Outlook of the security intelligence and analytics solutions market
Technavio’s market research analysts have predicted the global security intelligence and analytics solutions market to grow at tremendous CAGR of more than 10% during the forecast period. The increasing incidences and complexity of cyber attacks are expected to have a positive impact on the growth of the security intelligence and analytics solutions market. The complex nature of threats directed toward end-users is increasing, for example, unlike the traditional threats that are individual in nature and target a particular system, the cyber threats these days aim at disrupting the entire setup. Therefore, to safeguard from these attacks, end-users are adopting security analytics solution rapidly, thereby propelling this market’s growth prospects during the forecast period.
In this industry research report, the analysts have estimated factors like the growing acquisitions of niche players to bolster the growth prospects of this market 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.
Product segmentation and analysis of the security intelligence and analytics solutions market
- Security analytics
- Security intelligence
During 2015, the security intelligence segment dominated the market and held 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.
Geographical segmentation and analysis of the security intelligence and analytics solutions market
During 2015, the Americas dominated the global market for security intelligence and analytics solutions and accounted for more than 54% of the market share. The increasing incidences of security attacks in the region have led to the early adoption of security intelligence and analytics solutions by several organizations which will propel the growth prospects of this market in the predicted period.
Competitive landscape and key vendors
The global security intelligence and analytics solutions 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.
Key vendors in the market are -
- Juniper Networks
- Blue Coat Systems
- IBM
- Juniper Networks
- McAfee
- Symantec
Other prominent vendors in the market are Cisco, HP, AVG, Check Point Software Technologies, CipherCloud, Elbit Systems, and Fortinet.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global security intelligence and analytics solutions market?
- What are the key market trends impacting the growth of the global security intelligence and analytics solutions market?
- What are the challenges to market growth?
- Who are the key vendors in the global security intelligence and analytics solutions market?
- What are the market opportunities and threats faced by the vendors in the global security intelligence and analytics solutions market?
- Trending factors influencing the market shares of Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global security intelligence and analytics solutions market?
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