Published Date : Jul 11, 2016
ALBANY, NY, July 11, 2016: A new market intelligence report, titled “Global Security Intelligence and Analytics Solutions Market 2016-2020,” has recently been added by MarketResearchReports.biz to its vast repository of research reports. The study provides a comprehensive reports of the global security intelligence and analytical solutions market, including the major growth drivers, barriers, product segmentation, major geographical segments, and vendor reports. According to the research study, the global market for security intelligence and analytical solutions is projected to exhibit a 10.26% CAGR between 2016 and 2020.
Security intelligence solutions are gaining traction in the last few years as they help in preventing cyber-attacks, such as advanced malware and advanced persistent threat. On the other hand, the security analytics helps in the investigation and detection of threats, which is carried out through a collective procedure, including data management, data collection, and data reports. As a result, several organizations are opting for security intelligence and analytics solutions to ensure the safety of their data.
The security implementation resulting in agility in the overall business is one of the major trends projected to drive the security intelligence and analytical solutions market across the globe. However, the lack of awareness regarding the security intelligence and analytics solutions among the small-sized and mid-sized enterprises is estimated to curtail the growth of the overall market in the near future.
The global market for security intelligence and analytical solutions has been categorized on the basis of product into security intelligence and security analytics. In 2015, the security intelligence segment led, accounting for a 71% share in the security intelligence and analytical solutions market worldwide. Security intelligence comprises extra services offered by the vendors to enhance the functionality of the present network security products. Furthermore, the increasing sophistication and complexity of the cyber-attacks are anticipated to actuate the growth of the market in the next few years.
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The security intelligence and analytical solutions market has been divided on the basis of geography into APAC, the Americas, and EMEA. In 2015, the Americas accounted for a 54% share in the overall security intelligence and analytical solutions market and is projected to remain dominant throughout the forecast period. The rising number of security attacks in numerous regions across the globe has resulted in increased adoption of security intelligence and analytical solutions by different enterprises. This is anticipated to propel the security intelligence and analytical solutions market across the globe.
The global market for security intelligence and analytical solutions is extremely fragmented in nature, due to the presence of several players in the market. The well-established players are estimated to expand their product portfolio and gain the competitive advantage in the market. The key players in the market are focusing on the service extensions, mergers and acquisitions, and research and development activities to attract more consumers in the near future. The prominent players active in the security intelligence and analytical solutions market are Symantec, McAfee, Juniper Networks, IBM, Juniper Networks, and Blue Coat Systems. Some of the other players analyzed in the research study are HP, Cisco, Check Point Software Technologies, AVG, and Elbit Systems.
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