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 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.

Global Security Analytics Market Report Snapshots

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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 Insights

Global Security Analytics Market Report Snapshots

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