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.
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.
Security 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 halted due to Covid-19 pandemic. Hence The security analytics market remained in demand during 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 rise in security vulnerabilities across the globe. This rise in cyber vulnerabilities is supporting the market growth of security analytics.
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.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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 malwares, 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.
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 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.
Regional Analysis Preview
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 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 are estimated to drive the growth of the region.
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 rise in network activities and are estimated to be 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.
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 Deployment
By Organization Size
By Application
By Service
By End-User
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Deployment
FIG NO. 3. Market Attractiveness Analysis, By Organization Size
FIG NO. 4. Market Attractiveness Analysis, By Application
FIG NO. 5. Market Attractiveness Analysis, By Service
FIG NO. 6. Market Attractiveness Analysis, By End-User
FIG NO. 7. Market Attractiveness Analysis, By Region
FIG NO. 8. Global Security Analytics Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 9. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 10. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 11. Global Security Analytics Market for Solution, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Security Analytics Market for Solution, By Country, 2020 & 2028
FIG NO. 13. Global Security Analytics Market for Services, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Security Analytics Market for Services, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Deployment, 2020 & 2028
FIG NO. 16. Global Security Analytics Market for Cloud Based, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Security Analytics Market for Cloud Based, By Country, 2020 & 2028
FIG NO. 18. Global Security Analytics Market for On-Premises, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Security Analytics Market for On-Premises, By Country, 2020 & 2028
FIG NO. 20. Market Revenue Share, By Organization Size, 2020 & 2028
FIG NO. 21. Global Security Analytics Market for Small And Medium Enterprises, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Security Analytics Market for Small And Medium Enterprises, By Country, 2020 & 2028
FIG NO. 23. Global Security Analytics Market for Large Enterprises, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Security Analytics Market for Large Enterprises, By Country, 2020 & 2028
FIG NO. 25. Market Revenue Share, By Application , 2020 & 2028
FIG NO. 26. Global Security Analytics Market for Network Security Analytics, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Security Analytics Market for Network Security Analytics, By Country, 2020 & 2028
FIG NO. 28. Global Security Analytics Market for Web Security Analytics, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Security Analytics Market for Web Security Analytics, By Country, 2020 & 2028
FIG NO. 30. Global Security Analytics Market for Application Security Analytics, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Security Analytics Market for Application Security Analytics, By Country, 2020 & 2028
FIG NO. 32. Global Security Analytics Market for End-Point Security Analytics, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Security Analytics Market for End-Point Security Analytics, By Country, 2020 & 2028
FIG NO. 34. Global Security Analytics Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Security Analytics Market for Others, By Country, 2020 & 2028
FIG NO. 36. Market Revenue Share, By Service, 2020 & 2028
FIG NO. 37. Global Security Analytics Market for Professional Services, Revenue (USD Million) 2016 – 2028
FIG NO. 38. Comparative Revenue Analysis of Security Analytics Market for Professional Services, By Country, 2020 & 2028
FIG NO. 39. Global Security Analytics Market for Managed Services., Revenue (USD Million) 2016 – 2028
FIG NO. 40. Comparative Revenue Analysis of Security Analytics Market for Managed Services., By Country, 2020 & 2028
FIG NO. 41. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 42. Global Security Analytics Market for Government And Defence, Revenue (USD Million) 2016 – 2028
FIG NO. 43. Comparative Revenue Analysis of Security Analytics Market for Government And Defence, By Country, 2020 & 2028
FIG NO. 44. Global Security Analytics Market for Consumer Goods and Retail, Revenue (USD Million) 2016 – 2028
FIG NO. 45. Comparative Revenue Analysis of Security Analytics Market for Consumer Goods and Retail, By Country, 2020 & 2028
FIG NO. 46. Global Security Analytics Market for BFSI, Revenue (USD Million) 2016 – 2028
FIG NO. 47. Comparative Revenue Analysis of Security Analytics Market for BFSI, By Country, 2020 & 2028
FIG NO. 48. Global Security Analytics Market for Healthcare, Revenue (USD Million) 2016 – 2028
FIG NO. 49. Comparative Revenue Analysis of Security Analytics Market for Healthcare, By Country, 2020 & 2028
FIG NO. 50. Global Security Analytics Market for IT And Telecom, Revenue (USD Million) 2016 – 2028
FIG NO. 51. Comparative Revenue Analysis of Security Analytics Market for IT And Telecom, By Country, 2020 & 2028
FIG NO. 52. Global Security Analytics Market for Energy And Utilities, Revenue (USD Million) 2016 – 2028
FIG NO. 53. Comparative Revenue Analysis of Security Analytics Market for Energy And Utilities, By Country, 2020 & 2028
FIG NO. 54. Global Security Analytics Market for Education, Revenue (USD Million) 2016 – 2028
FIG NO. 55. Comparative Revenue Analysis of Security Analytics Market for Education, By Country, 2020 & 2028
FIG NO. 56. Global Security Analytics Market for Manufacturing, Revenue (USD Million) 2016 – 2028
FIG NO. 57. Comparative Revenue Analysis of Security Analytics Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 58. Global Security Analytics Market for Transportation, Revenue (USD Million) 2016 – 2028
FIG NO. 59. Comparative Revenue Analysis of Security Analytics Market for Transportation, By Country, 2020 & 2028
FIG NO. 60. Global Security Analytics Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 61. Comparative Revenue Analysis of Security Analytics Market for Others, By Country, 2020 & 2028
FIG NO. 62. Global Security Analytics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 63. North America Security Analytics Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 64. Porter’s Five Forces Analysis for Global Security Analytics Market
FIG NO. 65. PEST Analysis for Global Security Analytics Market
FIG NO. 66. Pricing Analysis for Global Security Analytics Market
FIG NO. 67. Value Chain Analysis for Global Security Analytics Market
FIG NO. 68. Company Share Analysis, 2019
FIG NO. 69. Radar Determinant Chart, 2019
FIG NO. 70. Company Strategic Developments – Heat Map Analysis
FIG NO. 71. Cisco Systems Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 72. Cisco Systems Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 73. Market Channels
FIG NO. 74. Marketing Channel Development Trend
FIG NO. 75. Growth in World Gross Product, 2008-2018
FIG NO. 76. Research Methodology – Detailed View
FIG NO. 77. Research Methodology
List of Tables
TABLE NO. 1. Global Security Analytics Market: Snapshot
TABLE NO. 2. Quarterly Security Analytics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Security Analytics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Security Analytics Market for Solution, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Security Analytics Market for Services, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Security Analytics Market for Cloud Based, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Security Analytics Market for On-Premises, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Security Analytics Market for Small And Medium Enterprises, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Security Analytics Market for Large Enterprises, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Security Analytics Market for Network Security Analytics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Security Analytics Market for Web Security Analytics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Security Analytics Market for Application Security Analytics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Security Analytics Market for End-Point Security Analytics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Security Analytics Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Security Analytics Market for Professional Services, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Security Analytics Market for Managed Services., by Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Security Analytics Market for Government And Defence, by Region, 2016 – 2028 (USD Million)
TABLE NO. 20. Global Security Analytics Market for Consumer Goods and Retail, by Region, 2016 – 2028 (USD Million)
TABLE NO. 21. Global Security Analytics Market for BFSI, by Region, 2016 – 2028 (USD Million)
TABLE NO. 22. Global Security Analytics Market for Healthcare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 23. Global Security Analytics Market for IT And Telecom, by Region, 2016 – 2028 (USD Million)
TABLE NO. 24. Global Security Analytics Market for Energy And Utilities, by Region, 2016 – 2028 (USD Million)
TABLE NO. 25. Global Security Analytics Market for Education, by Region, 2016 – 2028 (USD Million)
TABLE NO. 26. Global Security Analytics Market for Manufacturing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 27. Global Security Analytics Market for Transportation, by Region, 2016 – 2028 (USD Million)
TABLE NO. 28. Global Security Analytics Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 29. Global Security Analytics Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 30. North America Security Analytics Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 31. North America Security Analytics Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 32. North America Security Analytics Market Revenue, By Deployment, 2016 – 2028 (USD Million)
TABLE NO. 33. North America Security Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 34. North America Security Analytics Market Revenue, By Application , 2016 – 2028 (USD Million)
TABLE NO. 35. North America Security Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 36. North America Security Analytics Market Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 37. U.S. Security Analytics Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 38. U.S. Security Analytics Market Revenue, By Deployment, 2016 – 2028 (USD Million)
TABLE NO. 39. U.S. Security Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 40. U.S. Security Analytics Market Revenue, By Application , 2016 – 2028 (USD Million)
TABLE NO. 41. U.S. Security Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 42. U.S. Security Analytics Market Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 43. Canada Security Analytics Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 44. Canada Security Analytics Market Revenue, By Deployment, 2016 – 2028 (USD Million)
TABLE NO. 45. Canada Security Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 46. Canada Security Analytics Market Revenue, By Application , 2016 – 2028 (USD Million)
TABLE NO. 47. Canada Security Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 48. Canada Security Analytics Market Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 49. Drivers for the Security Analytics Market: Impact Analysis
TABLE NO. 50. Restraints for the Security Analytics Market: Impact Analysis
TABLE NO. 51. Major Buyers of Security Analytics
TABLE NO. 52. Distributors/Traders List of Security Analytics
TABLE NO. 53. Global Security Analytics Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 54. Global Security Analytics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
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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