Convergence of IT and OT systems along with the exponential rise and sophistication of cyberattacks has Propelled the Growth of the Threat Intelligence Management Market in the North America Region!

• Vikas Kumar
• December 22, 2023
• NEWS, TELECOM & IT
• Threat Intelligence Management Market Analysis, Threat Intelligence Management Market Forecast, Threat Intelligence Management Market Growth, Threat Intelligence Management Market Outlook, Threat Intelligence Management Market Share, Threat Intelligence Management Market Size, Threat Intelligence Management Market Trends
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The convergence of IT and OT systems has led to the integration of operational technology (OT) networks with information technology (IT) networks, resulting in the creation of smart, interconnected systems that can improve efficiency and productivity. The Threat Intelligence Management market is growing in response to these trends. Threat Intelligence Management solutions provide organizations with the ability to collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats and minimize the impact of attacks. These solutions are particularly important in the North America region, which is home to many of the world’s leading organizations and is therefore a prime target for cybercriminals.

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The increasing regulatory focus on cybersecurity in North America, such as the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) standards, is also driving the growth of the Threat Intelligence Management market. These standards require organizations to implement advanced cybersecurity measures to protect critical infrastructure from cyber attacks. Threat Intelligence Management solutions can help organizations meet these requirements by providing them with the tools and information they need to quickly identify and respond to potential threats.

Thus, the convergence of IT and OT systems and the increasing sophistication of cyber attacks are driving the growth of the Threat Intelligence Management market in the North America region. Organizations in this region are increasingly adopting Threat Intelligence Management solutions to improve their cybersecurity posture and protect their critical assets from potential threats.

Further, the North America Threat Intelligence Management Market is expected to grow at a strong CAGR of 14% during the forecast period (2022-2030). North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly owing to the most technologically advanced regions in the world and being home to many of the world’s leading organizations. Organizations face a high risk of cyber-attacks due to the large amount of sensitive data the companies handle and the sophisticated nature of cyber threats. The organizations collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats and minimize the impact of attacks. Additionally, the increasing regulatory focus on cybersecurity in North America, such as the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) standards, is driving the demand for advanced cybersecurity solutions like Threat Intelligence Management. Thus, the demand for threat intelligence management solutions in North America region is increasing as organizations seek to improve their cybersecurity posture and protect their critical assets.

FIG. 1 North America Threat Intelligence Management Market Revenue (2020-2030)- USD Mn

Based on component, the market is bifurcated into Solution {Network, Risk, and Identity Management} and Services {Intelligence Feed and Threat Monitoring}. The solution category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the becoming increasingly important in today’s digital age as organizations face an ever-evolving landscape of cyber threats. With the rise of sophisticated cyber-attacks, organizations need to be able to respond to potential threats quickly and effectively. Threat Intelligence Management enables organizations to collect, analyze, and disseminate threat intelligence information in a timely and efficient manner. This helps organizations identify potential threats, understand their sources and motives, and take proactive measures to mitigate them. Thus, the demand for threat intelligence management solutions is on the rise, as organizations seek to improve their cybersecurity posture and protect their critical assets.

On the basis of deployment, the market is bifurcated into On-Premises and Cloud. Among these, the Cloud is expected to grow with a significant CAGR during the forecast period. This is mainly due to the increasingly popular as organizations move their data and applications to the cloud. The cloud provides organizations with greater flexibility, scalability, and cost-effectiveness, but it also introduces new security challenges. In addition, cloud-based threat intelligence management solutions help organizations to collect, analyze, and disseminate threat intelligence information in real-time, allowing them to quickly respond to potential threats. Additionally, cloud-based solutions offer centralized management, scalability, and reduced overhead costs, making them a more cost-effective option than on-premises solutions. Thus, the demand for cloud-based threat intelligence management solutions is increasing as organizations seek to improve their cybersecurity posture and protect their critical assets in the cloud.

For a detailed analysis of the Global Threat Intelligence Management Market browse through – https://univdatos.com/report/threat-intelligence-management-market/

Global Threat Intelligence Management Market Segmentation

Market Insight, by Component

• Solution
  • Network
  • Risk
  • Identity Management
• Services
  • Intelligence Feed
  • Threat Monitoring

Market Insights, by Deployment

• On-Premises
• Cloud

Market Insights, by Enterprise Type

• SME’s
• Large Enterprises

Market Insights, by Industry

• BFSI
• Retail & E-commerce
• Government & Defense
• Healthcare
• IT & Telecom
• Others

Market Insight, by Region

• North America
  •  U.S.
  •  Canada
  •  Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• APAC
  • China
  • India
  • Japan
  • Russia
  • South Korea
  • Rest of APAC
• Rest of the World

Top Company Profiles

• IBM Corporation
• DXC Technology Company
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• McAfee, LLC
• Cisco Systems, Inc.
• Broadcom
• CrowdStrike
• Dell Inc.
• VMware, Inc.