The global security analytics market is anticipated to grow at a considerable CAGR of 12.9% during the forecast period. Security analytics is an approach to cyber security that uses data collection, data aggregation, and analysis tools for threat detection and security monitoring. The deployment of security analytics tools can analyze security events to detect potential threats before they can negatively affect the company’s infrastructure and bottom line. The field of cyber security is rapidly growing owing to the advances in the techniques and tactics of cyber attackers. For instance, in September 2022, Iranian hackers targeted Albanian computer systems, forcing Albanian officials to temporarily shut down the total information management system, a service used to track individuals entering and exiting Albania.
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Furthermore, in September 2022, hackers targeted Montenegro’s government networks, rendering Montenegro’s main state websites and government information platforms inaccessible. In August 2022, hackers breached Italy’s energy agency, Gestore dei Servizi Energetici (GSE), compromising servers, blocking access to systems, and suspending access to the GSE website for a week. All such Attacks are often difficult to detect, as they happen in a short period, and the indicators can be dispersed across different data sources, such as network servers, endpoints, and applications. Security analytics thus provide viable solutions with visibility into complex attack techniques to stay on top of vulnerabilities and one step ahead of cybercriminals. Furthermore, with an increase in cybercrimes across the regions the market players are actively introducing new and enhanced security solutions which are anticipated to drive the global security analytics market during the forecast period. For instance, in October 2021, Splunk Inc. released a series of new product innovations designed to help organizations securely embrace digital transformation by providing the security visibility needed to accelerate time to detection, investigation, and response. Led by new enhancements to Splunk Security Cloud and Splunk SOAR, Splunk provides organizations with a comprehensive Security Operations Center (SOC) platform with intelligence, analytics, and automation.
Global Security Analytics Market Report Segment
By Component
- Solutions
- Services
By Application
- Web Security Analytics
- Network Security Analytics
- Endpoint Security Analytics
- Application Security Analytics
- Others
By End-Users
- BFSI
- Government and Defense
- Consumer Goods and Retail
- IT and Telecom
- Healthcare
- Energy and Utilities
- Manufacturing
- Other
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Security Analytics Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ALERT LOGIC
- Broadcom Inc.
- Cisco Systems, Inc.
- Exabeam, Inc.
- FireEye Security Holdings US LLC
- Forcepoint LLC
- Fortinet, Inc.
- Hewlett Packard Enterprise Co.
- Hillstone Networks
- IBM Corp.
- Juniper Networks, Inc.
- LogRhythm, Inc.
- McAfee, LLC
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