Security Analytics Market 2021 Net Worth is US$ 28.55 billion and Forecasts by 2028 | Top Key Companies: Splunk Inc., Rapid7, Inc., IBM Corporation, Hewlett Packard Enterprise Development LP, FireEye, Inc....

Security Analytics Market 2021-2028

New study report " Security Analytics Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.

Market Overview-

The global security analytics market size is projected to reach USD 28.55 billion by 2028, exhibiting a CAGR of 24.3% during the forecast period. Frequent cyber-attacks and the resultant data breaches will be the central growth driver for this market, shares Fortune Business Insights™ in its recent report, titled “Security Analytics Market Size, Share & Industry Analysis, By Component (Solutions, and Services), By Application (Network Security Analytics, Web Security Analytics, Endpoint Security Analytics, and Application Security Analytics), By Vertical (BFSI, Government and Defense, IT and Telecommunication, Manufacturing, Healthcare, Energy and Utilities, and Others), and Regional Forecast, 2020-2027”. In the past few years, as digitization of data picked up speed among private companies and governments, the threat of cyber-attacks has gotten correspondingly more magnified. Some of the most severe cyber-attacks have occurred in just the past couple of years. For example, in 2019, Facebook reported that between 419 million and 540 million of its records have been exposed as a result of data harvesting done by Cambridge Analytica in 2018. In the same year, Capital One, one of the largest financial institutions in the US, revealed that its firewalls were breached by a hacker and critical data was stolen. Such incidents have made adoption of efficient security analytics essential for enterprises and will propel the growth trajectory of the market.

According to the report, the value of the market stood at USD 5.05 billion in 2020.

Key Players-

The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Security Analytics Market 2021-2028 for showing a prominent place to the key players in the market.

Top Key Players in this market are:

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.

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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.

Market Driver-

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 option to their employees. As a result, cloud-based applications are experiencing surging demand and teleconferencing has emerged as the most viable solution to maintain 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.

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.

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.

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The report also contains the following:

Detailed insights into the drivers, trends, and restraints shaping the market;
In-depth evaluation of the all the market segments;
Precise computation of relevant market figures and values; and
Comprehensive analysis of the regional dynamics and competitive milieu of the market.
Table of Content:

Introduction
Executive Summary
Market Dynamics
Key Insights
Global Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
North America Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
Europe Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
Asia Pacific Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
Middle East & Africa Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
Latin America Wireless Sensor Market Analysis, Insights and Forecast, 2021-2028
Competition Matrix
Global Wireless Sensor Market Revenue Share Analysis, 2018
Company Profile

Continue….

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About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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