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Forecast Year
The global security analytics market is likely to grow at a healthy rate and reach a value of about USD 28.55 billion by 2032. The industry is expected to rise rapidly because of increasing digitisation and internet connectivity across almost all spheres of work.
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The growth of the global industry is likely to be led by the North America region in the forecast period. Due to the high concentration of most security analytics firms in North America, the largest share in the market is present in North America. This is a result of security analytics-related technologies being taken up by numerous corporations in North America in all scales of business and the widespread availability of internet connectivity and integration on cloud-based technologies or networks. The pattern can be seen in Europe too, for the same reasons. In the Asia Pacific region, while the market share is still low, the growth potential is far greater in the long run, especially in emerging economic powers.
IT systems have a wide variety of technologies in the form of software, algorithms, and analytic processes to secure their systems from cyber-attacks. The steps involved in this include data collection, consolidation, and data analysis to better understand vulnerabilities in the cyber system. This involves taking previous and current data, which may be sourced from the system logs, security applications, alerts from end-point devices or from third-party feeds. Subsequently, the data is analysed using methods like behavioural patterns, network analysis, and forensics.
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The industry can be segmented as follows on the basis of component:
The industry can be segmented by deployment mode as follows:
The security analytics market can be divided on the basis of organisation size into:
It can also be segmented by application into the following:
The market can be segmented by industry:
The market can be segmented region-wise into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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Over the past decade, connectivity to the internet has improved in every field and with such greater connectivity, the possibility of cyber crimes has also risen in terms of sophistication and frequency, which has emphasised the need for security analytics. With differing patterns of such cyber-attacks, security analytics has been a much-desired option by analysing multiple patterns, networks and feedbacks from autonomous systems. As recovery costs after a major data breach are far too high, companies will instead choose to invest into security analytics. Other factors which can contribute positively to the expansion of the security analytics market is the rise of complementary computer science fields which aid in the improvement of the overall effectiveness of security analytics.
The report gives a detailed analysis of the following key players in the global security analytics industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Deployment Mode |
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Breakup by Organization Size |
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Breakup by Application |
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Breakup by Industry |
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Breakup by Region |
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Market Dynamics |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Security Analytics Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 28.55 billion by 2032.
The major market drivers include rapid urbanisation, growing population, and increasing accessibility to high internet connectivity.
The increasing prevalence of cyberattacks, the rise of complementary computer science fields, and technological advancements and innovations are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant components of security analysis are solutions and services.
The major deployment modes of security analytics are cloud and on-premises.
The various organisation sizes considered in the market report are small and medium enterprises and large enterprises.
The major applications of security analytics are web security analytics, network security analytics, endpoint security analytics, and application security analytics, among others.
The various industries of security analytics are BFSI, telecom and IT, retail, healthcare, government and defence, manufacturing, and energy and utility, among others.
The major players in the market are Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, FireEye, Inc., Juniper Networks, Inc., and LogRhythm, Inc. among others.
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