Stratview Research publishes a new report titled Security Analytics Market which is segmented by Application Type (Web Security Analytics, Network Security Analytics, End-point Security Analytics, Application Security Analytics, and Others), by Component Type (Solutions and Services [Professional Services and Managed Services]), by Deployment Mode Type (Cloud and On-Premises), by Organization Size Type (Small & Medium-Sized Enterprises and Large Enterprises), by Industry Vertical Type (Government and Defense; Banking, Financial Services, and Insurance; Consumer Goods and Retail; IT and Telecom; Healthcare; Energy & Utilities; and Manufacturing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The security analytics market was estimated at USD 14.13 billion in 2022 and is likely to grow at a CAGR of 16.15% during 2023-2028 to reach USD 34.84 billion in 2028.

What are security analytics?

Security analytics refers to the process of identifying, protecting, and troubleshooting potential security threats. It collects and analyzes data from various sources like network traffics, logs, and user activities using advanced analytics solutions such as machine learning, artificial intelligence, and behavioral analysis to provide valuable insights.

Security analytics aim to identify risks and provide vital and reliable information to organizations so that they can respond to security threats, reduce the risk of data breaches and improve overall security conditions.

Market Dynamics

The major factors driving the growth of the security analytics market are-

• Machine Learning and Artificial Intelligence for quick detection – Security analytics solutions have undergone a significant transformation from rule-based detection to higher and more advanced methodologies rooted in data science, including Machine Learning (ML) and Artificial Intelligence (AI). This is in response to growing data volumes, and a lack of skilled professionals. Effective threat management requires a combination of quick and reliable security analytics.
• Rising instances of Cybercrime – Security breaches are increasing due to which, organizations require strict solutions for end-to-end security. Security analytics offers endpoint security with user behavior, external threat alert, etc. to help organizations improve their security. Hence, with the increased usage of technology and the rise in cybercrime rates, the adoption of security analytics solutions is expected to increase.
• Increasing awareness – Organizations are gradually realizing the importance of the security analytics market to give their businesses the ability to foresee any threat and take informed decisions. To serve these purposes, many companies are working towards better security systems. For instance, in May 2023, Amazon announced the general availability of Amazon Security Lake (ASL), which is a purpose-built security data lake that enables customers to aggregate, normalize, and store data. It is a fully managed security data lake service offered by Amazon Web Services. It can enhance security operations, change the economics of data storage, promote the adoption of open cybersecurity schema frameworks, facilitate detection engineering, enable new types of analytics, and serve as a foundation for AI models.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

-        Market Overview

-        Key Manufacturers Profiles

-        Market Analysis by Region

-        Market Segment by Type

-        Market Segment by Application

-        Raw Material and Supply Chain

-        Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the Security Analytics Market:

• IBM Corporation, Cisco Systems, Inc.
• Splunk, Inc.
• RSA Security LLC
• FireEye
• HP Enterprise Company
• McAfee LLC
• NortonLifeLock, Inc.
• LogRhythm, Inc.
• Huntsman Security
• Securonix, Inc.
• Gurucul
• Juniper Networks, Inc.
• Hillstone Networks Co Ltd
• Exabeam, Inc.
• Rapid7
• Alert Logic
• Forcepoint, Assuria Ltd, and
• Haystax Technology, Inc.

Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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