.).

Threat Intelligence Market Industry Overview: Latest Developments from Key Industry Players

• In August 2024, International Business Machines Corporation (IBM) (U.S.) introduced a generative AI-powered cybersecurity assistant aimed at accelerating and improving the identification, investigation, and response to critical security threats. IBM consulting analysts leveraged threat detection and response services to enhance and streamline security operations for their clients.
• In October 2023, CrowdStrike Holdings, Inc. (U.S.) partnered with Box, Inc. (U.S.) to integrate Box’s secure content management and collaboration features with CrowdStrike's solutions for automated access control, threat detection, and prevention.
• In February 2023, AO Kaspersky Lab introduced the Kaspersky Threat Intelligence service, featuring a suite of enhanced feeds designed to offer deeper insights into the behavior, tactics, techniques, and procedures of cyberattacks, irrespective of region or language.
• In October 2022, BlackBerry Limited (Canada) launched its new Cyber Threat Intelligence (CTI) offering, a professional service designed to assist customers in preventing, detecting, and effectively responding to cyberattacks.

Threat Intelligence Market Research Summary

Key questions answered in the threat intelligence market report: