Report ID: SQSG45B2006
Report ID:
SQSG45B2006 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
121 |
Figures:
77
Security Analytics Market size was valued at USD 13.94 Billion in 2023 and is poised to grow from USD 16.2 Billion in 2024 to USD 62.59 Billion by 2032, growing at a CAGR of 16.2% during the forecast period (2025-2032).
The security analytics market will register remarkable progress driven by the growing risk of cybersecurity, the expanding volume of data produced by businesses, digital transactions, and different IoT devices. The market is also propelled by the emergence of advanced technologies like big data analytics, artificial intelligence, and machine learning. They enable greater accuracy for threat detection, predictive analytics, and automated responses. Nonetheless, there are a few factors that affect the adoption and expansion of the market like the high cost of advanced security analytics. Costly purchase, deployment, and maintenance of these solutions may impede its adoption by the SMEs, thus limiting market growth. Still, the market is opportune to factors like growing advancements in machine learning and artificial intelligence and increasing popularity and acceptance of cloud-based security systems.
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Report ID: SQSG45B2006