Security Analytics Market Size ($ 34,226.73M by 2028)
New York, November 24, 2021 (GLOBE NEWSWIRE) – According to our new research study on Security Analytics Market Size, Share, Revenue, Growth, Trends, Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Solutions, Service); Solution (network security analysis, web security analysis, endpoint security analysis, others); Deployment (on-premise, cloud, hybrid); Industry verticals (BFSI, Telecommunications and IT, Government and Defense, Consumer and Retail, Others) and COVID-19 Impact Geography and global analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPTE100000317
|Market size value in||$ 12,076.36 million in 2021|
|Market size value according to||$ 34,226.73 million by 2028|
|Growth rate||CAGR of 16.0% for 2021 to 2028|
|number of pages||228|
|Number of diagrams & illustrations||107|
|Historical data available||Yes sir|
|Covered segments||Component, Deployment, Application, Organization Size and Industry|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country area||USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Sales forecast, company ranking, competitive landscape, growth factors and trends|
Security Analytics Market: Competitive Landscape and Key Developments
International Business Machines Corporation; The Hewlett Packard Enterprise Company; Cisco Systems, Inc .; Broadcom Corporation; Splunk Inc .; Hunter safety; RSA Security LLC; McAfee Corp; SolarWinds Worldwide, LLC; and Rapid7 are among the major players in the global Security Analysis Market. In addition, several other large market participants were examined and analyzed as part of this market research study in order to obtain a holistic view of the global market for security analysis and its ecosystem.
In June 2021, RSA Security released its REST API solution, which provides identity, security operations, and incident response teams with visibility into users who are exhibiting abnormal behavior in the organization based on users’ access patterns.
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One of the main drivers of the growth of the security analytics market is the increasing number of cyber threats and security breaches around the world. The increased implementation of security analysis tools in companies to identify trends and prioritize network-based risks in order to gain insights to prevent data loss and future break-ins is also contributing to market growth. Another key growth factor is the increased use of cloud-based services and big data tools. Security analyzes provided in the cloud offer web-based administration and company-wide protection solutions with increased scalability, network security and speed. Other factors, such as increased government and defense spending to combat advanced cyber threats and the development of next-generation firewalls, intrusion prevention systems (IPS), anti-malware gateways and endpoint security applications, should fuel market growth in the US in the coming years .
Companies and their partners in the supply chain are facing increased risks with regard to data security due to digitization and the emergence of social, mobile and networked technologies. In the face of escalating threats, security-related laws are becoming ever stricter. The integration supports the development of a unified interface and framework for business risks by security teams. Gurucul, a US-based cybersecurity company, provides behavior-based security analytics solutions that include reporting, monitoring, and case management. These features help organizations comply with regulations like HIPPA, PCI DSS, and GDPR. The aggregation, analysis and monitoring of security-relevant data in a company network are all functions of security analysis solutions.
Increasing number of cyber threats and security breaches worldwide:
With the advancement of IT infrastructure, the number of unethical hackers and other cyber attackers has increased significantly. The rise in cyber attacks has been fueled by the rise of the triple blackmail ransomware technique used by cyber attackers, which steals sensitive data from companies and threatens to release it publicly unless the customer does not meet the requested requirement. Cyber attackers target customers, vendors or business partners of companies in the same way. For example, according to Check Points’ mid-year 2021 Security Report, companies saw cyberattacks increase by 29% worldwide with the dramatic increase in ransomware attacks.
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Additionally, cyber attackers continue to adapt their work practices to take advantage of the transition to hybrid work and target corporate supply chains and network connections to partners for maximum disruption. The number of unethical hackers and other cyber attackers also increased rapidly during the spread of the COVID-19 pandemic. Because of this, the Cybersecurity and Infrastructure Security Agency (CISA), the US Department of Homeland Security (DHS) and the UK National Cybersecurity Center (NCSC) had issued alerts to companies regarding cyber threats, including unethical hackers and Advanced Persistent Theft (APT) .). ) Groups. Therefore, many countries have implemented security analysis systems in their companies. In October 2020, ABB Ltd. and IBM Corporation, for example, partnered to bridge the gap between cybersecurity and operational technologies (OT). As a first result of this collaboration, ABB Ltd. developed a new OT Security Event Monitoring Service that combines the know-how of ABB’s process control system domain with the IBM Security Event Monitoring offering to help industrial operators improve security. With the alarming rise in cyber threats and security breaches, the use of security analytics systems to protect companies from cyber attackers is increasing, thereby increasing market demand.
Security Analytics Market: Application Overview
Based on the application, the Security Analytics market is segmented into Network Security Analytics, Endpoint Security Analytics, Application Security Analytics, Web Security Analytics, and others. In 2020, the Network Security Analytics segment was the global leader in the market.
Key Questions Regarding Inquiry For Security Analysis Market:
- What are the key factors for the growth of the Security Analysis market?
- What are the key market opportunities for the Security Analysis Market?
- Which industry is likely to dominate the market in the forecast period?
- Which region dominated the security analytics market in 2020?
- Which are the key companies in the Security Analysis Market?
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