What is the global market size of Security Analytics Market?

Global Security Analytics Market size was valued at USD 12 billion in 2021 and is poised to grow from USD 13.94 billion in 2022 to USD 53.86 billion by 2030, growing at a CAGR of 16.2% in the forecast period (2023-2030).

What is the key driver of Global Security Analytics Market?

Security analytics solutions have progressed beyond rule-based detection to data science techniques such as Machine Learning (ML) and Artificial Intelligence (AI). This is due to environmental variables such as increasing data quantities, infrastructural complexity, and a shortage of experienced security specialists. To effectively manage threats, security teams must integrate security analytics with the wealth of machine-generated data seen in most business contexts. Network traffic analysis, endpoint detection, SIEM, and User Behavior Analytics (UBA) tools collect this data and disclose who is doing what in the IT environment, as well as when and how they are doing it.

What is the key market trend for Global Security Analytics Market?

Global demand for security analytics solutions is driven mostly by network security applications. Security analysis, unlike other more well-behaved issue fields, does not lend itself readily to statistical analysis. In most situations, programmers lack the essential data required to create an accurate analytical engine.

Which region accounted for the largest share in Global Security Analytics Market?

With a market share of more than 40% in 2021, North America led the security analytics industry. Security analytics use is predicted to increase significantly throughout the projection period. In 2021, the United States will have the highest revenue share in the area. Key variables such as the increased frequency of data breaches, malware assaults, and sophisticated persistent threats, along with the region's greatest technology usage, all contribute to regional growth. Furthermore, increased investment in cybersecurity solutions and need for security compliance management solutions are some of the main drivers driving security analytics usage in North America.

Security Analytics Market Size, Share, Growth Analysis, By Component(Solutions and Services), By Application(Web Security Analytics, Network Security Analytics, Endpoint Security Analytics, Application Security Analytics and others), By Organization Size(SMEs and Large Enterprises), By Industry Vertical(BFSI, Telecom & IT, Consumer Goods and Retail, Healthcare), By Deployment Mode(Cloud, On-premises), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Security Analytics Market?

The shifting threat landscape and its ramifications across all application areas have given security professionals and suppliers a chance to reinvent their product lines. Established security providers are actively interested in adopting modern technologies like as artificial intelligence, analytics tools, user-behavior analysis, and machine learning to detect Advanced Target Attacks (ATA) events and attack patterns in real-time. 'IBM', 'Cisco Systems, Inc.', 'FireEye, Inc.', 'RSA Security LLC (a subsidiary of Dell Technologies Inc.)', 'LogRhythm, Inc.', 'McAfee, LLC (a subsidiary of Intel Corporation)', 'Hewlett Packard Enterprise Development LP (HPE)', 'Rapid7, Inc.', 'Splunk Inc.', 'Securonix, Inc.', 'Symantec Corporation (a subsidiary of Broadcom Inc.)', 'AlienVault, Inc. (a subsidiary of AT&T Cybersecurity)', 'Juniper Networks, Inc.', 'NetIQ Corporation', 'Forcepoint LLC (a subsidiary of Raytheon Technologies Corporation)', 'Proofpoint, Inc.', 'Exabeam, Inc.', 'LogPoint A/S', 'Verint Systems Inc.', 'Trend Micro Incorporated'

Report ID: SQSG45B2006 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 121 | Figures: 77

Security Analytics Market Insights

Global Security Analytics Market size was valued at USD 12 Billion in 2022 and is poised to grow from USD 13.94 Billion in 2023 to USD 53.86 Billion by 2031, at a CAGR of 16.2% over the forecast period (2024–2031).

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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FAQs

The global security analytics market is a highly competitive global market driven by a large number of international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment. 'IBM ', 'Cisco Systems, Inc. ', 'FireEye, Inc. ', 'RSA Security LLC (a subsidiary of Dell Technologies Inc.) ', 'LogRhythm, Inc. ', 'McAfee, LLC (a subsidiary of Intel Corporation) ', 'Hewlett Packard Enterprise Development LP (HPE) ', 'Rapid7, Inc. ', 'Splunk Inc. ', 'Securonix, Inc. ', 'Symantec Corporation (a subsidiary of Broadcom Inc.) ', 'AlienVault, Inc. (a subsidiary of AT&T Cybersecurity) ', 'Juniper Networks, Inc. ', 'NetIQ Corporation ', 'Forcepoint LLC (a subsidiary of Raytheon Technologies Corporation)'

As businesses are shifting and adopting cloud environments, they are also witnessing novel security threats and challenges. Security analytics technologies are important for protecting and monitoring cloud assets and guaranteeing security of multi-cloud and hybrid environments. Moreover, improvements in technologies like AI, ML, and more allow enhanced precision for automated process and threat detection.

Mobile Credentials and Touch-Free Access Controls: The introduction of mobile access control solutions enable companies to deploy added policies and broader incorporations to enhance on-site security. The credentials stored in mobile phones can be protected behind MFA protections, which are readily present in the new devices and access control can be shared with the current digital scheduling applications.

Geographically, North America is anticipated lead over the forecast period, continuing its dominance from the past years supported by the growing cybersecurity threats, essentially in the United States. The country witnesses the leading number of cyberattacks because of its economic activity and huge digital infrastructure. The constant threat of cyberattacks is fueling the need for better security analytics systems. The region is also prominent for its improved technological infrastructure and the growing adoption rate is novel technologies. Businesses in the nation are early users of security modernizations, comprising machine learning and AI-based analytics. The prominent market players operating in North America are Fortinet, Cisco, IBM, Broadcom, Splunk, Palo Alto Networks, and more.

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Security Analytics Market Insights

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What is the global market size of Security Analytics Market?

Who are the key vendors in the Security Analytics Market?

What is the key driver of Security Analytics Market?

What is the key market trend for Security Analytics Market?

Which region accounted for the largest share in Security Analytics Market?

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