DUBLIN, Jan. 4, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2wbbcs/security) has announced the addition of the "Security Analytics Market by Application (Network Security, Application Security, Data and Information Security, Endpoint Security) - Global Forecast to 2020" report to their offering.
The security analytics market size is estimated to grow from USD 2.1 Billion in 2015 to USD 7.1 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 27.6% from 2015 to 2020.
With the number of cyber threats and vulnerabilities increasing, the need for security analytics is growing rapidly. A rise in the sophistication level of security breaches and growing government regulations and standards for cybersecurity are the main drivers of the market. With the convergence of big data with security intelligence, the market has a huge opportunity to grow during the forecast period.
Security analytics solution combines the capabilities of big data and threat intelligence to detect, analyze, and mitigate the advanced persistent threats, zero-day exploits, and other targeted attacks. Data and information security analytics is expected to hold the largest market share and dominate the market from 2015 to 2020, as the data-driven security is boosting the growth of the market. Endpoint security analytics is expected to play a key role in changing the security analytics landscape and will grow at the highest growth rate during the forecast period as BYOD adoption in enterprises will continue to grow.
Cloud deployment is the fastest-growing deployment model in the security analytics market as it benefits organizations with increased scalability, speed, 24/7 service, and enhanced network security. SMBs, in particular, have gone for cloud deployment as it can avoid costs pertaining to hardware, software, storage, and technical staff. On-premises deployment is popular mostly in large enterprises where information is very critical for business operations.
The security analytics solutions are being increasingly adopted in various verticals, such as government and defense, and Banking, Financial Services, and Insurance (BFSI), which have led to the growth of the market across the globe. The government and defense sector is expected to dominate the market, contributing the largest market share during the forecast period. The market is also projected to witness growth in consumer goods & retail and healthcare sectors during the forecast period.
North America is expected to hold the largest market share and dominate the security analytics market from 2015 to 2020. APAC offers potential growth opportunities, as SMBs and large enterprises are turning towards security analytics providers to defend against potential threats such as advanced persistent threats and other zero-day vulnerabilities.
However, due to the lack of knowledge about advanced threats and targeted attacks and shortage of qualified security talent, the organizations are exposed to potential risks and are restraining the growth of the market. The major vendors in the security analytics market include IBM, HP, EMC RSA, Juniper Networks, Arbor Networks, and LogRhythm. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations and business expansions to cater to the needs of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Security Analytics Market Analysis, By Application
8 Security Analytics Market Analysis, By Service
9 Security Analytics Market Analysis, By Deployment Type
10 Security Analytics Market Analysis, By Organization Size
11 Security Analytics Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
- Arbor Networks, Inc.
- Blue Coats Systems, Inc.
- Cisco Systems, Inc.
- Click Security
- Emc Rsa
- Fireeye, Inc.
- International Business Machines Corporation (Ibm)
- Juniper Networks
- Logrhythm Inc.
- The Hewlett-Packard Company (Hp)
For more information visit http://www.researchandmarkets.com/research/2wbbcs/security
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets