SecurityWorldMarket

29/06/2016

Security Analytics market to reach over $9Bn by 2021

Hadapsar, India

A recently published security analytics report from researchers Marketsandmarkets estimates the market to grow from USD 2.83 Billion in 2016 to USD 9.38 billion by 2021, at a compound annual growth rate (CAGR) of 27.1%.

The major forces found by the analysts that are driving the security analytics market are the rise in sophistication level of threats and security breaches, and stringent regulations and compliance requirements. The security analytics market is growing rapidly because of the growing security needs of IoT and BYOD trends, and increased deployment of web & cloud-based business applications.

Security analytics solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT and BYOD trends and connected number of endpoints are susceptible for Advanced Persistent Threats (APTs). Endpoint security analytics is expected to witness highest CAGR in the APAC market during the period 2016-2021. North America is expected to witness a largest market share in 2016, due to the presence of a number of security vendors in the region.

In the report the security analytics market has also been segmented by various industry verticals, out of which the adoption of security analytics is expected to be the largest in the government & defense vertical as the critical data & applications used by the vertical are prone to advanced threats. Moreover, the IT & Telecom, healthcare, and retail vertical is expected to gain traction during the forecast period.

North America is expected to hold the largest share of the security analytics market in 2016 due to the technological advancements and early adoption of security analytics in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, and China.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their market share. Some of the major technology vendors described in the analysis include Cisco Systems, IBM, Hewlett Packard, EMC RSA, Fireeye, Arbor Networks, Logrhythm, Alert Logic, Blue Coat, and Alienvault.


Tags

Product Suppliers
Back to top