Global Security Analytics Market Report and Forecast 2024-2032

Global Security Analytics Market Size

The global security analytics market is likely to grow at a healthy rate and reach a value of about USD 28.55 billion by 2032. The industry is expected to rise rapidly because of increasing digitisation and internet connectivity across almost all spheres of work.

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North America to Lead the Market Growth in the Forecast Period

The growth of the global industry is likely to be led by the North America region in the forecast period. Due to the high concentration of most security analytics firms in North America, the largest share in the market is present in North America. This is a result of security analytics-related technologies being taken up by numerous corporations in North America in all scales of business and the widespread availability of internet connectivity and integration on cloud-based technologies or networks. The pattern can be seen in Europe too, for the same reasons. In the Asia Pacific region, while the market share is still low, the growth potential is far greater in the long run, especially in emerging economic powers.

Security Analytics: Industry, Definition and Segmentation

IT systems have a wide variety of technologies in the form of software, algorithms, and analytic processes to secure their systems from cyber-attacks. The steps involved in this include data collection, consolidation, and data analysis to better understand vulnerabilities in the cyber system. This involves taking previous and current data, which may be sourced from the system logs, security applications, alerts from end-point devices or from third-party feeds. Subsequently, the data is analysed using methods like behavioural patterns, network analysis, and forensics.

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The industry can be segmented as follows on the basis of component:

• Solutions
• Services

The industry can be segmented by deployment mode as follows:

• Cloud
• On-Premises

The security analytics market can be divided on the basis of organisation size into:

• Small and Medium Enterprises
• Large Enterprises

It can also be segmented by application into the following:

• Web Security Analytics
• Network Security Analytics
• Endpoint Security Analytics
• Application Security Analytics
• Others

The market can be segmented by industry:

• BFSI
• Telecom and IT
• Retail
• Healthcare
• Government and Defence
• Manufacturing
• Energy and Utility
• Others

The market can be segmented region-wise into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Greater Internet Penetration and Rise in Cyber Attacks Increase the Demand for Security Analytics

Over the past decade, connectivity to the internet has improved in every field and with such greater connectivity, the possibility of cyber crimes has also risen in terms of sophistication and frequency, which has emphasised the need for security analytics. With differing patterns of such cyber-attacks, security analytics has been a much-desired option by analysing multiple patterns, networks and feedbacks from autonomous systems. As recovery costs after a major data breach are far too high, companies will instead choose to invest into security analytics. Other factors which can contribute positively to the expansion of the security analytics market is the rise of complementary computer science fields which aid in the improvement of the overall effectiveness of security analytics.

Key Industry Players in the Global Precision Medicine Market

The report gives a detailed analysis of the following key players in the global security analytics industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cisco Systems, Inc.
• Hewlett Packard Enterprise Development LP
• IBM Corporation
• FireEye, Inc.
• Juniper Networks, Inc.
• LogRhythm, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Security Analytics Market Report Snapshots

Security Analytics Market Size

Security Analytics Market Growth

Security Analytics Companies