Increasing Adoption of Threat Intelligence Solutions among SMEs
There is an increasing demand for incident forensics, mainly in small and medium enterprises (SMEs), due to increasing incidences of cyber-attacks on these enterprises, as well as to install threat intelligence solutions. SMEs, though small in their size, cater to a large number of consumers, globally. Weak cybersecurity and financial constraints make the organization more prone to attacks, such as ransom ware, zero-day attacks, etc., as there are no dedicated security solutions, thus, posing a challenge to save their networks, data, and systems. Thus, incident forensics are implemented mostly by SMEs as it saves time and lowers costs, helping organizations in protecting their digital assets, which attackers try to gain through compromise.
IT Sector to Augment the Growth
IT service providers rely on various databases to provide solutions, thus, attack on these organizations can be serious for businesses. In the recent years, this sector has encouraged the trend of work-from-home, enterprise mobility, and BYOD (bring-your-own-device), which makes it prone to cyber-attacks. Since there is a lack of testing solutions for BYOD and other mobile devices, they are more prone toward external networks, thus, increasing the need for incident forensics services. Companies, such as IBM, have designed a software, named IBM Security QRadar Incident Forensics, to give enterprise IT security team better visibility into security incident-related network activities.
North America to Have the Largest Share
North America is accounted to have the largest market share and is expected to grow at a substantial rate during the forecast period, mainly due to ongoing technological advancements in the region and the need to save organizations from cybercrimes. Asia-Pacific includes emerging economies, such as India, China, Australia, and Japan, which are rapidly deploying threat intelligence solutions, and thus, the region is expected to witness the highest CAGR during the forecast period. Both SMEs and large-scale organizations in this region have become more aware of the increasing cyber-attacks and have started adopting incident forensics solution to combat them.
Key Developments in the Market
- January 2018 - Cyber X had launched ICS threat monitoring app for QRadar, which encourages IBM security intelligence technology to permit a unified approach to IT and Operational Technology (OT) security in the corporate system on a chip (SOC).
Reasons to Purchase the Report
- Analyzing the advancements in the incident forensics market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Identifying the type of service and end user that are expected to dominate the market
- Identifying the regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Growing Demand for Security and Privacy of Data Due to Outsider Attacks
4.2.2 Increasing Adoption of Threat Intelligence Solutions among Small & Medium Enterprises
4.3 Factors Restraining the Market
4.3.1 Low Awareness
4.3.2 Less Number of Skilled Workforce
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Incident Forensics Market Segmentation
5.1 By Deployment
5.2 By Organization
5.2.1 Small and Medium Enterprises (SMEs)
5.2.2 Large Enterprises
5.3 By End User
5.3.2 IT & Telecom
5.3.5 Energy & Utilities
5.4 By Region
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 IBM Corporation
6.2 Dell Technologies, Inc.
6.3 McAfee LLC
6.4 Trend Micro Incorporated
6.5 Symantec Corporation
6.6 Juniper Networks, Inc.
6.7 Optiv Security, Inc.
6.8 F-Secure Inc.
6.9 Cyber X, Inc.
6.10 AlienVault, Inc.
6.11 Check Point SoftwareTechnologies Ltd
6.12 Splunk, Inc.
*List Not Exhaustive
7. Investment Analysis
8. Outlook of the Incident Forensics Market
- IBM Corporation
- Dell Technologies Inc.
- McAfee LLC
- Trend Micro Incorporated
- Symantec Corporation
- Juniper Networks Inc.
- Optiv Security Inc.
- F-Secure Inc.
- Cyber X Inc.
- AlienVault Inc.
- Check Point SoftwareTechnologies Ltd
- Splunk Inc.