Security Analytics Market Size, Perceives A Fabulous Growth Prospects; Unleashed Market Insights Till 2023
January 22, 2020 by Market-NewsFlash
The global security analytics market was analyzed by Market Research Future (MRFR) and it was projected that a massive CAGR of 27% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the security analytics market was further stated to surpass its previous valuation and reach USD 15 Billion by 2023.
Security analytical tools help enterprises maintain an effective threat management system and keep track of any unusual traffic in-between servers. Its use case is one of the major driving factors of growth for the global market. Additionally, trends like Bring Your Own Device (BYOD) and an increasing adoption of Internet of Things (IoT) is also pushing the growth of the global security analytics market.
The global security analytics market has been segmented in terms of service, application, deployment, vertical, and organization size.
By application, the market breaks down into application security analytics, web security analytics, end point security analytics, network security analytics, and others. The network security analytics segment enjoys the largest share of the global security analytics market and is projected to continue maintaining its standings over the forecast period. This is due to the increasing demand linked with cloud computing technologies and surging adoption and penetration of mobile devices. However, the end-point security analytics segment is anticipated to grow with the highest CAGR during the forecast period due to the expanding number of security vendors.
By service, the market segments into consulting, support & maintenance, professional services, training & education, and managed services.
By organization size, the market divides into SMEs and large organizations.
By deployment, the market branches into on-premise and cloud deployments.
By vertical, the market comprises transportation, government & defense, BFSI, IT & telecommunication, healthcare, manufacturing, education, retail, and others.
The global security analytics market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW). The North American region is the highest share holder of the global security analytics market. The region is followed up by Europe and Asia Pacific. Among these, the Asia Pacific region is projected to grow during the forecast period with the highest CAGR.
The global security analytics market comprises a host of key players. This includes names like LogRhythm, Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), Alien Vault, Inc. (U.S.), Arbor Networks, Inc. (U.S.), FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), EMC RSA (U.S), Alert Logic, Inc. (Click Security) (U.S.), IBM Corporation (U.S.), and Blue Coat Systems, Inc. (U.S.).
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