Security Analytics Market Increasing At A Phenomenal Pace To Reach $54.25 Billion By 2032

Major companies in security analytics market are Cisco Systems Inc., Hewlett-Packard Enterprise, IBM Corporation, McAfee, FireEye Inc., Assuria (UK), AT&T Cybersecurity, Arbor Networks Inc, Juniper Networks, Forcepoint.   amongst others. These players are set to bolster the development of global security analytics market.

According to a report from Zion Market Research, the global Security Analytics Market was valued at USD 10.41 Billion in 2023 and is projected to hit USD 54.25 Billion by 2032, with a compound annual growth rate (CAGR) of 20.13% during the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Security Analytics Market By Component (Solution And Service), By Deployment (Cloud Based And On-Premises), By Organization Size (Small And Medium Enterprises, And Large Enterprises), By Application (Network Security Analytics, Web Security Analytics, Application Security Analytics, End-Point Security Analytics And Others), By Service (Professional Services And Managed Services), By End-User (Government And Defense, Consumer Goods And Retail, BFSI, Healthcare, IT And Telecom, Energy And Utilities, Education, Manufacturing And Others) And By Region Global Industry Perspective, Comprehensive Analysis And Forecast, 2023 – 2032.”

Technological Developments To Spur Growth

“The increasing technological developments and increasing complexity of cyber-attacks are expected to fuel the demand for security analytics” says the author of this study. Apart from this, increased deployment of web and cloud-based business applications, developing new and better security products and stringent regulations and compliance requirements are some of the major forces driving the security analytical market. In addition, the convergence of big data analytics with the security intelligence and increasing managed security services are providing potential growth opportunities in the global security analytics market. Government and defence are the major end-users of security analytics.

Factors such as finding the appropriate security tool suiting the company’s security requirements, inefficient knowledge related to security threats and methods to evade them, lack of qualified security professionals restrain the growth of the market. In addition, labour shortage in cybersecurity acts as a barrier to the growth of the security analytical market.

Presence Of Big Players In The Region Support North America Dominance

Regionally, North America has been leading the worldwide security analytics market and is anticipated to continue on the dominant position in the years to come, states the security analytics market study. North America expected to dominate the market in the future as well owing to the presence of a number of security suppliers in this region. This is followed by a steady growth in the Asia Pacific region especially in emerging economies such as China and India owing to rapidly developing technology, digitalization of businesses and increasing awareness about potential security threats. Growth in the security analytical market will be witnessed in the regions of North America, Europe, Latin America and the Middle East and Africa.

Browse the full “Security Analytics Market By Component (Solution And Service), By Deployment (Cloud Based And On-Premises), By Organization Size (Small And Medium Enterprises, And Large Enterprises), By Application (Network Security Analytics, Web Security Analytics, Application Security Analytics, End-Point Security Analytics And Others), By Service (Professional Services And Managed Services), By End-User (Government And Defense, Consumer Goods And Retail, BFSI, Healthcare, IT And Telecom, Energy And Utilities, Education, Manufacturing And Others) And By Region Global Industry Perspective, Comprehensive Analysis And Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/security-analytics-market

The global security analytics market is segmented as follows:

By Component

• Solution
• Services

By Deployment

• Cloud Based
• On-Premises

By Organization Size

• Small And Medium Enterprises
• Large Enterprises

By Application

• Network Security Analytics
• Web Security Analytics
• Application Security Analytics
• End-Point Security Analytics
• Others

By Service

• Professional Services

• Training And Education
• Consulting And Support
• Maintenance

• Managed Services.

By End-User

• Government And Defence
• Consumer Goods and Retail
• BFSI
• Healthcare
• IT And Telecom
• Energy And Utilities
• Education
• Manufacturing
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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