Targeted cyberattacks and advanced persistent threats (APTs) are on the rise, but organizations are still struggling to derive quality information from huge volumes of threat data. As a result, SMBs have begun deployed threat intelligence platforms to secure their organizations from emerging threats and vulnerabilities.
SMBs tend to be more susceptible to advanced cyberattacks such as ransomware, botnets, zero-day attacks, and APTs due to financial constraints. Asia-Pacific is expected to drive much of the growth in the market with both SMBs and large enterprises becoming increasingly concerned about cybercrime and adopting threat intelligence products and services to combat them.
The threat intelligence market is expected to grow from $5.3 billion in 2018 to $12.9 billion in 2023 at a compound annual growth rate of 19.7 percent, according to ResearchAndMarkets.com. Although Asia-Pacific is growing the most quickly, North America continues to have the largest market share.
Here's a look at 10 threat intelligence platforms that are taking the market by storm this year.