The global security analytics market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.
Security analytics refers to a combination of software, algorithms, and analytic processes used to detect potential threats to information technology (IT) systems. It combines real-time and historical data from sources of information, including server logs; feeds from third-party threat intelligence, IT security applications, network traffic volume, and types; and alerts from workstations, sensors, mobile devices, and other endpoints. As a result, organizations across the globe are deploying security analytics tools to analyze potential threats.
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Market Trends
Rapid advancements in malware and other cyber exploits, in confluence with the increasing digitization of business processes, represent one of the key factors driving the need for security analytics technologies to detect and prevent complex cyberattacks, including advanced persistent threats (APT). Apart from this, as security analytics allows enterprises to comply with stringent government and industry regulations, the rising focus of employers on expanding the geographical reach of their business is anticipated to influence the market positively.
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List of Key Companies Covered in this Market Report:
Alert Logic Inc. (Welsh, Carson, Anderson & Stowe)
Alienvault Inc. (AT&T Cybersecurity)
Arbor Networks Inc. (NETSCOUT Systems, Inc.)
Cisco Systems Inc.
Fortinet Inc.
Hewlett Packard Enterprise Development LP
International Business Machines Corporation
LogRhythm Inc. (Thoma Bravo, LLC)
McAfee LLC (TPG Capital & Intel Corporation)
RSA Security LLC. (Dell Technologies Inc.)
Splunk Inc.
The report has segmented the market on the basis of component, application, deployment mode, organization size, vertical and geography.
Breakup by Component:
Solutions
Services
Professional Services
Managed Services
Breakup by Application:
Application Security Analytics
Web Security Analytics
Endpoint Security Analytics
Network Security Analytics
Others
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:
BFSI
Healthcare
Manufacturing
Consumer Goods and Retail
IT and Telecom
Government and Defense
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
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