The global security analytics market is expected to witness a CAGR of 13.09%, during the forecast period (2018-2023).
This report provides information about the leading players in the market and a corresponding detailed analysis of the top vendors in the security analytics market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market. Increasing adoption of mobile devices and growing demand for cloud computing technologies and Internet of Things are the major factors fueling the market growth. Other driving factors include the increasing level of sophistication of threats and security breaches, and stringent regulations and compliance requirements.
Convergence of Security Intelligence to Drive the Market
Cloud computing and Bring Your Own Devices (BYOD) trend are rapidly growing across different businesses and industries. This has led to a significant increase in the number of devices and software connected to networks, such as, cloud databases, mobile devices, and routers. The continuously expanding scope of internal network-connected devices in the globally-spread and digitally-advanced organizations has made the system more susceptible to security breaches, data loss, and thefts. Adoption of security analytics tools is expected to hinder the intrusions into the organizations, along with the provision of analyzing the threat occurrences and sources.
Market Players: ALERT LOGIC, INC, ARBOR NETWORKS, INC., BLUE COAT SYSTEMS, INC., CISCO SYSTEMS, INC., EMC RSA, HEWLETT-PACKARD ENTERPRISE, IBM CORPORATION, LOGRHYTHM, INC., FIREEYE, INC, OPEN TEXT CORPORATION and FUJITSU LIMITED, amongst others.
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Network Security Analytics is Anticipated to Have the Highest Market Share
The Endpoint security is expected to grow exponentially during the forecast period, owing to the growing demand for IoT and BYOD trends. Network security analytics is anticipated to have the highest market share, owing to the increasing adoption of mobile devices and growing demand for cloud computing technologies. Furthermore, with the rise in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data, the imposition of stringent regulations and compliance requirements by various organizations (owing to growing attacks on the critical network infrastructures) is also aiding the segment to grow significantly.
Asia-Pacific is expected to have Largest Growth Rate
North America holds the major share in 2017 due to its early adoption of security analytics and technological advancements in the region, while APAC is expected to grow at an exponential rate, owing to emerging economies, such as India and China, which are rapidly deploying security analytics solutions, Asia-Pacific is poised to be the fastest growing region in the global market. These countries also have a vast number of small and medium-sized companies that are digitizing their business and adopting cloud-based services, thereby increasing the need for security analytical solutions.
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Regions Covered in this report are as Follows:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
Key Developments in the Market
- November 2017 – Alert Logic launched managed rule groups for AWS WAF for providing enhanced protection against vulnerabilities for WordPress
- October 2017 – Abror Networks introduced advanced DDoS protection for small and medium enterprises. This provides DDoS defense (against all types of threats), Integrated global threat intelligence that is easy to deploy and operate.
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