Oct 14, 2019 (AB Digital via COMTEX) -- Global Security Analytics Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global security analytics market is marked to exhibit remarkable expansion at a CAGR of 27% during the forecast period of 2017-2023. The global Security Analytics Market is also anticipated to reach the valuation of USD 15 Bn by the end of the review period. Rapid adoption of technologically advanced solutions in various industrial sectors, increased reliance on cloud-based solutions that makes the data vulnerable towards cyber theft in small to large enterprises, high demand for advanced and sophisticated threat detection and management systems due to rapid penetration of internet of things are majorly propelling the growth of the global security analytics market during the assessment period.
The key market players profiled by Market Research Future (MRFR) that are operating in the global security analytics market are Alien Vault, Inc. (the U.S.), Cisco Systems, Inc. (the U.S.), Hewlett-Packard Enterprise (the U.S.), EMC RSA (the U.S), IBM Corporation (the U.S.), FireEye, Inc. (the U.S.), LogRhythm, Inc. (the U.S.), Alert Logic, Inc. (Click Security) (the U.S.), Arbor Networks, Inc. (the U.S.), and Blue Coat Systems, Inc. (the U.S.).
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By application, the global security analytics market has been segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others.
By service, the security analytics market is segmented into professional services, consulting, training & education, support & maintenance, and managed services.
By organization size, the global security analytics market has been segmented into SMEs and large enterprises.
By deployment, the security analytics market is segmented into cloud and on-premise.
By vertical, the global security analytics market has been segmented into BFSI, healthcare, manufacturing, retail, education, IT & telecommunication, transportation, government & defense, and others.
By region, the global security analytics market has been segmented into Asia Pacific, North America, Europe and the Rest of the World. At present, North America holds the largest share of the global market and is likely to retain its prominence in the foreseeable future. The growth of the regional market can be ascribed to technological developments and rising demand for cloud computing technologies. The consolidation of major players in the region is also expected to drive the expansion of the security analytics market in the region. The U.S. and Canada are the important country-level markets of the regional market.
Europe is an important growth pocket and is projected to resonate strong opportunities for growth throughout the forecast period. The well-developed infrastructure of the region is conducive to the large-scale implementation of novel technologies. This, in turn, is projected to expedite the proliferation of security analytics market in the region.
Asia Pacific is poised to strike the highest CAGR during the projection period. The growth of the regional market is attributed to the massive opportunities posed by different industry verticals for the deployment of security analytics. Furthermore, the presence of fast-developing economies such as China and India is another major factor responsible for the expansion of the security analytics market in the region.
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