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Global Security Analytics Market to Reach USD 24 billion by 2026, Driven by Increasing Cyber Attacks

According to a new report by EMR titled, ‘Global Security Analytics Market Report and Forecast 2021-2026’, the market is likely to grow at a robust rate between 2021-2026 to reach a value of USD 24 billion by 2026.

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.

Market Analysis by Component, Deployment Mode, Organisation Size, Application, Industry and Region:

  • The market on the basis of component can be divided into solutions and services.
  • Based on deployment mode, the industry can be divided into cloud and on-premises.
  • The market can be divided on the basis of organisation size into small and medium enterprises, and large enterprises.
  • By application, it can be divided into web security analytics, network security analytics, endpoint security analytics, and application security analytics, amongst others. 
  • The markets can be segmented by industry into BFSI, telecom and IT, retail, healthcare, government and defence, and manufacturing and utility, amongst others.
  • The regional markets for security analytics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by factors like rising population, urbanisation, and the increased penetration of internet in the market.
  • Improved integration of different businesses across the internet and integrated on cloud-based storage has generated a greater need for security analytics.
  • Improvement in complementary fields in computer science have improved the reliability on security analytics.
  • Higher frequency of cyber attacks across the world have caused more companies to adopt this approach to safeguarding their data and systems.

Key Offerings of the Report:

  • The EMR report gives an overview of the global security analytics industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the component, deployment mode, organisation size, application, industry and regional markets of security analytics.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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