Security Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Security Analytics Market Analysis
The security analytics market will register a CAGR of 10.7% during the forecast period. Cyberattack types and frequency have exponentially increased due to the internet's rapid expansion. The growth of big data across computer networks quickly makes these conventional methods obsolete, even though several well-known cybersecurity solutions are used to defend against these threats.
- Security analytics work with IT resources and use automated security intelligence to respond to the constant changes in the environment.Automating and making tactical modifications should be firmly connected with security policy controls.
- The current network architecture is more vulnerable to hackers because of the growth of IoT and the speed and scope of digital transformation. Big data analytics will be a key part of any effective cyber security solution because it will be necessary to quickly process the high-velocity, high-volume data from many different sources in order to find anomalies and attack patterns as soon as possible. This will make the systems less vulnerable and more resilient.
- Rules-based detection has given way to data science techniques like machine learning (ML) and artificial intelligence (AI) in security analytics solutions. This is a response to outside problems like more data, more complicated infrastructure, and a lack of skilled security experts. Most of the time, for security teams to be effective, they need to combine security analytics with a huge amount of machine-generated data.
- Costs are much higher for businesses of all sizes because there are more and more data breaches and more documents that are affected.
- The COVID-19 epidemic significantly impacted the world economy and changed people's communication and work. These drastic changes helped spammers and hackers thrive in the cyber world. Because of this, it was predicted that the security analytics market would benefit significantly from the rise in cyberattacks caused by the pandemic.
Security Analytics Market Trends
This section covers the major market trends shaping the Security Analytics Market according to our research experts:
Network Security Analytics to Account for Significant Share
- The largest global market for security analytics products is network security applications. At the point where the business network and the public Internet connect, security tools like a next-generation firewall (NGFW), an intrusion prevention system (IPS), and a secure web gateway (SWG) have been installed. The majority of on-site business programs, users, and devices provide visibility and control over all incoming and outgoing network traffic.
- Statistical analysis isn't easy to use in security analysis, unlike in other fields where things are more stable.Because attackers often adapt to changes, it is usually very hard for programmers to make solutions for network security analytics.Thus, ongoing network monitoring is necessary to seek out signs of dangerous or intrusive threats. It frequently works in conjunction with other security technologies like firewalls, antivirus programs, and IDPs. The software can be used to monitor network security automatically or manually.
- Additionally, network security analytics solutions are becoming more reliable as machine learning algorithms replace conventional solutions based on the Bayesian probability theory, which holds that it is possible to predict with high accuracy the likelihood of something occurring by capturing every aspect of a problem and mathematically calculating possible outcomes.
- Network security has become one of the most important topics in cybersecurity because of how often, how different, and how likely it is that new and more destructive attacks will happen in the future. Network security mechanisms make it possible for computers, users, and programs to do important tasks in a safe environment.
North America to Account for Major Share
- One of the most important areas for the adoption and expansion of new technology is North America, specifically the US and Canada, with its supportive government policies to foster innovation, vast industrial base, and high purchasing power. The US represents a sizable market for security analytics across several industries. This nation is home to the vast majority of security analytics platform developers.
- North America has more data breaches, malware attacks, and advanced persistent threats. This is helping the security analytics industry grow in North America.In North America, the adoption of security analytics is also affected by the need for security compliance management systems and the rise in investments in cybersecurity solutions.
- End-user industries in the region were among the first to use analytics solutions, so they could stay ahead of other regions.In order to enable the proactive use of security analytics, this has helped both major enterprises and small and medium-sized businesses develop their infrastructure and databases. The understanding of the damage caused by advanced targeted threats and the capacity of security analytics systems to identify and thwart APT or ATA in real-time are both growing in the region.
- Businesses like Cylance Inc., the top provider of AI-driven, prevention-first security solutions, and Securonix, a North American provider of SIEM and user and entity behavioral analytics in security analytics, recently announced a partnership to support the interoperability of CylancePROTECT with the new release of the Securonix Security Analytics Platform. This shows the growing trend toward cloud solutions in security analytics.
Security Analytics Industry Overview
The network security market comprises several global and regional players, including technology and networking giants such as IBM and McAfee. Further, this market is characterized by growing levels of product penetration, moderate product differentiation, and high levels of competition. Some key players in the market are Arbor Networks Inc., RSA Security LLC (RSA), and Cisco.
In June 2022, Alert Logic will expand global distribution of its leading managed detection and response solution through a new strategic partnership with TD SYNNEX, where an agreement will make Alert Logic the choice for a global network of technology partners seeking to offer comprehensive MDR to customers.
In April 2022, Cisco announced the Secure Firewall 3100 Series, a midrange multipurpose firewall appliance with a new architecture designed for hybrid work. This series offers high performance and flexibility to empower hybrid workers and firewall administrators who manage their cloud and hybrid firewalls from anywhere.
CrowdStrike and Mandiant formed a strategic partnership in April 2022 to help their customers investigate, fix, and defend against increasingly complex cybersecurity events that affect businesses around the world. As part of the deal, Mandiant will use the CrowdStrike Falcon platform and subscription options to offer proactive consulting and incident response (IR) services to customers of both companies.
Security Analytics Market Leaders
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Alert Logic Inc.
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Arbor Networks Inc.
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Broadcom Inc. (Symantec Corporation)
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Cisco Systems Inc.
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RSA Security LLC
*Disclaimer: Major Players sorted in no particular order
Security Analytics Market News
- July 2022: Falcon OverWatch Cloud Threat Hunting, a new cloud threat hunting service from Crowdstrike, was launched, giving security teams the capability to continuously identify sophisticated and covert threats that originate from and remain in cloud settings. This helps onsite analysts identify vulnerabilities that put sensitive data at risk.
- June 2022: Ensono partnered with ATPCO to deliver continuous monitoring, threat detection, leading Mainframe-as-a-Service, disaster recovery, and private cloud services to achieve high operational excellence. ATPCO will have complete technical and commercial flexibility that fits its current and future business needs through these services.
Security Analytics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of COVID-19 Impact on the market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Level of Sophistication of Threats And Security Breaches
5.1.2 Rise in IoT and BYOD Trend
5.2 Market Restraints
5.2.1 Lack of Data Integration and Connectivity
6. MARKET SEGMENTATION
6.1 By Application
6.1.1 Network Security Analytics
6.1.2 Application Security Analytics
6.1.3 Web Security Analytics
6.1.4 Endpoint Security Analytics
6.2 By End-user Industry
6.2.1 Healthcare
6.2.2 Defense and Security
6.2.3 Banking and Financial Services
6.2.4 Telecom and IT
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Alert Logic Inc.
7.1.2 Arbor Networks Inc.
7.1.3 Broadcom Inc. (Symantec Corporation)
7.1.4 Cisco Systems Inc.
7.1.5 RSA Security LLC
7.1.6 Hewlett-Packard Enterprise Co.
7.1.7 IBM Corporation
7.1.8 Logrhythm Inc.
7.1.9 Fireeye Inc.
7.1.10 Splunk Inc.
7.1.11 Fortinet Inc.
7.1.12 McAfee LLC
7.1.13 Micro Focus International PLC
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Security Analytics Industry Segmentation
Security analytics uses tools to collect, combine, and analyze data to keep an eye on security and find threats.Security analytics data can be collected in several ways, including network traffic. Endpoint and user behavior data. With the increasing use of the internet in both developed and developing countries, security analytic solutions should become more widely adopted because the internet is now connected to every technology in the modern world, giving cybercriminals easier access to data.
The security analytics market is segmented by application (network security analytics, application security analytics, web security analytics, and endpoint security analytics), end-user industry (healthcare, defense and security, banking and financial services, telecom and IT), and geography (North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
| By Application | |
| Network Security Analytics | |
| Application Security Analytics | |
| Web Security Analytics | |
| Endpoint Security Analytics |
| By End-user Industry | |
| Healthcare | |
| Defense and Security | |
| Banking and Financial Services | |
| Telecom and IT |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East & Africa |
Security Analytics Market Research FAQs
What is the current Security Analytics Market size?
The Security Analytics Market is projected to register a CAGR of 10.70% during the forecast period (2024-2029)
Who are the key players in Security Analytics Market?
Alert Logic Inc., Arbor Networks Inc., Broadcom Inc. (Symantec Corporation), Cisco Systems Inc. and RSA Security LLC are the major companies operating in the Security Analytics Market.
Which is the fastest growing region in Security Analytics Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Security Analytics Market?
In 2024, the North America accounts for the largest market share in Security Analytics Market.
What years does this Security Analytics Market cover?
The report covers the Security Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Security Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Security Analytics Industry Report
Statistics for the 2023 Security Analytics market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Security Analytics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
