SecurityWorldMarket

12/11/2015

Security analytics to be worth $7.1B

Hadapsar, India

The security analytics market size is estimated to grow from USD 2.1 Billion in 2015 to USD 7.1 Billion by 2020, at a CAGR of 27.6% from 2015 to 2020 according to the latest research from Marketsandmarkets. Security analytics redefines security information and event management by providing effective network security capabilities to predict and mitigate the potential threats. As the frequency of sophisticated attacks on enterprises is growing, the security analytics market is expected to gain traction during the forecast period.

Analaysts found that the major forces driving the security analytics market include a rise in the sophistication level of security breaches, growing government regulations and standards for cyber security, and increasing adoption of cloud-based security solutions. Enterprises are looking for multi-layered risk-based security solutions integrated with big data analytics to provide them with real-time threat intelligence. Furthermore, strict government regulations on data security are also pushing organisations to deploy security solutions to safeguard the network against potential threats. With rapid cloud-based security solutions adoption, both SMBs and large enterprises are willing to spend more on security to strengthen their security infrastructure.

The data and information security analytics is expected to hold the largest market share, whereas endpoint security is expected to play a key role in changing the security analytics landscape during the forecast period.

The government and defense vertical is expected to hold the largest market share of the security analytics market according to the research. Verticals such as BFSI, healthcare, and retail will be the key growing verticals during the forecast period. The report also covers the total security analytics market by region. North America is expected to hold the largest market share, however, APAC is projected to grow at the highest CAGR from 2015 to 2020. Vendors cited in the report as being the major players in the security analytics market include IBM, HP, EMC RSA, Juniper Networks, Logrhythm, Inc., Arbor Networks, and Blue Coat Systems.

The scope of the report covers detailed information regarding the major factors influencing the growth of the security analytics market such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the security analytics market.


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