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Security Analytics Market by Application (Web Security, Network Security, Endpoint Security, and Application Security Analytics), Component, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2024

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Report Code: TC 1480 Feb, 2020, by marketsandmarkets.com
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The security analytics market size is projected to grow from USD 7.8 billion in 2019 to USD 18.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. The major factors driving the growth of the security analytics market include the increasing focus to maintain regulatory compliance and demand to discover threat patterns, prioritization of network-based threats with actionable intelligence to avert data losses, and prevention of onward intrusion.

Security Analytics Market

Services segment to grow at a higher CAGR during the forecast period

Based on components, the services segment is projected to grow at a higher CAGR during the forecast period. The services segment constitutes an integral part of the security analytics market. It involves the support offered by security vendors to assist their customers for the efficient use and maintenance of security analytics solutions. The increased rate of security-related instances demand organizations to adopt security analytics services to address the risks in the constantly evolving global threat landscape. The security services market is segmented into two major types: professional services and managed services; professional services have been further categorized into consulting, support and maintenance; and training and education. These services help organizations to further strengthen their Security Operations Center (SOC).

Network security analytics segment to hold the highest market share during the forecast period

The network security analytics segment among applications is projected to have highest market share in the security analytics market during the forecast period. Network security analytics is a proactive technique to secure the network from advanced threats by collecting and analyzing different types of network security event information to generate a comprehensive security analytics solution. Security analytics solutions also perform a deep packet analysis of the network traffic to look for malware that may be present and to detect and mitigate it before it can enter the network and hamper network security. Organizations can understand such network attacks in a better way by implementing real-time monitoring of servers, endpoints and network traffic, network logs, and diverse event data from applications and perform forensic analysis with the help of security analytics solutions. The next-generation advanced threats easily by-pass traditional security solutions and hacks valuable information. Thus, the deployment of security analytics solutions is becoming a trend in the security industry to improve visibility in the network and quickly respond to malicious activities.

Cloud deployment mode to grow at a higher CAGR during the forecast period

Cloud deployment of security analytics solutions allow users to deploy security analytics solutions without the need of an Information Technology (IT) staff to manage the software. The task of monitoring the security system is granted to the vendor or can be done internally. The cloud deployment mode is being used by Small and Medium-sized Enterprises (SMEs) to reap the benefits of security systems that require low startup costs. The system offers web-based management and enterprise-class protection. The market for cloud-based security analytics solutions is growing with SMEs opting for these services. The Software-as-a-Service (SaaS) model of deployment is generating demand for cloud-based security analytics solutions as it provides scalability and flexibility. The major providers of cloud-based security analytics solutions are IBM, Splunk, and FireEye.

Security Analytics Market by Region

North America to hold the highest market share in 2019

North America to hold the highest market share among all the regions during the forecast period. The North American region comprises the US and Canada. With one of the highest technological adoptions, North America registers the greatest number of security breach incidents, thus dominating the global security analytics market. North America also has the highest number of key players in the security analytics market. Some major players of this region include IBM Corporation, Cisco, Splunk, RSA, FireEye, and Hewlett Packard Enterprise (HPE)  that make the region highly competitive. Governments in the region have identified cybersecurity as the most serious economic and national security challenge. Growing trends, such as Bring Your Own Device (BYOD), Internet of Things (IoT), and the Internet of Everything (IoE) have resulted in tremendous technological growth in this region. They have also triggered a rise in next-generation threats and added more complexities and concerns to the existing technological infrastructure. The other drivers that are increasing the demand for security solutions include the need for regulatory compliance. Thus, the rise in threats and vulnerabilities, and government compliances has made North America the most lucrative market for security analytics vendors.

 

Key Market Players

Key market players profiled in this report include IBM (US), Cisco (US), Splunk (US), RSA (US), FireEye (US), HPE (US), McAfee (US), Symantec (US), LogRhythm (US), Huntsman Security (Australia), Securonix (US), Gurucul (US), Juniper Networks (US), Hillstone Networks (China), Exabeam (US), Rapid7 (US), Alert Logic (US), Forcepoint (US), Assuria (UK), and Haystax (US). These players have adopted various growth strategies, such as partnerships and new service launches to expand their presence further in the security analytics market and broaden their customer base.

Scope of Report

Report Metrics

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value (USD Million)

Segments covered

Application (Web Security, Network Security, Endpoint Security, and Application Security Analytics), Component, Deployment Mode, Organization Size, Industry Vertical, and Region

Regions covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

IBM (US), Cisco (US), Splunk (US), RSA (US), FireEye (US), HPE (US), McAfee (US), Symantec (US), LogRhythm (US), Huntsman Security (Australia), Securonix (US), Gurucul (US), Juniper Networks (US), Hillstone Networks (China), Exabeam (US), Rapid7 (US), Alert Logic (US), Forcepoint (US), Assuria (UK), and Haystax (US).

This research report categorizes the security analytics market to forecast revenue and analyze trends in each of the following submarkets:

Based on Components, the security analytics market has the following segments:

  • Solutions
  • Services
    • Professional Services
      • Consulting
      • Support and Maintenance
      • Training and Education
    • Managed Services

Based on Application type, the security analytics market has the following segments:

  • Web Security Analytics
  • Network Security Analytics
  • Endpoint Security Analytics
  • Application Security Analytics

Based on Deployment mode, the market has the following segments:

  • Cloud
  • On-premises

Based on Organization size, the security analytics market has the following segments:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Based on Verical, the market has the following segments:

  • Government and Defense
  • Banking, Financial Services, and Insurance (BFSI)
  • Consumer Goods and Retail
  • IT and Telecom
  • Healthcare
  • Energy and Utilities
  • Manufacturing

Based on Regions, the security analytics market has the following segments:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Rest of Europe ()
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC ()
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America ()

IBM offers security analytics solutions through IBM QRadar, an enterprise Security Information and Event Management (SIEM) product that collects log data from an enterprise, its network devices, host assets and Operating Systems (OS), applications, vulnerabilities, and user activities and behaviors. This log data is analyzed further on a real-time basis to identify malicious activities so it can be stopped quickly, preventing or minimizing damage to the organization. In December 2019, IBM enhanced the IBM QRadar Advisor with Watson solution by combining IBM Cognitive Artificial Intelligence (AI) and the QRadar Security Analytics Platform to uncover hidden threats and assist users with the incident and risk analysis, triage, and response. QRadar Advisor with Watson enriches security incidents compiled by the QRadar platform, with insights from Watson for Cyber Security to investigate and respond to threats at an increased speed and scale.

Recent Developments

  1. In December 2019, IBM enhanced the IBM QRadar Advisor with Watson solution by combining IBM Cognitive AI and the QRadar Security Analytics Platform to uncover hidden threats and assist users with the incident and risk analysis, triage, and response.
  2. In August 2019, Cisco upgraded its security analytics solution Cisco Stealthwatch to version 7.1.2 that adds enhanced analytics, context-aware mitigation capabilities, and improved features for controlling and managing the tool.
  3. In December 2019, Splunk expanded its global footprint to 11 global innovation hubs in locations spanning across Canada, Poland, Singapore, the UK, and the US. With this expansion strategy, Splunk aims to accelerate growth across IT, security, and business operations to cater to the ever-growing surge of organizations transforming data into actionable insights.
  4. In December 2019, RSA extended its enterprise offerings of modern authentication and identity assurance through a strategic partnership and joint solution with Yubico, forming a solution YubiKey for RSA SecurID Access.
  5. In October 2019, FireEye announced the availability of two new FireEye Mandiant services: Purple Team Assessments and Continuous Purple Team Assessments that will help organizations work closely with FireEye Mandiant incident response experts to quantifiably evaluate their security programs against Verodin simulated attack scenarios.

Key questions addressed by the report

  • What are the growth opportunities in the security analytics market?
  • What is the competitive landscape scenario in the market?
  • What are the regulations that are expected to have an impact on the market?
  • How have security analytics solutions and services evolved from traditional technologies?
  • What are the dynamics of the security analytics market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Security Analytics Market: Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Insights of Industry Experts
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Methodology
           2.5.1 Vendor Inclusion Criteria
    2.6 Research Assumptions
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 42)
    4.1 Attractive Market Opportunities in the Security Analytics Market
    4.2 Market: Top 3 Applications
    4.3 Market, By Region
    4.4 Security Analytics Market in North America, By Application and Industry Vertical

5 Market Overview and Industry Trends (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Demand to Discover Patterns, Prioritization of Network-Based Threats With Actionable Intelligence to Avert Data Losses, and Prevention of Onward Intrusion
                    5.2.1.2 Increasing Focus on Maintaining Regulatory Compliance
           5.2.2 Restraints
                    5.2.2.1 Lack of Automation
           5.2.3 Opportunities
                    5.2.3.1 Big Data Analytics and Cloud Infrastructure to be Imperative for Security Analytics Solutions Going Forward
                    5.2.3.2 The Necessity of a Balanced Security Approach
           5.2.4 Challenges
                    5.2.4.1 Lack of End-User Knowledge About Advanced Threats
    5.3 Industry Trends
           5.3.1 Use Cases
                    5.3.1.1 Use Case: to Proactively Detect and Prevent Cyberattacks
                    5.3.1.2 Use Case: to Increase Visibility Over Network and Fix the Inability to Resolve Security Incidents Quickly
                    5.3.1.3 Use Case: to Improve Security Operations in a Global Healthcare Provider
    5.4 Regulatory Implications
           5.4.1 General Data Protection Regulation
           5.4.2 Sarbanes–Oxley Act of 2002
           5.4.3 Basel
           5.4.4 Governance, Risk, and Compliance
           5.4.5 European Union Data Protection Regulation
           5.4.6 Health Information Technology for Economic and Clinical Health Act
           5.4.7 Health Insurance Portability and Accountability Act

6 Security Analytics Market, By Application (Page No. - 52)
    6.1 Introduction
    6.2 Web Security Analytics
           6.2.1 Web Security Analytics: Market Drivers
    6.3 Network Security Analytics
           6.3.1 Network Security Analytics: Market Drivers
    6.4 Endpoint Security Analytics
           6.4.1 Endpoint Security Analytics: Market Drivers
    6.5 Application Security Analytics
           6.5.1 Application Security Analytics: Market Drivers
    6.6 Others

7 Security Analytics Market, By Component (Page No. - 59)
    7.1 Introduction
    7.2 Solutions
           7.2.1 Solutions: Market Drivers
    7.3 Services
           7.3.1 Services: Market Drivers
           7.3.2 Professional Services
                    7.3.2.1 Consulting
                    7.3.2.2 Support and Maintenance
                    7.3.2.3 Training and Education
           7.3.3 Managed Services

8 Security Analytics Market, By Deployment Mode (Page No. - 68)
    8.1 Introduction
    8.2 Cloud
           8.2.1 Cloud Deployment Mode: Market Drivers
    8.3 On-Premises
           8.3.1 On-Premises Deployment Mode: Market Drivers

9 Security Analytics Market, By Organization Size (Page No. - 72)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
           9.2.1 Small and Medium-Sized Enterprises: Market Drivers
    9.3 Large Enterprises
           9.3.1 Large Enterprises: Market Drivers

10 Security Analytics Market, By Industry Vertical (Page No. - 76)
     10.1 Introduction
     10.2 Government and Defense
             10.2.1 Government and Defense: Market Drivers
     10.3 Banking, Financial Services, and Insurance
             10.3.1 Banking, Financial Services, and Insurance: Market Drivers
     10.4 Consumer Goods and Retail
             10.4.1 Consumer Goods and Retail: Market Drivers
     10.5 IT and Telecom
             10.5.1 IT and Telecom: Market Drivers
     10.6 Healthcare
             10.6.1 Healthcare: Market Drivers
     10.7 Energy and Utilities
             10.7.1 Energy and Utilities: Market Drivers
     10.8 Manufacturing
             10.8.1 Manufacturing: Market Drivers
     10.9 Other Industry Verticals

11 Security Analytics Market, By Region (Page No. - 88)
     11.1 Introduction
     11.2 North America
             11.2.1 North America: Market Drivers
             11.2.2 United States
             11.2.3 Canada
     11.3 Europe
             11.3.1 Europe: Market Drivers
             11.3.2 United Kingdom
             11.3.3 Germany
             11.3.4 France
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Asia Pacific: Security Analytics Market Drivers
             11.4.2 China
             11.4.3 Japan
             11.4.4 India
             11.4.5 Australia and New Zealand
             11.4.6 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East and Africa: Market Drivers
             11.5.2 Middle East
             11.5.3 Africa
     11.6 Latin America
             11.6.1 Latin America: Market Drivers
             11.6.2 Brazil
             11.6.3 Mexico
             11.6.4 Rest of Latin America

12 Competitive Landscape (Page No. - 127)
     12.1 Introduction
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies

13 Company Profiles (Page No. - 129)
     13.1 Introduction
(Business Overview, Solutions, Services, Organic & Inorganic Growth, Key Insights, Recent Developments, SWOT Analysis)*
     13.2 IBM
     13.3 Cisco
     13.4 Splunk
     13.5 RSA
     13.6 FireEye
     13.7 HPE
     13.8 McAfee
     13.9 Symantec
     13.10 LogRhythm
     13.11 Fortinet
     13.12 Huntsman Security
     13.13 Securonix
     13.14 Gurucul
     13.15 Juniper Networks
     13.16 Hillstone Networks
     13.17 Exabeam
     13.18 Rapid7
     13.19 Alert Logic
     13.20 Forcepoint
     13.21 Assuria
     13.22 Haystax
     13.23 Right-To-Win

*Details on Business Overview, Solutions, Services, Organic & Inorganic Growth, Key Insights, Recent Developments, SWOT Analysis Not be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 183)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customization
     14.4 Related Reports
     14.5 Author Details


List of Tables (104 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2019
Table 2 Factor Analysis
Table 3 Evaluation Criteria
Table 4 Security Analytics Market Size and Growth, 2017–2024 (USD Million)
Table 5 Market Size, By Application, 2017–2024 (USD Million)
Table 6 Web Security Analytics: Market Size, By Region, 2017–2024 (USD Million)
Table 7 Network Security Analytics: Market Size, By Region, 2017–2024 (USD Million)
Table 8 Endpoint Security Analytics: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Application Security Analytics: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 12 Solutions: Market Size, By Region, 2017–2024 (USD Million)
Table 13 Services: Market Size, By Type, 2017–2024 (USD Million)
Table 14 Services: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Professional Services: Market Size, By Type, 2017–2024 (USD Million)
Table 16 Professional Services: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Consulting: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Support and Maintenance: Market Size, By Region, 2017–2024 (USD Million)
Table 19 Training and Education: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Managed Services: Market Size, By Region, 2017–2024 (USD Million)
Table 21 Security Analytics Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 22 Cloud Deployment Mode: Market Size, By Region, 2017–2024 (USD Million)
Table 23 On-Premises Deployment Mode: Market Size, By Region, 2017–2024 (USD Million)
Table 24 Market Size, By Organization Size, 2017–2024 (USD Million)
Table 25 Small and Medium-Sized Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 26 Large Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 27 Security Analytics Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 28 Government and Defense: Market Size, By Region, 2017–2024 (USD Million)
Table 29 Banking, Financial Services, and Insurance: Market Size, By Region, 2017–2024 (USD Million)
Table 30 Consumer Goods and Retail: Market Size, By Region, 2017–2024 (USD Million)
Table 31 IT and Telecom: Market Size, By Region, 2017–2024 (USD Million)
Table 32 Healthcare: Market Size, By Region, 2017–2024 (USD Million)
Table 33 Energy and Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 34 Manufacturing: Market Size, By Region, 2017–2024 (USD Million)
Table 35 Other Industry Verticals: Market Size, By Region, 2017–2024 (USD Million)
Table 36 Security Analytics Market Size, By Region, 2017–2024 (USD Million)
Table 37 North America: Market Size, By Component, 2017–2024 (USD Million)
Table 38 North America: Market Size, By Service, 2017–2024 (USD Million)
Table 39 North America: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 40 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 41 North America: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 42 North America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 43 North America: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 44 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 45 United States: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 46 United States: Market Size, By Application, 2017–2024 (USD Million)
Table 47 United States: Market Size, By Service, 2017–2024 (USD Million)
Table 48 United States: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 49 United States: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 50 United States: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 51 United States: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 52 Canada: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 53 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 54 Canada: Market Size, By Service, 2017–2024 (USD Million)
Table 55 Canada: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 56 Canada: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 57 Canada: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 58 Canada: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 59 Europe: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 60 Europe: Market Size, By Service, 2017–2024 (USD Million)
Table 61 Europe: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 62 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 63 Europe: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 64 Europe: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 65 Europe: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 66 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 67 United Kingdom: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 68 United Kingdom: Market Size, By Application, 2017–2024 (USD Million)
Table 69 United Kingdom: Market Size, By Service, 2017–2024 (USD Million)
Table 70 United Kingdom: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 71 United Kingdom: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 72 United Kingdom: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 73 United Kingdom: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 74 Asia Pacific: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 75 Asia Pacific: Market Size, By Service, 2017–2024 (USD Million)
Table 76 Asia Pacific: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 77 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 78 Asia Pacific: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 79 Asia Pacific: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 80 Asia Pacific: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 81 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 82 China: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 83 China: Market Size, By Application, 2017–2024 (USD Million)
Table 84 China: Market Size, By Service, 2017–2024 (USD Million)
Table 85 China: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 86 China: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 87 China: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 88 China: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 89 Middle East and Africa: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 90 Middle East and Africa: Market Size, By Service, 2017–2024 (USD Million)
Table 91 Middle East and Africa: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 92 Middle East and Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 93 Middle East and Africa: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 94 Middle East and Africa: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 95 Middle East and Africa: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 96 Middle East and Africa: Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 97 Latin America: Security Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 98 Latin America: Market Size, By Service, 2017–2024 (USD Million)
Table 99 Latin America: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 100 Latin America: Market Size, By Application, 2017–2024 (USD Million)
Table 101 Latin America: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 102 Latin America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 103 Latin America: Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 104 Latin America: Market Size, By Country, 2017–2024 (USD Million)
 
 
List of Figures (56 Figures)
 
Figure 1 Security Analytics Market: Research Design
Figure 2 Breakup of Primary Interviews: By Company, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Solutions/Services of the Market
Figure 5 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply Side): Collective Revenue of All Solutions/Services of the Market
Figure 6 Market Size Estimation Methodology—Approach 2— Bottom-Up (Demand Side): Products/Solutions/Services Sold and Their Average Selling Price
Figure 7 Security Analytics Market: Assumptions
Figure 8 Market Snapshot, By Component
Figure 9 Market Snapshot, By Service
Figure 10 Market Snapshot, By Professional Service
Figure 11 Market Snapshot, By Deployment Mode
Figure 12 Market Snapshot, By Organization Size
Figure 13 Market Snapshot, By Application
Figure 14 Market Snapshot, By Industry Vertical
Figure 15 Market Snapshot, By Region
Figure 16 Increasing Adoption of Web- and Mobile-Based Business Applications and Growing Demand for Cloud-Based Technologies to Drive the Security Analytics Market
Figure 17 Endpoint Security Analytics Segment to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America to Hold the Highest Market Share in 2019
Figure 19 Network Security Analytics, and Government and Defense Industry Vertical in North America to Hold the Highest Market Shares in the Security Analytics Market in 2019
Figure 20 Drivers, Restraints, Opportunities, and Challenges: Security Analytics Market
Figure 21 Endpoint Security Analytics Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Solutions Segment to Account for a Larger Market Size During the Forecast Period
Figure 23 Managed Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 24 Training and Education Segment to Grow at the Highest CAGR During the Forecast Period
Figure 25 Cloud Deployment Mode Segment to Grow at a Higher CAGR During the Forecast Period
Figure 26 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period
Figure 27 Government and Defense Industry Vertical to Hold the Largest Market Size During the Forecast Period
Figure 28 North America to Account for the Largest Market Size During the Forecast Period
Figure 29 India to Account for the Highest CAGR During the Forecast Period
Figure 30 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Figure 31 North America: Market Snapshot
Figure 32 Endpoint Security Analytics Segment to Grow at the Highest CAGR in North America During the Forecast Period
Figure 33 Canada
Figure 34 Endpoint Security Analytics Segment to Grow at the Highest CAGR in Europe During the Forecast Period
Figure 35 Asia Pacific: Market Snapshot
Figure 36 Endpoint Security Analytics Segment to Grow at the Highest CAGR in Asia Pacific During the Forecast Period
Figure 37 Endpoint Security Analytics Segment to Grow at the Highest CAGR in Middle East and Africa During the Forecast Period
Figure 38 Network Security Analytics Segment to Have the Largest Market Size in Latin America During the Forecast Period
Figure 39 Security Analytics Market (Global), Competitive Leadership Mapping, 2019
Figure 40 IBM: Company Snapshot
Figure 41 IBM: SWOT Analysis
Figure 42 Cisco: Company Snapshot
Figure 43 Cisco: SWOT Analysis
Figure 44 Splunk: Company Snapshot
Figure 45 Splunk: SWOT Analysis
Figure 46 RSA: Company Snapshot
Figure 47 RSA: SWOT Analysis
Figure 48 FireEye: Company Snapshot
Figure 49 FireEye: SWOT Analysis
Figure 50 HPE: Company Snapshot
Figure 51 HPE: SWOT Analysis
Figure 52 Symantec: Company Snapshot
Figure 53 Fortinet: Company Snapshot
Figure 54 Juniper Networks: Company Snapshot
Figure 55 Rapid7: Company Snapshot
Figure 56 Forcepoint: Company Snapshot

The study involved four major activities in estimating the current market size for the security analytics market. An exhaustive secondary research was done to collect information on the security analytics market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the security analytics market.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from secondary sources, such as Journal of Cybersecurity, International Journal of Cyber-Security and Digital Forensics, International Information Systems Security Certification Consortium, Forum of Incident Response and Security Teams, and Association of Information Technology Professionals (AITP). Additionally, Cybersecurity investment and spending of various countries were extracted from the respective security associations, such as The International Trade Administration (ITA), U.S. Department of Commerce, International Telecommunication Union, and National Cyber Security Centre were referred.

Primary Research

Security Analytics Market Primary Profiles

The security analytics market comprises several stakeholders, such as security analytics vendors, security analytics service providers, venture capitalists, government organizations, regulatory authorities, policymakers, and financial organizations, consulting firms, research organizations, academic institutions, resellers and distributors and training providers. The demand side of the security analytics market consists of all the firms operating in several industry verticals. The supply side includes security analytics providers, offering security analytics services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakup of the primary respondents

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global security analytics market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors offering solutions and services in the security analytics market was prepared while using the top-down approach. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its components (hardware, software, and services). The aggregate of all companies’ revenues was extrapolated to reach the overall market size.

Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and managers.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global security analytics market by component, application, deployment mode, organization size, industry vertical, and region during the forecast period, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the security analytics market
  • To analyze each submarket with respect to individual growth trends, prospects, and contribution to the overall security analytics market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the security analytics market
  • To profile key market players; provide a comparative analysis based on business overview, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market
  •  To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research & Development (R&D) activities, in the market

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Report Code
TC 1480
Published ON
Feb, 2020
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