The Security Analytics is defined as the process that includes the mitigation, detection, and analysis of the targeted attack & determined threats by integrating the big data & threat capabilities. It facilitates to offer proactive security measures. The incorporation of the expandable volume of data sets in detection algorithms is purely dependent on the software tools available in the security analytics solution. It widely applied in the IT & telecom environment, to serve the purpose of network, web & end-point security, BFSI, & military and defense sector.
The increase in superiority in threat attacks employed by mature threat actors which remain undetected using predefined security tools or signature matching technologies is encouraging organizations to adopt security analytics solutions. This is expected to boost the global security analytics market growth over the forecast period. The rise in application in cloud is also expected to propel the industry demand throughout the forecast period. The global security analytics market is experiencing tremendous growth due to the increase in concerns related to cyber threats & vulnerability.
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Furthermore, the development in technology including the deployment of the web & cloud-based platforms led to an increase in the need for security and accelerate the growth of the market. Moreover, the introduction of actionable intelligence for reduction of the data loss & prioritization of network-based patterns are some other factors imposing a positive outlook on the global security analytics market growth.
Inefficient knowledge about the advanced targeted attacks & threats along with the lack of qualified security professional, the industry are exposed to potential threats & are expected to hamper the security analytics market growth during this forecast period.
The Global Security Analytics Market is segmented into component such as Services (Professional Services, and Managed Services), and Solution, by application such as Application Security Analytics, Endpoint Security Analytics, Network Security Analytics, and Web Security Analytics. Further, security analytics market is segmented into end user such as IT and Telecom, Healthcare, BFSI, Government and Defense, and Others.
Also, the Global Security Analytics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some key operating players are discussed in this report such as IBM, Splunk Inc., Cisco Systems, Inc., FireEye, Inc., McAfee, LLC, Fortinet, Inc., Exabeam, Palo Alto Networks, Inc., LogRhythm, Inc., Juniper Networks, Inc., etc.
The North America region holds largest revenue share in the overall market due the growing adoption of security analytics. The North America region market growth is mainly dominated by United State and Canada and it is attributed to the increase in need for sophisticated threat level management and growing demand BYOD & internet of things (IoT) in the region. Also, the region has a well-established infrastructure that allows easy implementation of advanced technologies. The APAC is expected to grow at a faster rate over the forecast period. The growth in this region is dominated by China and India. This will create huge opportunities across various industry verticals in this region.
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