About the Security Intelligence and Analytics Solutions Market
Security intelligence helps preventing attacks such as advanced persistent threat and advanced malware. These emerging cyber-attacks are immune to the traditional security methods. Organizations need a proactive intelligent system to prevent these attacks, as they can lead to misuse or tampering of data. Security intelligence service is mainly provided through cloud by information and communication technology vendors, security vendors, and managed security service providers.Security analytics is a security solution that enables the detection and investigation of threats. It is done through a collective process of data collection, data management, and data analysis. Security analytics solutions enable security monitoring, threat investigation, data archiving, threat analyzing, and reporting. These solutions provide a higher level of threat analysis than commonly used security tools. As security analytics solutions have flexible deployment options, its adoption is expected to increase significantly.
Technavio’s analysts forecast the global security intelligence and analytics solutions market to grow at a CAGR of 10.26% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global security intelligence and analytics solutions market for 2016-2020. To calculate the market size, Technavio considers revenue generated from the sales of security intelligence and analytics solutions. The software license revenue includes both perpetual and periodic licenses/subscription. The report does not take hardware into consideration.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Security Intelligence and Analytics Solutions Market 2016-2020
Technavio recognizes the following companies as the key players in the global security intelligence and analytics solutions market: Blue Coat Systems, IBM, Juniper Networks, McAfee, and Symantec.
Other Prominent Vendors in the market are: Cisco, HP, AVG, Check Point Software Technologies, CipherCloud, Elbit Systems, and Fortinet.
Commenting on the report, an analyst from Technavio’s team said: “One trend fostering growth in this market is the growing acquisition of niche players. The market is highly fragmented with the presence of numerous small vendors, most of which operate in the niche markets. This has resulted in an increased scope for M&A. The niche market players have superior technology; hence, large vendors enter the market through the acquisition of these niche players.”
According to the report, one driver inciting growth in this market is the increased complexity of attacks. The complexity of threats directed toward end-users is increasing. For instance, threats such as advanced persistent threats are on the rise. Unlike the traditional threats that were individual in nature and were targeted at a single system, these threats are targeted at a whole setup. Furthermore, they have the capability to bring down the infrastructure of a whole entity.
Further, the report states that lack of awareness among SMEs will be a major factor hindering growth in this market. The majority of the SMEs are aware of the risk that their business bears due to the threats from cyber-attacks. But only a handful of these firms invest in enhanced security systems, as they have this notion that hackers will not target small enterprises. On the contrary, hackers often target the large enterprises via these SMEs by hacking through their supply chain network.
Blue Coat Systems, IBM, Juniper Networks, McAfee, Symantec, Cisco, HP, AVG, Check Point Software Technologies, CipherCloud, Elbit Systems, and Fortinet.
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