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Increasing Demand for Early Threat Detection to Propel Sales of Threat Lifecycle Services Market

Modern cyber-attacks are sophisticated, and they are carried out covertly by criminals in order to steal valuable data from targeted businesses, or even to completely destroy that data. Due to the frequent occurrence of breaches nowadays, security service providers must provide threat lifecycle services. These threat lifecycle services assist organizations in responding to, preparing for, remediating, and minimizing the negative consequences of breaches, as well as recovering to a healthy state and significantly improving their resilience. End-users are primarily targeted by intrusions through poorly secured applications, phishing campaigns, and infrastructure. Once inside, they gain access to the environment in order to steal intellectual property, trade secrets, computer source codes, financial information, and anything else of value.

As a result of the emergence of threat lifecycle services, many companies have shifted from compliance-driven managed security services to threat-focused ones, and from traditionally solution-focused services to intelligence-driven lifecycle security services. First, a network monitoring system with a customized set of alert feeds and threat feeds is set up to implement threat lifecycle services.

Global Threat Lifecycle Services Market: Competition Landscape

Key Developments

In January 2018, FireEye, Inc. announced the acquisition of X15 Software and its big data platform, to search, monitor, and analyze machine generated data security across cloud and on-premise environments. With the integration of X15 Software’s technology, FireEye, Inc. will be able to collect and deliver the data organizations need to protect their most valuable assets, such as big data management capabilities, platform for innovation, and one management console for all types of environments.

Key Vendors

Examples of some of the market participants in the global threat lifecycle services market identified across the value chain include

  • FireEye, Inc.
  • Wipro Limited
  • Verizon Communications, Inc.
  • Tata Consultancy Services Limited
  • SecureWorks Inc.
  • Quann Asia Pacific Pte Ltd
  • Symantec Corporation
  • HCL
  • IBM
  • Nippon Telegraph and Telephone Corporation
  • Kaspersky Lab ZAO
  • DXC Technology

Global Threat Lifecycle Services Market: Segmentation

The threat lifecycle services market can be segmented on the basis of deployment, service type, and region.

The threat lifecycle services market segmentation by deployment:

  • Cloud
  • On-premise

The threat lifecycle services market segmentation by service type:

  • Managed Services
  • Consulting Services

Regional Outlook for Threat Lifecycle Services in the Global Market

North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and the Middle East & Africa make up the threat lifecycle services market. North America holds the largest share of the threat lifecycle services market, owing to widespread adoption of threat lifecycle services across all major industries in developed economies such as the United States and Canada.

Furthermore, in the European region, technological advancements in the fields of analytics and cloud have resulted in a high adoption of threat lifecycle services.

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