What is the global market size of Security Analytics Market?

Global Security Analytics Market size was valued at USD 12 billion in 2021 and is poised to grow from USD 13.94 billion in 2022 to USD 53.86 billion by 2030, growing at a CAGR of 16.2% in the forecast period (2023-2030).

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 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.

Global Security Analytics Market Report Snapshots

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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 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. '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 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.

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.

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.

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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

Global Security Analytics Market Dynamics

Global Security Analytics Market Report Snapshots

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