Security Analytics Market 2020 World Analysis and Forecast Till 2026

OverviewThe global security analytics market is expected to expand at a strong 27% CAGR over the forecast period from 2017 to 2023, 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 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 in the near future.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4211 Security analytics help in analyzing unusual traffic between servers.

The growing use of online and mobile services in the BFSI sector has been a major driver for the global security analytics market over the last few years.

The IT and telecom sector is also likely to be a major end user of security analytics over the forecast period in order to protect confidential user data and communications.

Security Analytics MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Security Analytics Market.

The growth sectors of the Security Analytics Market are identified with precision for a better growth perspective.In this rapidly changing world of technology, security analytics market is projected to show major growth prospects during the forecast period.

Increasing web and cloud based applications are also responsible for driving the growth of security analytics market.The global security analytics market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.

In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity.

Increasing adoption of mobile devices is another major factor driving the growth of security analytics market in the region.The security analytics market is growing rapidly over 27% of CAGR and is expected to reach at approx.

The deployment segment is further bifurcated into cloud and on premise deployment models.

Security Analytics Market, By Application (Web Security, Network Security, Endpoint Security, Application Security), By Service (Professional, Managed), By Organization Size, By Deployment and By Vertical - Forecast 2023Market Synopsis:Market Research Future (MRFR)’s new study has projected that the global security analytics market is set to expand exponentially at a CAGR of 27% during the forecast period 2017 to 2023.

The valuation of the global market is expected to reach USD 15 Bn by the end of 2023.

Security analytics facilitates the early detection of threats and potential attacks which has accelerated its adoption across different industry verticals.

It is one of the major factors responsible for aiding the proliferation of the market.

Additionally, the ongoing trend of Bring Your Own Device (BYOD) coupled with the adoption of the Internet of Things (IoT) has accelerated the revenue creation for security analytics market participants.The market looks attractive presently and is estimated to scale new heights through the review period.

An upsurge in demand is expected from different industry verticals over 2023 which is forecasted to augment the security analytics market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4211Market Segmentation:By application, the Global Security Analytics Market has been segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others.By service, the security analytics market is segmented into professional services, consulting, training & education, support & maintenance, and managed services.By organization size, the global security analytics market has been segmented into SMEs and large enterprises.By deployment, the security analytics market is segmented into cloud and on-premise.By vertical, the global security analytics market has been segmented into BFSI, healthcare, manufacturing, retail, education, IT & telecommunication, transportation, government & defense, and others.Regional Analysis:By region, the global security analytics market has been segmented into Asia Pacific, North America, Europe and the Rest of the World.

According to a research report "Security Analytics Market by Application (Web Security, Network Security, Endpoint Security, and Application Security Analytics), Component, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the security analytics market size is projected to grow from USD 7.8 billion in 2019 to USD 18.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period.The major factors driving the growth of the security analytics market include the increasing focus to maintain regulatory compliance and demand to discover threat patterns, prioritization of network-based threats with actionable intelligence to avert data losses, and prevention of onward intrusion.Browse 104 market data Tables and 56 Figures spread through 190 Pages and in-depth TOC on "Security Analytics Market - Global Forecast to 2024"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1026By deployment mode, the cloud segment to hold a larger market size during the forecast periodCloud deployment of security analytics solutions allow users to deploy security analytics solutions without the need of Information Technology (IT) staff to manage the software.

The task of monitoring the security system is granted to the vendor or can be done internally.

The cloud deployment mode is being used by Small and Medium-sized Enterprises (SMEs) to reap the benefits of security systems that require low startup costs.

The growing number of breaches in the government and public utilities sector has increased the need for security analytics solutions to combat advanced threats.

Attackers are targeting the government sector to breach the sensitive information regarding the government administration, departmental activities, and prime security intelligence.

Next-generation firewalls, Intrusion Prevention Systems (IPS), anti-malware gateways, and endpoint security applications are capable of protecting data from known threats, but attackers have innovated many techniques to bypass these products and access the confidential data.

Increasing adoption of mobile devices and growing demand for cloud computing technologies and internet of things are other major factors fueling the growth of security analytics market.North America region holds the largest market share of global security analytics market followed by Europe and Asia Pacific regions.

The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing need for sophisticated threat level management and growing demand BYOD and internet of things in the region.

The growth in this region is majorly dominated by India and China.

This is owning to the increasing number of security vendors in the region.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4211Security analytics helps in analyzing unusual traffic between servers.

These security analytical tools complement the traditional security measures by providing relevant insights about the data being stored.

These tools help in faster detection of threats and real time visibility.The global security analytics market is expected to grow at approx.

The global Security Analytics Market is expected to expand at a strong 27% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).

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.

Security analytics help in analysing unusual traffic between servers.

The growing use of online and mobile services in the BFSI sector has been a major driver for the global security analytics market over the last few years.

As banking has become more orientated toward the consumer, many BFSI entities have developed online capabilities to allow consumers to conduct transactions in a convenient manner.

The growing use of mobile devices for online banking is also likely to be a major driver for the global security analytics market over the forecast period.