Security Analytics Market Technological breakthroughs by 2024

Security analytics tools refer to a variety of security event data collection, filtering, integrating, and linking tools that provide a detailed overview of the security of an organization’s digital infrastructure.

Principles of security analytics are applicable to any organization that has a large number of devices connected to the internal network, such as mobile devices, desktop computers, data servers, and routers.

Several factors have led to the increased worldwide adoption of security analytics tools in the past few years. The primary ones include the continuously expanding scope of internal networks and devices connected to them in today’s globally-spread and digitally-advanced organizations, the threat of data loss, theft, or manipulation at the hands of the increasingly sophisticated data breaches and other attacks, and the availability of security analytics tools with vast capabilities.

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However, the global security analytics market is witnessing a rapid change in its overall structure as top vendors are consolidating businesses, developers are devising tools with new features, and the tools that were available exclusively for on-premise deployment are also being made available on the cloud deployment platform.

The receptiveness of small- and medium-sized companies of sophisticated security analytics systems is rising at a significant pace and the pool of security analytics systems in the market is rapidly expanding. These factors are expected to present excellent growth opportunities for the global security analytics market over the report’s forecast period.

The report presents a detailed overview of the key demand and supply trends prevailing in the global security analytics market and analyzes their impact on the growth prospects of data analytics market. A detailed overview of the major growth drivers and restraints and analysis of their impact on the market’s future growth prospects have also been included in the report.

The report examines the market for some of the most popular security analytics features, the kinds of services available in the market, and the types of deployment methods of security analytics systems.

Market values for these segments have been examined for key end-use industries and regional markets. Demand trends for these market segments have also been analyzed based on the size of organizations.

Some of the most popular security analytics features in the current market include monitoring, reporting and visualization, forensics, data loss prevention, firewalls, malware scanners, intrusion detection systems, and intrusion prevention systems.

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Companies’ struggle to grow in the highly competitive business scenario of present times is leading to an increased demand for security analytics systems that can effectively minimize administrative overheads. This has led to the heightened popularity of security analytics systems/tools hosted on the cloud and virtual machine mediums. Over the report’s forecast period, cloud and virtual machine modes of security analytics deployment would be high amongst small- and mid-sized organizations.

Presence of a large number of organizations with advanced digital infrastructure in North America makes the region a lucrative market for security analytics. Nevertheless, Asia Pacific, which features a vast number of small- and mid-sized companies operating within key end-use industries for security analytics systems, is also expected to be a regional market with vast growth opportunities for security analytics.

The highly competitive and fragmented global security analytics market features vendors such as Lancope, EMC RSA Security, Juniper Networks, IBM, Arbor Networks, Dell SecureWorks, and Click Security.

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