Market Research Future published a research report on “Security Analytics Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – January 11, 2019 —
Major giants like Cisco Systems, IBM Corporation and HP are investing into security analytics market due to increasing need for data security across various industry verticals. Increasing adoption of mobile devices and growing demand for cloud computing technologies and internet of things are other major factors fueling the growth of security analytics market.
North America region holds the largest market share of global security analytics market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing need for sophisticated threat level management and growing demand BYOD and internet of things in the region. The region also has a well-established infrastructure which allows easy implementation of advanced technologies. Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growth in this region is majorly dominated by India and China. This is owing to huge opportunities across various industry verticals in the region.
Security Analytics Market has been segmented on the basis of application, service, organization size, deployment and vertical. The application segment is further bifurcated into web security analytics, network security analytics, endpoint security analytics and application security analytics. Network security analytics segment is expected to hold the largest market share and dominate the security analytics market during the forecast period. This is owning to the increasing demand for cloud computing technologies and increasing adoption of mobile devices. Whereas endpoint security analytics is expected to grow at the highest CAGR during the forecast period. This is owning to the increasing number of security vendors in the region.
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Security analytics helps in analyzing unusual traffic between servers. The security analytical tools help in figuring out the potential threats and possible attacks on the organization. These security analytical tools complement the traditional security measures by providing relevant insights about the data being stored. These tools help in faster detection of threats and real time visibility.
The global security analytics market is expected to grow at approx. USD 15 Billion by 2023, at 27% of CAGR between 2017 and 2023.
In October 2018, The University of Texas at San Antonio (UTSA) received USD 2 Mn for training the national security analytics cyber workforce.
In October 2018, Fortinet, a US-based cybersecurity company, acquired ZoneFox, which is a Scottish-founded security analytics company.
In October 2018, Bitdefender, cybersecurity protector of more than 500 million systems, has acquired behavior and network security analytics company, RedSocks Security BV (RedSocks).
In October 2018, A10 Networks, a provider of intelligent and automated cybersecurity solutions, has announced the introduction of advanced security analytics for SSL inspection.
The prominent players in security analytics market are – Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett-Packard Enterprise (U.S.), EMC RSA (U.S), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic, Inc. (Click Security) (U.S.), Blue Coat Systems, Inc. (U.S.), Alien Vault, Inc. (U.S.) and others.
• By application, the global security analytics market has been segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others.
• By service, the security analytics market is segmented into professional services, consulting, training & education, support & maintenance, and managed services.
• By organization size, the global security analytics market has been segmented into SMEs and large enterprises.
• By deployment, the security analytics market is segmented into cloud and on-premise.
• By vertical, the global security analytics market has been segmented into BFSI, healthcare, manufacturing, retail, education, IT & telecommunication, transportation, government & defense, and others.
By region, the global security analytics market has been segmented into Asia Pacific, North America, Europe and the Rest of the World. At present, North America holds the largest share of the global market and is likely to retain its prominence in the foreseeable future. The growth of the regional market can be ascribed to technological developments and rising demand for cloud computing technologies. The consolidation of major players in the region is also expected to drive the expansion of the security analytics market in the region. The U.S. and Canada are the important country-level markets of the regional market.
Europe is an important growth pocket and is projected to resonate strong opportunities for growth throughout the forecast period. The well-developed infrastructure of the region is conducive to the large-scale implementation of novel technologies. This, in turn, is projected to expedite the proliferation of security analytics market in the region.
Asia Pacific is poised to strike the highest CAGR during the projection period. The growth of the regional market is attributed to the massive opportunities posed by different industry verticals for the deployment of security analytics. Furthermore, the presence of fast-developing economies such as China and India is another major factor responsible for the expansion of the security analytics market in the region.
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• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• Cloud Service Providers
• Technology Providers
• Security Service Providers
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Name: Abhishek Sawant
Organization: Market Research Future
This news is published on Reuters.