WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Saturday, December 4, 2021 
Add Press Release News | News Feeds Feeds | Email This News Email


Security Analytics Market worth $25.4 billion by 2026 - Exclusive Report by MarketsandMarkets(TM)
Thursday, October 21, 2021

CHICAGO, Oct. 13, 2021 /PRNewswire/ -- According to a research report "Security Analytics Market with COVID-19 Impact Analysis by Component, Application (Customer Retention and Engagement and Personalized Recommendation), Deployment Mode, Organization Size, Vertical, Capability, and Region - Global Forecast to 2026", published by MarketsandMarkets(TM), the Security Analytics Market size to grow from USD 12.0 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Various factors such as demand to discover patterns, prioritization of network-based threats with actionable intelligence to avert data losses, and prevention of onward intrusion and increasing focus on maintaining regulatory compliance.

https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Security analytics is a security approach that investigates security events and analyzes inconsistent behavior across networks and systems to bring situational awareness and understanding of security risks within organizations. These solutions help protect the critical resources and systems against cyberattacks and breaches to fortify security infrastructure. Security analytics redefines the power of Security Information and Event Management (SIEM) capabilities by providing effective and better network security to predict and mitigate potential cyber threats. With an increase in the number of new security threats, the need for security analytics is growing rapidly across the globe.

Browse in-depth TOC on "Security Analytics Market"

294 - Tables
58 - Figures
248 - Pages

Ask for Report Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1026

Security analytics solutions can assimilate large and diverse data sets into their detection algorithms, depending on the types of solutions deployed. Security analytics data can be gathered in various ways, including but not limited to network traffic, endpoint and user behavior data, cloud resources, business applications, identity and access management data, and external threat intelligence sources. The various security analytics solutions are SIEM, endpoint security analytics, network security analytics, enterprise security analytics, User Entity and Behavior Analytics (UEBA), and Security Orchestration and Automation and Response (SOAR). These solutions help organizations secure their networks, endpoints, applications, and cloud-based services. The managed services segment is expected to show a higher growth rate during the forecast period.

The services segment to hold higher CAGR during the forecast period

Based on components, the security analytics is segmented into solutions and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of security analytics, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of security analytics is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and cut expenses.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1026

The endpoint security analytics application to grow at a highest CAGR during the forecast period

The number of connected endpoints is rapidly increasing due to IoT and BYOD trends. Businesses are serving their customers through these connected endpoints that are vulnerable to APTs, making endpoint security the prime objective of organizations. Endpoint security analytics is a process of collecting security information from endpoints, such as smartphones, PCs, laptops, and Point of Sale (POS) terminals, and analyzing this information to detect malicious activities. The endpoint security analytics solution studies the behavior of attack and proactively mitigates the risk to secure endpoints and their data. Advanced attacks cannot be detected by outdated security systems, and this increases the popularity of security analytics solutions. Security analytics solutions are integrated with threat intelligence and user behavior analytics techniques to provide valuable insights into threats and secure the critical infrastructure of organizations. An increasing number of endpoints and BYODs among enterprises, with the rising endpoint attacks and breaches, would drive the demand for endpoint security analytics. The need to uncover security threats hiding in encrypted traffic is expected to further boost the demand for endpoint security analytics.

Support and maintenance services to hold the largest market size during the forecast period

Support and maintenance services include the assistance provided by professionals to implement and maintain security analytics solutions. These services include assistance for troubleshooting, upgradation of existing software, problem-solving, emergency response management, software maintenance, proactive services, and technical support provided by security analytics vendors. The major vendors providing support and maintenance services in the Security Analytics Market are Cisco, HPE, and Symantec.

The large enterprises segment to hold a larger market size during the forecast period

The Security Analytics Market has been segmented by organization size into large enterprises and SMEs. The market for large enterprises is expected to register a higher CAGR during the forecast period. These enterprises are early adopters of security analytics solutions. They are faced with the troublesome task of effectively managing security because of the diverse nature of IT infrastructure, which is complex in nature.

BFSI segment to have the largest market size during the forecast period

The Security Analytics Market by vertical has been categorized into banking, financial services, and insurance, Retail and eCommerce, media and entertainment, IT and telecom, healthcare, travel and hospitality, and others (automobile, government, and education). The BFSI vertical is expected to have the largest market size during the forecast period. The larger market size of the BFSI vertical can be attributed to the increasing usage of mobile devices to access banking services is driving the adoption of security analytics solutions in the BFSI vertical.

Speak to Research Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1026

APAC to hold higher CAGR during the forecast period

The Security Analytics Market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. Security spending in APAC is increasing significantly due to the ever-growing threat landscape. Traditional methods are no longer adequate to manage and mitigate advanced cyberattacks. Hence, security analytics vendors in this region focus on innovations related to their product line. China, Japan, India, and Singapore have displayed ample growth opportunities in the Security Analytics Market.

The major vendors in the global Security Analytics Market include IBM (US), HPE (US), Cisco (US), Broadcom (US), Splunk (US), RSA Security (US), McAfee (US), FireEye (US), Juniper Networks (US), LogRhythm (US), Fortinet (US), Huntsman Security (Australia), Gurucul (US), Securonix (US), Hillstone Networks (US), Exabeam (US), Rapid7 (US), Alert Logic (US), Forcepoint (US), Assuria (UK), Haystax (US), Uptycs (US), Snowflake (US).

Browse Adjacent Markets: Analytics Market Research Reports & Consulting

Related Reports:

Network Analytics Market by Component (Network Intelligence Solutions and Services), Application (Network Performance Management, Customer Analysis, and Quality Management), Deployment Type, Organization Size, End-User, and Region - Global Forecast to 2024

Endpoint Security Market by Solution (Endpoint Protection Platform and Endpoint Detection and Response), Service, Deployment Mode, Organization Size, Vertical (Healthcare, Retail and eCommerce, and Government), and Region - Global Forecast to 2024

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight:https://www.marketsandmarkets.com/ResearchInsight/security-analytics-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Content Source:https://www.marketsandmarkets.com/PressReleases/security-analytics.asp

View original content:https://www.prnewswire.com/news-releases/security-analytics-market-worth-25-4-billion-by-2026--exclusive-report-by-marketsandmarkets-301399274.html

SOURCE MarketsandMarkets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Fortune 500 Leaders Join CTO Forum's RETHINK DIGITAL Six Series - Designing the Digital Transformation Flywheel Curriculum | Dec 4, 2021
Nav Insights on the IO-Link Global Market to 2030 - Opportunity Analysis and Industry Forecasts | Dec 4, 2021
Nav Absorb Software Recognized Among Top Learning Management Systems and Experience Platforms by Independent Research Firm | Dec 4, 2021
Nav Global Patient Engagement Solutions Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts | Dec 4, 2021
Nav Azcom Technology Announces Production-Ready Radar-Based Solution for Child Presence Detection (CPD) | Dec 4, 2021
Nav The Global Connected Device Analytics Market is Estimated to be $14.9 Bn in 2021 and is Forecasted to Reach $49.86 Bn by 2027, Growing at a CAGR of 22.3% | Dec 4, 2021
Nav Schneider Electric Launches Grids of the Future Lifecycle Management at Enlit Europe | Dec 4, 2021
Nav Cold Chain Monitoring Market worth $10.2 billion by 2026 - Exclusive Report by MarketsandMarkets(TM) | Dec 4, 2021
Nav Insights on the Process Spectroscopy Global Market to 2026 - by Technology, Component, Application and Region | Dec 4, 2021
Nav Digital Experience Platform Market size worth $ 43.43 Billion, Globally, by 2028 at 13.4% CAGR: Verified Market Research┬« | Dec 4, 2021
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News