Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Security Analytics Market Research Report Information By Application (Web Security, Network Security, Endpoint Security, Application Security), By Service (Professional, Managed), and By Region (Asia-Pacific, Europe, North America, and Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/2867-HCR | 100 Pages | Author: Ankit Gupta| April 2024

Security Analytics Market Overview

Security Analytics Market Size was valued at USD 10.00 billion in 2022. The security analytics market industry is projected to grow from USD 11.78 Billion in 2023 to USD 43.68 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.80% during the forecast period (2023 - 2032).The need for proactive threat identification and incident response has increased due to technological breakthroughs and evolving cyber threat landscapes, and these are the key market drivers enhancing market growth. One of the main advances in the industry is the use of artificial intelligence (AI) and machine learning (ML) technologies to improve the accuracy and responsiveness of threat identification and response.

Security Analytics Market Overview.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Security Analytics Market Trends

Increased frequency of data breaches is driving the market growth

Market CAGR for security analytics is driven by the growing number of data breaches. The quantity and severity of breaches have increased more rapidly in recent years. Businesses are experiencing a decline in their financial revenues as breaches and vulnerabilities increase. In 2018, the approximate average annual cost for firms that experience data breaches was around USD 3.86 million, according to a report released by IBM Corporation. Businesses are therefore implementing threat analytics services to protect and secure the data and forecast the possibility of breaches to avert unfavorable situations. For instance, Splunk, Inc. reported in January 2018 that Daimler, a German automaker, has switched from its legacy SIEM solution to Splunk Enterprise Security (ES) service. Thanks to the company's security analytics technology, the manufacturer can gain security insights across the firm, including manufacturing lines and vehicle systems.

The spread of the COVID-19 pandemic is likely to be abused by unethical hackers and other cybercriminals. Because of this, organizations have received alert notifications from the US Department of Homeland Security (DHS), the UK's National Cybersecurity Center (NCSC), and the Cybersecurity and Infrastructure Security Agency (CISA) about cybercrimes like advanced persistent theft (APT) groups and other unethical hackers. To prevent data breaches, many nations that have already implemented security systems are working to make them more robust. In contrast, several emerging nations are implementing threat intelligence systems. The rise in telecommuting may have encouraged the usage of weaker technology and services, including virtual private networks (VPN), endangering businesses. Online communication tools like Skype and Zoom have increased significantly across several industries. As a result of their increased exposure to open platforms, business processes are vulnerable to criminal actions like phishing and ransomware assaults, among others. Thus, driving the security analytics market revenue.

Security Analytics Market Segment Insights

Security Analytics Application Insights

The security analytics market segmentation, based on application, includes web security, network security, endpoint security, and application security. With a major market share in 2022, the network security category led the industry. The industry is driven by increased demand for behaviorally-based security analytics to monitor network telemetry and firewall logs and adhere to organizational standards. Enterprises are being influenced to adopt solutions by the surge in dangers from malware that lurks in network layers and is encrypted.

January 2021: Kaspersky Lab has teamed with Waterfall Security, an operational technology (OT) security company, to provide increased security through safe and modern monitoring of industrial networks and traffic to detect unusual usage patterns and suspicious activity. The integrated solution provides industrial network traffic inspection, deep packet inspection (DPI), and hardware-enforced unidirectional protection for safe and dependable operations on OT networks.

Over the projected period, the segment for application security analytics is anticipated to have the quickest Growth. The segment's adoption is driven by the increased demand to identify and eliminate malware, APTs, and other advanced threats from enterprise applications and data. Further factors influencing the adoption of the sector include an increase in the use of digital applications and a rise in the execution of dynamic applications across client servers.

Security Analytics Service Insights

The security analytics market segmentation, based on service, includes professional and managed. Professional category are anticipated to account for a major portion of the industry. Consulting, training, and education are additional categories for these services, along with support and maintenance. Long-term business relationships with consumers are more likely to result in the success of professional services. Providing expert services assists businesses in accomplishing customer-driven objectives. Remote monitoring provided through shared services is referred to as managed security services. The projection period is expected to see managed services demonstrate a sizable CAGR. Before implementing security analytics solutions, cybersecurity suppliers analyze the organizations' current infrastructures to provide a mix of consulting, training, and support services.

Figure 1: Security Analytics Market, by Service, 2022 & 2032 (USD billion)

Security Analytics Market, by Service

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Security Analytics Regional Insights

By Region, the report provides market insights into Asia-Pacific, North America, Europe, and Rest of the World. The North American security analytics area will dominate this market. North America, notably the US and Canada, is one of the most significant regions for accepting and expanding new technologies due to its pro-innovation government policies, extensive industrial base, and high purchasing power. Businesses like Cylance Inc., the leading supplier of AI-driven, prevention-first security solutions, and Securonix, a North American supplier of SIEM and user and entity behavioral analytics in security analytics, recently announced a partnership to support CylancePROTECT's interoperability with the most recent version of the Securonix Security Analytics Platform.

Further, the leading countries studied in the market report are U.S., Canada, German, UK, France, Spain, Italy, Japan, China, Australia, India, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's security analytics market accounts for the second-largest market share due to the rapid digitalization of several industries in the European Union, including health, energy, and transportation, cybersecurity is acquiring strategic importance (EU). Companies in the area are now required by the EU's General Data Protection Regulation (GDPR) to notify the national data protection authorities of any data breaches. Further, the German security analytics market held the largest market share, and the UK security analytics market was the fastest-growing market in the European region

The Asia-Pacific Security Analytics Market is expected to grow at the fastest CAGR from 2023 to 2032. The percentage of Asians who used the internet in 2022 was 67.4 percent, more than twice as high as in 2011. This data demonstrates how the demand for cyber-security solutions to reduce cyber dangers in the digital era is driven by digital services. Additionally, expanding cloud services and adopting "bring your own device" (BYOD) have forced enterprises to create effective analytics solutions to address possible vulnerabilities. Moreover, China’s security analytics market held the largest market share, and the Indian security analytics market was the fastest-growing market in the Asia-Pacific region.

Security Analytics Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the security analytics market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the security analytics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the security analytics industry to benefit clients and increase the market sector. In recent years, the security analytics industry has offered some of the most significant advantages to medicine. Major players in the security analytics market, including FireEye Inc. (U.S.), Log Rhythm Inc. (U.S.), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), and others, are attempting to increase market demand by investing in research and development operations.

RSA Security LLC is a network security provider. The company provides cybersecurity and digital risk management solutions, integrated risk management, omnichannel fraud protection, and threat detection. RSA Security has clients all across the world. The SecurID authentication token is one of its products. RSA also owned the BSAFE cryptographic library at first. RSA is well-known for including NSA-created backdoors in its products. In March 2022, RSA is delighted to announce that RSA NetWitness Platform is now generally available. The new ISO replaces the ISO on MyRSA to accommodate modifications to the RAID controllers (H740 to H750). The older H740 cards will be phased out in favor of the newer H750 cards in the future.

Ensono is a technology professional and managed service provider. Ensono has over 2,900 colleagues worldwide and is headquartered in greater Chicago. It has certified AWS, Azure, and Google Cloud expertise and was named Microsoft Datacenter Transformation Partner of the Year. The company provides server and storage infrastructure, backup, database, security, disaster recovery, and cloud services. Ensono services customers all over the world. In June 2022, Ensono collaborated with ATPCO to achieve high operational excellence by providing continuous monitoring, threat detection, leading Mainframe-as-a-Service, disaster recovery, and private cloud services. Through these services, ATPCO will have entire technical and commercial flexibility to meet its present and future business demands.

Key Companies in the security analytics market include

Security Analytics Industry Developments

July 2022: Crowdstrike has announced Falcon OverWatch Cloud Threat Hunting, a new cloud threat hunting solution that allows security teams to continuously discover sophisticated and stealthy threats that originate and persist in cloud environments. This assists onsite analysts in identifying vulnerabilities that expose sensitive data.

July 2021: LogRhythm, the company that powers today's security operations centers (SOCs), has released a new automation module to assist enterprises in meeting Qatar's National Cybersecurity Framework as quickly as possible. It offers pre-built content facilitating the discovery of areas of non-compliance in real time with prebuilt searches and analytics that allow for fast analysis of operations. The prebuilt reports that may be scheduled or executed on demand make it simple to demonstrate compliance.

Security Analytics Market Segmentation

Security Analytics Application Outlook

  • Web Security

  • Network Security

  • Endpoint Security

  • Application Security

Security Analytics Service Outlook

  • Professional

  • Managed

Security Analytics Regional Outlook

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 10.00 billion
Market Size 2023 USD 11.78 billion
Market Size 2032 USD 43.68 billion
Compound Annual Growth Rate (CAGR) 17.80% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends
Segments Covered Application and Service
Geographies Covered Asia Pacific, North America, Europe, and the Rest of the World
Countries Covered U.S., Canada, German, UK, France, Spain, Italy, Japan, China, Australia, India, South Korea, and Brazil
Key Companies Profiled FireEye Inc. (U.S.), Log Rhythm Inc. (U.S.), IBM Corporation (U.S.), and Cisco Systems Inc. (U.S.).
Key Market Opportunities The necessity of a balanced security approach
Key Market Dynamics Increasing focus on maintaining regulatory compliance

Frequently Asked Questions (FAQ) :

The market size of security analytics was valued at USD 10.00 Billion in 2022.

It is expected that between 2023 and 2032, the market will expand at a CAGR of 17.80%.

North America had the major share of the market

The key players in the market are FireEye Inc. (U.S.), Log Rhythm Inc. (U.S.), IBM Corporation (U.S.), and Cisco Systems Inc. (U.S.).

The network security category dominated the market in 2022.

The professional service had the largest share in the market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization