Zion Market Research Security Analytics Market, 2016–2024 | Page 3
Security Analytics Market
professional services and managed services. Professional services further include training and
education, consulting and support and maintenance. Based on deployment mode, the global
market is divided into cloud and on-premises. On the basis of organization size, the division is
seen into small and medium enterprises and large enterprises. Based on end-user the
segregation is seen into government and defense, consumer goods and retail, BFSI, healthcare,
IT and telecom, energy and utilities, education, manufacturing, transportation, and others. The
global security analytical market is diversified into regions such as North America, Europe,
Middle East and Africa, Asia-Pacific and Latin America.
Global Security Analytics Market: Growth Factors
The rise in sophistication level of threats and security breaches, growing security needs,
increased deployment of web and cloud-based business applications, developing new and better
security products and stringent regulations and compliance requirements are some of the major
forces driving the security analytical market. In addition, the convergence of big data analytics
with the security intelligence and increasing managed security services are providing potential
growth opportunities in the global security analytics market. Government and defense are the
major end-users of security analytics. Factors such as finding the appropriate security tool
suiting the company’s security requirements, inefficient knowledge related to security threats
and methods to evade them, lack of qualified security professionals restrain the growth of the
market. In addition, labor shortage in cyber security acts as a barrier to the growth of the
security analytical market.
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