Worldwide Threat Intelligence Security Services Spending to Exceed $1.4 Billion by 2018, According to IDC
FRAMINGHAM, Mass., May 28, 2014 – 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. 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.
The TISS market is made up of several distinct facets, including data feeds and publications, consulting security services, and managed security services (MSS). IDC 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.
"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."
Additional findings from IDC's forecast include the following:
- TISS consulting services make up roughly 22% of the 2013 TISS revenue.
- 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.
The IDC study, Worldwide Threat Intelligence Security Services 2014–2018 Forecast: "Iterative Intelligence" — Threat Intelligence Comes of Age (IDC #246977), analyzes the total addressable market opportunities for the worldwide threat intelligence security services (TISS) market and discusses the evolution of TISS into what IDC has coined "iterative intelligence."
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.