The global security analytics market was analyzed by Market Research Future (MRFR) and it was projected that a massive CAGR of 27% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the security analytics market was further stated to surpass its previous valuation and reach USD 15 Billion by 2023.
Security analytical tools help enterprises maintain an effective threat management system and keep track of any unusual traffic in-between servers. Its use case is one of the major driving factors of growth for the global market. Additionally, trends like Bring Your Own Device (BYOD) and an increasing adoption of Internet of Things (IoT) is also pushing the growth of the global security analytics market.
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.
The global security analytics market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW). The North American region is the highest share holder of the global security analytics market. The region is followed up by Europe and Asia Pacific. Among these, the Asia Pacific region is projected to grow during the forecast period with the highest CAGR.
The global security analytics market comprises a host of key players. This includes names like LogRhythm, Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), Alien Vault, Inc. (U.S.), Arbor Networks, Inc. (U.S.), FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), EMC RSA (U.S), Alert Logic, Inc. (Click Security) (U.S.), IBM Corporation (U.S.), and Blue Coat Systems, Inc. (U.S.).
June 2019, multinational software company, Check Point Software Technologies, announced the launch of a new solution named CloudGaurd Log.ic. The solution delivers cloud-native threat protection as well as security intelligence. Using CloudGaurd Log.ic, the enterprise customers have a power visibility to see any and every data flow and audit trail in this modern day elastic cloud environment. The company is on a continuous pursuit of finding and developing the latest solutions to prevent advanced threats.
Feb 2019, Gurucul, one of the leaders in behavioral security and fraud analytics technology, announced today a new version of its Gurucul Risk Analytics (GRA) platform 7.0. The new version further extends the behavioral security analytics with pre-built ML models that covers the entire IT stack. The GRA 7.0 is capable of unifying siloed analytics to bring forward real-time anomaly and risk detection.
June 2019, Stellar Cyber, a leading security analytics service provider, announced the very first Unified Security Analytics Platform named Starlight 3.1. The platform leverages the power of AI and ML to automate threat hunting and detect advanced level of breaches. This is expected to allow businesses to not only detect and eradicate emerging and potential threats but also enjoy advantages like saving time, human capital, and manage costs.
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