Security Analytics Market Size ($ 34,226.73 Million by 2028)
New York, November 24, 2021 (GLOBE NEWSWIRE) – Based on our new research study on Security Analysis Market Size, Share, Revenue, Growth, Trends, Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Solutions, Service); Solution (network security scan, web security scan, endpoint security scan, others); Deployment (on-premise, cloud, hybrid); Vertical Sector (BFSI, Telecom & IT, Government & Defense, Consumer Goods & Retail, Other) & Geography with COVID-19 Impact & Global Analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPTE100000317
|Cover of the report||Details|
|Market size Value in||US $ 12,076.36 million in 2021|
|Market size Value per||US $ 34,226.73 million by 2028|
|Rate of growth||16.0% CAGR for 2021 to 2028|
|Year of reference||2021|
|Number of pages||228|
|Number of tables||164|
|Number of graphs and figures||107|
|Historical data available||Yes|
|Covered segments||Component, Deployment, Application, Organization Size, and Industry|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country Scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Cover of the report||Revenue forecast, company ranking, competitive landscape, growth factors and trends|
Security Analysis Market: Competitive Landscape and Key Developments
International Business Machines Corporation; Hewlett Packard Enterprise; Cisco Systems, Inc .; Broadcom Corporation; Splunk Inc .; Security hunter; RSA Security LLC; McAfee Corp; SolarWinds Worldwide, LLC; and Rapid7 are among the major players featured in the global security analysis market. In addition, several other major market players have been studied and analyzed during this market research to get a holistic view of the Global Security Analysis Market and its ecosystem.
In June 2021, RSA Security launched its REST API solution that provides identification, security operations and incident response teams with visibility into which users are exhibiting abnormal behavior in the organization based on patterns. user access.
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One of the major factors driving the growth of the security analytics market is the increasing number of cyber threats and security breaches around the world. The increased implementation of security analysis tools in enterprises to detect trends and prioritize network risks to gather insights to prevent data loss and future incursions is also contributing to the growth of the business. Marlet. Another important aspect of the growth is the increased use of cloud-based services and big data tools. Cloud-deployed security analytics provide enterprise-wide web management and protection solutions with increased scalability, network security, and speed. Other factors, such as increased government and defense spending to combat advanced cyber threats and the development of next-generation firewalls, intrusion prevention systems (IPS), anti-malware gateways, and endpoint security applications, are expected to fuel market growth in the coming years.
Organizations and their supply chain partners face increased data security risks due to the disruption of digitization and the emergence of social, mobile and network technologies. In the face of escalating threats, security laws are becoming strict. The integration facilitates the development of a uniform interface and framework for business risks by security teams. Gurucul, a US-based cybersecurity company, provides behavior-based security analysis solutions that include reporting, monitoring, and case management. These features help businesses comply with regulations such as HIPPA, PCI DSS, and GDPR. Aggregation, analysis, and monitoring of security-related data on a corporate network are all features of security analytics solutions.
Growing number of cyber threats and security breaches around the world:
With the advancement of IT infrastructure, the number of hackers and other unethical cyber attackers has increased dramatically. The upsurge in cyber attacks has been fueled by the rise of the triple-extortion ransomware technique used by cyber attackers, stealing sensitive data from organizations and threatening to publish it publicly unless the customer does not fulfill the desired requirement. Cyber ââattackers also target customers, suppliers or business partners of companies in the same way. For example, according to Check Points’ Mid-Year 2021 Security Report, organizations have seen a 29% increase in the number of cyber attacks globally with the dramatic increase in ransomware attacks.
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Additionally, cyber attackers continue to adapt their working practices to exploit the shift to hybrid work, targeting organizations’ supply chains and network links to partners for maximum disruption. Additionally, as the COVID-19 pandemic spread, the number of hackers and other unethical cyber attackers grew rapidly. For this reason, the Cybersecurity and Infrastructure Security Agency (CISA), the US Department of Homeland Security (DHS) and the UK National Cybersecurity Center (NCSC) have issued alert notifications to businesses regarding cyber threats, including hackers. unethical and advanced persistent theft (APT) groups. Therefore, many countries have deployed security analysis systems in their companies. For example, in October 2020, ABB Ltd. and IBM Corporation have partnered to bridge the gap between cybersecurity and operational technology (OT). ABB Ltd. developed a new OT security event monitoring service as a first result of this collaboration, which combines ABB’s process control systems domain expertise with IBM’s security event monitoring offering to help industrial operators to improve safety. Therefore, with the alarming increase in cyber threats and security breaches, the use of security scanning systems is also increasing to protect businesses from cyber attackers thus increasing the market demand.
Security Analytics Market: Application Overview
Based on the application, the security analysis market is segmented into network security analysis, endpoint security analysis, application security analysis, web security analysis, and others. In 2020, the network security analysis segment dominated the global market.
Key Questions To Ask For Security Analytics Market:
- What are the key factors driving the growth of the security analysis market?
- What are the major market opportunities for the security analysis market?
- Which industry is expected to dominate the market during the forecast period?
- Which region dominated the security analytics market in 2020?
- What are the major companies operating in the security analytics market?
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