The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Security Analytics Market. The growth sectors of the Security Analytics Market are identified with precision for a better growth perspective.
In this rapidly changing world of technology, security analytics market is projected to show major growth prospects during the forecast period. Major factor driving the security analytics market is the increasing adoption of cloud services and rise in sophisticated level of threats and security breaches. Increasing web and cloud based applications are also responsible for driving the growth of security analytics market.
The global security analytics market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the security analytics market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of security analytics market. This is owing to the presence of large number of established key players like Cisco Systems, IBM Corporation, HP and Blue Coat Systems in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Growing adoption of cloud computing technologies is another major factor driving the growth of security analytics market in the region. Increasing adoption of mobile devices is another major factor driving the growth of security analytics market in the region.
The security analytics market is growing rapidly over 27% of CAGR and is expected to reach at approx. USD 15 Billion by the end of forecast period.
Security Analytics Market Segmentation
The security analytics market has been segmented on the basis of application, service, organization size, deployment and vertical. The deployment segment is further bifurcated into cloud and on premise deployment models. Out of which the cloud deployment model is gaining popularity owing to the cost effective solutions and flexibility being offered. Big data and predictive analytics play a major role in driving the growth of security analytics market. Predictive analysis of threat oriented data can save the organization from extra costs. Security analytics is beyond software licensing and involves extra costs of hardware, training and support too.
The prominent players in the security analytics market are – Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett-Packard Enterprise (U.S.), EMC RSA (U.S), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic, Inc. (Click Security) (U.S.), Blue Coat Systems, Inc. (U.S.), Alien Vault, Inc. (U.S.) and others.
Market Research Analysis:
The regional analysis of security analytics market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in security analytics market in North America is attributed to technical advancements and increasing adoption of mobile devices and growing popularity of cloud computing technologies in that region.
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