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Threat Intelligence Security Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR43367
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The threat intelligence security market share is expected to increase by USD 14.03 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 23.96%.

This threat intelligence security market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers threat intelligence security market segmentation by end-user (BFSI, IT and telecom, healthcare, transportation and logistics, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The threat intelligence security market report also offers information on several market vendors, including Anomali Inc., BlueVoyant, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Datto Holdings Corp., DomainTools LLC, F Secure Corp., Fortinet Inc., Intel Corp., International Business Machines Corp., Juniper Networks Inc., LogRhythm Inc., LookingGlass Cyber Solutions Inc., Mandiant Inc., NortonLifeLock Inc., Open Text Corp., Optiv Security Inc., Palo Alto Networks Inc., Splunk Inc., Trellix, and Trend Micro Inc. among others.

What will the Threat Intelligence Security Market Size be During the Forecast Period?

Threat Intelligence Security Market Size

Download the Free Report Sample to Unlock the Threat Intelligence Security Market Size for the Forecast Period and Other Important Statistics

 

Threat Intelligence Security Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising number of cyberattacks on connected devices or systems is notably driving the threat intelligence security market growth, although factors such as increasing complexity of IT infrastructure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the threat intelligence security industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Threat Intelligence Security Market Driver

One of the key factors driving growth in the threat intelligence security market is the rising number of cyberattacks on connected devices or systems. Globally, the number of records breached per incident is increasing at an alarming rate. Data breach adversely impacts businesses as the stolen information can be misused or deployed for unethical practices. Internal sources of organizations, such as employees, often get involved in such practices for their personal gains. Hence, enterprises are deploying threat intelligence security measures to curb the incidences of data breaches. Threat intelligence services and platforms help shield and protect sensitive information systems. Since the present-day attacks (like ransomware) are extremely immune to the existing defenses, threat intelligence not only provides the defense shield but also gives pre-intimation of any malicious attack that is yet to happen. Thus, threat intelligence solutions give enterprises an edge over cybercriminals, keeping them prepared to tackle security incidents.

Key Threat Intelligence Security Market Trend

Threat intelligence sharing is a threat intelligence security market trend that is expected to have a positive impact in the coming years. The threat intelligence gathered from diverse sources when processed and validated, becomes valuable and actionable for enterprises. Only large organizations with large security teams can pool information on such a large scale, while smaller companies remain unprotected. However, threat intelligence data sharing can overcome this issue. Leading security companies, such as Symantec, McAfee (part of Intel), Palo Alto Networks, and Fortinet, have formed an alliance called Cyber Threat Alliance, bringing together many other cybersecurity companies to validate and share real-time threat information with each other. Many end-user organizations and enterprises are also joining the alliance, sharing their own threat intelligence data with peer group companies. Such crowdsourcing platforms involve a huge group of highly talented individuals and other organizations to involve the combined power of intelligence, skills, and resources to fight cyber threats. This increases the overall efficiency, which is required to fight large-scale attacks.

Key Threat Intelligence Security Market Challenge

The increasing complexity of IT infrastructure is a major challenge for the threat intelligence security market during the forecast period. The addition of new security products, such as software and services, by vendors, leads to integration issues and system slowdowns. This results in customer dissatisfaction and may ultimately lead to customer attrition. Thus, the security products offered by vendors should integrate seamlessly with not only third-party solutions but also the previous versions of information systems. However, this may increase the complexity of threat intelligence security products and result in operation or interface issues for end-users. Thus, the increased complexity of network infrastructure is becoming a challenge for vendors.

This threat intelligence security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global threat intelligence security market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the threat intelligence security market during the forecast period.

Who are the Major Threat Intelligence Security Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Anomali Inc.
  • BlueVoyant
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • CrowdStrike Holdings Inc.
  • Datto Holdings Corp.
  • DomainTools LLC
  • F Secure Corp.
  • Fortinet Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Juniper Networks Inc.
  • LogRhythm Inc.
  • LookingGlass Cyber Solutions Inc.
  • Mandiant Inc.
  • NortonLifeLock Inc.
  • Open Text Corp.
  • Optiv Security Inc.
  • Palo Alto Networks Inc.
  • Splunk Inc.
  • Trellix
  • Trend Micro Inc.

 

This statistical study of the threat intelligence security market encompasses successful business strategies deployed by the key vendors. The threat intelligence security market is fragmented and the vendors are deploying growth strategies such as acquiring smaller vendors to multiply their product length and boost their market shares to compete in the market.

Product Insights and News

  • checkpoint.com - Under the unified segment, the company offers cyber security solutions for government and corporate enterprises globally.

  • checkpoint.com - The company offers threat intelligence security named ThreatCloud, with AI-based engines and exclusive research data from the Check Point Research Team.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The threat intelligence security market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Threat Intelligence Security Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the threat intelligence security market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Threat Intelligence Security Market?

Threat Intelligence Security Market Market segmentation by region

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for threat intelligence security in North America. Market growth in this region will be faster than the growth of the market in the European, APAC and South American regions.

The increased incidences of cyberattacks on the information systems will facilitate the threat intelligence security market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic first broke out in China in December 2020, and following its spread to other countries, it was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. This pandemic has had a far-reaching impact on industries. As the pandemic continues, both the manufacturing and distribution sides of different industries have been negatively impacted due to an economic slowdown worldwide. The market will, however, exhibit growth as companies will continue to invest in threat intelligence security solutions due to their benefits, regulatory requirements, and increasing applications in commercial and industrial activities that involve data generation. Such factors will drive the growth of the market in focus in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Threat Intelligence Security Market?

Threat Intelligence Security Market Segmentation

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The threat intelligence security market share growth by the BFSI segment will be significant during the forecast period. The BFSI sector will continue to be targeted by cybercriminals in the coming years. Apart from targeting the unpatched vulnerabilities, attackers will be launching distributed denial of service attacks against the financial institutions, severely impacting their business operations and disrupting their services. They will also focus on taking control of automated payment relays and ATMs used by the banking industry. Online payments are gaining popularity in most developing countries. The growing emphasis on building a cashless economy has highlighted the need for strengthening and bolstering financial cybersecurity. The considerable growth in the adoption of online payments in India has highlighted the need for strengthening and bolstering financial cyber security. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the threat intelligence security market size and actionable market insights on post COVID-19 impact on each segment.

 

Threat Intelligence Security Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 23.96%

Market growth 2022-2026

$ 14.03 billion

Market structure

Fragmented

YoY growth (%)

22.88

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Anomali Inc., BlueVoyant, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Datto Holdings Corp., DomainTools LLC, F Secure Corp., Fortinet Inc., Intel Corp., International Business Machines Corp., Juniper Networks Inc., LogRhythm Inc., LookingGlass Cyber Solutions Inc., Mandiant Inc., NortonLifeLock Inc., Open Text Corp., Optiv Security Inc., Palo Alto Networks Inc., Splunk Inc., Trellix, and Trend Micro Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Threat Intelligence Security Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive threat intelligence security market growth during the next five years
  • Precise estimation of the threat intelligence security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the threat intelligence security industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of threat intelligence security market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 BFSI - Market size and forecast 2021-2026
    • Exhibit 28: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on BFSI - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on BFSI - Year-over-year growth 2021-2026 (%)
  • 5.4 IT and telecom - Market size and forecast 2021-2026
    • Exhibit 32: Chart on IT and telecom - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on IT and telecom - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on IT and telecom - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on IT and telecom - Year-over-year growth 2021-2026 (%)
  • 5.5 Healthcare - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)
  • 5.6 Transportation and logistics - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Transportation and logistics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Transportation and logistics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Transportation and logistics - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Transportation and logistics - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by End-user
    • Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 India - Market size and forecast 2021-2026
    • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Check Point Software Technologies Ltd.
    • Exhibit 101: Check Point Software Technologies Ltd. - Overview
    • Exhibit 102: Check Point Software Technologies Ltd. - Product / Service
    • Exhibit 103: Check Point Software Technologies Ltd. - Key offerings
  • 10.4 Cisco Systems Inc.
    • Exhibit 104: Cisco Systems Inc. - Overview
    • Exhibit 105: Cisco Systems Inc. - Business segments
    • Exhibit 106: Cisco Systems Inc. - Key news
    • Exhibit 107: Cisco Systems Inc. - Key offerings
    • Exhibit 108: Cisco Systems Inc. - Segment focus
  • 10.5 F Secure Corp.
    • Exhibit 109: F Secure Corp. - Overview
    • Exhibit 110: F Secure Corp. - Product / Service
    • Exhibit 111: F Secure Corp. - Key offerings
  • 10.6 Fortinet Inc.
    • Exhibit 112: Fortinet Inc. - Overview
    • Exhibit 113: Fortinet Inc. - Product / Service
    • Exhibit 114: Fortinet Inc. - Key offerings
  • 10.7 International Business Machines Corp.
    • Exhibit 115: International Business Machines Corp. - Overview
    • Exhibit 116: International Business Machines Corp. - Business segments
    • Exhibit 117: International Business Machines Corp. - Key offerings
    • Exhibit 118: International Business Machines Corp. - Segment focus
  • 10.8 Juniper Networks Inc.
    • Exhibit 119: Juniper Networks Inc. - Overview
    • Exhibit 120: Juniper Networks Inc. - Product / Service
    • Exhibit 121: Juniper Networks Inc. - Key offerings
  • 10.9 NortonLifeLock Inc.
    • Exhibit 122: NortonLifeLock Inc. - Overview
    • Exhibit 123: NortonLifeLock Inc. - Product / Service
    • Exhibit 124: NortonLifeLock Inc. - Key offerings
  • 10.10 Palo Alto Networks Inc.
    • Exhibit 125: Palo Alto Networks Inc. - Overview
    • Exhibit 126: Palo Alto Networks Inc. - Key news
    • Exhibit 127: Palo Alto Networks Inc. - Key offerings
  • 10.11 Trellix
    • Exhibit 128: Trellix - Overview
    • Exhibit 129: Trellix - Product / Service
    • Exhibit 130: Trellix - Key offerings
  • 10.12 Trend Micro Inc.
    • Exhibit 131: Trend Micro Inc. - Overview
    • Exhibit 132: Trend Micro Inc. - Product / Service
    • Exhibit 133: Trend Micro Inc. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 134: Inclusions checklist
    • Exhibit 135: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 136: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 137: Research methodology
    • Exhibit 138: Validation techniques employed for market sizing
    • Exhibit 139: Information sources
  • 11.5 List of abbreviations
    • Exhibit 140: List of abbreviations
  • change in IT training modules: The dynamic nature of the IT industry, due to the frequent introduction of new technologies and programming languages, necessitates the frequent development of training modules. Growing advances and innovations in the market related to technologies such as AI, ML, blockchain, cloud computing, advanced analytics, big data, IoT (Internet of Things), virtual assistants, automated vehicles, and augmented and virtual reality directly or indirectly impact various enterprises and industries. This leads to an increase in the demand for upgraded training modules that incorporate advanced technologies. Employees in any organization frequently need to upgrade their skills as per changes in the industry. Therefore, to keep training modules effective amid changes, market vendors need to keep track of the emerging technologies and skills and update training modules accordingly, which increases the operational cost for vendors.

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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IT Consulting and Other Services market growth will increase by $14035.24 million during 2022-2026.
The it consulting and other services market is expected to grow at a CAGR of 23.96% during 2022-2026.
Technavio has segmented the it consulting and other services market by end-user (BFSI, IT and telecom, Healthcare, Transportation and logistics, and Others) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
Anomali Inc., BlueVoyant, Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Datto Holdings Corp., DomainTools LLC, F Secure Corp., Fortinet Inc., Intel Corp., International Business Machines Corp., Juniper Networks Inc., LogRhythm Inc., LookingGlass Cyber Solutions Inc., Mandiant Inc., NortonLifeLock Inc., Open Text Corp., Optiv Security Inc., Palo Alto Networks Inc., Splunk Inc., Trellix, Trend Micro Inc. are a few of the key vendors in the it consulting and other services market.
North America will register the highest growth rate of 35.28% among the other regions. Therefore, the it consulting and other services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the it consulting and other services market growth are:
  • Rising number of cyberattacks on connected devices or systems
  • Threat intelligence sharing
The it consulting and other services market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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