Factors promoting the growth of security analytics market include increase in the level of sophistication of security breaches and threats, various compliance requirements and strict regulations.
The challenges faced by global security analytics market include limitation of end-user knowledge about threats.
Other factors such as budget constraints and high cost of innovation reduce the market growth.The global security analytics market is categorized on the basis of deployment mode, applications, services, industry vertical, and region. Based on services, the managed services segment is estimated to grow at a robust pace during the future years.Also, this segment is expected to garner huge demand owing to the rising need of organizations to adhere to various regulatory compliances across the world. Various applications for which the security analytics solutions are used include network security analytics, web security analytics, application security analytics, end-point security analytics, and others.
Among the various segments, the end-point security analytics is estimated to grow at a robust pace during the future years owing to the rising trends of BYOD, IoT, and connected devices.
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The network security analytics commands the largest share of the Global Security Analytics Market currently. The growth is boosted by rising attacks on the significant network infrastructures of organizations.
The banking, financial services and insurance (BFSI) vertical is estimated to grow at a robust pace during the future years owing to the rising adoption of web and mobile based business applications, which are vulnerable to advanced cyber threats. Various organizations are actively employing security analytics solutions either on-cloud or on-premises.
There is an increasing demand for cloud-based security analytics owing to the time-efficient and cost-effective features of cloud; and its growth is especially high in enterprises, where there is a requirement of cheap cost solutions.
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Geographically, the global security analytics market has been divided into North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America. The North American region is expected to command the largest share of the global security analytics market.
The European region is also expected to become the second largest revenue generating nations for security analytics market vendors. Factors such as increased concentration on innovations garnered from the research and development (R&D) and security technology in the developed nations of Canada and the U.S.
are propelling the market growth. However, the Asia-Pacific region is analyzed to be growing at a robust pace in the market owing to the rising rate of adoption of mobile based and web business applications.
The challenges faced by the global security analytics market include limitation of end-user knowledge about threats. Other factors such as budget constraints and high cost of innovation reduce the market growth.
Major vendors that offer security analytics solutions across globe are IBM Corporation, Cisco Systems, Inc., Blue Coat Systems, Inc., EMC RSA, Hewlett-Packard Enterprise, FireEye, Inc., LogRhythm, Inc., Arbor Networks, Inc., Alert Logic (Click Security), and AlienVault, Inc. These companies have adapted various types of inorganic and organic growth strategies such as partnerships, collaborations, product launches, mergers and acquisitions to elaborate their offerings in the public safety and security market.
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Market by Service
o Training & Education
o Support & Maintenance
Market by Type
Web Security Analytics
Network Security Analytics
Endpoint Security Analytics
Application Security Analytics
Market by Deployment
Market by Industry Vertical
Government & Defense
Consumer Goods & Retail
IT & Telecom
Energy & Utilities
Market by Geography
o Rest of Europe
o Rest of Asia-Pacific
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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