This market research study presents a detailed segmentation of the global security intelligence and analytics solutions market by product (security analytics and security intelligence) and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Blue Coat Systems, IBM, Juniper Networks, McAfee, and Symantec.
Technavio’s market research analysts estimate the global security intelligence and analytics solutions market to grow at a CAGR of around 10% between 2016 and 2020. Rising instances of cyber-attacks across the globe have boosted the demand for security intelligence and analytics solutions. The BFSI and government sectors are the major adopters of security intelligence and analytics solutions. The Americas account for 54% of the total market share, owing to increasing incidences of security attacks in the region.
The new market research report from Technavio provides a breakdown and analysis of the security intelligence and analytics segments by technology.
“The market is expected to witness growing acquisitions of niche players in the coming years. The security intelligence and analytics solutions market is highly fragmented due to the presence of numerous small vendors, specializing in niche markets. As the niche market players have superior technology, the large vendors enter the market through the acquisition of these niche players. Strategic M&As between these providers may help develop improved products and boost profit margins of the service providers, thereby aiding in the growth of this market,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
The security intelligence segment leads the market and holds the largest market share of more than 71% of the global security intelligence and analytics solutions market. Security intelligence is an additional service provided by the security service vendors. It adds superior functionality to the existing network security products. As cyber-attacks are getting complex and sophisticated, the market for security intelligence and analytics is expected to have a positive impact by 2020.
Segmentation of global security intelligence and analytics solutions market by product
Source: Technavio, 2016
The key players in the global security intelligence and analytics solutions market are Blue Coat Systems, IBM, Juniper Networks, McAfee, and Symantec. The market is highly fragmented owing to the presence of several multinational and regional vendors. Established vendors are likely to acquire smaller vendors to expand their product portfolio and increase their market share. The vendor competition is expected to intensify due to the increase in product and service extensions, technological innovations, and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global Security Intelligence and Analytics Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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