Global Security Analytics Market Expected to Reach XX Million 2025
According to new report published by Reports Monitor titled, “Global Security Analytics Market for by Application, Service, Organisation Size and Vertical: Global Opportunity Analysis and Industry Forecast 2017-2025,” the security analytics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at CAGR of XX% from 2017 to 2025.
Security analytics is required for securing the network infrastructure and for connecting the devices. The security analytics market is growing due to rising cyber vulnerabilities and possible threats. Security analytics measures mitigation, detection and finding persistent threats. Security analytics technology analyzes data which include asset metadata, threat intelligence and geo-location. Security analytics offers various benefits including maintaining regulatory compliance, proactive security system and better forensic capabilities and detect compliance during audit.
Security analytics market is segmented on the basis of application, service, organisation size, deployment, vertical and region. On the basis of application, the market is sub-divided into web security analytics, network security analytics, end point security analytics, application security analytics and others. On the basis of services, the market is sub- divided into professional services, consulting, training & education, support & maintenance and managed services. Based on organisation size, the market is sub-segmented into SMES and large enterprises. Based on deployment, the market is sub-segmented into cloud and on-premise. On the basis of vertical, the market can be sub- divided as healthcare, defense & security, telecom & IT, banking & financial services and education.
High adoption of security analytical tools, rising need for data security, advanced technology available in security analytics are the major factors that are driving the growth of the market. Rising incidents of security breaches and high need of stringent regulation related to security are the important factors that are fuelling the demand in the market. However, high cost of installation security analytics in the organisation is the factor that may restrict the growth of the market. On the other hand, integration of security analytics with big data analytics and cloud based system has led to anticipate the demand in the market.
Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Increasing use of cloud computing and bring your own device, rising demand for IoT and securing network infrastructure, rising need for threat level management are the factors that have led to significant growth of security analytics market in North America region followed by Europe and Asia- Pacific. Asia- Pacific region is driven by factors such as rising emerging economy, up gradation of small and medium scale enterprises; awareness regarding security analytical tools are other major factors that have led to continuous expansion of the market.
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