The North America Threat Intelligence Market would witness market growth of 13.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Threat Intelligence Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,216 million by 2031. The Canada market is experiencing a CAGR of 15.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.5% during (2024 - 2031).
Threat intelligence, in essence, involves collecting, processing, and analyzing data related to potential or current threats that target an organization’s digital assets. This intelligence informs decisions about how to prevent, detect, and respond to these threats. The market encompasses various products and services, from threat feeds and databases to advanced platforms integrating intelligence with other cybersecurity tools.
The market is a component of the cybersecurity landscape that is always expanding and becoming more important. This is a reflection of the growing realization of the significance of a knowledge of cyber threats and the relevance of fighting them. The threat landscape has grown in both scope and complexity as a result of the ongoing advancements in digital transformation.
North America is a primary target for cybercriminals who are interested in stealing sensitive information and identities due to the presence of numerous IT and financial services companies. According to the Internet Crime Complaint Center (IC3) by the FBI, in 2023, 880,418 complaints were registered, with potential losses exceeding $12.5 billion. This is a nearly 10% increase in complaints received, representing a 22% increase in losses suffered compared to 2022, highlighting the critical need for advanced security measures. The U.S. Department of Homeland Security’s Homeland Threat Assessment also underscores the importance of robust cybersecurity measures to protect national security interests. Similarly, in Canada, the demand for intelligence is significantly influenced by the growing digital economy and the need to protect sensitive information across various sectors. The Canadian Anti-Fraud Centre reported over 63,000 cases of identity fraud in 2023. Mexico is experiencing a rising demand for intelligence due to the rapid digital transformation across its industries. The Mexican government has recognized the importance of cybersecurity, launching various initiatives to strengthen national cyber defenses. The Mexican Online Sales Association reported that the domestic eCommerce sector was valued at USD 26.2 billion in 2022, a 23% increase from 2021. Thus, the increasing demand for intelligence across North America is driven by the need to protect critical infrastructure, comply with regulatory requirements, and counter sophisticated cyber threats from state and non-state actors.
Free Valuable Insights: The Threat Intelligence Market is Predict to reach USD 38.9 Billion by 2031, at a CAGR of 13.9%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Cloud, and On-Premise. Based on Type, the market is segmented into Solution (Security Information & Event Management, Risk Management, Identity & Access Management, Log Management, Incident Forensics, and Others), and Services (Professional Services, and Managed Services). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Energy & Utilities, Healthcare, Manufacturing, Transportation & Logistics, Retail, Government, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Organization Size
By Deployment Type
By Type
By Vertical
By Country
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