The Security Analytics Market projected to grow at a (CAGR) of 27.1% during the forecast period
Sep 19, 2018 10:22 AM ET
The global security analytics market to grow from USD 2.83 billion in 2016 to USD 9.38 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.1%. The security analytics market is growing rapidly because of the increase in adoption of security analytics solutions, as the sophistication level of threats and security breaches are growing rapidly.
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“Network security analytics to have the largest market size in 2016”
Network security analytics is estimated to have the largest market size in 2016 because of the stringent regulations and compliance requirements. The growth in the network security analytics associated with the rise in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data. Furthermore, endpoint security analytics will grow at the highest CAGR during the forecast period, due to the rise in IoT and BYOD trend.
“BFSI vertical to have the highest growth rate during the forecast period”
Security analytics solutions have been deployed across various industry verticals, including government & defense, BFSI, consumer goods & retail, IT & telecom, healthcare, energy & utilities, manufacturing, education, transportation, and others. BFSI vertical is expected to witness the highest CAGR during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks.
“Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period”
APAC includes the emerging economies such as India and China and are rapidly deploying security analytics solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the security analytics marketplace.
? By Company type – Tier 1- 55%, Tier 2- 20%, Tier 3- 25%
? By Designation – C-Level – 60%, Director Level – 25%, Others- 15%
? By Region – North America – 10%, Europe -20%, Asia-Pacific – 40%, ROW – 30%
The report includes the study of key players offering security analytics applications and services: 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 (Click Security) (U.S.), Blue Coat Systems, Inc. (U.S.), and AlienVault, Inc. (U.S.). Furthermore, the report also includes in-depth competitive analysis of the key players in the security analytics market, with their company profiles, SWOT analysis, recent developments, and key market strategies.
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Video Analytics Market by Type (Hardware Video Analytics Software and Services) Applications (Intrusion Management Crowd Management Situation Indication License Plate Recognition Pattern Recognition) – Global Forecast to 2020
The video analytics solutions are widely being adopted by businesses across a broad spectrum of end users, such as residential security, commercial & industrial security, urban security & public safety, critical infrastructure protection, airport & maritime security, retail industry, entertainment & casinos, defense intelligence & border security, transportation & logistics, and others.
With the rising acknowledgement to video analytics, the software applications, hardware and services is fast gaining momentum in the market. This has in turn benefited the video analytics software providers, video analytics hardware sellers, and as well as emerging cloud-based video analytics service vendors to leverage and expand their provisions in this market. Considering this, the video analytics offerings has also been chiefly accountable for increasing the average revenues for these stakeholders in the video analytics ecosystem. Thus, these augmentations have also observed the rise in video analytics market.
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