BFSI Industry to Witness Significant Growth in India Threat Intelligence Market During Forecast Period
Emergence of next-generation
security solutions, growing incidences of security breaches and rising
cybercrimes to drive the growth of India threat intelligence market
According
to TechSci Research report, “India Threat Intelligence Market By Component, By
Deployment Mode, By Format Type, By Organization Size, By Application, By End
User Industry, By Region, Competition, Forecast & Opportunities, 2025” the India threat intelligence market is expected to grow
at a formidable rate through 2025 owing to the rising adoption by the SMEs,
increasing adoption of crowd sourced threat intelligence stages and growing implementation
of threat intelligence solutions across various end user industries. Additionally,
increasing in government regulations regarding data security are further expected
to propel the market over the coming years. However, high costs of installation,
low data security budget and lack of skilled labor can hamper the growth of
market during forecast period. Additionally, issues related to the
operationalization of threat intelligence data can further restrict the growth
of market during forecast period.
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The India threat intelligence market is segmented based on component,
deployment mode, format type, organization size, application, end user
industry, company and region. Based on component, the market can be divided
into solutions (threat intelligence platforms, SIEM, IAM, SVM, risk and
compliance management, incident forensics) and services (managed and
professional). The SIEM solutions segment is expected to dominate the market
owing to the increasing need to speed up the threat detection process. The SIEM
technology uses event discovery and correlation mechanisms to speed up the
network event monitoring process by combining the error logs & alerts into
a unified solution. Based on format type, the market can be categorized into internet-based
solution, file-based solution, mobile-based solution. The file-based solution
is expected to witness significant growth on account of the technological
advancements in the connectivity infrastructure. The emergence of
next-generation communication technologies such as 5G and 4G has also enabled
companies to download large files, thereby promoting the use of the file-based
solution market. Based on application, the market can be fragmented into information
security management, log management, risk management, identity
& access management and others. The identity & access management
(IAM) segment is expected to grow during the forecast period attributable to
the widespread adoption of advanced technologies such as BYOD, IoT and cloud
computing. Based on end user industry, the market can be segmented into BFSI,
IT & telecom, retail, manufacturing, healthcare and others. The BFSI
industry is expected to witness significant growth during the forecast period.
This can be ascribed to the widespread digitalization & online banking.
IBM India Private Limited, Oracle
India Private, Ltd, Trend Micro India Pvt. Ltd., Dell Technologies India, CISCO
System India Pvt. Ltd, Juniper Networks, Inc., Symantec Software India Pvt.
Ltd., FireEye and others are some of the leading players
operating in India threat intelligence market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“India
threat intelligence market is to witness significant growth during the forecast
period owing to the increasing IoT adoption in defense & security sector and
growing internal and external threats. Additionally, SMEs as well as
large-scale organizations in the country have become more aware of the
increasing cybercrimes and have started adopting threat intelligence solutions
and services to combat them.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Threat Intelligence Market By Component, By
Deployment Mode, By Format Type, By Organization Size, By Application, By End
User Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India threat
intelligence market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India threat intelligence market.
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