Security Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Security Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:

The global security analytics market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.

Security analytics refers to a proactive security approach that uses big data analytics and machine learning to gather, categorize and analyze data from network devices. It is primarily aimed at managing the security of an organization’s digital infrastructure and prevent advanced threats. It is based on data mining and threat detection algorithms that are focused on providing digital asset metadata, geo-location, threat intelligence and internet protocol (IP) context-related analytical results. It provides real-time alerts from workstations, servers, mobile devices, sensors and other endpoints, monitors network traffic volume and maintains third-party threat intelligence feeds.

The increasing number of cyber threats and security breaches across the globe is one of the key factors driving the growth of the market. In line with this, the widespread adoption of security analytic tools across organizations for discovering patterns and prioritizing network-based threats to obtain insights for preventing data losses and future intrusions is also contributing to the market growth. The increasing utilization of cloud-based services and big data tools is acting as another major growth-inducing factor. Cloud deployment of security analytics offers web-based management and enterprise-wide protection solutions that have enhanced scalability, network security and speed. Additionally, the development of network security analytics that can perform deep packet analysis of the network traffic to identify malware and mitigate it, is also creating a positive outlook for the market. Other factors, including increasing investments by government and defense organizations to combat advanced cyber threats, along with the development of Next-generation firewalls, Intrusion Prevention Systems (IPS), anti-malware gateways and endpoint security applications, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global security analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, application, deployment mode, organization size and vertical.

Breakup by Component:

Solutions
Services
Professional Services
Managed Services

Breakup by Application:

Application Security Analytics
Web Security Analytics
Endpoint Security Analytics
Network Security Analytics
Others

Breakup by Deployment Mode:

Cloud-based
On-premises

Breakup by Organization Size:

Small and Medium Enterprises
Large Enterprises

Breakup by Vertical:

BFSI
Healthcare
Manufacturing
Consumer Goods and Retail
IT and Telecom
Government and Defense
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Alert Logic Inc. (Welsh, Carson, Anderson & Stowe), Alienvault Inc. (AT&T Cybersecurity), Arbor Networks Inc. (NETSCOUT Systems, Inc.), Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, LogRhythm Inc. (Thoma Bravo, LLC), McAfee LLC (TPG Capital & Intel Corporation), RSA Security LLC. (Dell Technologies Inc.) and Splunk Inc., etc.

Key Questions Answered in This Report

1. What was the size of the global security analytics market in 2022?
2. What is the expected growth rate of the global security analytics market during 2023-2028?
3. What are the key factors driving the global security analytics market?
4. What has been the impact of COVID-19 on the global security analytics market?
5. What is the breakup of the global security analytics market based on the component?
6. What is the breakup of the global security analytics market based on the application?
7. What is the breakup of the global security analytics market based on deployment mode?
8. What is the breakup of the global security analytics market based on the organization size?
9. What is the breakup of the global security analytics market based on the vertical?
10. What are the key regions in the global security analytics market?
11. Who are the key players/companies in the global security analytics market?