Market Scenario:
According to the latest research report from Market Research Future (MRFR). The global security analytics market is expected to reach a valuation of approximately USD 43.6 billion by 2030, according to the MRFR report. The report profiles the global security analytics market in detail and presents a comprehensive overview of the market for readers. 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 soon.
Security analytics is an approach to cybersecurity focused on the analysis of data to produce proactive security measures. It combines software, algorithms, and analytic processes to detect potential threats to IT systems. Security analytics tools detect behaviors that indicate malicious activity by collecting, normalizing and analyzing network traffic for threat behavior. It can also be used to identify, protect, and troubleshoot security events that threaten IT systems using real-time and historical data. Security analytics can also be used to detect attacks that are targeting networked systems and devices, as well as identify covert channels of communication.
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Competitive Outlook:
Leading players in the global security analytics market include Alien Vault Inc., Blue Coat Systems Inc., Alert Logic Inc. (Click Security), LogRhythm Inc., Arbor Networks Inc., FireEye Inc., EMC RSA, HP Enterprise, IBM Corporation, and Cisco Systems Inc. Major tech giants such as Cisco, IBM, and HP are making significant investments in the security analytics sector due to the growing use of mobile devices for communication and data sharing. The growing demand for cloud computing and the Internet of Things is also likely to be a major driver for investment in the security analytics sector over the forecast period.
Segmentation:
By application, the global security analytics market is segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others. The network security analytics segment holds the largest share in the global security analytics market.
By service, the global security analytics market is segmented into professional services, consulting, training and education, support and maintenance, and managed services.
By organization size, the global security analytics market is segmented into SMEs and large enterprises.
By deployment, the global security analytics market is segmented into cloud and on-premise.
By end use vertical, the market is segmented into BFSI, healthcare, manufacturing, retail, education, IT and telecommunication, transportation, government and defense, and others.
Regional Analysis:
North America holds the largest share in the global security analytics market. Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
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Industry News
The global Security Analytics market Share Report Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Security Analytics market Share Report Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Security Analytics market Share Report Market Size for the forecast period.
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