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Security Analytics Market to Witness Huge Growth by Key Players:IBM, Cisco, Splunk, RSA, FireEye and Others.

02-20-2020 01:26 PM CET | IT, New Media & Software

Press release from: ReportsandReports

Security Analytics Market to Witness Huge Growth by Key

The "Security Analytics Market" report presents an in-depth assessment of the Security Analytics including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2019 till 2024.

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The Security Analytics Market size is projected to grow from US$ 7.8 Billion in 2019 to US$ 18.1 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period.. This report spread across 190 Pages, Profiling 21 Companies and Supported with 104 Tables and 56 figures is now available in this research.

Major Vendors profiled in the Security Analytics Market:
IBM (US)
Cisco (US)
Splunk (US)
RSA (US)
FireEye (US)
HPE (US)
McAfee (US)
Symantec (US)
LogRhythm (US)
Huntsman Security (Australia)
Securonix (US)
Gurucul (US)
Juniper Networks (US)
Hillstone Networks (China)
Exabeam(US)
Rapid7 (US)
Alert Logic (US)
Forcepoint (US)
Assuria (UK)
Haystax (US)

"On-premises deployment mode to witness higher growth rate during the forecast period"
On-premises deployment is the traditional approach to implement security analytics solutions across enterprises. On-premises solutions provide organizations with full control over all platforms and systems, which can be handled and managed by their own Information Technology (IT) staff. When data centers are housed onsite, applications handling data can be improved by adding new security updates that verify new virus signatures and provide countermeasures to deal with them.

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"By vertical, the banking, financial services and insurance segment to record a highest growth rate during the forecast period"
Banking, Financial Services and Insurance (BFSI) is an industry term for commercial banks, insurance institutes, and non-banking financial organizations that provide financial products and services. Service providers are expanding their offerings to maintain a competitive edge in the market, save costs, and improve customer experience with value-added services. BFSI and other financial institutions are upgrading cybersecurity solutions to protect the industry's employees, customers, assets, offices, branches, and operations, and to optimize against internal and external threats.

"The large enterprise segment to hold a larger market size during the forecast period
Enterprises with more than 1,000 employees are considered large enterprises. Large enterprises are one of the early adopters of security analytics solutions. They are faced with the troublesome task of effectively managing security on the diverse nature of IT infrastructure spread across the enterprise, mostly complex in nature. In addition to this, with the technological innovations and the rapid adoption of the BYOD culture, enterprises now not only have to protect the endpoints that are physically connected to enterprise networks but also have to manage their systems and endpoints that are interconnected to the enterprise network from a remote location.

Competitive Landscape of Security Analytics Market:
1 Introduction
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies

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Reason to access this report:
The report is expected to help market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall security analytics market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.

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