USD 12 billion
Global Security Analytics Market Size, Share, Growth Analysis, By Offerings(Solutions, Services), By Application(Web Security Analytics, Network Security Analytics), By Organization Size(SMEs, Large Enterprises), By Industry Vertical(BFSI, Telecom & IT) - Industry Forecast 2024-2031
Report ID:
SQSG45B2006 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
121 |
Figures:
77
Global Security Analytics Market Insights
Global Security Analytics Market size was valued at USD 12 billion in 2019 and is poised to grow from USD 13.94 billion in 2023 to USD 53.86 billion by 2031, growing at a CAGR of 16.2% in the forecast period (2024-2031).
The growing superiority of mature threat actors in conducting threat assaults that go unnoticed using predefined security tools or signature matching technologies is prompting organisations to implement security analytics solutions. Furthermore, the industry is being driven by rising cyber threats such as advanced targeted assaults (ATA) and advanced persistent threats (APT). APTs or ATAs frequently go unnoticed and persist on business networks for extended periods of time, causing catastrophic harm to the network architecture. As a result, the use of security analytics to detect and mitigate such risks is increasing.
US Security Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solutions
Fastest Growth
Solutions
Growth Rate
16.2% CAGR
Global Security Analytics Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Security Analytics Market Size By Type , 2021-2028 ($ Bn)
Global Security Analytics Market Size By Type, 2021-2028 (%)
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Global Security Analytics Market Segmental Analysis
Based on offerings the global security analytics market is bifurcated into Solutions & Services. Based on application the Security Analytics Market is bifurcated into web security analytics, network security analytics, endpoint security analytics, application security analytics, and others. By organization size, the Security Analytics Market is segmented into SMEs, Large Enterprises. By vertical, the Security Analytics Market is categorized into BFSI telecom & it, retail, healthcare, government & defence, manufacturing, and others. Based on region the global security analytics market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Security Analytics Market Analysis by Type
In terms of offers, the solutions category had the highest revenue share of more than 60% in 2021. The market is classified based on the many types of solutions and services provided by cybersecurity providers to identify, analyze, and diagnose unknown threats by analysing the behaviours of their abnormalities. This was linked to the growing requirement to detect sophisticated intrusions and enhance reaction time in breach prevention. Furthermore, the growing requirement to comply with changing industry and government norms and regulations is driving segment expansion.
Global Security Analytics Market By Type , 2021(%), 2023 (%)
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Global Security Analytics Market Regional Insights
With a market share of more than 40% in 2021, North America led the security analytics industry. Security analytics use is predicted to increase significantly throughout the projection period. In 2021, the United States will have the highest revenue share in the area. Key variables such as the increased frequency of data breaches, malware assaults, and sophisticated persistent threats, along with the region's greatest technology usage, all contribute to regional growth. Furthermore, increased investment in cybersecurity solutions and need for security compliance management solutions are some of the main drivers driving security analytics usage in North America.
Global Security Analytics Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Security Analytics Market Dynamics
Security Analytics Market Driver
Demand for pattern recognition, prioritising of network-based risks with actionable intelligence to avoid data loss, and prevention of further infiltration
- Security analytics solutions have progressed beyond rule-based detection to data science techniques such as Machine Learning (ML) and Artificial Intelligence (AI). This is due to environmental variables such as increasing data quantities, infrastructural complexity, and a shortage of experienced security specialists. To effectively manage threats, security teams must integrate security analytics with the wealth of machine-generated data seen in most business contexts. Network traffic analysis, endpoint detection, SIEM, and User Behavior Analytics (UBA) tools collect this data and disclose who is doing what in the IT environment, as well as when and how they are doing it.
Security Analytics Market Restraint
Inadequate automation
- A company may need to extract application-specific data from logs. For example, if a salesperson downloads an abnormally high amount of data from the Customer Relationship Management (CRM) system, the business will be interested in knowing about it. It is critical to gather as much valuable data as possible to provide the raw data required by the security analytics tool to detect occurrences and inform administrators. When a company has a modest number of servers and a simple network architecture, it may be viable to manually check logs. For security breaches, attackers are employing complex and sophisticated technologies. The security analytics industry is being propelled by rising internet penetration and government restrictions. However, the industry is expected to be hampered by a lack of competence and information regarding sophisticated targeted assaults.
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Global Security Analytics Market Competitive Landscape
The shifting threat landscape and its ramifications across all application areas have given security professionals and suppliers a chance to reinvent their product lines. Established security providers are actively interested in adopting modern technologies like as artificial intelligence, analytics tools, user-behavior analysis, and machine learning to detect Advanced Target Attacks (ATA) events and attack patterns in real-time.
Security Analytics Market Top Players Company Profiles
- IBM
- Cisco Systems, Inc.
- FireEye, Inc.
- RSA Security LLC (a subsidiary of Dell Technologies Inc.)
- LogRhythm, Inc.
- McAfee, LLC (a subsidiary of Intel Corporation)
- Hewlett Packard Enterprise Development LP (HPE)
- Rapid7, Inc.
- Splunk Inc.
- Securonix, Inc.
- Symantec Corporation (a subsidiary of Broadcom Inc.)
- AlienVault, Inc. (a subsidiary of AT&T Cybersecurity)
- Juniper Networks, Inc.
- NetIQ Corporation
- Forcepoint LLC (a subsidiary of Raytheon Technologies Corporation)
- Proofpoint, Inc.
- Exabeam, Inc.
- LogPoint A/S
- Verint Systems Inc.
- Trend Micro Incorporated
Security Analytics Market Recent Developments
- In June 2022, Trellix, the cybersecurity start-up announced a partnership with Hispanic Alliance for Career Enhancement (HACE) to create a comprehensive mentorship and educational program.
- In June 2022, IBM and SL Green Realty Corp. announced that SL Green will use IBM sustainability tools to assist them to progress their ESG strategy. SL Green will employ Envizi, an IBM Company, software to better evaluate and report on its environmental initiatives, as well as to discover the potential for increased efficiency and to further advance sustainability throughout its broad real estate portfolio.
- In May 2022, Broadcom announced the acquisition of VMware for Approximately $61 Billion in Cash and Stock. The new VMware is projected to provide customers greater choice and flexibility to address the most complex IT infrastructure challenges.
- In January 2022, Trellix, a merger of cybersecurity giants McAfee Enterprise and FireEye, is aiming to be the market leader in XDR (extended detection and response) technology by combining applications from the two previously separate companies into an interoperable suite of threat prevention, detection, and response products.
Global Security Analytics Key Market Trends
- Global demand for security analytics solutions is driven mostly by network security applications. Security analysis, unlike other more well-behaved issue fields, does not lend itself readily to statistical analysis. In most situations, programmers lack the essential data required to create an accurate analytical engine.
- Given the inclination of attackers to continually adapt to changes, programmers have an almost difficult challenge in developing network security analytics solutions. Furthermore, in recent years, there have been several incidents of network and web-app security breaches that have resulted in catastrophic harm to various significant organisations and governments throughout the world.
- Bayesian models have domain conceptual alignment and the capacity to reason on incomplete data, but machine learning has the sheer strength and ability to deal with the vast amounts of data required by current networks, which are expanding beyond conventional uses.
Global Security Analytics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Extranet-based team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Security Analytics Market research report also captures the market roadmap with market sizes, revenue forecasts, value chain, market & product trends, price trends and regulations, competitive landscape, leading players, and their key developments, strategy, and profile. The Global Security Analytics Market report aims to provide an overview of Security Analytics Market players with detailed market segmentation by product, application, and geographical region.
According to our analysis, in terms of industrial vertical, the BFSI category held the greatest proportion of more than 20% in 2021. Rising phishing attempts and frauds in third-party payment integrations, increased dangers from using mobile banking applications, and more stringency to comply with regulatory requirements are all contributing to sector growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12 billion |
| Market size value in 2031 | USD 53.86 billion |
| Growth Rate | 16.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Security Analytics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Security Analytics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Security Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Security Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Security Analytics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Security Analytics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Security Analytics Market Report Snapshots
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