Security Analytics Market

The Global Security Analytics Market size was estimated to be US$ 6.7 billion in 2019 and is expected to witness a CAGR of 14.5% between 2020 and 2030.

Expanding cloud computing ecosystem, increasing incidences of cyber attacks and growing complexity of IT infrastructure are the key forces driving the growth of the global security analytics market. Security analytics is a component of cybersecurity infrastructure used to monitor and analyze data for development of proactive security solutions. With the expansion of IT infrastructure and rising adoption of cloud services, the demand for security analytics has increased significantly across the globe.

Cloud computing offers scalable and affordable solutions and thus are being increasingly adopted by small and medium enterprises across the developing and developed economies. With adoption of cloud services, the exposure to external treats has increased significantly and has accelerated the demand for security analytics. Security analytics offer real time monitoring and analysis of potential treats by analyzing organization data.

It helps in detecting threats by analyzing security events. This has fueled the adoption of security analytics across the large and small & medium enterprises and is expected to be a leading factor towards the growth of security analytics market in coming years. Emergence of COVID-19 pandemic has accelerated the adoption of cloud solutions and services, thus is anticipated to offer prominent opportunities to security analytics vendors incoming years.

North America held the largest share of the global security analytics market in 2019 and is estimated to be the dominating segment throughout the forecast period owing to the presence of leading security solution providers and cloud computing companies across the region. Increased demand for cloud computing from small and medium enterpriser, early adoption of advanced technologies, and increased investment in development of robust security solution are expected to drive the growth of the North America security analytics market during the forecast period.

Asia Pacific contributed a prominent share to the global security analytics market and is anticipated to be the fastest growing market during the forecast period. Increased investment in strengthening security infrastructure across IT & telecommunication, and BFSI industries, along with expansion of IT infrastructure across major countries is expected to contribute towards the growth of the Asia Pacific security analytics market in coming years.

Security Analytics Market Share Analysis, by Geography (2022)

The report titled “Security Analytics Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Security Analytics market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global security analytics market is segmented based on component, application type, deployment, organization size, end use industry, and geography. Based on component, the global security analytics market is segmented into solutions and services. The services are further sub-segmented into professional services (consulting, support and maintenance, and training and education) and managed services. Based on application type, the global security analytics market is segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others. Based on deployment, the global security analytics market is segmented into hosted and on-premise. Based on organization size, the global security analytics market is segmented into large enterprise and small & medium enterprise (SME). Based on end use industry, the global security analytics market is segmented into IT & telecommunication, BFSI, energy & utility, healthcare, retail, manufacturing, and others. Based on geography, the global security analytics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on security analytics solutions and services. Further, market share of prominent companies in the global security analytics market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the security analytics companies.

The global security analytics market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the security analytics business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global security analytics market.

Major players active in the global security analytics market include Cisco Systems, Inc., Exabeam, Inc., FireEye, Inc., Fortinet, GURUCUL, Hewlett Packard Enterprise Development LP, Hillstone Networks Co., Huntsman Security, International Business Machines Corporation, Juniper Networks, Inc., LogRhythm, Inc., McAfee, LLC, NortonLifeLock Inc., RSA Security LLC., Securonix, Inc., and Splunk Inc.

Market Segmentation

By Component:

• Solutions 
• Services
  • Professional services
  • Managed services

By Application:

• Web security analytics
• Network security analytics
• End point security analytics
• Application security analytics
• Others

By Deployment Type:

• On-premise
• Cloud based

By Organization Size:

• Large enterprise
• Small & Medium Sized enterprise

By End Use Industry:

• IT & telecommunication
• BFSI
• Energy & Utility
• Healthcare
• Retail
• Manufacturing
• Others

By Geography :

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Belgium
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America