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Global security analytics market: $3.2 billion industry forecast by 2018

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Security Analytics Market: Worldwide Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-17 04:25:01
The global security analytics market is estimated to have reached a value of around $1.96 billion at the beginning of 2013, and is forecast to hit a value of $3.22 billion in 2018. This suggests a CAGR growth rate of around 10.4% between 2013 and 2018.

With an increase in new security threats, need for security analytics is growing rapidly and is set to redefine security information and event management (SIEM) by providing effective and better security for organizations and making available a better way to predict potential threats.

The challenge to counter the increasing number of security breaches, continued line of sophisticated attacks and existence of outdated cyber defense systems in organizations is enormous. The vendors in the security analytics market are constantly innovating and remodeling their existing architecture to develop better and more secure systems.

Major vendors in the security analytics market are RSA, IBM and Blue Coat Systems. The major forces driving this market are increased number of security breaches, a continued trend to attack and outdated cyber defense systems of organizations. Other factors that are responsible for increase in adoption of security analytics solutions are the emergence of big data analytics and advanced targeted attacks.

Intrusion and frauds may happen while using traditional security systems but a combination of complete analysis of data packets, logs and user tracking in real time may mitigate such risks. Deploying security analytics to existing security systems may help to fill the gaps in traditional security system as well as provide a better way for organizations to enable their business process run more effectively and efficiently.

Security Analytics is a growing market. This is evident from the mergers and acquisitions in the market. Some of the major acquisitions are that of Solera Networks by Blue Coat Systems, Cognitive Security by Cisco and that of Sonic Wall by Dell. Some of the prominent vendors in this market are RSA the security division of EMC, Sogeti, TIBCO LogLogic, HP Arcsight, elQ Networks and so on.

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