The latest report by IMARC Group, titled “ Security Analytics Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,offers a comprehensive analysis of the industry, which comprises insights on the global Security analytics market trends. The global security analytics market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.
Security analytics involves collecting, aggregating, and analyzing data to detect threats and monitor security. It relies on various methods to gather data, encompassing network traffic, endpoint, user behavior data, cloud resources, business applications, non-lT contextual data, identity and access management, and external threat intelligence sources. It enables enterprises to receive real-time alerts of attempted attacks or ongoing incidents from servers, sensors, and mobile devices. The primary objective of security analytics is to effectively manage the security of an organization’s digital infrastructure and mitigate advanced threats. It involves gathering substantial amounts of data, which is then categorized and analyzed using big data analytics and machine learning techniques. Using data mining and threat detection algorithms, security analytics provides valuable insights such as geolocation information, digital asset metadata, threat intelligence, and internet protocol (IP) context. At present, security analytics finds extensive applications in various sectors, including defense, information technology (IT), and banking across the globe, for monitoring network traffic volume and integrating third-party threat intelligence feeds.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/security-analytics-market/requestsample
Security Analytics Market Trends and Drivers:
The global security analytics market is primarily driven by rising cyber threats and security breaches. In addition, there has been surging adoption of security analytics in the corporate sector, as it helps identify patterns and prioritize network-related threats, enabling companies to gain valuable insights that help prevent data breaches and future intrusions. Moreover, security analytics play a vital role in identifying threat patterns, offering valuable insights to prevent data loss and fortify network infrastructure. Along with this, the convergence of big data analytics and security intelligence in various organizations has catalyzed market growth. Apart from this, the deployment of cloud-based platforms that requires security analytics to enhance scalability, network security, and speed in web-based management is propelling the market growth. Additionally, the introduction of advanced security products by key players, including deep packet analysis of network traffic for effective malware identification and resolution, next-generation firewalls, anti-malware gateways, Intrusion Prevention Systems (IPS), and endpoint security applications that adhere to stringent regulations and compliance requirements, represents another major growth-inducing factor. Furthermore, numerous technological advancements, such as machine learning (ML) and artificial intelligence (AI) in security analytics tools, that allow enterprise security teams to remain proactive and identify abnormal behavior of end users and vulnerabilities in IT systems are contributing to the market growth. Other factors, including prioritization of network-based threats with actionable intelligence to avert data losses, significant investments by governments and defense organizations, and increasing focus on maintaining regulatory compliance, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solutions
- Services
- Professional Services
- Managed Services
Breakup by Application:
- Application Security Analytics
- Web Security Analytics
- Endpoint Security Analytics
- Network Security Analytics
- Others
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- BFSI
- Healthcare
- Manufacturing
- Consumer Goods and Retail
- IT and Telecom
- Government and Defense
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Alert Logic Inc. (Welsh, Carson, Anderson & Stowe)
- Alienvault Inc. (AT&T Cybersecurity)
- Arbor Networks Inc. (NETSCOUT Systems, Inc.)
- Cisco Systems Inc.
- Fortinet Inc.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- LogRhythm Inc. (Thoma Bravo, LLC)
- McAfee LLC (TPG Capital & Intel Corporation)
- RSA Security LLC. (Dell Technologies Inc.) and Splunk Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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