NEW YORK, Nov. 17, 2015 /PRNewswire/ -- Rise in the sophistication level of security breaches to drive the security analytics market
The security analytics market size is estimated to grow from USD 2.1 billion in 2015 to USD 7.1 billion by 2020, at an estimated CAGR of 27.6% from 2015 to 2020. The security analytics market is driven by factors such as a rise in the sophistication level of security breaches, growing government regulations and standards for cyber security, and increasing adoption of cloud-based security solutions.
Endpoint security analytics to gain maximum traction during the forecast period
The data and information security analytics is estimated to hold the largest market share among applications during the forecast period. Furthermore, due to an increase in BYOD trends in enterprises, endpoint security analytics is expected to gain traction and grow at the highest CAGR during the forecast period. The security analytics market is also projected to witness growth in the healthcare and retail sectors, with the government and defense vertical contributing the largest market share during the forecast period. Security analytics training and support services are expected to grow at the highest CAGR from 2015 to 2020. However, managed security services are expected to hold the largest market share among security analytics services during the forecast period.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people in Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies. The interviews were conducted with various key people such as C-level (60%), Director level (25%), and other executives (15%) operating in the security analytics market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Pacific (20%), and Rest of the World (30%).
With the role of Security Information and Event Management (SIEM) is evolving, the security analytics market offers tremendous upcoming opportunites for growth during the forecast period. With the convergence of big data analytics with security intelligence, a huge opportunity lies for organizations to adopt security analytics solutions to combat potential threats. Furthermore, organizations are also turning towards managed security services to ensure a balanced and proactive security standpoint.
The various key security analytics vendors and service providers profiled in the report are as follows:
1. Cisco Systems
4. EMC RSA
5. Juniper Networks
7. Arbor Networks
8. LogRhythm, Inc.
9. Click Security
10. Blue Coat Systems
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the security analytics market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.
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