Fast Facts: 1 Vertical Propelling Threat Intelligence Market

In the fast-paced It industry, new statistics and data are released daily. Each week, Enterprise Mobility Exchange publishes Fast Facts, taking a look at interesting or noteworthy information impacting businesses.

Enterprises can’t stop a threat if they can’t see it coming, and thus the Threat Intelligence Market by solution is poised to make a tremendous jump in the next half decade.

According to a new report by Markets and Markets, the Threat Intelligence market by solution, service, deployment mode, organization size, vertical, and region will see a CAGR of 18.4% from 2017 to 2022, leaping from $3.83 billion to $8.94 billion.

One industry stands above the rest when it comes to threat intelligence needs – Banking, Financial Services, and Insurance – or BFSI. “The BFSI industry frequently keeps introducing new and improved financial products and services to improve its business operations. The BFSI sector is required to prioritize threat intelligence solutions and services, as the vertical is moving ahead in terms of smart banking, internet banking, and mobile banking options to make banking transactions easier for customers,” the report said.

While North America accounts for the largest market share during the growth period, the APAC region will grow at the highest CAGR.

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