Global Security Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Security Analytics Market: Overview

“The global Security Analytics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Security analytics is focused on providing asset metadata, geo-location, threat intelligence, and IP context-related analytical results. Organizations benefit by implementing security analytics to proactive security incident detection and response, maintenance of regulatory compliance, improved forensics capabilities and many others.

Security analytics is based on data mining and threat detection algorithms. The process involves collection & aggregation of data, and provides analytical tools which are used for security monitoring and threat detection. Depending on the types of analytical tools installed by an organization, the security analytics solutions incorporates diverse data sets into their detection algorithms.

Global Security Analytics Market: Dynamics

Increasing number of cyber threats and security breaches across the world is expected to increase adoption of security analytics market.

Security analytics provide benefits such as endpoint and user behavior, proof of compliance during an audit, external threat intelligence sources, business applications, cloud traffic analysis, network traffic analysis, and access and identity management analytics. As a result of the various advantages, revenue from the global security analytics market is expected to increase significantly during the forecast period.

Growing need for transitioning from protection to detection and unified view of the enterprise, coupled with growing need to predict risk-based investments are some other factors expected to boost growth of the target market in the near future.

Increasing adoption cloud-based services is resulting into high demand for security analytics solutions among various organizations, and this is further fuel growth of the target market.

However, high cost associated with adoption of innovative software solutions and low budget allocations towards security framework are factors that could restraint growth of the target market.

Increasing convergence of security intelligence with big data analytics, increasing investments to safeguard network infrastructure, and merger and acquisition activities in developing and developed economies are major revenue growth opportunities for players operating in the global market.

Global Security Analytics Market: Segment Analysis

Rising need to comply with multiple security regulatory norms for organizations globally is a factor expected to drive growth of the managed services segment among the component segments. The managed services segment is expected to dominate in terms of revenue contribution to the global market.

Among the deployment mode segments, the cloud segment is expected to witness high deployment for security analytics services owing to cost-efficient and time-efficient features offered by cloud. Deployments of this is high among small scale enterprises, wherein low cost solutions are more preferred.

Global Security Analytics Market: Region Analysis

The market in North America is expected to dominate and register highest revenue share in the global market during the forecast period.

Global Security Analytics Market Segmentation:

Segmentation by Component:

• Software
• Managed Services
• Consulting Services
• Training & Education Services
• Support & Maintenance Services

Segmentation by Organization Size:

• Large Enterprises
• Small and Medium-Sized Enterprises

Segmentation by Deployment Mode:

• Cloud
• On-Premise

Segmentation by Industry Vertical:

• BFSI
• Healthcare
• Education
• IT & Telecom
• Manufacturing
• Transportation
• Energy & Utilities
• Government & Defense
• Retail and Consumer Goods
• Others (Food & Beverage, Oil & Gas,)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa