According to a new market research report "Security Analytics Market, published by MarketsandMarkets, Security Analytics Market size is estimated to grow from USD 2.1 Billion in 2015 to USD 7.1 Billion by 2020, at a CAGR of 27.6% from 2015 to 2020.
Security analytics redefines the security information and event management by providing effective network security capabilities to predict and mitigate the potential threats. As the frequency of sophisticated attacks on enterprises is growing, the Security Analytics Market is expected to gain traction during the forecast period.
Rise in the sophistication level of security breaches is expected to drive the Security Analytics Market
The major forces driving the Security Analytics Market include a rise in the sophistication level of security breaches, growing government regulations and standards for cyber security, and increasing adoption of cloud-based security solutions. Enterprises are looking for multi-layered risk-based security solutions integrated with big data analytics to provide them with real-time threat intelligence. Furthermore, strict government regulations on data security are also pushing organizations to deploy security solutions to safeguard the network against potential threats. With rapid cloud-based security solutions adoption, both SMBs and large enterprises are willing to spend more on security to strengthen their security infrastructure.
Endpoint security analytics to play a key role in the Security Analytics Market
The report defines and segments the global Security Analytics Market on the basis of applications, services, deployment types, organization size, verticals, and regions, along with providing an in-depth analysis and market size estimations. The data and information security analytics is expected to hold the largest market share, whereas endpoint security is expected to play a key role in changing the security analytics landscape during the forecast period.
Government and defense vertical contributes maximum market share
The government and defense vertical is expected to hold the largest market share of the Security Analytics Market. Verticals such as BFSI, healthcare, and retail will be the key growing verticals during the forecast period. The report also covers the total Security Analytics Market by region. North America is expected to hold the largest market share, however, APAC is projected to grow at the highest CAGR from 2015 to 2020.
The scope of the report covers detailed information regarding the major factors influencing the growth of the Security Analytics Market such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the Security Analytics Market.
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