Security Analytics Market Size, Share, Growth Report 2030

Security Analytics Market

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, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 188 Report Code: ZMR-1008 Published Date: Sep-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 9,238.4 million USD 33,694.5 million 17.8% 2020

Security Analytics Market Overview

The global security analytics market accounted for USD 9,238.4 Million in 2020 and is estimated to reach USD 33,694.5 Million by 2028, growing at a CAGR of 17.8% from 2021 to 2028.

Global Security Analytics Market SizeRequest Free SampleSecurity analytics are the processes comprising software, analytical process and algorithms that collect data and detects threats to the IT network systems. The security analytics detects carry out detection, diminution, analysis of potential threats and targeted attacks is carried out. In addition to this, it also carries out forensic analysis of the cyber-attack to understand attack methods and system vulnerabilities. Security analytics is crucial for all types of organizations to protect their information from increasing cyber-attacks and advancements in other vulnerabilities like malware and data breaches.

The emerging trend of BYOD (Bring Your Own Device) And IOT (Internet of Things) is getting popular among all industries. To protect organizational data and ensure secure working of the employee’s companies and opting for security analytics.

COVID-19 Impact Analysis

The Covid-19 pandemic had slightly positive impact on the security analytics market. The pandemic posed several challenges to the security analytics vendors across the globe. The stringent government regulations and social distancing practices have changed the working methods of the employees. The security analytics works for the industries like telecom, healthcare, baking and financial institutes which did not halt due to Covid-19 pandemic. Hence, The security analytics market remained in demand during the pandemic. The companies in security analytics are adopting to new cloud based working and remote working practices to ensure uninterrupted functioning. Companies are ensuring employee safety by strictly implementing COVID-19 guidelines like social distancing and hygiene standards. Security analytics vendors are adopting mixed work practices. The pandemic had caused internet penetration among various industries, leading to a rise in security vulnerabilities across the globe. This rise in cyber vulnerabilities is supporting the market growth of security analytics.

Security Analytics Market Growth Factors

The increasing technological developments and increasing complexity of cyber-attacks are majorly driving the security analytics demand. The upsurge in the number of vulnerabilities is majorly contributing to the market demand for security analytics. The increasing focus of businesses and organizations to protect the organizational data and financial loss with growing need to understand the pattern of cyber-attack is driving the market growth. The increasing digitalization among various industries like banks and financial institutes and others across the globe is creating extensively driving the market demand.  End-user industries like governments and defense have all time stable demand for security analytics.

The emerging trend of cloud computing and Internet of Things in business organizations and the implementation of government regulations are also contributing to the market demand of the security analytics market. The concurrence of big data analytics with network security intelligence and rising integrated security services are estimated to provide the opportunity for the market growth.

Application Segment Analysis Preview

Network Security Analytics segment held a share of around 35.96% in 2020. This is attributable to rising demand from end users to understand the cyber-attack method and detail analysis of cyber breach. The system also performs forensic analysis of cyber-attack to analyze the vulnerabilities. Network security analytics provide advance cyber intelligence by collecting data from end-points like cloud resources, network traffic, non-IT contextual data, end-point & user behavior data, business applications, identity & access management. This data is utilized by the network security system to detect the malware, viruses and malicious action and diminish the threat before it enters the network security. The technological advancements are leading to more advance malware and complex cyber-attacks which bypasses traditional security systems. In order to ensure safety of network and data, end-user industries like banking and finance institutes, government, defense, IT and telecom, healthcare, retail and others are adopting to network security services.

Global Security Analytics Market ShareRequest Free Sample

Deployment Mode Segment Analysis Preview

Cloud based segment will grow at a CAGR of over 18.3% from 2021 to 2028. This is attributable to rising adoption of cloud-based security systems by small and medium-sized enterprises, owing to lower cost of systems. The cloud-based security systems do not require IT professionals for maintenance of the systems, they can be operated internally and hence incurs less cost of application. This low start-up cost is leading to the upsurge in adoption for cloud-based security analytics. Cloud computation is vulnerable to cyber-attacks like viruses, data intrusion, data breaches, and data piracy. To ensure the safety of data on the cloud, the security analytics is widely being accepted by businesses to detect and reduce the potential threats. Cloud deployment is cost-effective and reduces capital expenditure. The reduced security administration work due to automated security is estimated to drive the market dominance of the cloud-based deployment segment. 

Security Analytics Market: Report Scope

Report Attributes Report Details
Report Name Security Analytics Market Research Report
Market Size in 2020 USD 9,238.4 Million
Market Forecast in 2028 USD 33,694.5 Million
Growth Rate CAGR of 17.8%
Number of Pages 214
Key Companies Covered Cisco Systems Inc., Hewlett-Packard Enterprise, IBM Corporation, McAfee, FireEye Inc., Assuria (UK), AT&T Cybersecurity, Arbor Networks Inc, Juniper Networks, Forcepoint.
Segments Covered By Component, By Deployment, By Organization Size, By Application, By Service, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2019
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Security Analytics Market Regional Analysis

The North-America region held a share of 3470.0% in 2020. This is attributable to the rising incidents of data breaches; malware attacks and advance technological threats are contributing to the demand for security compliance in the region. The upsurge in technological advancements leading to complicated cyber threats are growing the need for security analytics in the region. The dominance of the region is attributed to the presence of key market players like IBM Corporation, Cisco Systems Inc., McAfee, Juniper Networks, FireEye, Forcepoint and others makes the region more competitive.

The growing digitalization among various industries in the region are powering the market of security analytics. The emergence of Bring your own device and Internet of Things in the region is providing the lucrative opportunities for the security analytics market development. The growing demand for security compliance and data safety is estimated to drive the growth of the region.

Global Security Analytics Market Regional AnalysisRequest Free Sample

The Asia Pacific region is projected to grow at a CAGR of 19.8% over the forecast period. This surge is due to the surge in network development in countries like China, India, Australia, South Korea, Japan, and Hong Kong. These countries have a massive number of small and medium-sized enterprises, these enterprises are adopting network security systems for data safety and interrupted service. Among other countries, India and China are majorly contributing to the rise in network activities and are estimated to be the fastest growing markets for security analytics in the forecast period. The region is witnessing rising adoption of IoT applications, mobile applications and cloud-based deployments, leading to bolster the demand for the security analytics in the region. The growing awareness about the applications of security analytics and prevent suffering from financial losses due to cyber-attacks are encouraging adoption of security analytics by various end user industries.

Security Analytics Market Key Market Players & Competitive Landscape

Some of key players 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

The market is highly competitive due to presence of well-established market players. Hence to these players are focusing on strategies like expanding their product portfolio and adoption of latest technological advancements to get the competitive advancements. Some companies are implementing mergers and acquisitions, collaborations and partnerships.

For instance, In September 2021, IBM signed an agreement with Caixa bank to boost the security capabilities for digital platform. Caixa and IBM are having partnerships for network securities over more than 50 years. This agreement will aid Caixa bank to launch its new project named “CloudNow”.

Mandiant, a subsidiary of FireEye Inc. has announced acquisition of Intrigue for expanding the SaaS portfolio of security analytics. This acquisition will aid Mandiant to integrate Intrigue’s attack surface management system in product portfolio.

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

Table Of Content

Methodology

FrequentlyAsked Questions

The global security analytics market was valued at USD 9,238.4 Million in 2020.

The global security analytics market is expected to reach USD 33,694.5 Million by 2028, growing at a CAGR of 17.8% between 2021 to 2028.

Some of the key factors driving the global security analytics market growth are increasing technological developments, increasing complexity of cyber-attacks and the upsurge in the number of vulnerabilities

North America region held a substantial share of the security analytics market in 2020. This is attributable to the presence of major players like IBM Corporation, Cisco Systems Inc., McAfee, Juniper Networks, FireEye, Forcepoint and others making the region more competitive.

Some of the major companies operating in the 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 and Forcepoint among others.

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