Security Analytics Market to Surge at 24.3% CAGR till 2027; Exponential Spread of COVID-19 to Spike the Demand for Analytics-based Security Solutions: Fortune Business Insightsâ¢>
Yahoo – Finance – Fortune Business Insights
Pune, India, Oct. 28, 2021 (GLOBE NEWSWIRE) — The global security analytics market size is projected to reach USD 28.55 billion by 2027, exhibiting a CAGR of 24.3% during the forecast period. Frequent cyber-attacks and the resultant data breaches will be the central growth driver for this market, shares Fortune Business Insights⢠in its recent report, titled âSecurity Analytics Market Size, Share & Industry Analysis, By Component (Solutions, and Services), By Application (Network Security Analytics, Web Security Analytics, Endpoint Security Analytics, and Application Security Analytics), By Vertical (BFSI, Government and Defense, IT and Telecommunication, Manufacturing, Healthcare, Energy and Utilities, and Others), and Regional Forecast, 2020-2027â.

Market Driver

COVID-19 Outbreak to Spawn New Growth Opportunities

Regional Analysis

North America, with a revenue generation of USD 1.71 billion in 2019, is poised to lead the security analytics market share in the coming years owing active adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) across industries. Furthermore, both the US and Canada are home to some of the largest tech firms in the world, which gives this market a stable base to grow.

Competitive Landscape

The competitive landscape of this market is dominated by tech giants such as Cisco and IBM. These companies have the financial wherewithal to invest and develop advanced cyber-security solutions for various end-users. The smaller players, on the other hand, are engaged in broadening their offerings through mergers and collaborations.
Link: https://finance.yahoo.com/news/security-analytics-market-surge-24-120700782.html