The Global Security Analytics Market is expected to grow at a significant CAGR during the forecast period. To detect sophisticated threats, security analytics use big data analytics and machine learning to collect, categorize, and analyse data acquired from network devices. Network traffic, end-point & user behaviour data, cloud resources, business applications, non-IT contextual data, identity & access management, and external threat intelligence sources are some of the data sources used in security analytics. Because of the fast developments in malware and cyber-attacks, the demand for security analytics is increasing. According to ISF, an independent and non-profit group of major businesses from across the world, the number, magnitude, and costs of data breaches are all expected to rise further in the future.
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One of the main reasons driving the market’s growth is the rising number of cyber threats and security breaches around the globe. In accordance with this, increased usage of security analytic tools across businesses for detecting trends and prioritizing network-based threats to get insights for preventing data loss and future incursions, is also helping in the market growth. Another important growth-inducing element include the increased use of cloud-based services and big data technologies. Cloud-based security analytics deployment provides web-based management and enterprise-wide protection solutions with improved scalability, network security, and speed.
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In December 2019, IBM improved its IBM QRadar Advisor with Watson product by integrating IBM Cognitive AI with the QRadar Security Analytics Platform, to detect hidden risks and help users with incident and risk analysis, triage, and action.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component Type
o By Application
o By End-users
- Competitive Landscape- Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, and LogRhythm Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Security Analytics Market Segmentation:
By Component
- Solutions
- Services
By Application
- Web Security Analytics
- Network Security Analytics
- Endpoint Security Analytics
- Application Security Analytics
- Others
By End-users
- Banking
- Financial Services and Insurance (BFSI)
- Government and Defence
- Consumer Goods and Retail
- IT and Telecom
- Healthcare
- Energy and Utilities
- Manufacturing
- Other
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
