Security Analytics Market Growth
Security analytics market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of mobile communication devices and increasing adoption of cloud computing technologies. Major driving factor in the growth of security analytics market is the rapid increase increasing need for sophisticated security analytics techniques in order to secure data. Growth of digitization is another major factor driving the growth of security analytics market. Growing demand for innovations and increasing technological advancements is also another major factor responsible for fueling the growth of security analytics market.
Major giants like Cisco Systems and IBM Corporation are driving the growth of security analytics market with continuous innovations in the security intelligence and analytics. IBM QRadar is recognized to be the market leader in the security analytics market. Due to increasing adoption of web based and cloud based applications, more and more amount of data is being generated and is exposed to malicious activities over the internet. To protect, analyze and make the most out of this data, it needs to be in a structured format. Increasing awareness about data security among end users is major factor driving the growth of security analytics market.
Security analytics market has been segmented on the basis of application, service, organization size, deployment and vertical. The service segment is bifurcated into professional services and managed services. Out of which, the managed services sub segment is expected to hold the largest market share in the security analytics market. This is owing to the growing need of organizations to comply with various regulatory compliances across the world. Increasing adoption of internet of things and growing popularity of BYOD are other major factors driving the growth of security analytics market.
Market Segmentation
The global security analytics market has been segmented in terms of service, application, deployment, vertical, and organization size.
By application, the market breaks down into application security analytics, web security analytics, end point security analytics, network security analytics, and others. The network security analytics segment enjoys the largest share of the global security analytics market and is projected to continue maintaining its standings over the forecast period. This is due to the increasing demand linked with cloud computing technologies and surging adoption and penetration of mobile devices. However, the end-point security analytics segment is anticipated to grow with the highest CAGR during the forecast period due to the expanding number of security vendors.
By service, the market segments into consulting, support & maintenance, professional services, training & education, and managed services.
By organization size, the market divides into SMEs and large organizations.
By deployment, the market branches into on-premise and cloud deployments.
By vertical, the market comprises transportation, government & defense, BFSI, IT & telecommunication, healthcare, manufacturing, education, retail, and others.
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Security Analytics MarketA new market study, titled “Security Analytics Market” has been featured on Market Research Future.In this rapidly changing world of technology, security analytics market is projected to show major growth prospects during the forecast period.
Major factor driving the security analytics market is the increasing adoption of cloud services and rise in sophisticated level of threats and security breaches.
Increasing web and cloud based applications are also responsible for driving the growth of security analytics market.The global security analytics market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.
In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity.
Growing adoption of cloud computing technologies is another major factor driving the growth of security analytics market in the region.
Increasing adoption of mobile devices is another major factor driving the growth of security analytics market in the region.Free PDF@ https://www.marketresearchfuture.com/sample_request/4211The security analytics market is growing rapidly over 27% of CAGR and is expected to reach at approx.
Security Analytics Market A new market study, titled “Security Analytics Market ” has been featured on Market Research Future.The global security analytics market is expected to expand at a strong 27% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The report presents a detailed analysis of the major drivers and restraints affecting the global security analytics market, including projections of how these key factors are expected to affect the market in the near future.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/4211Security analytics help in analyzing unusual traffic between servers.
The growing use of online and mobile services in the BFSI sector has been a major driver for the global security analytics market over the last few years.
As banking has become more orientated toward the consumer, many BFSI entities have developed online capabilities to allow consumers to conduct transactions in a convenient manner.
The IT and telecom sector is also likely to be a major end user of security analytics over the forecast period in order to protect confidential user data and communications.
