Market Analysis
Market Research Future (MRFR) presumes the global security analytics market size to reach USD 15 billion at a CAGR of 27% from 2020 to 2027 (forecast period).
Multiple Factors to Augment Market Growth
There are numerous important drivers in the security analytics market that have a favorable impact on industry developments. These main drivers will drive the security analytics market expansion over the forecast period. For example, growing technology usage by commercial organizations has a beneficial impact on security analytics industry trends. Second, the introduction of new telecommunication technologies is a major driving force in the security analytics industry. For remote communication, companies use telecommunication solutions. However, this exposes the organization to a variety of cyber threats. As a result, security analytics tools fill a need in IT and telecommunications. There are numerous opportunities in the security analytics market that may be capitalized on during the forecast period. Due to the rising reliance on IT networks and systems in many spheres, there are prospects for growth. Another opportunity is the need for improved data privacy and personal data security in various areas of public life, which necessitates the use of security analytics apps.
To stay "ahead" of your competitors, request samples: https://www.marketresearchfuture.com/sample_request/4211
Key Players
Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett-Packard Enterprise (U.S.), EMC RSA (U.S), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic, Inc. (Click Security) (U.S.), Blue Coat Systems, Inc. (U.S.), Alien Vault, Inc. (U.S.)
The Global Market to Grow Amid COVID-19 Pandemic
The COVID-19 pandemic has created a window of opportunity for IT and other allied sectors. During the pandemic, organizations' reliance on IT and other digital technologies only grew. This also means that an increasing number of firms are vulnerable to cybercriminals. Cybercrime against businesses is rather widespread these days. Cybercriminals take advantage of the pandemic to hone their hacking skills. As a result, there is a huge demand for security analytics applications. As a result, the pandemic has been a catalyst for high-profit growth in the security analytics market. The security analytics market, like other technology sectors, benefits from the pandemic.
Lack of Expertise
The security analytics market is hampered by numerous constraints. The market's leading players in security analytics must work around these constraints. These market limitations have an impact on market growth. For example, despite the availability of powerful security analytics technologies, many businesses are still adjusting to the digital workplace. As a result, they lack the expertise required to use security analytics. As a result, the adoption rate of security analytics technology suffers to some extent. Another market constraint is a scarcity of experienced personnel for installing and maintaining advanced threat detection systems. Furthermore, many firms do not have a budget for IT threat detection.
Market Segmentation
The global security analytics market has been segmented into application, service, and organization size.
By application, the global security analytics market has been segmented into web security, network security, endpoint security, and application security.
By service, the global security analytics market has been segmented into professional and managed.
By organization size, the global security analytics market has been segmented into SMEs and large-scale enterprises.
Regional Analysis
North America to Dominate the Global Market
The North American region is the largest regional market for security analytics, according to the security analytics market research. Furthermore, the United States will account for the lion's share of security analytics market sales.
Browse In-depth Market Research Report: https://www.marketresearchfuture.com/reports/security-analytics-market-4211
Browse More Related Reports:
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com