The security analytics market was valued at US$1.751 billion in 2017 and is expected to grow at a CAGR of 30.14% to reach a market size of US$6.534 billion by the year 2022. Security analytics tools are very crucial for any form of an enterprise as these tools enable to identify and rank threat according to priority, plan appropriate responses and launch them against threats. Security infrastructure is required in every type of organization irrespective of the size of a company or the kind of information is stored in the organization. Though security analytics is too beneficial but securing analytics tools for security is a tedious job. Security analytics mechanisms help companies to execute real-time monitoring of servers consolidate and coordinate diverse event data from an application, endpoints and network traffic, and network logs, and moreover, it also performs forensic analysis to better comprehend attack methods and system vulnerabilities.
Some of the factors which drive the sectors analytics market are increasing the level of sophistication of threats and security violations by hackers on regular basis across different enterprises operating throughout the world. Moreover, increasing adoption of cloud computing services and growth of Big Data will also provide the necessary impetus to the market growth. However, huge investment required to execute this system and lack of skilled personnel acts as a hindrance to the higher adoption of these solutions.
Geographically, the security analytics market is set to expand in North American region owing to rising incidents of security infringement, prolonged sophisticated attacking and the presence of outdated defense mechanisms in the organizations in the region. Asia Pacific is also set to witness a high market growth on account of increased networking activities by the two nations of the region India and China. These two nations have started to engage in digitization of businesses and also cloud services are also increasingly being deployed by small, medium, and large enterprises.
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Security analytics. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Security Analytics Market has been segmented on the basis of application, service, deployment, organization size, vertical and type and geography as follows:
Web Security Analytics
Network Security Analytics
Endpoint Security Analytics
Application Security Analytics
By Deployment Model
By Organization Size
Government and Defense
Banking, Financial Services, and Insurance (BFSI)
Energy and Power
Communication and Technology
Europe Middle East and Africa
Middle East and Africa
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are LogRhythm, Inc., ARBOR NETWORKS, INC. and Hewlett-Packard Enterprise Development LP among others.