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Security analytics market forecast from 2014 to 2024 scrutinized in new research

Security analytics market forecast from 2014 to 2024 scrutinized in new research

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.

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Introduction:
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.

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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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Market Classification:

The network security analytics commands the largest share of the Global Security Analytics Market Make an Inquiry about this news 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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Regional Overview:

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.

Market Participants:

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 Segmentation

Market by Service

Professional Services

o Consulting

o Training & Education

o Support & Maintenance

Managed Services

Market by Type

Web Security Analytics

Network Security Analytics

Endpoint Security Analytics

Application Security Analytics

Others

Market by Deployment

On-premise

Cloud

Market by Industry Vertical

Government & Defense

BFSI

Consumer Goods & Retail

IT & Telecom

Healthcare

Energy & Utilities

Manufacturing

Education

Transportation

Others

Market by Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Philippines

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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Category: Market Research Publishers and RetailersCompany profile: Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, ...

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