Security Analytics Market Forecast, Trends, Drivers, Insights to 2029

Security analytics uses big data analytics and machine learning to gather, categorize, and analyze data collected from network devices to detect advanced threats. The data used in security analytics can be collected in several ways such as network traffic, end-point & user behavior data, cloud resources, business applications, non-IT contextual data, identity & access management, and external threat intelligence sources. The need of security analytics is increasing due to rapid advancements in malware and cyber exploits.

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Major shift toward bring your own device (BYOD) trend along with penetration of Internet of Things (IoT) devices drives the growth of the market. Moreover, with growth in adoption of advanced technologies, the instances of cyber-attacks have also increased, which will drive the demand for security analytics, thus fueling the growth of the market. However, lack of expertise and awareness is expected to restrain the growth of the market. Furthermore, growth in adoption of big data analytics and cloud infrastructure due to COVID-19 pandemic is expected to provide lucrative opportunities for the market.
Increase in number of cybercrimes:
As the technology is improving and organizations are adopting these advanced technologies, the number of cybercrime and security breaches is also increasing. However, security analytics offers endpoint security with user behavior, proof of compliance, external threat alert, cloud & network traffic analysis, and access & identity analytics to help organizations to move forward with the adoption of technology with improved security. Therefore, with the increased usage of technology and rise in cybercrime rates, the adoption of security analytics solution is expected to increase which is estimated to drive the growth of the market.

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Key Market Players -

• Cisco Systems Inc.
• Hewlett-Packard Enterprise .
• Fire Eye Inc.
• Alert Logic
• Juniper Networks
• Blue Coat Systems Inc.
• Arbor Networks Inc.
• LogRhytm Inc.
• IBM Corp.
• International Business Machine Corp.

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Key benefits of the report:

• This study presents the analytical depiction of the global security analytics market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global security analytics market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global security analytics market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

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