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Increasing Adoption of IoT to Boost the Security Analytics Market Report 2023

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Increasing Adoption of IoT to Boost the Security Analytics Market Report 2023

Security Analytics Market Report

The global security analytics market was analyzed by Market Research Future (MRFR) and it was projected that a massive CAGR of 27% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the security analytics market was further stated to surpass its previous valuation and reach USD 15 Billion by 2023.

Security analytical tools help enterprises maintain an effective threat management system and keep track of any unusual traffic in-between servers. Its use case is one of the major driving factors of growth for the global market. Additionally, trends like Bring Your Own Device (BYOD) and an increasing adoption of Internet of Things (IoT) is also pushing the growth of the global security analytics market.

Market Segmentation

The global security analytics market has been segmented in terms of service, application, deployment, vertical, and organization size.

By application, the market breaks down into application security analytics, web security analytics, end point security analytics, network security analytics, and others. The network security analytics segment enjoys the largest share of the global security analytics market and is projected to continue maintaining its standings over the forecast period. This is due to the increasing demand linked with cloud computing technologies and surging adoption and penetration of mobile devices. However, the end-point security analytics segment is anticipated to grow with the highest CAGR during the forecast period due to the expanding number of security vendors.

By service, the market segments into consulting, support & maintenance, professional services, training & education, and managed services.

By organization size, the market divides into SMEs and large organizations.

By deployment, the market branches into on-premise and cloud deployments.

By vertical, the market comprises transportation, government & defense, BFSI, IT & telecommunication, healthcare, manufacturing, education, retail, and others.

Security Analytics Market Segmentation

The security analytics market has been segmented on the basis of application, service, organization size, deployment and vertical. The deployment segment is further bifurcated into cloud and on premise deployment models. Out of which the cloud deployment model is gaining popularity owing to the cost effective solutions and flexibility being offered. Big data and predictive analytics play a major role in driving the growth of security analytics market. Predictive analysis of threat oriented data can save the organization from extra costs. Security analytics is beyond software licensing and involves extra costs of hardware, training and support too.

The prominent players in the security analytics market are – 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.) and others.

More Information@ 

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),a Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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