To secure the network infrastructure as well as the devices connected to the network, security analytics is needed. The security analytics industry is gaining at a significant pace due to the growing threats and cyber vulnerabilities. In addition, mitigation, detection, as well as the analysis of targeted cyber attacks and persistent threats is carried out with the help of security analytics. Energy & utilities, government, IT & telecom, and defense are some of the major end-users of security analytics. In addition, endpoint security analytics is expected to play a significant role in changing the scenario of the overall market and is likely to observe substantial growth into coming future. Likewise, information and data application are anticipated to dominate the security analytics market across the globe. Security analytics is implemented the data as well as process it for safety and security management. In addition, security analytics allows the industries and enterprises to keep a track of an entire data stored in the databases.
Moreover, security analytics process is developed through the industrial internet of things (IIoT) and big data analytics to maintain a pace with the rising technological advancements across the world. The growing implementation of managed security solutions and services by the integration as well as organizations of security intelligence with big data analytics are some of the major factors increasing the growth of the global security analytics market. In addition to this, increase in sophistication level of security breaches and threats, increasing security requirements, raised deployment of cloud-based and web-based business applications and developing better and new security product and severe compliance and regulations requirements are also some of the key forces boosting the development of the global security analytics market.
In addition to this, the integration of big data analytics with the security intelligence and growing managed security services are offering potential growth opportunities in the security analytics market across the globe. Likewise, government and defense are the top end-users of security analytics. Some of other factors such as finding the precise security tool fulfilling the organization’s security requirements, less knowledge about the security threats as well as methods to avoid them can be a major barrier to the progress of the security analytics market.
Moreover, growing focus to maintain regularity compliance and the growing demand to explore threat patterns, the prevention of interruption, and prioritization of network-enabled threats with advanced intelligence to avoid data losses also helps to contribute to the growth of the security analytics market across the globe. According to the regional background, North American market for security analytics is expected to dominate for the highest share into coming years; this is due to the existence of the huge number of security providers across the region. This is followed by the huge development in the Asia Pacific countries particularly in developing regions such as India and China due to the rapidly growing technology, growing awareness regarding the potential security threats, as well as increasing digitalization of businesses.