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Aug. 24, 2021, 1:33 p.m. EDT

Security Analytics Market Size & Demand will Grow to USD 19.3 Billion by 2026: MarketDigits Research

Security Analytics Market: Global Industry Analysis, Size, Growth, Trends, Share, COVID-19 Impact Analysis for Next 5 Years

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Aug 24, 2021 (Heraldkeepers) -- The Security Analytics Market size is estimated to grow from USD XX Billion in 2021 to USD XX Billion by 2027, growing at a CAGR of XX% during the forecast year from 2021 to 2027. The research covers the current and historic Security Analytics market size and its growth trend with company outline of Key players/manufacturers: Accenture PLC, BRIDGEi2i, Capgemini SE, Fidelity National Information Services Inc (FIS), Moody's Analytics Inc., Oracle Corporation, Risk Edge Solutions, SAS Institute Inc., IBM, Oracle, SAP, SAS Institute, Moody's Corporation, FIS, Verisk Analytics, Inc., AxiomSL, Inc., Gurucul, Provenir, Recorded Future, Inc., DataFactZ, Digital Fineprint among others.

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The Security Analytics market report gives an analytical estimation of the most important challenges that may appear in the market with respect to sales, export/import, or revenue. The Security Analytics market analysis explained in the report offers an examination of a mixture of segments that are relied upon to witness the quickest development amid the estimated forecast frame. This Security Analytics report displays market segmentation in the most-detailed pattern as well as carries out thorough analysis of patents & major market players to provide a competitive landscape. Data collection modules with large sample sizes have been utilized in this Security Analytics report to pull together data & execute base year analysis.

This Security Analytics market report helps businesses thrive in the market by providing them with a lot of insights about the market & the industry. The key factors here include industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers & restraints, market segmentation & value chain analysis, key opportunities, application & technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, & company market share analysis. Thus, Security Analytics market research report is very important in many ways to grow your business & to be successful.

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North America to hold the highest market share in 2020

North America to hold the highest market share among all the regions during the forecast period. The North American region comprises the US and Canada. With one of the highest technological adoptions, North America registers the greatest number of security breach incidents, thus dominating the global security analytics market. North America also has the highest number of key players in the security analytics market. Some major players of this region include IBM Corporation, Cisco, Splunk, RSA, FireEye, and Hewlett Packard Enterprise (HPE) that make the region highly competitive. Governments in the region have identified cybersecurity as the most serious economic and national security challenge. Growing trends, such as Bring Your Own Device (BYOD), Internet of Things (IoT), and the Internet of Everything (IoE) have resulted in tremendous technological growth in this region. They have also triggered a rise in next-generation threats and added more complexities and concerns to the existing technological infrastructure. The other drivers that are increasing the demand for security solutions include the need for regulatory compliance. Thus, the rise in threats and vulnerabilities, and government compliances has made North America the most lucrative market for security analytics vendors.

Security Analytics Market: Recent Developments

In December 2019, IBM enhanced the IBM QRadar Advisor with Watson solution by combining IBM Cognitive AI and the QRadar Security Analytics Platform to uncover hidden threats and assist users with the incident and risk analysis, triage, and response.

In August 2019, Cisco upgraded its security analytics solution Cisco Stealthwatch to version 7.1.2 that adds enhanced analytics, context-aware mitigation capabilities, and improved features for controlling and managing the tool.

In December 2019, Splunk expanded its global footprint to 11 global innovation hubs in locations spanning across Canada, Poland, Singapore, the UK, and the US. With this expansion strategy, Splunk aims to accelerate growth across IT, security, and business operations to cater to the ever-growing surge of organizations transforming data into actionable insights.

In December 2019, RSA extended its enterprise offerings of modern authentication and identity assurance through a strategic partnership and joint solution with Yubico, forming a solution YubiKey for RSA SecurID Access.

In October 2019, FireEye announced the availability of two new FireEye Mandiant services: Purple Team Assessments and Continuous Purple Team Assessments that will help organizations work closely with FireEye Mandiant incident response experts to quantifiably evaluate their security programs against Verodin simulated attack scenarios.

Major Classifications are as follows:

Security Analytics Market: By Component

  • Solutions

  • Services

Security Analytics Market: By Application

  • Web Security Analytics

  • Network Security Analytics

  • Endpoint Security Analytics

  • Application Security Analytics

Security Analytics Market: By Deployment Mode

  • Cloud

  • On-Premises

Security Analytics Market: By Vertical

  • Government and Defense

  • Banking, Financial Services, and Insurance (BFSI)

  • Consumer Goods and Retail

  • IT and Telecom

  • Healthcare

  • Energy and Utilities

  • Manufacturing

  • Government and Public sector

  • Manufacturing

Security Analytics Market: By Organization Size

  • Large Enterprises

  • Small & Medium-Sized Enterprises

Security Analytics Market: By Region

  • North America

  • Europe

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