Security Analytics Market Key Players, Application, Demand, Industry Research Report by Regional Forecast to 2028, The Insight Partners

According to our latest market study on "Security Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Deployment, Application, Organization Size, and Industry," the market was valued at US$ 12,076.36 million in 2021 and is projected to reach US$ 34,226.73 million by 2028; it is expected to grow at a CAGR of 16.0% from 2021 to 2028. Security Analytics market report offers one of the best solutions to know the trends and opportunities in Security Analytics industry. The report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Furthermore, this Security Analytics research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Thus, the report makes businesses to focus on the more important aspects of the market.

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The security analytics market is segmented on the basis of component, deployment, application, organization size, industry, and geography. Based on component, the market is bifurcated into solution and services. The solution segment contributed a larger revenue share in 2020. Based on deployment, the market is bifurcated into on-premise and cloud-based. The cloud-based segment contributed a larger revenue share in 2020. Based on application, the security analytics market is segmented into network security analytics, endpoint security analytics, application security analytics, web security analytics, and others. In 2020, the network security analytics segment led the market globally. By organization size, the market is bifurcated into small and medium enterprises, and large enterprises.

In 2020, the large enterprises segment led the market globally. Based on industry, the security analytics market is segmented into BFSI, government, IT and telecom, healthcare, energy and utilities, consumer goods and retail, manufacturing, and others. In 2020, the BFSI segment led the market globally. Geographically, the security analytics market is segmented into five key regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). North America held the largest revenue share in 2020, followed by Europe and APAC. APAC is projected to be the fastest growing region from 2021 to 2028.

The Key Players In The Global Security Analytics Market Are:

•IBM Corporation
•Hewlett Packard Enterprise Development LP (HPE)
•Cisco Systems
•Broadcom
•McAfee,
•Splunk,
•Huntsman Corporation
•SolarWinds Worldwide
•Rapid7
•RSA Security

Impact of COVID-19 Pandemic on Security Analytics Market

The COVID-19 pandemic has affected most businesses globally. The continuous growth in the number of virus-infected patients compelled governments to put a bar on the transportation of humans and goods due to travel bans, mass lockdowns, and business shutdowns.

The imposition of lockdowns has resulted in the lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.

The rising cases of COVID-19 have influenced industries to promote remote working environments and follow work from home policy. Following such standard protective measures has resulted in growth in the usage of third-party networks, digital platforms, and personal computing devices. The use of such network connectivity solutions increases the risks of cyberattacks and other malware. Furthermore, the surge in digital traffic presented an opportunity to numerous online frauds, phishing attacks, denial of inventory, and ransomware attacks. Due to the increased risk of cybercrimes, enterprises look for advanced analytics-based security solutions to detect and manage any abnormal behavior in the networks. Thus, with the growing remote working facility, the need for security analytics solutions is also increasing.

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The Segments and Sub-Section of Security Analytics Market are shown below:

By Type (Solutions, Service);

By Solution (Network Security Analytics, Web Security Analytics, End Point Security Analytics, Others);

By Industry (Manufacturing, Automotive, Food & Beverage, Healthcare, and Retail & Ecommerce)

By Deployment (On-premise, Cloud, Hybrid);

By Industry Vertical (BFSI, Telecom and IT, Government and Defense, Consumer Goods and Retail, Others) and Geography

Over the past few years, big data analytics has become a significant research interest among practitioners and researchers. Swift growth in data volume and complexity, owing to the rising traffic of mobile data and cloud computing and increasing development and uptake of new technologies, such as artificial intelligence (AI) and the Internet of things (IoT), is propelling the demand for big data analytics technologies. These technologies have an enormous potential to transform the business entirely. Big data platforms effectively analyse the vast structured and unstructured data sets. Big data analytics technology helps gain actionable insights from the structured and massive data quantity available in unstructured data from various sources, such as the web and social media. Big data analysis's insight helps security analytics gather, categorize, and analyse data collected from network devices to detect advanced threats, thereby, creating lucrative opportunities for the security analytics market. With continued digital transformation, the use of cloud-based platforms has increased. The ease of deployment time and a significant reduction in the cost of deployment have fuelled their demand considerably.

What questions does the Security Analytics Market report answer about the regional reach of the industry

The report claims to split the regional scope of the Security Analytics Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration

•How do the sales figures look at present How does the sales scenario look for the future
•Considering the present scenario, how much revenue will each region attain by the end of the forecast period
•How much is the market share that each of these regions has accumulated presently
•How much is the growth rate that each topography will depict over the predicted timeline

Reasons for buy this Report

•Highlights key business priorities to assist companies to realign their business strategies.
•The key findings and recommendations highlight crucial progressive industry trends in the Security Analytics market, thereby allowing players to develop effective long term strategies.
•Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
•Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
•Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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Contact Us:

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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