Security Analytics Market is valued at USD 2.78 Billion in 2018 and expected to reach USD 14.09 Billion by 2025 with a CAGR of 26.1% over the forecast period.
Security analytics is a methodology of cyber security which focuses on the analysis of data to produce proactive security measures. It has the potential to monitor network traffic used to identify indicators before an actual threat occurs. Security analytics tools able to analyze data from the various range of sources by connecting the dots between various events and alerts to detect threats or security incidents in real time. Moreover, security analytic solutions are highly valuable for conducting forensic investigations into incidents which helps provides the information about data loss. Increasing government and industry regulations like government organizations require data activity monitoring tool or log collection for auditing and forensics is also expected to drive the growth of this market.
Security analytics market is segmented on the basis of application, service, deployment, vertical and region. Based on application, the security analytics market is segmented into security analytics, network security analytics, end point security analytics, application security analytics and others. Based on service, the market is divided into professional services, consulting training & education, support & maintenance and managed services. On the basis of deployment, security analytics market is segmented into cloud and on premise. Furthermore, based upon vertical the market is divided into BFSI, healthcare, manufacturing, retail, education, IT & telecommunication, transportation, government & defense and others.
The regions covered in this security analytics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Security analytics market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Security Analytics Market Reports–
Key players of the security analytics market are Alert Logic Inc, Arbor Networks Inc, Blue Coat Systems Inc, Cisco Systems Inc., EMC ESA, Hewlett-Packard Enterprise, IBM Corporation, Logrhythm Inc, Fireeye Inc, Open Text Corporation, Fujitsu Limited and others.
Advancement in big data analytics is the key factor which drives the growth of Global Security Analytics Market
Increasing adoption of security analytics in different industrial sectors has been one of the major milestones in commerce. Hackers use a wide range of cyber-attack mechanism to spoil the data. Thus, many organizations need advanced security methodology which is anticipated to foster the demand for security analytics. Increasing focus of corporate research organization on security analytics due to surveillance of real time network streams and detection of both malicious and suspicious patterns is also expected to supplement the growth of this market significantly. In addition, shortage of skilled labors can hamper the growth of this market. In spite of that, technological advancement in cloud computing technology and internet of things is expected to reach into new level in coming years.
North America is expected to dominate the Security Analytics Market
North America is expected to capture the largest share in this market throughout the forecast period owing to the high focus on innovations obtained from research and development in this region. As per U.S. Bureau of Labor Statistics projects, the demand for information security analysts remains high throughout at least up to 2024. Asia pacific is expected to show exponential growth in this market owing to the presence of massive number of small and medium-sized companies that are digitizing their business and adopting cloud-based service in this region. Latin America and Middle East Africa are expected to show the steady growth within the forecast period due to unavailability of resources.
Key Benefits for Security Analytics Market Reports –
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Security Analytics Market Segmentation –
Security Analytics, Network Security Analytics, End Point Security Analytics, Application Security Analytics, Others
Professional Services, Consulting Training & Education, Support & Maintenance, Managed Services Commercial vehicle
BFSI, Healthcare, Manufacturing, Retail, Education, IT & Telecommunication, Transportation, Government & Defense, Others
North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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