Security Analytics Market 2021-2031
The global security analytics market reached a valuation of close to US$ 8.7 Bn in 2020, and is anticipated to exhibit a high CAGR of 20.2% over the next ten years.
Security analytics use machine learning and big data analytics to collect, categorize, and analyze data gathered from network devices to detect advanced threats. Increase in the number of data breaches, cyber-attacks, and cyber exploits have resulted in increasing demand for security analytics solutions.
Increasing number of small- and medium-sized enterprises across the globe have resulted in the growing start-up culture, which has led to the adoption of the BYOD culture by companies, eliminating initial infrastructure expenses. This has further increased concerns regarding the security of organizations. Integration of such concepts is attracting cyber-threats and puts corporate data at risk. Therefore, most of organizations are adopting security analytics to protect their confidential data.
Key Players:
The report has profiled some of the Important players prevalent in the global like – IBM Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, Broadcom Inc., Sumo Logic, Inc., SecureWorks Corp., Juniper Networks, FireEye, Inc., Securonix, Gurucul, Alert Logic, LogRhythm, Exabeam, Haystax, Assuria Ltd. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Security Analytics.
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Key Takeaways from Market Study
- Demand for security analytics services is estimated to surge. However, security analytics software is estimated to continue to hold significant market share through 2031.
- The retail sector is expected to emerge as a high-growth market. However, BFSI is estimated to dominate market share through 2031.
- By application, network security is currently leading the market. Although, demand for cloud security is likely to expand at a robust CAGR of 23.6% through 2031.
- By enterprise size, large enterprises are estimated to hold substantial market share; however, demand from SMEs is expected to expand faster at a CAGR of 21.3% throughout the next ten years.
- The North America market is expected to register high CAGR owing to growing demand for security analytics solutions from small & medium enterprises across the region.
“Security analytics is the process of gathering, categorizing, and analyzing data collected from network devices and detect advanced threats. Security analytics solutions speed the detection and response to cyber threats. Fast detection and response can help IT prevent or lessen the damage that a breach causes,” says a Persistence Market Research analyst.
Key Stakeholders
Security Analytics Market Manufacturers
Security Analytics Market Distributors/Traders/Wholesalers
Security Analytics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Security Analytics Market Report:
- The Security Analytics Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Security Analytics Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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