Page 225 - Cyber Defense eMagazine June 2024

of using threat intelligence
services. For instance, in
2021, 61% were targets for
cyberattacks.

End-User • BFSI
• Government &
Defense The IT & Telecom segment is
• Education estimated to gain significant
• IT & Telecom market share, owing to the
• Manufacturing trend of digitalization. Also,
• Healthcare the adoption of technologies
• Energy & Utilities such as a 5G and cloud
• Retail services in the IT sector
brings the need to use threat
intelligence.

Regional Analysis

The regional analysis for the threat intelligence market typically highlights key trends and factors affecting
the sector’s growth in different geopraphical areas. Here’s a breakdown of some common regions and
their significance:
❖ North America:
➢ Leading market due to the presence of major cybersecurity companies and early adoption
of advanced security technologies.
➢ Strong government initiatives to combat cyber threats contribute to the market’s growth.
➢ High investment in research and development activities driving innovation in threat
intelligence solutions.
❖ Europe:
➢ Growing concern over cybersecurity threats fuels the market demand. For instance,
Germany largely suffered from ransomware attacks (52%) and denial-of-service
attacks(43%).
➢ Stringent regulations such as GDPR(General Data Protection Regulation) drive
organizations to invest in threat intelligence solutions for compliance.
➢ Increasing collaborations between government and private sector entities to enhance
cyber resilience.
❖ Asia Pacific :
➢ Rapid digitization and expanding IT infrastructure lead to increased vulnerability to cyber
threats, driving demand for threat intelligence solutions.
➢ Growing awareness among enterprises about the importance of cybersecurity amplifies
market growth.

Cyber Defense eMagazine – June 2024 Edition 225
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