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Security Analytics Market Will Gain Prim Industry Share Via Government & Defense Sector by 2023

Author : Ronak Bora | Published Date : 2019-04-02 

Global Market Insights, Inc. has announced the launch of security analytics market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

It combines the capabilities of threat intelligence and big data so as to, detect, mitigate and analyze targeted attacks and other persistent threats. Data & information application is estimated to dominate the security analytics market over the forecast period owing to data-driven security. Endpoint security analytics is expected to play a key role in changing the landscape of the industry and is expected to witness signification gains over the forecast period due to increasing BYOD market penetration in enterprises.

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Cloud deployment is the foremost deployment model as it offers various benefits to the industry such as scalability, 24/7 service, enhanced network security and speed. Mainly, small and medium-sized businesses have adopted cloud technology as it can avoid costs pertaining to software, hardware, technical staff and storage. On premises is the most popular deployment type where information is extremely complex for business operations. The government & defense sector is likely to lead the security analytics market, contributing the prime share over the forecast period. The industry is also anticipated to observe significant growth in healthcare and consumer goods & retail sectors over the next few years.

The industry can be bifurcated on the basis of service which includes consulting, training and support and managed services. In addition, the market is segmented on the basis of deployment type which includes on-premises and cloud. The security analytics market is further segmented on the basis of application which includes network security analytics, data and information security analytics, application security analytics and endpoint security analytics.

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Moreover, the security analytics market is segregated on the basis of vertical which comprise of government & defense, consumer goods & retail, BFSI, IT and telecom, academic research, transportation, energy & utilities, healthcare and manufacturing. Furthermore, key regional industries include North America, Europe, Asia Pacific, Latin America and MEA security analytics market.

North America security analytics market is estimated to hold the biggest share and dominate the industry over the forecast period. Asia Pacific region offers potential growth opportunities, as large enterprises and small and medium-sized business are moving towards security analytics suppliers in order to secure against potential threats such as zero-day vulnerabilities and advanced persistent threat.

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Chief manufacturers with global security analytics market share include EMC RSA, Cisco Systems, Inc., Juniper Networks, The Hewlett-Packard Company (HP), Arbor Networks, Inc., Fireeye, Inc., Logrhythm Inc., Blue Coats Systems, Inc., International Business Machines Corporation (IBM) and Click Security.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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