DUBLIN, Jun 22, 2021--(BUSINESS WIRE)--The "Security Analytics Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The security analytics market was valued at US$2.981 billion in 2019 and is expected to grow at a CAGR of 33.65% to reach a market size of US$22.705 billion by the year 2026.
ARBOR NETWORKS, INC.
Hewlett-Packard Enterprise Development LP
Cisco Systems, Inc.
RSA Security LLC
Security analytics tools are very crucial for any form of enterprise as these tools enable to identify and rank threats 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. 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. It also performs forensic analysis to better comprehend attack methods and system vulnerabilities.
The key drivers of the security analytics market are the rise in the level of sophistication of security breaches and threats, rapidly growing compliance requirements, and stringent regulations. In addition, the growing numbers of cyber threats from advanced targeted attacks (ATA) or advanced persistent threats (APT) are projected to propel market growth. Often, the APTs or ATAs remained undetected, due to which they stay within the enterprise networks for a longer period; this causes severe damages to the network infrastructure.
To prevent such attacks companies can implement real-time monitoring of servers, endpoints, network traffic, network logs, and diverse event data from applications and perform forensic analysis by adopting security analytics solutions. Thus, to curb and prevent such attacks the adoption of security analytics is bound to prevail to easily detect and remediate these threats. The standard security solutions, fail to detect data leakages owing to which the companies suffer huge data breaches and threats. According to a report by FireEye, Inc., 2017, it takes a median time of 99 days to detect an ATP or ATA. The damage caused by the treats these days is severe. By adopting security analytics, such threats can easily be identified and prevented, this adoption will subsequently accelerate the market growth for the security analytics market during the forecast period.
Increasing demand for analytics
Multiple benefits of security analytics solutions
Lack of qualified Information Technology personnel
Impact of COVID-19
The Covid-19 pandemic promoted remote working across the globe, which resulted in the growth of the usage of third-party networks, digital platforms, and personal computing devices, which in turn created an opportunity for numerous phishing attacks, online frauds, cybercrimes, and ransomware attacks, etc. Organizations worldwide, adopted advanced analytics security solutions to manage and detect anomaly behavior of any suspicious attacks in their networks. This resulted in the tremendous growth of the security analytics market. Furthermore, the United States Department of Homeland Security (DHS), the National Cyber Security Centre (NCSC), and the Cybersecurity and Infrastructure Security Agency (CISA) issued notifications to organizations against cyber threats. This further made the organizations aware of the severity of these threats, which encouraged them to adopt these solutions. Hence, the pandemic positively impacted the security analytics market.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Security Analytics Market Analysis, By Application
5.2. Web Security Analytics
5.3. Network Security Analytics
5.4. Endpoint Security Analytics
5.5. Application Security Analytics
6. Security Analytics Market Analysis, By Service
6.2. Managed Services
6.3. Professional Services
7. Security Analytics Market Analysis, By Deployment Method
8. Security Analytics Market Analysis, By Organization Size
9. Security Analytics Market Analysis, By Vertical
9.3. Government and Defense
9.4. Banking, Financial Services, and Insurance (BFSI)
9.5. Energy and Power
9.6. Communication and Technology
10. Security Analytics Market Analysis, By Geography
11. Competitive Intelligence
11.1. Competitive Benchmarking and Analysis
11.2. Recent Investment and Deals
11.3. Strategies of Key Players
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/4jwqgp
View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005594/en/
Laura Wood, Senior Press Manager
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