Security Analytics Global Market Report 2024

Description

Security analytics is the practice of analyzing diverse data sources within an organization's IT infrastructure with the goal of identifying and mitigating risks to cybersecurity. This method aids organizations in proactively detecting, responding to, and mitigating cybersecurity threats, ultimately enhancing their overall security posture and reducing the likelihood of cyberattacks and data breaches.

Security analytics comprises key components such as a platform, services, and professional services. The platform is a robust and unified software solution offering diverse capabilities to detect, analyze, and respond to cybersecurity threats. Its applications span web security analytics, network security analytics, endpoint security analytics, application security analytics, and more. This solution finds utility in various sectors including banking, financial services, and insurance (BFSI), retail and e-commerce, media and entertainment, travel and hospitality, telecom and information technology, healthcare, and other verticals.

The security analytics market research report is one of a series of new reports from The Business Research Company that provides security analytics market statistics, including security analytics industry global market size, regional shares, competitors with security analytics market share, detailed security analytics market segments, market trends, and opportunities, and any further data you may need to thrive in the security analytics industry. This security analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The security analytics market size has grown rapidly in recent years. It will grow from $14.60 billion in 2023 to $17.00 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth observed in the historical period can be attributed to several factors, including the rise in cyber threats, the need for regulatory compliance, the expansion of big data and IoT, incidents of data breaches, the existing skills gap in cybersecurity, and the widespread adoption of cloud technologies.

The security analytics market size is expected to see rapid growth in the next few years. It will grow to $30.80 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The anticipated growth in the forecast period can be linked to advancements in AI and machine learning, the increasing adoption of zero-trust architecture, the emergence of Extended Detection and Response (XDR), challenges posed by 5G and IoT security, and the complexities associated with cloud security. Noteworthy trends during this period encompass the integration of AI and machine learning, the implementation of behavioral analytics, the rise of cloud security analytics, and the expansion of the zero-trust security market.

The growth of the security analytics market is expected to be driven by the increasing demand for cloud-based solutions. Cloud computing, also known as cloud services, involves delivering services, applications, or resources over the Internet rather than relying on local servers or personal computers. The popularity of cloud-based solutions is rising rapidly due to their inherent benefits in scalability, flexibility, and cost-effectiveness. Security analytics, which often involves processing large volumes of data from diverse sources, can benefit from the scalability offered by cloud-based solutions. These solutions enable organizations to dynamically scale resources based on demand, without the limitations of on-premises infrastructure. In December 2021, Eurostat reported that 41% of EU enterprises used cloud computing, with large businesses adopting it at a rate of 72%, emphasizing the growing need for cloud-based solutions and its impact on the security analytics market.

Major companies are focusing on innovation to enhance their profitability. This includes the development of new technological platforms, such as next-gen XDR and AI capabilities platforms. XDR capabilities encompass a wide range of native security sensors for comprehensive protection across different tiers such as network, server, cloud, and IoT. For instance, Trend Micro Inc., a Japan-based IT security company, launched Trend Vision One in June 2023. This next-gen XDR and AI capabilities platform leverage companion AI and generative AI to improve security operations, enhance efficiency, and expedite threat detection, response, and cyber risk management. The platform aims to provide a unified and integrated approach to threat detection, investigation, and response, thereby transforming cyber resilience.

In November 2022, Splunk, a US-based software company, made a strategic move in the security analytics market by acquiring TwinWave Security LLC for an undisclosed amount. This acquisition was intended to strengthen Splunk's position in the market and provide security analysts with cloud-native automated threat analysis. The addition of TwinWave Security LLC's capabilities reinforced Splunk's security leadership and offered essential new tools to assess and address security threats. TwinWave Security LLC, a US-based threat analysis company, contributed to Splunk's portfolio with its expertise in security analytics services.

Major companies operating in the security analytics market report are The International Business Machines Corporation, Cisco Systems Inc., Palo Alto Networks Inc., Fortinet, Akamai Technologies, Nortonlock life, F5 Networks Inc., Micro Focus International PLC, Check Point Software Technologies, CrowdStrike, FireEye, RSA Security, Rapid7, Forcepoint, Darktrace, SentinelOne, LogRhythm, Trustwave, Alert Logic Inc., Exabeam, CyberArk, Arbor Networks Inc., Securonix, Splunk, Darktrace Limited

North America was the largest region in the security analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the security analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The security analytics market includes revenues earned by entities by providing services such as log management and analysis, behavioral analytics, threat intelligence, network traffic analysis, vulnerability management, and incident response and forensics security analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Security Analytics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on security analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for security analytics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security analytics market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Component: Platform; Service; Professional Services
2) By Application: Web Security Analytics; Network Security Analytics; Endpoint Security Analytics; Application Security Analytics; Others Applications
3) By Verticals: Banking, Financial Services, and Insurance (BFSI); Retail and eCommerce; Media and Entertainment; Travel and Hospitality; Telecom and Information Technology; Healthcare; Others Verticals
Companies Mentioned: The International Business Machines Corporation; Cisco Systems Inc.; Palo Alto Networks Inc.; Fortinet; Akamai Technologies
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16912

1. Executive Summary

2. Security Analytics Market Characteristics

3. Security Analytics Market Trends And Strategies

4. Security Analytics Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Security Analytics Market Size and Growth

5.1. Global Security Analytics Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Security Analytics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Security Analytics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Security Analytics Market Segmentation

6.1. Global Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platform
Service
Professional Services
6.2. Global Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Web Security Analytics
Network Security Analytics
Endpoint Security Analytics
Application Security Analytics
Others Applications
6.3. Global Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Banking, Financial Services, and Insurance (BFSI)
Retail and eCommerce
Media and Entertainment
Travel and Hospitality
Telecom and Information Technology
Healthcare
Others Verticals

7. Security Analytics Market Regional And Country Analysis

7.1. Global Security Analytics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Security Analytics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Security Analytics Market

8.1. Asia-Pacific Security Analytics Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Security Analytics Market

9.1. China Security Analytics Market Overview
9.2. China Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Security Analytics Market

10.1. India Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Security Analytics Market

11.1. Japan Security Analytics Market Overview
11.2. Japan Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Security Analytics Market

12.1. Australia Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Security Analytics Market

13.1. Indonesia Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Security Analytics Market

14.1. South Korea Security Analytics Market Overview
14.2. South Korea Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Security Analytics Market

15.1. Western Europe Security Analytics Market Overview
15.2. Western Europe Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Security Analytics Market

16.1. UK Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Security Analytics Market

17.1. Germany Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Security Analytics Market

18.1. France Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Security Analytics Market

19.1. Italy Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Security Analytics Market

20.1. Spain Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Security Analytics Market

21.1. Eastern Europe Security Analytics Market Overview
21.2. Eastern Europe Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Security Analytics Market

22.1. Russia Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Security Analytics Market

23.1. North America Security Analytics Market Overview
23.2. North America Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Security Analytics Market

24.1. USA Security Analytics Market Overview
24.2. USA Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Security Analytics Market

25.1. Canada Security Analytics Market Overview
25.2. Canada Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Security Analytics Market

26.1. South America Security Analytics Market Overview
26.2. South America Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Security Analytics Market

27.1. Brazil Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Security Analytics Market

28.1. Middle East Security Analytics Market Overview
28.2. Middle East Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Security Analytics Market

29.1. Africa Security Analytics Market Overview
29.2. Africa Security Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Security Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Security Analytics Market, Segmentation By Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Security Analytics Market Competitive Landscape And Company Profiles

30.1. Security Analytics Market Competitive Landscape
30.2. Security Analytics Market Company Profiles
- 30.2.1. The International Business Machines Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Cisco Systems Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Palo Alto Networks Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Fortinet
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Akamai Technologies
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Security Analytics Market Other Major And Innovative Companies

31.1. Nortonlock life
31.2. F5 Networks Inc.
31.3. Micro Focus International PLC
31.4. Check Point Software Technologies
31.5. CrowdStrike
31.6. FireEye
31.7. RSA Security
31.8. Rapid7
31.9. Forcepoint
31.10. Darktrace
31.11. SentinelOne
31.12. LogRhythm
31.13. Trustwave
31.14. Alert Logic Inc.
31.15. Exabeam

32. Global Security Analytics Market Competitive Benchmarking

33. Global Security Analytics Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Security Analytics Market

35. Security Analytics Market Future Outlook and Potential Analysis

35.1 Security Analytics Market In 2028 - Countries Offering Most New Opportunities
35.2 Security Analytics Market In 2028 - Segments Offering Most New Opportunities
35.3 Security Analytics Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer