In order to secure the network infrastructure and the devices connected to it, security analytics is required. The security analytics market is gaining rapid importance owing to increasing cyber vulnerabilities and threats. Detection, mitigation, and analysis of persistent threats and targeted attacks are carried out through security analytics. Some of the major end- users include energy and utilities, IT and telecom and government and defense. Endpoint security analytics is anticipated to play a major role in changing the scenario of the industry and is expected to observe significant growth in the coming future. In addition, data and information application are estimated to dominate the industry.
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The global security analytics market is segmented into its application, service, deployment mode, organization size, end-user, and geography. Based on application, the global market is divided into network security analytics, web security analytics, application security analytics, end-point security analytics and others. On the basis of service, the segregation is seen as professional services and managed services. Professional services further include training and education, consulting and support and maintenance. Based on deployment mode, the global market is divided into cloud and on-premises. On the basis of organization size, the division is seen into small and medium enterprises and large enterprises. Based on end-user the segregation is seen into government and defense, consumer goods and retail, BFSI, healthcare, IT and telecom, energy and utilities, education, manufacturing, transportation, and others. The global security analytical market is diversified into regions such as North America, Europe, Middle East and Africa, Asia-Pacific and Latin America.
The rise in sophistication level of threats and security breaches, growing security needs, increased deployment of web and cloud-based business applications, developing new and better security products and stringent regulations and compliance requirements are some of the major forces driving the security analytical market. In addition, the convergence of big data analytics with the security intelligence and increasing managed security services are providing potential growth opportunities in the global security analytics market. Government and defense are the major end-users of security analytics. Factors such as finding the appropriate security tool suiting the company’s security requirements, inefficient knowledge related to security threats and methods to evade them, lack of qualified security professionals restrain the growth of the market. In addition, labor shortage in cybersecurity acts as a barrier to the growth of the security analytical market.
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North America has the biggest share in the global security analytical market and is expected to dominate the market in the future as well owing to the presence of a number of security suppliers in this region. This is followed by a steady growth in the Asia Pacific region especially in emerging economies such as China and India owing to rapidly developing technology, digitalization of businesses and increasing awareness about potential security threats. Growth in the security analytical market will be witnessed in the regions of North America, Europe, Latin America and the Middle East and Africa.
Some of the major companies in the global security analytical market are Cisco Systems Inc., Hewlett-Packard Enterprise, IBM Corporation, FireEye Inc., EMC RSA, Arbor Networks Inc., Alert Logic (Click Security), LogRhythm Inc., Juniper Networks, AlienVault, Inc. and Blue Coat Systems Inc
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