Research Reports
Rising Demand from Consumers to Push Sales of Security Analytics Market
Published by Persistence MarketResearch
Posted on October 11, 2021
5 min readLast updated: January 29, 2026
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Published by Persistence MarketResearch
Posted on October 11, 2021
5 min readLast updated: January 29, 2026
The security analytics market is set to grow significantly due to increasing data breaches and cyber threats, with a projected CAGR of 20.2% over the next decade.
The global security analytics market reached a valuation of close to US$ 8.7 Bn in 2020, and is anticipated to exhibit a high CAGR of 20.2% over the next ten years.
Security analytics use machine learning and big data analytics to collect, categorize, and analyze data gathered from network devices to detect advanced threats. Increase in the number of data breaches, cyber-attacks, and cyber exploits have resulted in increasing demand for security analytics solutions.
Increasing number of small- and medium-sized enterprises across the globe have resulted in the growing start-up culture, which has led to the adoption of the BYOD culture by companies, eliminating initial infrastructure expenses. This has further increased concerns regarding the security of organizations. Integration of such concepts is attracting cyber-threats and puts corporate data at risk. Therefore, most of organizations are adopting security analytics to protect their confidential data.
Security analytics provides endpoint security with proof of compliance, user behavior, cloud & network traffic analysis, external threat alert, and access & identity analytics. The Internet of Things (IoT) is a massive opportunity for businesses, consumers, and tech organizations. IoT users and software designers aim to use a wide range of current and future technology solutions to tackle cyber-attack risks associated with their IoT appliances. Tech companies and developers of these solutions will need to take a lead role in making their devices and solutions as secure as possible to deliver a safer and more secure IoT environment.
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This is a fast-moving market, and many recent developments have been observed:
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Key Takeaways from Market Study
“Security analytics is the process of gathering, categorizing, and analyzing data collected from network devices and detect advanced threats. Security analytics solutions speed the detection and response to cyber threats. Fast detection and response can help IT prevent or lessen the damage that a breach causes,” says a Persistence Market Research analyst.
Emerging Awareness Regarding Security Threats to Propel Market Growth
Previously, companies only adopted security strategies and approaches to safeguard and maintain critical information integrity. However, due to sudden rise in cybercrimes and data theft activities, businesses have begun to concentrate on better security approaches for information deployed on the cloud as well as on-site and improving the internal security framework.
Companies have experienced cyber-attacks such as phishing, DDoS attacks, and social engineering attacks. Moreover, large organizations worldwide are taking initiatives to implement security analytics solutions for their business applications deployed on the cloud as well as on-premise, and facilitating other small enterprises to understand the usage of cybersecurity capabilities and Internet security threats.
Furthermore, organizations are understanding the significance of security analytics that gives businesses the ability to predict security threats using analytics software. Its value has improved exponentially in the period of COVID-19.
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More Valuable Insights Available
Persistence Market Research’s report on the security analytics market is segmented into five major sections – solution (security analytics software – cloud based and on-premises) and services – professional services (security consulting, integration & deployment, and support & maintenance) and managed security analytics services), application (network security, endpoint security, application security, cloud security, and others), enterprise size (small & medium enterprises (SMEs) and large enterprises), industry (BFSI, IT & telecom, government & defense, retail, healthcare, manufacturing, education, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the market.
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The post Rising Demand from Consumers to Push Sales of Security Analytics Market appeared first on Lake Shore Gazette.
The article focuses on the growth and demand in the security analytics market driven by consumer needs and cybersecurity threats.
The BFSI sector is expected to dominate, while cloud security and SMEs show significant growth potential.
Recent partnerships and acquisitions by IBM and HPE to enhance cybersecurity solutions are discussed.
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