According to new research from International Data Corporation (IDC), worldwide threat intelligence security services spending will increase from $905.5 million in 2014 to more than $1.4 billion in 2018.
“A consistent bombardment of unknown, targeted, and adaptive cyber threats are wreaking havoc in the enterprise and driving the expansion of threat intelligence security services (TISS) that are specifically designed to detect advanced persistent threats (APTs), advanced malware, and previously unidentified attacks,” IDC said as it released its most recent threat intelligence spending report.
According to IDC’s research threat intelligence security consulting services made up roughly 22% of entire threat intelligence security services market revenue in 2013.
IDC explained that the overall TISS market is made up of several components and services, including data feeds and publications, consulting security services, and managed security services (MSS).
Related Reading: Shaping the Threat Intelligence Management Market
Additional findings from IDC’s forecast include:
• Iterative intelligence must be available to small and medium-sized businesses as they see increased attacks like wire fraud and intellectual property theft.
• Both professional and managed security services will continue to experience strong growth in the threat intelligence arena.
• TISS offers customers deeper insights into global threat environments than they could achieve themselves.
• Security services firms are creating alliances with universities and accreditation programs to find and develop security personnel.
IDC also said that it has expanded its definition of the intelligence security services market to include what it calls iterative intelligence.
“This iterative process learns from past experiences and mistakes, and incorporates this new knowledge at a more rapid pace, which often results in better long-term solutions,” the research firm said.
“Threat intelligence is essentially a community activity,” said Christina Richmond, Program Director, Security Services at IDC. “Attack information can come from many different sources, and iterative intelligence organizes this chaotic process of information sharing in order to help organizations in making future decisions.”
“Organizations need customizable threat intelligence that can be immediately used within their network environments to prevent cyberattacks from occurring,” Internet security firm Check Point Software Technologies explained in a recent announcement of its new intelligence marketplace earlier this month. “Today however, sources for threat intelligence are fragmented, and offered by numerous vendors for specific countries and verticals.”
The full report, priced at a hefty $4,500, is available directly from IDC.
Related Reading: Shaping the Threat Intelligence Management Market