The future of the global security analytics market looks promising with opportunities in the BFSI, retail and e-commerce, media and entertainment, travel and hospitality, telecom and IT, and healthcare markets. The global security analytics market is expected to reach an estimated $31.3 billion by 2028 with a CAGR of 17.2% from 2023 to 2028. The major drivers for this market are the growing demand for detection of real-time advanced persistence, the increasing trend of IoT, connected network devices, and cloud computing, and the rising adoption of advanced technologies in internet security across the globe.
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Security Analytics Market by Segment
The study includes a forecast for the global security analytics market by component, organization, application, vertical, and region, as follows:
Security Analytics Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Platform
- Services
- Professional Services
- Consulting Services
- Support and maintenance
Security Analytics Market by Organization [Value ($B) Shipment Analysis from 2017 to 2028]:
- Large enterprises
- Small and medium-sized enterprises (SMEs)
Security Analytics Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Web Security Analytics
- Network Security Analytics
- Endpoint Security Analytics
- Application Security Analytics
- Others
Security Analytics Market by Vertical [Value ($B) Shipment Analysis from 2017 to 2028]:
- BFSI
- Retail and eCommerce
- Media and Entertainment
- Travel and Hospitality
- Telecom and IT
- Healthcare
- Others
Security Analytics Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Security Analytics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leveraging integration opportunities across the value chain. With these strategies security analytics companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the security analytics companies profiled in this report include.
- IBM
- HPE
- Broadcom
- Splunk
- RSA Security
- FireEye
- Juniper Networks
- LogRhythm
Security Analytics Market Insights
- The analyst forecasts that small and medium-sized enterprises (SMES) will remain the larger segment over the forecast period due to escalating demand for end-point security solutions across various e-commerce start-ups like retail and financial sectors.
- BFSI is expected to remain the largest segment due to the growing demand for robust security against phishing attacks and frauds and digital privacy systems across financial, insurance, and banking institutes.
- North America will remain the largest region due to the growing frequency of data breaches, malware assaults, and persistent threats and increasing acceptance of technological advancements in the region.
Features of the Security Analytics Market
- Market Size Estimates: Security analytics market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Security analytics market size by various segments, such as by component, organization, application, vertical, and region
- Regional Analysis: Security analytics market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by component, organization, application, vertical, and regions for the security analytics market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the security analytics market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the security analytics market size?
Answer: The global security analytics market is expected to reach an estimated $31.3 billion by 2028.
Q2. What is the growth forecast for the security analytics market?
Answer: The global security analytics market is expected to grow with a CAGR of 17.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the security analytics market?
Answer: The major drivers for this market are the growing demand for detection of real-time advanced persistent, increasing trend of IoT, connected network devices, and cloud computing, and rising adoption of advanced technologies in internet security across the globe.
Q4. What are the major segments for security analytics market?
Answer: The future of the security analytics market looks promising with opportunities in the BFSI, retail and ecommerce, media and entertainment, travel and hospitality, telecom and IT, and healthcare markets.
Q5. Who are the key security analytics companies?
Answer: Some of the key security analytics companies are as follows:
- IBM
- HPE
- Broadcom
- Splunk
- RSA Security
- FireEye
- Juniper Networks
- LogRhythm
Q6. Which security analytics segment will be the largest in future?
Answer: The analyst forecasts that small and medium-sized enterprises (SMES) will remain the larger segment over the forecast period due to escalating demand for end-point security solutions across various e-commerce start-ups like retail and financial sectors.
Q7. In the security analytics market, which region is expected to be the largest in the next 5 years?
Answer: North America will remain the largest region due to the growing frequency of data breaches, malware assaults, and persistent threats and increasing acceptance of technological advancements in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1.What are some of the most promising, high-growth opportunities for the security analytics market by component (platform, services, and professional services), organization (large enterprises and small and medium-sized enterprises (SMES)), application (web security analytics, network security analytics, endpoint security analytics, application security analytics, and others), vertical (BFSI, retail and ecommerce, media and entertainment, travel and hospitality, telecom and IT, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- IBM
- HPE
- Broadcom
- Splunk
- RSA Security
- FireEye
- Juniper Networks
- LogRhythm
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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