Selbyville, DE -- (SBWIRE) -- 01/28/2019 -- North America Security Analytics Market is estimated to hold the biggest share and dominate the industry over the forecast period. Asia Pacific region offers potential growth opportunities, as large enterprises and small and medium-sized business are moving towards security analytics suppliers in order to secure against potential threats such as zero-day vulnerabilities and advanced persistent threat.

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It combines the capabilities of threat intelligence and big data so as to, detect, mitigate and analyze targeted attacks and other persistent threats. Data & information application is estimated to dominate the industry over the forecast period owing to data-driven security. Endpoint security analytics is expected to play a key role in changing the landscape of the industry and is expected to witness signification gains over the forecast period due to increasing BYOD market penetration in enterprises.

Cloud deployment is the foremost deployment model as it offers various benefits to the industry such as scalability, 24/7 service, enhanced network security and speed. Mainly, small and medium-sized businesses have adopted cloud technology as it can avoid costs pertaining to software, hardware, technical staff and storage. On premises is the most popular deployment type where information is extremely complex for business operations. The government & defense sector is likely to lead the security analytics market, contributing the prime share over the forecast period. The industry is also anticipated to observe significant growth in healthcare and consumer goods & retail sectors over the next few years.

The industry can be bifurcated on the basis of service which includes consulting, training and support and managed services. In addition, the market is segmented on the basis of deployment type which includes on-premises and cloud. The industry is further segmented on the basis of application which includes network security analytics, data and information security analytics, application security analytics and endpoint security analytics.

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Rise in the sophistication level of security breaches coupled with growing government regulations and standards are supporting the global demand for the security analytics from 2016 to 2023. In addition, increasing application in cloud is also expected to fuel the industry demand over the forecast period. However, inefficient knowledge related to advanced targeted attacks and threats along with the lack of qualified security professional, the industry are exposed to potential threats and are expected to restrain the demand growth over the forecast period.

Chief manufacturers with global security analytics market share include EMC RSA, Cisco Systems, Inc., Juniper Networks, The Hewlett-Packard Company (HP), Arbor Networks, Inc., Fireeye, Inc., Logrhythm Inc., Blue Coats Systems, Inc., International Business Machines Corporation (IBM) and Click Security.

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