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Global Security Analytics Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Security Analytics

The report focuses on the favorable Global “Security Analytics market” and its expanding nature. The Security Analytics market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • Global Security Analytics Market was valued at USD 2.92 billion in 2018 and is expected to reach USD 5.4 billion in 2024 with a CAGR of 10.7%, during the forecast period (2019-2024). The rapid growth of the internet has resulted in an exponential increase in the type and frequency of cyber attacks. Although many well-known cybersecurity solutions are utilized to counteract these attacks, the generation of Big Data over computer networks is rapidly rendering these traditional solutions obsolete.
  • The increased pervasiveness of data breaches and the higher volume of impacted records are resulting in far higher costs for organizations of all sizes. According to ISF, an independent and not-for-profit association of leading organizations from around the world, the number, magnitude, and costs of data breaches are all set to continue on their upward trajectories in 2019.
  • While day-to-day cyber threats continue to increase at an exponential rate, CISOs (Chief Information Security Officer) are most concerned over the rise of targeted and advanced malware enabled attacks such as Advanced Persistent Threats (APTs).
  • According to statistics from IBM and Ponemon Institute, the cost of a breach in the estimated at USD 7.35 million or nearly double the USD 3.62 million it cost globally. As a result, organizations are increasingly concentrating on threat hunting as a preventive measure.

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    Key Manufacturers

  • Alert Logic Inc.
  • Arbor Networks Inc.
  • Symantec Corporation
  • Cisco Systems Inc.
  • RSA Security LLC
  • Hewlett
  • Packard Enterprise
  • IBM Corporation
  • Logrhythm, Inc.
  • Fireeye, Inc.
  • Splunk Inc.
  • Fortinet Inc.
  • McAfee LLC
  • Micro Focus International Plc

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Security Analytics market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Security Analytics market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Security Analytics market have also been involved in the study.

    Scope of the Report:

  • Security analytics is the process of using data collection, aggregation, and analysis tools for security monitoring and threat detection. Security analytics data can be collected in several ways, including Network traffic. Endpoint and user behavior data.

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    TOC of Security Analytics Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Security Analytics market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Security Analytics Market Report Covered:

    • The report analyses how Security Analytics market will grow in the future.
    • Analyzing various perspectives of the Security Analytics market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Security Analytics market shares and policies employed by the major market players.
    • Competitive landscape including the Security Analytics market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Security Analytics market players

    Key Market Trends:

    Network Security Analytics to Account for Significant Share

    Network security applications are the largest source of demand for security analytics solutions globally. Security analysis, unlike other more well-behaved problem domains, does not naturally lend itself to statistical analysis. In most of the cases, programmers do not have the basic data that enable them to fabricate an accurate analytical engine.
    Further, given the tendency of attackers to constantly adapt to changes, makes fabrication of network security analytics solutions an almost impossible task to the programmers. Also, In recent times, there have been many cases of network and web-app security failures that brought catastrophic damage to several large enterprises and governments globally.
    Further, as the traditional network security analytics solutions based on the Bayesian probability theory, that states it’s possible to predict with high accuracy the likelihood of something happening by capturing every element of a problem and calculates possible outcomes mathematically, are being replaced with machine learning algorithms, due to this network security analytics solutions are getting more reliable.
    Bayesian models have domain conceptual alignment and ability to reason on incomplete data, while machine learning has the sheer power and ability to cope with massive quantities of data required by modern networks, that are spreading beyond traditional applications.

    North America to Account for Major Share

    The Kaspersky Lab 2018 B2B Survey indicated that in North America, the average cost of a data breach for an enterprise reached USD 1.6 million (up 23% from USD 1.3 million in 2017) on average.
    North America is the most expensive location for any small- and medium-scale business (SMB) to suffer a data breach compared to other regions. SMBs in the and Canada have the highest recovery cost, at USD 149 thousand on average (up 27% from USD 117 thousand in 2017).
    End-user industries in the region have been pioneers and early adopters of analytics solution to remain ahead of competitions in other regions. This has helped enterprises and SMBs create huge databases and infrastructure to support the use of security analytics in a proactive measure.
    Companies, such as Cylance Inc., the leading provider of AI-driven, prevention-first security solutions, and Securonix, a provider of SIEM and user and entity behavioral analytics, operating in North America in security analytics, announced a partnership to support the interoperability of CylancePROTECT with the new release of the Securonix Security Analytics Platform indicating the emerging trend towards cloud solution in security analytics.

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    Study objectives of Security Analytics Market Report:

    • To provide a detailed analysis of the market structure along with the Security Analytics market forecast of various segments and sub-segments of the Security Analytics market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Security Analytics market trends that influence the global Security Analytics market

    Detailed TOC of Security Analytics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Level of Sophistication of Threats And Security Breaches
    4.3.2 Rise in IoT and BYOD Trend
    4.4 Market Restraints
    4.4.1 Lack of Data Integration and Connectivity
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porters Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Network Security Analytics
    5.1.2 Application Security Analytics
    5.1.3 Web Security Analytics
    5.1.4 Endpoint Security Analytics
    5.2 By End-user Industry
    5.2.1 Healthcare
    5.2.2 Defense and Security
    5.2.3 Banking and Financial Services
    5.2.4 Telecomm and IT
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia Pacific
    5.3.4 Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Alert Logic Inc.
    6.1.2 Arbor Networks Inc.
    6.1.3 Symantec Corporation
    6.1.4 Cisco Systems Inc.
    6.1.5 RSA Security LLC
    6.1.6 Hewlett-Packard Enterprise
    6.1.7 IBM Corporation
    6.1.8 Logrhythm, Inc.
    6.1.9 Fireeye, Inc.
    6.1.10 Splunk Inc.
    6.1.11 Fortinet Inc.
    6.1.12 McAfee LLC
    6.1.13 Micro Focus International Plc

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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