Security Analytics Market Report by Component (Solutions, Services), Application (Application Security Analytics, Web Security Analytics, Endpoint Security Analytics, Network Security Analytics, and Others), Deployment Mode (Cloud-based, On-premises), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical (BFSI, Healthcare, Manufacturing, Consumer Goods and Retail, IT and Telecom, Government and Defense, and Others), and Region 2024-2032
The global security analytics market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 11.2% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 5.4 Billion
Market Forecast in 2032
US$ 14.3 Billion
Market Growth Rate (2024-2032)
11.2%
Security analytics refers to a proactive security approach that uses big data analytics and machine learning to gather, categorize and analyze data from network devices. It is primarily aimed at managing the security of an organization’s digital infrastructure and prevent advanced threats. It is based on data mining and threat detection algorithms that are focused on providing digital asset metadata, geo-location, threat intelligence and internet protocol (IP) context-related analytical results. It provides real-time alerts from workstations, servers, mobile devices, sensors and other endpoints, monitors network traffic volume and maintains third-party threat intelligence feeds.
The increasing number of cyber threats and security breaches across the globe is one of the key factors driving the growth of the market. In line with this, the widespread adoption of security analytic tools across organizations for discovering patterns and prioritizing network-based threats to obtain insights for preventing data losses and future intrusions is also contributing to the market growth. The increasing utilization of cloud-based services and big data tools is acting as another major growth-inducing factor. Cloud deployment of security analytics offers web-based management and enterprise-wide protection solutions that have enhanced scalability, network security and speed. Additionally, the development of network security analytics that can perform deep packet analysis of the network traffic to identify malware and mitigate it, is also creating a positive outlook for the market. Other factors, including increasing investments by government and defense organizations to combat advanced cyber threats, along with the development of Next-generation firewalls, Intrusion Prevention Systems (IPS), anti-malware gateways and endpoint security applications, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global security analytics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, application, deployment mode, organization size, and vertical.
Breakup by Component:
Solutions
Services
Professional Services
Managed Services
Breakup by Application:
Application Security Analytics
Web Security Analytics
Endpoint Security Analytics
Network Security Analytics
Others
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:
BFSI
Healthcare
Manufacturing
Consumer Goods and Retail
IT and Telecom
Government and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alert Logic Inc. (Welsh, Carson, Anderson & Stowe), Alienvault Inc. (AT&T Cybersecurity), Arbor Networks Inc. (NETSCOUT Systems, Inc.), Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, LogRhythm Inc. (Thoma Bravo, LLC), McAfee LLC (TPG Capital & Intel Corporation), RSA Security LLC. (Dell Technologies Inc.), Splunk Inc., etc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, Application, Deployment Mode, Organization Size, Vertical, Region
Regions Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Alert Logic Inc. (Welsh, Carson, Anderson & Stowe), Alienvault Inc. (AT&T Cybersecurity), Arbor Networks Inc. (NETSCOUT Systems, Inc.), Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, LogRhythm Inc. (Thoma Bravo, LLC), McAfee LLC (TPG Capital & Intel Corporation), RSA Security LLC. (Dell Technologies Inc.), Splunk Inc., etc.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global security analytics market was valued at US$ 5.4 Billion in 2023.
We expect the global security analytics market to exhibit a CAGR of 11.2% during 2024-2032.
The growing demand for cloud-based solutions, along with the increasing applications of security analytics for managing the security of digital infrastructure of an organization and preventing advanced threats, are primarily driving the global security analytics market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of remote working model resulting in the increasing demand for advanced analytics-based security solutions to detect and manage online frauds, phishing attacks, ransomware attacks, etc. in the networks.
Based on the component, the global security analytics market can be segmented into solutions and services. Currently, solutions hold the majority of the total market share.
Based on the application, the global security analytics market has been divided into application security analytics, web security analytics, endpoint security analytics, network security analytics, and others. Among these, network security analytics segment exhibits a clear dominance in the market.
Based on the deployment mode, the global security analytics market can be categorized into cloud-based and on-premises, where on-premises deployment currently accounts for the majority of the global market share.
Based on the organization size, the global security analytics market has been segregated into small and medium enterprises and large enterprises. Currently, large enterprises hold the largest market share.
Based on the vertical, the global security analytics market can be bifurcated into BFSI, healthcare, manufacturing, consumer goods and retail, IT and telecom, government and defense, and others. Among these, the BFSI sector currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global security analytics market include Alert Logic Inc. (Welsh, Carson, Anderson & Stowe), Alienvault Inc. (AT&T Cybersecurity), Arbor Networks Inc. (NETSCOUT Systems, Inc.), Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, LogRhythm Inc. (Thoma Bravo, LLC), McAfee LLC (TPG Capital & Intel Corporation), RSA Security LLC. (Dell Technologies Inc.), Splunk Inc., etc.
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