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2019-2024 Security Analytics Market: Size, Key Manufacturers, Upcoming Trends, Growth and Regional Forecasts Research

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Security Analytics

Industry Research.co study on “Security Analytics Market” with various segments like market strategy, investment plan, industry share, growth factors, industry policy, revenue, opportunity, demand and 2024 forecast. Security Analytics Market report provides emerging market drivers, challenges, opportunities for Security Analytics Industry. It focuses on the latest trends and recent developments of Security Analytics Industry. Security Analytics market report will help you to know each and every facet of keyword industry. It also covers growth potential, market size, demand by buyer and suppliers and forecast details.

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Market Overview:

  • Global Security Analytics Market was valued at USD 2.92 billion in 2018 and is expected to reach USD 5.4 billion in 2024 with a CAGR of 10.7%, during the forecast period (2019-2024). The rapid growth of the internet has resulted in an exponential increase in the type and frequency of cyber attacks. Although many well-known cybersecurity solutions are utilized to counteract these attacks, the generation of Big Data over computer networks is rapidly rendering these traditional solutions obsolete.
  • The increased pervasiveness of data breaches and the higher volume of impacted records are resulting in far higher costs for organizations of all sizes. According to ISF, an independent and not-for-profit association of leading organizations from around the world, the number, magnitude, and costs of data breaches are all set to continue on their upward trajectories in 2019.
  • While day-to-day cyber threats continue to increase at an exponential rate, CISOs (Chief Information Security Officer) are most concerned over the rise of targeted and advanced malware enabled attacks such as Advanced Persistent Threats (APTs).
  • According to statistics from IBM and Ponemon Institute, the cost of a breach in the United States estimated at USD 7.35 million or nearly double the USD 3.62 million it cost globally. As a result, organizations are increasingly concentrating on threat hunting as a preventive measure.

    Competitive Analysis: Security Analytics market report presents the market competitive landscape and a corresponding detailed analysis of the major key players in the industry. Top leading companies in Security Analytics market are:

  • Alert Logic Inc.
  • Arbor Networks Inc.
  • Symantec Corporation
  • Cisco Systems Inc.
  • RSA Security LLC
  • Hewlett
  • Packard Enterprise
  • IBM Corporation
  • Logrhythm, Inc.
  • Fireeye, Inc.
  • Splunk Inc.
  • Fortinet Inc.
  • McAfee LLC
  • Micro Focus International Plc

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    Scope of the Report:

  • Security analytics is the process of using data collection, aggregation, and analysis tools for security monitoring and threat detection. Security analytics data can be collected in several ways, including Network traffic. Endpoint and user behavior data.

    Security Analytics Market Covers Following Points in TOC:

    Chapter 1: Security Analytics Market Definition

    Chapter 2: Research Methodology of Security Analytics Market

    Chapter 3: Security Analytics Market Executive Summary

    Chapter 4: Security Analytics Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Security Analytics Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Security Analytics Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Security Analytics Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Security Analytics Market

    Security Analytics Market Report Covers the Following:

    Security Analytics Market

    Price of Report: $ 4250 (SUL)

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    Key Market Trends:

    Network Security Analytics to Account for Significant Share

    Network security applications are the largest source of demand for security analytics solutions globally. Security analysis, unlike other more well-behaved problem domains, does not naturally lend itself to statistical analysis. In most of the cases, programmers do not have the basic data that enable them to fabricate an accurate analytical engine.
    Further, given the tendency of attackers to constantly adapt to changes, makes fabrication of network security analytics solutions an almost impossible task to the programmers. Also, In recent times, there have been many cases of network and web-app security failures that brought catastrophic damage to several large enterprises and governments globally.
    Further, as the traditional network security analytics solutions based on the Bayesian probability theory, that states it’s possible to predict with high accuracy the likelihood of something happening by capturing every element of a problem and calculates possible outcomes mathematically, are being replaced with machine learning algorithms, due to this network security analytics solutions are getting more reliable.
    Bayesian models have domain conceptual alignment and ability to reason on incomplete data, while machine learning has the sheer power and ability to cope with massive quantities of data required by modern networks, that are spreading beyond traditional applications.

    North America to Account for Major Share

    The Kaspersky Lab 2018 B2B Survey indicated that in North America, the average cost of a data breach for an enterprise reached USD 1.6 million (up 23% from USD 1.3 million in 2017) on average.
    North America is the most expensive location for any small- and medium-scale business (SMB) to suffer a data breach compared to other regions. SMBs in the United States and Canada have the highest recovery cost, at USD 149 thousand on average (up 27% from USD 117 thousand in 2017).
    End-user industries in the region have been pioneers and early adopters of analytics solution to remain ahead of competitions in other regions. This has helped enterprises and SMBs create huge databases and infrastructure to support the use of security analytics in a proactive measure.
    Companies, such as Cylance Inc., the leading provider of AI-driven, prevention-first security solutions, and Securonix, a provider of SIEM and user and entity behavioral analytics, operating in North America in security analytics, announced a partnership to support the interoperability of CylancePROTECT with the new release of the Securonix Security Analytics Platform indicating the emerging trend towards cloud solution in security analytics.

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