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What is the present valuation and projected CAGR of the security analytics market?
The security analytics market size has grown rapidly in recent years. It will grow from $17 billion in 2024 to $19.74 billion in 2025 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to increasing cyber threats, regulatory compliance requirements, big data and iot growth, data breaches and incidents, skills gap in cybersecurity, and cloud adoption.
The security analytics market size is expected to see rapid growth in the next few years. It will grow to $35.8 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to ai and machine learning advancements, zero trust architecture adoption, extended detection and response (XDR), 5G and IoT security challenges, and cloud security challenges. Major trends in the forecast period include ai and machine learning integration, behavioral analytics, cloud security analytics, and zero trust security market.
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Which Market drivers have played a significant role in driving the security analytics market?
The increasing need for cloud-based solutions is expected to propel the growth of the security analytics market going forward. Cloud-based solutions, also known as cloud computing or cloud services, refer to services, applications, or resources that are hosted and delivered over the Internet rather than being located on local servers or personal computers. Cloud-based solutions are experiencing a rapid rise in popularity due to their inherent advantages in scalability, flexibility, and cost-effectiveness. Security analytics often involve processing large volumes of data from diverse sources. Cloud-based solutions provide the scalability needed to handle this data effectively, allowing organizations to dynamically scale resources up or down based on demand without the constraints of on-premises infrastructure. For instance, in April 2024, according Eurostat, a Luxembourg-based government agency, in 2023, 42.5% of enterprises in the EU purchased cloud computing services, primarily for email, file storage, and office software. This represents a 4.2% point increase compared to the share of enterprises that purchased cloud computing services in 2021. Therefore, the increasing need for cloud-based solutions is driving the growth of the security analytics market.
What are the key segments within the security analytics market?
The security analytics market covered in this report is segmented –
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
Subsegments:
1) By Platform: Security Information And Event Management (SIEM), User And Entity Behavior Analytics (UEBA), Security Orchestration, Automation, And Response (SOAR), Threat Intelligence Platforms, Endpoint Detection And Response (EDR)
2) By Service: Managed Security Services, Consulting Services, Integration Services, Support And Maintenance Services
3) By Professional Services: Risk Assessment Services, Incident Response Services, Compliance Management Services, Security Training And Awareness Services
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Which key players are shaping the security analytics market?
Major companies operating in the security analytics market 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
Which transformative trends will shape the security analytics market landscape?
Major companies operating in the security analytics market are innovating new technological platforms, such as next-gen XDR and AI capabilities platforms, to gain profitability in the market. The platform’s XDR capabilities include the widest range of native security sensors to provide thorough security protection at different tiers, such as network, server, cloud, and IoT. For instance, in June 2023, Trend Micro Inc., a Japan-based IT security company, launched Trend Vision One, a next-gen XDR (extended detection and response) and AI (artificial intelligence) capabilities platform. It provides companion AI and generative AI driven by AI to enhance security operations, increase efficiency, and quicken threat detection, response, and cyber risk management. With its cutting-edge capabilities, the platform is intended to offer a unified and integrated approach to threat detection, investigation, and response, revolutionizing cyber resilience.
How do regional factors impact the security analytics market, and which region is the largest contributor?
North America was the largest region in the security analytics market in 2024. 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.
What Does The Security Analytics Market Report 2025 Offer?
The security analytics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Security analytics refers to a method of analyzing various data sources within an organization’s IT infrastructure to help identify and address risks to cyber security. It is used to help organizations proactively detect, respond to, and mitigate cyber security threats, improving their overall security stance and lowering the possibility of cyberattacks and data breaches.
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