Asia-Pac threat intelligence market to grow at a CAGR of 19.3 per cent by 2023

Internet Security System

According to international market analysts Research and Markets, the threat intelligence market in Asia Pacific (APAC) is expected to register a CAGR of 19.3 per cent during the forecast period (2017 – 2023). Threat intelligence is a cyber-security related area of expertise, which is used to understand sophisticated cyber threats and their detection, analysis, and predictive remediation.

Threat intelligence solutions are used to effectively and reliably detect threats and negate the same considering security events and security intelligence feeds, managing business risks, reducing potential damage, and improving organisations’ entire security infrastructure.

The report points out that the APAC region is a potential region, as there is a rapid expansion of various industry segments. The levels of awareness among the SMEs as well as large-scale organisations in the APAC region have increased significantly pertaining to the cyber-crimes; therefore, the adoption of threat intelligence solutions and services is very high in the region. Nevertheless, the cost associated with innovation and budget constraints may limit the market growth.