Security Analytics Market to Reach USD 73.7 Billion by 2032, Growing at 16.4% CAGR – ‘GlobeNewsw…
– Acumen Research and Consulting
-by-2026/,
The global security analytics market is expected to reach $16981.885 billion by 2026, growing at a CAGR of 12.2% during the forecast period (2020-2026).
Security analytics refers to the automated analysis of data in a security context to analyze behavior and spot malicious or anomalous activities that represent a risk to organizations’ information assets.
The report highlights increasing adoption of cloud-based services, increased regulatory compliance & security standards, and the increasing cyber threats & frauds, as the prime growth drivers for the security analytics market.
Additionally, the rising adoption of the Internet of things (IoT) devices, and the integration of advanced analytics with the systems to improve security, are expected to provide ample growth opportunities in the security analytics market.
One of the biggest factors driving the growth of the global security analytics market is the increasing cybersecurity threats.
These cyber threats have been steadily increasing over the last few years, and present a significant risk to organizations’ systems, networks, and data.
Additionally, the growing complexity of the cyber environment due to the increased use of the Internet and the increasing number of connected devices worldwide is also contributing to the growth of the market.
Other factors contributing to the market growth include the increasing regulatory compliance & security standards, government initiatives to increase security investments, the rising adoption of cloud-based services, the advancing analytics capabilities, and the mounting demand for autonomous security analytics solutions.
Additionally, the increasing investment in security analytics by small and large enterprises is also expected to boost the market growth.
Link: https://beamstart.com/news/security-analytics-market-to-reach-16981885093705