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Agreements, Mergers & Acquisitions, and Business Expansions are some of the Significant Strategies Embraced by the Market Players in the Security Analytics Market
Security analytics is the approach of extracting significant security data from the organizationís present as well as historic data sets. The practice determines the trends of data and predicts the future results and patterns. The primary objective of implementing security analytics technique by organizations around the globe is to get insights from the past and present security data to anticipate the future of security related issues. Companies require core competency in security analytics, security infrastructure, and visualization to settle on information driven security decisions.
This business sector includes an expansive number of vendors providing applications and services, for example, Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) (U.S.), Blue Coat Systems, Inc. (U.S.), and AlienVault, Inc. (U.S.). Players in this business sector have embraced different strategies to extend their worldwide presence and expand their market share. Partnerships & collaborations and new product launches were the key strategies adopted by industry players to accomplish development in the market. Apart from these agreements, mergers & acquisitions, and business expansions are some of the other significant strategies embraced by the market players in the security analytics market.
IBM Corporation is one of the eminent leaders in the security analytics market. The organization has a noteworthy presence in more than 175 countries, and primarily serves the regions of the North America, Europe, APAC, MEA, and Latin America. IBMís long term strategy lean more towards inorganic growth strategy where they hope to include more mergers & acquisitions and partnership & agreement. Acquisition of Resilient Systems and partnership with Check Point Software Technologies clarifies that IBM will be further putting resources into its inorganic growth strategy for cementing their market leader position in security analytics.
Hewlett Packard Enterprise (HPE) is another such prominent player in the market. The fundamental objective of HPE is to meet every industry client requirement and in addition provide new advancements in security analytics. The organization serves clients across different industries, for example, retail, BFSI, government, healthcare, IT, manufacturing, media and telecom, and others. The company has a worldwide presence over North America, Europe, APAC, MEA, and Latin America. HPE is considered as one of the strongest suppliers in security analytics solutions. The organization follows both organic as well as inorganic way to deal with expansion of its market share. With new product launch of Security Analytics Solution based on SIEM, the organization is expanding its client base by securing digital enterprises across globe.
The global security analytics market is expected to grow from USD 2.83 Billion in 2016 to USD 9.38 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.1% from 2016 to 2021.
Security Analytics Market by Application (Network Security Analytics, Application Security Analytics, Web Security Analytics, Endpoint Security Analytics), Services, Deployment Mode, Organization Size, Vertical, Region - Global Forecast to 2021
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