Press release
Security Analytics Market 2022: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2027
Security Analytics Market
New study report" Security Analytics Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2027″ has been added to Fortune Business Insights.
Market Overview:
The global security analytics market size is projected to reach USD 28.55 billion by 2027, exhibiting a CAGR of 24.3% during the forecast period.
At the beginning of a recently published report on the Security Analytics Market 2022-2029, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Security Analytics market.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2027. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Security Analytics market are revealed. The study of the Security Analytics market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2027.
Report Focus On:
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Growth dynamics
Quality assurance
Post-sales support
Regular report updates
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Drivers & Restraints:
COVID-19 Outbreak to Spawn New Growth Opportunities
The coronavirus pandemic has forced people to practice social distancing and compelled organizations to provide work-from-home options to their employees. As a result, cloud-based applications are experiencing surging demand and teleconferencing has emerged as the most viable solution to maintain the productivity of employees. However, excessive reliance on digital means to perform operations has exposed businesses to cyber threats. To counter this, many companies are offering analytics-driven security solutions to safeguard sensitive data. For instance, IBM partnered with a California-based company TruStar Technology to provide an intelligent management solution for enterprises, which is integrated with X-Force IRIS Intelligence, a security analytics tool tailored to manage COVID-19 threat intelligence. Thus, the market is likely to make significant gains if the pandemic continues its rampage and intensifies in the next few weeks.
Key Industry Development:
January 2020: RSA Security, the US-based network security expert, announced the commercial release and availability of the enhanced version of its RSA NetWitness Platform. The product is equipped with Machine Learning (ML) capabilities and advanced threat detection features, enabling enterprises to respond to threats in a timely manner.
October 2019: Splunk Inc., the US-based software MNC, unveiled enhancements across its suite of security operations, powered by the company's recently launched Splunk Mission Control solution. The suite will empower analysts to leverage data to efficiently manage security throughout the lifecycle of any threat.
List of Key Players Covered in the Security Analytics Market Report:
Splunk, Inc.
Rapid7, Inc.
IBM Corporation
Hewlett Packard Enterprise Development LP
FireEye, Inc.
Broadcom, Inc.
RSA Security LLC
McAfee, LLC
Huntsman Security
Fortinet, Inc.
Cisco Systems, Inc.
COVID-19 Impact:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Method of Research:
Fail-safe, modern research methodologies are employed for the Security Analytics market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Competitive Landscape:
Introduction of Advanced Security Solutions to Energize the Market
The competitive landscape of this market is dominated by tech giants such as Cisco and IBM. These companies have the financial wherewithal to invest and develop advanced cyber-security solutions for various end-users. The smaller players, on the other hand, are engaged in broadening their offerings through mergers and collaborations.
Regional Insights:
Rapid Technological Advancement to Augment the Market in North America
North America, with a revenue generation of USD 1.71 billion in 2019, is poised to lead the security analytics market share in the coming years owing active adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) across industries. Furthermore, both the US and Canada are home to some of the largest tech firms in the world, which gives this market a stable base to grow.
The exponential rise in the usage of mobile phones and the internet among populations in the developing countries of Asia-Pacific is expected to accelerate the growth of the market in the region. In Europe, the market will be mainly driven by the implementation of the General Data Protection Rules by the European Union (EU), which now makes it mandatory for organizations in the region to report data breaches.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Security Analytics Market Analysis, Insights and Forecast, 2022-2027
North America Security Analytics Market Analysis, Insights and Forecast, 2022-2027
Europe Security Analytics Market Analysis, Insights and Forecast, 2022-2027
Asia Pacific Security Analytics Market Analysis, Insights and Forecast, 2022-2027
Middle East and Africa Security Analytics Market Analysis, Insights and Forecast, 2022-2027
Latin America Security Analytics Market Analysis, Insights and Forecast, 2022-2027
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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