Splunk : Announces New Government Logging Modernization Program>
Market Screener
CHICAGO, Oct. 13, 2021 /PRNewswire/ — According to a research report “Security Analytics Market with COVID-19 Impact Analysis by Component, Application (Customer Retention and Engagement and Personalized Recommendation), Deployment Mode, Organization Size, Vertical, Capability, and Region – Global Forecast to 2026”, published by MarketsandMarketsâ¢, the Security Analytics Market size to grow from USD 12.0 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Various factors such as demand to discover patterns, prioritization of network-based threats with actionable intelligence to avert data losses, and prevention of onward intrusion and increasing focus on maintaining regulatory compliance.
Security analytics solutions can assimilate large and diverse data sets into their detection algorithms, depending on the types of solutions deployed. Security analytics data can be gathered in various ways, including but not limited to network traffic, endpoint and user behavior data, cloud resources, business applications, identity and access management data, and external threat intelligence sources. The various security analytics solutions are SIEM, endpoint security analytics, network security analytics, enterprise security analytics, User Entity and Behavior Analytics (UEBA), and Security Orchestration and Automation and Response (SOAR). These solutions help organizations secure their networks, endpoints, applications, and cloud-based services. The managed services segment is expected to show a higher growth rate during the forecast period.
The enpoint security analytics application to grow at a highest CAGR during the forecast period
Support and maintenance services to hold the largest market size during the forecast period
The large enterprises segment to hold a larger market size during the forecast period
BFSI segment to have the largest market size during the forecast period
APAC to hold higher CAGR during the forecast period
The major vendors in the global Security Analytics Market include IBM (US), HPE (US), Cisco (US), Broadcom (US), Splunk (US), RSA Security (US), McAfee (US), FireEye (US), Juniper Networks (US), LogRhythm (US), Fortinet (US), Huntsman Security (Australia), Gurucul (US), Securonix (US), Hillstone Networks (US), Exabeam (US), Rapid7 (US), Alert Logic (US), Forcepoint (US), Assuria (UK), Haystax (US), Uptycs (US), Snowflake (US).
Link: https://www.marketscreener.com/quote/stock/SPLUNK-INC-10454129/news/Splunk-Announces-New-Government-Logging-Modernization-Program-36731700/