Global Security Analytics Market Overview, Regional Analysis, Market Share and Competitive Analysis by 2028

Latest market study on "Security Analytics Market to 2028 By Type (Solutions, Service); Solution (Network Security Analytics, Web Security Analytics, End Point Security Analytics, Others); Deployment (On-premise, Cloud, Hybrid); Industry Vertical (BFSI, Telecom and IT, Government and Defense, Consumer Goods and Retail, Others); - The security analytics market is expected to grow from US$ 12,076.36 million in 2021 to US$ 34,226.73 million by 2028; it is estimated to grow at a CAGR of 16.0% during 2021-2028. With the advancement in IT infrastructure, the number of unethical hackers and other cyber attackers has increased substantially. The surge in cyber-attacks has been fueled by the rise of the triple extortion ransomware technique used by cyber attackers, stealing sensitive data from organizations and threatening to release it publicly unless the client does not fulfill the desired requirement. Cyber attackers are also targeting organizations' customers, vendors, or business partners in the same way. For instance, according to Check Points mid-year security report 2021, organizations have experienced a 29% increase in the number of cyber-attacks globally with the dramatic rise in ransomware attacks.

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The Key Players In The Global Security Analytics Market Are:
• IBM Corporation
• Hewlett Packard Enterprise Development LP (HPE)
• Cisco Systems, Inc.
• Broadcom, Inc.
• McAfee, LLC
• Splunk, Inc.
• Huntsman Corporation
• SolarWinds Worldwide, LLC
• Rapid7
• RSA Security LLC

Security Analytics Market Insights
Growth in Adoption of Advanced Technologies Boost the Demand for Security Analytics Market
The surge in telecomputing has potentially increased the use of vulnerable devices and services, including virtual private networks (VPN), posing a threat to any organization. With the rising use of the Internet, the demand for telecomputing is also increasing in businesses. For instance, in 2021 it has been observed that there were 4.66 billion Internet users present globally (59% of the global population), of which 92.6% (4.32 billion) accessed the internet through mobile devices. Furthermore, during the COVID-19 outbreak, businesses have to follow the government norms of remote working. Thus, the number of virtual private networks (VPNs) increased to facilitate data sharing and connecting all devices together.

Online communication platforms, such as Zoom and Skype, have witnessed a substantial rise across several organizations, making business processes vulnerable against malicious activities and ransomware and phishing attacks, as they are more exposed to open platforms. These situations have led to offering customized and robust analytics-driven security solutions to organizations. For instance, Unify Square, Inc. offers Power Suite tool that helps manage, amplify, and secure business environment with Zoom analytics solutions. Hence, with the growing adoption of advanced technologies, security analytics systems have also increased, resulting in significant growth in the global security analytics market.

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The players operating in the security analytics market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players in the security analytics market are listed below:

• In July 2021, Cisco introduced a new Catalyst industrial router line that extends the enterprise network's power to the edge while providing the flexibility, security, and scalability required for IoT success. The portfolio, which now includes 5G capabilities, enables enterprises to conduct connected operations at scale with a variety of management tools suitable to both IT and operations. The unified architecture accelerates deployments from the enterprise to the edge and facilitates collaboration between IT and operations.

• In May 2021, McAfee Corp., a device-to-cloud cybersecurity firm, announced a significant expansion of its MVISION Extended Detection and Response (XDR) solution by combining the extensive telemetry of McAfee's endpoint security, Secure Access Service Edge (SASE) solution, and threat intelligence solution powered by MVISION Insights. With unified control and visibility from device to cloud, these integrations defend enterprises against the most advanced threats while simplifying security operations.

Security Analytics Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Research objectives:
To understand the structure of Security Analytics Market by identifying its various sub segments.
Focuses on the key global Security Analytics Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Security Analytics Market with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Security Analytics Market submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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