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An increasing number of cyber-attacks across the world have pushed institutions across the world to look for means to safeguard their data on the Internet or on their respective intranets. This has caused a rise in demand for security apparatuses like security analytics. Since this method uses data collection from multiple sources, its consolidation, and analysis to predict attacks and understand vulnerabilities, there is greater security upon employing such measures. Increasing connectivity of different computer systems over different continents can further help the reliability of security analytics in preventing cyber-attacks. Furthermore, with the improvement of computer science branches which are complementary to security analytics, this field is expected to qualitatively improve over time.
In developed regions like North America, there is a considerable market share because of existing companies offering services in security analytics. Furthermore, connectivity to internet and integration on cloud-based technologies is common across North America and Europe. The same pattern is expected to be repeated in Asia Pacific, where the potential for growth is high, especially for rapidly growing economies.
Cisco Systems (NYSE: CSCO) is a major player in the global security analytics which is well known for its connectivity apparatuses. Many of these major companies are present in North America, but with partnerships with local companies in other regions, there is considerable scope in other regions too.
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The major players in the global security analytics market are Cisco Systems, Hewlett Packard Enterprise Development LP, IBM Corporation, FireEye Inc., Juniper Networks Inc., and Logrhythm Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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