The global Security Analytics market Share is expected to expand at a strong 27% CAGR over the forecast period from 2017 to 2023.
Security analytics help in analyzing unusual traffic between servers. Thus, security analytics tools provide assistance in figuring out potential threats and attacks on the end user. The growing use of online and mobile services in the BFSI sector has been a major driver for the global security analytics market over the last few years. As banking has become more orientated toward the consumer, many BFSI entities have developed online capabilities to allow consumers to conduct transactions in a convenient manner. This has proved to be a highly popular move, with BFSI entities that haven’t developed online capabilities falling by the wayside as the convenience of online banking sees companies soar to higher profits and higher customer engagement. Online banking takes away the toils of brick-and-mortar banking and provides banking services to customers in a more easily accessible manner. However, online banking is prone to a new type of threat cyberattacks. This has led to a growing demand for effective security protocols for online banking to protect confidential customer information. The growing use of mobile devices for online banking is also likely to be a major driver for the global security analytics market over the forecast period.
The IT and telecom sector is also likely to be a major end user of security analytics over the forecast period in order to protect confidential user data and communications. The increasing variety of information being propagated by telecom users is likely to necessitate an increasing use of effective security architecture to protect the confidential data being shared. This is likely to drive the demand from the security analytics market over the forecast period.
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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.
The global security analytics market is segmented on the basis of application, service, organization size, deployment, end use vertical, and region.
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.
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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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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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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