Security Analytics Industry, Segments: By Mode By Component Trending MRFR Report Feasibility Share, Analysis Research Report, Trends, Forecast 2027
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Market
Scenario:
The global Security
Analytics Industry is
expected to expand at a strong 27% CAGR over the forecast period from 2017 to
2023.
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.
According
to the latest research report from Market Research Future (MRFR). The global
security analytics market is expected to reach a valuation of approximately USD
15 billion by 2023, according to the MRFR report. The report profiles the
global security analytics market in detail and presents a comprehensive
overview of the market for readers. The report presents a detailed analysis of
the major drivers and restraints affecting the global security analytics
market, including projections of how these key factors are expected to affect
the market soon.
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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.
Competitive Outlook:
Leading
players in the global security analytics market include Alien Vault Inc., Blue
Coat Systems Inc., Alert Logic Inc. (Click Security), LogRhythm Inc., Arbor
Networks Inc., FireEye Inc., EMC RSA, HP Enterprise, IBM Corporation, and Cisco
Systems Inc. Major tech giants such as Cisco, IBM, and HP are making
significant investments in the security analytics sector due to the growing use
of mobile devices for communication and data sharing. The growing demand for
cloud computing and the Internet of Things is also likely to be a major driver
for investment in the security analytics sector over the forecast period.
Segmentation:
By
application, the global security analytics market is segmented into web
security analytics, network security analytics, end point security analytics,
application security analytics, and others. The network security analytics
segment holds the largest share in the global security analytics market.
By
service, the global security analytics market is segmented into professional
services, consulting, training and education, support and maintenance, and
managed services.
By
organization size, the global security analytics market is segmented into SMEs
and large enterprises.
By
deployment, the global security analytics market is segmented into cloud and
on-premise.
By
end use vertical, the market is segmented into BFSI, healthcare, manufacturing,
retail, education, IT and telecommunication, transportation, government and
defense, and others.
Regional
Analysis:
North
America holds the largest share in the global security analytics market. Asia
Pacific is expected to exhibit the highest growth rate over the forecast
period.
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Full Report Details @ https://www.marketresearchfuture.com/reports/security-analytics-market-4211
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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